GSA awards $20.4K for coworking in Colorado, highlighting flexible workspace needs

Contract Overview

Contract Amount: $20,412 ($20.4K)

Contractor: Liquidspace, Inc.

Awarding Agency: General Services Administration

Start Date: 2026-03-16

End Date: 2027-03-16

Contract Duration: 365 days

Daily Burn Rate: $56/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 1

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: AWARD: FLEXIBLE COWORKING SERVICES FOR FORT COLLINS, 242 LINDEN STREET AND COLORADO SPRINGS, COLORADO, 5825 EELMONICO DRIVE, SUITE 320, COLORADO SPRINGS, CO.

Place of Performance

Location: FORT COLLINS, LARIMER County, COLORADO, 80524

State: Colorado Government Spending

Plain-Language Summary

General Services Administration obligated $20,412.28 to LIQUIDSPACE, INC. for work described as: AWARD: FLEXIBLE COWORKING SERVICES FOR FORT COLLINS, 242 LINDEN STREET AND COLORADO SPRINGS, COLORADO, 5825 EELMONICO DRIVE, SUITE 320, COLORADO SPRINGS, CO. Key points: 1. Contract value is modest, suggesting a need for specific, localized workspace solutions. 2. Competition was full and open, indicating a healthy market for these services. 3. The fixed-price structure provides cost certainty for the government. 4. Performance is tied to specific locations, indicating a focus on operational presence. 5. The award falls within the real estate and facilities management sector. 6. Duration of the contract is one year, allowing for periodic reassessment of needs.

Value Assessment

Rating: good

The award amount of $20,412.28 for flexible coworking services appears reasonable for a one-year term, especially considering the specified locations in Fort Collins and Colorado Springs. Benchmarking against similar GSA contracts for flexible workspace solutions would provide a more precise value assessment. However, the relatively low dollar amount suggests this is likely for a small team or specific project needs rather than large-scale office space.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, meaning all responsible sources were permitted to submit offers. This indicates a competitive marketplace for flexible coworking services. The specific number of bidders was not provided, but the open competition suggests that multiple entities likely vied for this contract, potentially driving down prices and ensuring a good selection of service providers.

Taxpayer Impact: Full and open competition generally benefits taxpayers by fostering a competitive environment that can lead to better pricing and service quality, ensuring government funds are used efficiently.

Public Impact

Federal employees in the Fort Collins and Colorado Springs areas will benefit from access to flexible workspace. The services delivered are coworking spaces, providing a professional environment for work. The geographic impact is localized to Colorado, serving specific federal operational needs. Workforce implications include providing a modern and potentially more convenient work setting for federal employees.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Potential for underutilization if specific needs change or are overestimated.
Dependence on vendor's ability to maintain service quality and security standards.

Positive Signals

Provides flexibility to scale workspace up or down as needed.
Supports a distributed workforce model by offering localized office solutions.
Leverages existing commercial real estate infrastructure, potentially reducing government overhead.

Sector Analysis

This contract falls within the commercial real estate sector, specifically focusing on nonresidential building lessors and flexible workspace solutions. The market for coworking spaces has grown significantly, driven by demand for agility and cost-effectiveness from both private companies and government agencies. GSA's use of such contracts reflects a broader trend towards utilizing commercial facilities rather than maintaining government-owned properties for all needs.

Small Business Impact

The contract was not set aside for small businesses, nor does it appear to have specific subcontracting requirements mentioned. This suggests that the primary awardee, Liquidspace, Inc., is likely a larger entity or that the scope of the work did not lend itself to a small business set-aside. Further analysis would be needed to determine if small businesses are involved as subcontractors.

Oversight & Accountability

The General Services Administration (GSA) typically has robust oversight mechanisms for its contracts, including performance monitoring and financial accountability. The Public Buildings Service (PBS) is responsible for managing federal real estate. Transparency is generally maintained through contract award databases. Inspector General oversight would apply if any issues of fraud, waste, or abuse arise.

Related Government Programs

GSA Flexible Workspace Program
Federal Real Estate Management
Coworking Space Leases

Risk Flags

Vendor performance risk
Potential for underutilization
Data security in third-party space

Frequently Asked Questions

What is this federal contract paying for?

General Services Administration awarded $20,412.28 to LIQUIDSPACE, INC.. AWARD: FLEXIBLE COWORKING SERVICES FOR FORT COLLINS, 242 LINDEN STREET AND COLORADO SPRINGS, COLORADO, 5825 EELMONICO DRIVE, SUITE 320, COLORADO SPRINGS, CO.

Who is the contractor on this award?

The obligated recipient is LIQUIDSPACE, INC..

Which agency awarded this contract?

Awarding agency: General Services Administration (Public Buildings Service).

What is the total obligated amount?

The obligated amount is $20,412.28.

What is the period of performance?

Start: 2026-03-16. End: 2027-03-16.

What is the track record of Liquidspace, Inc. in providing services to the federal government?

Liquidspace, Inc. is a provider of on-demand workspace solutions. While this specific award is from the General Services Administration (GSA), a deeper dive into federal procurement databases would be necessary to ascertain the full extent of their past performance with various federal agencies. Information regarding previous contract values, performance ratings, and any past performance issues would be crucial for a comprehensive assessment. Without this specific data, it's difficult to definitively evaluate their track record beyond this single award. However, GSA's award suggests they met initial vetting criteria for this particular requirement.

How does the cost of this coworking space compare to market rates in Colorado?

The award amount of $20,412.28 for a one-year term, covering locations in Fort Collins and Colorado Springs, provides a baseline for comparison. To benchmark effectively, one would need to compare this against prevailing market rates for similar flexible office or coworking spaces in those specific geographic areas. Factors such as the number of seats, amenities included, lease duration, and specific service level agreements would need to be matched. Given the government's purchasing power and the nature of GSA contracts, it's plausible that the negotiated rate is competitive, but a direct market analysis is required for a definitive conclusion. The modest total value suggests it might be for a smaller footprint.

What are the primary risks associated with this type of flexible workspace contract?

Key risks include potential underutilization if the government's needs fluctuate significantly or are overestimated, leading to paying for unused space. There's also a risk related to vendor performance, ensuring the coworking provider maintains adequate security, reliability, and service quality throughout the contract term. Changes in the vendor's business operations or financial stability could also pose a risk. Furthermore, ensuring compliance with federal regulations and data security standards within a third-party commercial space requires diligent oversight. The short, one-year duration mitigates some long-term risks but necessitates periodic re-evaluation.

How effective is the General Services Administration (GSA) in procuring flexible workspace solutions?

GSA's approach to procuring flexible workspace, including through mechanisms like this delivery order, reflects an adaptation to evolving work environments and a strategy to reduce the footprint of government-owned facilities. Their ability to secure competitive pricing through mechanisms like 'full and open competition' suggests a degree of effectiveness. However, the true measure of effectiveness lies in whether these spaces meet the operational needs of federal agencies efficiently and cost-effectively compared to traditional leases or government-owned space. Continuous monitoring of utilization, cost savings, and user satisfaction is key to assessing GSA's ongoing effectiveness in this area.

What is the historical spending trend for flexible coworking services by the GSA?

Analyzing historical spending trends for flexible coworking services by GSA would require accessing detailed procurement data over several fiscal years. GSA has increasingly explored flexible workspace solutions as an alternative to traditional leases, particularly in response to changing work dynamics and a desire for greater agility. Spending in this category has likely seen an increase as agencies adopt more modern workplace strategies. Comparing current spending levels to previous years would reveal the growth trajectory and GSA's commitment to this type of facility solution. This specific award represents a small component of that broader trend.

Industry Classification

NAICS: Real Estate and Rental and Leasing › Lessors of Real Estate › Lessors of Nonresidential Buildings (except Miniwarehouses)

Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › PROFESSIONAL SERVICES

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Solicitation ID: 47PD5126Q9975

Offers Received: 1

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 208 SPRUCE ST UNIT 301, KETCHUM, ID, 83340

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $20,412

Exercised Options: $20,412

Current Obligation: $20,412

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: 47PF0021D0012

IDV Type: IDC

Timeline