2031ZA24A00002 - BPA FOR BEP PARKING PROGRAM

This BPA contract for Facilities Purchase & Lease was awarded in FY2024 on Nov 7, 2023 to SP PLUS CORPORATION by Office of the Chief Procurement Officer. There have been $647.4k in obligations to date with a ceiling value of $2.8M, showing a 23% burn rate so far on the contract. The contract was not competed under any preference program with offers received. We expect a 3 year duration with ultimate completion date of Nov 6, 2026.

SP PLUS CORPORATION is a contractor located in IL, doing primarily Facilities Purchase & Lease work for Treasury. The company receives $3M 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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