47PB0124A0001 - INTERNET-BASED COMPUTER ACCESSIBLE REAL PROPERTY I...

This BPA contract for Business Admin Services, Real Estate Services was awarded in FY2024 on Jan 31, 2024 to COSTAR REALTY INFORMATION, INC. by PBS Region 1 New England. There have been $1.7M in obligations to date with a ceiling value of $7.4M, 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 4 year duration with ultimate completion date of Oct 31, 2028.

COSTAR REALTY INFORMATION, INC. is a contractor located in DC, doing primarily Business Admin Services work for General Services Administration. The company receives $3.8M 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

General Services Administration»Public Buildings Service»PBS Regional Offices»PBS Region 1 New England

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