11316023A0001EOP - LEASED COMMERCIAL PARKING SPACES
Federal Contract Award Search » BPA Award
This BPA contract for Facilities Purchase & Lease was awarded in FY2023 on Dec 22, 2022 to COLONIAL PARKING, INC. by Executive Office of the President. There have been $1.6M in obligations to date with a ceiling value of $6M, showing a 26% burn rate so far on the contract. The contract was not competed under any preference program with offers received. We expect a 5 year duration with ultimate completion date of Dec 30, 2027.
COLONIAL PARKING, INC. is a contractor located in DC, doing primarily Facilities Purchase & Lease work for Homeland Security (DHS). The company receives $3.6M 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.
- Contract Number
- 11316023A0001EOP
- Contractor
- COLONIAL PARKING, INC.
- Obligations to Date
- $1.6M
- Ceiling Value
- $6M
- Award Date
- 12/22/2022
- Contract Type
- BPA
- Buying Agency/Office
- Executive Office of the President
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BPA Call History
| BPA Call No. | Contractor | Obligations | Effective Date |
|---|---|---|---|
| 11316023F0002UST | COLONIAL PARKING, INC. | $48k | 01/03/2023 |
| 11316023F0002NSC | COLONIAL PARKING, INC. | $683.3k | 01/27/2023 |
| 11316023F0009OND | COLONIAL PARKING, INC. | $64.1k | 05/19/2023 |
| 11316024F0007UST | COLONIAL PARKING, INC. | $49k | 01/03/2024 |
| 11316024F0002NSC | COLONIAL PARKING, INC. | $664.3k | 01/30/2024 |
| 11316024F0009OND | COLONIAL PARKING, INC. | $65.3k | 07/03/2024 |
