11316023A0001EOP - LEASED COMMERCIAL PARKING SPACES

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 $1.7M in obligations to date with a ceiling value of $6M, showing a 29% 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.

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Buying Agency/Office

Executive Office of the President

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