70FBR622A00000009 - THIS BLANKET PURCHASE AGREEMENT PROVIDE SOURCES PR...

This BPA contract for Facilities Purchase & Lease was awarded in FY2022 on Jan 27, 2022 to IRIS DEVELOPMENT, LLC by FEMA Region VI. There have been $3.4M in obligations to date with a ceiling value of $10.7M, showing a 31% burn rate so far on the contract. The contract was not competed under any preference program with offers received. We expect a 2 year duration with ultimate completion date of Jul 26, 2024.

IRIS DEVELOPMENT, LLC is a contractor located in LA, doing primarily Facilities Purchase & Lease work for Homeland Security (DHS). 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

Homeland Security (DHS)»Federal Emergency Management Agency (FEMA)»FEMA Regional Operations»FEMA Region VI

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