11316022A0003EOP - BLOOMBERG SUBSCRIPTIONS SERVICES FOR FINANCIAL AND...
Federal Contract Award Search » BPA Award
This BPA contract for IT Outsourcing was awarded in FY2022 on Aug 25, 2022 to Bloomberg Inc. by Executive Office of the President. There have been $589.9k in obligations to date with a ceiling value of $2.5M, showing a 24% 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 Aug 28, 2027.
Bloomberg Inc. is a contractor located in VA, doing primarily IT Software work for Treasury. The company receives $24.5M 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
- 11316022A0003EOP
- Contractor
- BLOOMBERG FINANCE L.P.
- Obligations to Date
- $589.9k
- Ceiling Value
- $2.5M
- Award Date
- 08/25/2022
- 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 |
|---|---|---|---|
| 11316022F0003CEA | BLOOMBERG FINANCE L.P. | $24.2k | 09/01/2022 |
| 11316022F0018UST | BLOOMBERG FINANCE L.P. | $152.5k | 09/01/2022 |
| 11316023F0003WHO | BLOOMBERG FINANCE L.P. | $31.9k | 03/03/2023 |
| 11316023F0007WHO | BLOOMBERG FINANCE L.P. | $26.6k | 04/26/2023 |
| 11316023F0003CEA | BLOOMBERG FINANCE L.P. | $88.8k | 08/30/2023 |
| 11316024F0005WHO | BLOOMBERG FINANCE L.P. | $53.2k | 06/25/2024 |
| 11316024F0021UST | BLOOMBERG FINANCE L.P. | $79.7k | 08/29/2024 |
| 11316024F0003CEA | BLOOMBERG FINANCE L.P. | $132.9k | 08/30/2024 |
