W91QVN15A0003 - - REPAIR APPLIANCES SERVICE FOR AREA I AND II

This BPA contract for Legal services, Furniture was awarded in FY2015 on Oct 31, 2014 to KUK JAE ELECTRIC by Army. There have been $579.9k in obligations to date with a ceiling value of $1,000k, showing a 58% 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 30, 2018.

KUK JAE ELECTRIC is a contractor located in KYONGGI, doing primarily Furniture work for Army. The company receives $272.3k 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

Army

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