11316018A0008EOP - - FURNITURE

This BPA contract for Furniture was awarded in FY2018 on Sep 25, 2018 to Price Modern LLC by Executive Office of the President. There have been $6.4M in obligations to date with a ceiling value of $6.4M, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with offers received. We expect a 6 year duration with ultimate completion date of Mar 23, 2024.

Price Modern LLC is a contractor located in MD, doing primarily Furniture work for Homeland Security (DHS). The company receives $28.9M annually in federal awards (as of FY2020). Also, they have shown success winning No/Limited Bias contracts concentrated mainly on a singular customer focused portfolio.

Blanket Purchase Agreements or BPAs establish a method for the Government to satisfy a repetitive need for goods and services. When a government-wide need exists for specific products or services, a BPA allows the Government to establish a single contract to satisfy those needs. Creating a single source for common needs enables the Government to use buying power to drive down prices and avoid the higher costs associated with hundreds or thousands of customers purchasing independently.

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Buying Agency/Office

Executive Office of the President

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