2031ZA23A00008 - BPA FOR ADMINISTRATIVE SERVICES

This BPA contract for Business Admin Services was awarded in FY2023 on Jul 11, 2023 to TESLA LABORATORIES INC. by Office of the Chief Procurement Officer. There have been $355k in obligations to date with a ceiling value of $6.9M, showing a 5% 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 Jun 28, 2028.

TESLA LABORATORIES INC. is a contractor located in VA, doing primarily Science/Engineering > Professional Services work for National Aeronautics and Space Administration. The company receives $5.2M 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

Treasury»Bureau of Engraving and Printing»BEP Chief Financial Officer»Office of the Chief Procurement Officer

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