FA570224A0006 - MULTIPLE AGREEMENT SUPPLY PROGRAM (MASP) BLANKET P...
Federal Contract Award Search » BPA Award
This BPA contract for Construction Related Materials > Facilities & Construction was awarded in FY2024 on Jan 23, 2024 to G L VENTURE GENERAL TRADING & CONTRACTING WLL by 379th Expeditionary Contracting Squadron. There have been $90.5k in obligations to date with a ceiling value of $2.5M, showing a 4% 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 Jan 17, 2029.
G L VENTURE GENERAL TRADING & CONTRACTING WLL is a contractor doing primarily Construction & Related Services > Architect, Engineering & Construction work for Air Force. The company receives $3.5M 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.
- Contract Number
- FA570224A0006
- Contractor
- PRIME VERITAS GENERAL TRADING & CONTRACTING
- Obligations to Date
- $90.5k
- Ceiling Value
- $2.5M
- Award Date
- 01/23/2024
- Contract Type
- BPA
- Buying Agency/Office
- Air Force»Air Combat Command»9th Air Force (AFCENT)»379th Air Expeditionary Wing»379th Expeditionary Mission Support Group»379th Expeditionary Contracting Squadron
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BPA Call History
| BPA Call No. | Contractor | Obligations | Effective Date |
|---|---|---|---|
| FA570224F0028 | PRIME VERITAS GENERAL TRADING & CONTRACTING | $61.3k | 03/17/2024 |
