GSA awards $2.9M for Lincoln R6 vehicle auction services to Lincoln Auto Auctions, Ltd

Contract Overview

Contract Amount: $294,489 ($294.5K)

Contractor: Lincoln Auto Auctions, Ltd.

Awarding Agency: General Services Administration

Start Date: 2025-07-01

End Date: 2026-04-07

Contract Duration: 280 days

Daily Burn Rate: $1.1K/day

Competition Type: FULL AND OPEN COMPETITION

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: AUCTION/SALES FUNDING FOR LINCOLN R6

Place of Performance

Location: WAVERLY, LANCASTER County, NEBRASKA, 68462

State: Nebraska Government Spending

Plain-Language Summary

General Services Administration obligated $294,488.67 to LINCOLN AUTO AUCTIONS, LTD. for work described as: AUCTION/SALES FUNDING FOR LINCOLN R6 Key points: 1. Spending focuses on vehicle auction services, a niche but essential government function. 2. Competition was full and open, suggesting a competitive market for these services. 3. The contract duration is 280 days, indicating a short-term need. 4. The award amount is $2,944,886.70. 5. The contract is for wholesale trade agents and brokers.

Value Assessment

Rating: fair

The contract's firm fixed price structure provides cost certainty. Benchmarking against similar vehicle auction contracts is needed to fully assess value.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

Full and open competition was utilized, allowing multiple bidders to participate. This method generally promotes price discovery and competitive pricing.

Taxpayer Impact: Taxpayer funds are used for vehicle disposal services, aiming for efficient asset recovery.

Public Impact

Facilitates government vehicle disposal, potentially recouping funds through auction sales. Supports the Federal Acquisition Service's mission to provide efficient procurement solutions. Ensures compliance with federal regulations for asset disposition. The specific services provided are wholesale trade agent and broker activities for vehicles.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Lack of specific performance metrics in provided data.
Potential for fluctuating market prices impacting final sale value.
Limited contract duration may require re-competition soon.

Positive Signals

Full and open competition utilized.
Firm fixed price contract type.
Services support efficient government operations.

Sector Analysis

The contract falls under wholesale trade agents and brokers, specifically for vehicle auctions. Government spending in this sector aims to efficiently dispose of surplus assets.

Small Business Impact

The data indicates this contract was not awarded to a small business. Further analysis would be needed to determine if small businesses had an opportunity to compete.

Oversight & Accountability

The General Services Administration (GSA) oversees this contract through its Federal Acquisition Service. Standard procurement oversight processes should apply.

Related Government Programs

Wholesale Trade Agents and Brokers
General Services Administration Contracting
Federal Acquisition Service Programs

Risk Flags

Potential for below-market sale prices.
Contract duration is relatively short.
No specific performance metrics provided.
Limited visibility into small business participation.

Frequently Asked Questions

What is this federal contract paying for?

General Services Administration awarded $294,488.67 to LINCOLN AUTO AUCTIONS, LTD.. AUCTION/SALES FUNDING FOR LINCOLN R6

Who is the contractor on this award?

The obligated recipient is LINCOLN AUTO AUCTIONS, LTD..

Which agency awarded this contract?

Awarding agency: General Services Administration (Federal Acquisition Service).

What is the total obligated amount?

The obligated amount is $294,488.67.

What is the period of performance?

Start: 2025-07-01. End: 2026-04-07.

What is the expected return on investment or revenue generated for the government through these vehicle auctions?

The provided data does not specify the expected revenue or return on investment. The contract is for auction services, and the actual funds recouped depend on market demand and the condition of the vehicles auctioned. GSA's role is to facilitate the sale, with the ultimate financial outcome tied to the auction's success.

What are the key performance indicators (KPIs) for Lincoln Auto Auctions, Ltd. under this contract?

Key performance indicators are not detailed in the provided data. Typically, for auction services, KPIs might include auction completion rates, average sale price relative to market value, processing time per vehicle, and bidder satisfaction. These would be crucial for assessing the contractor's effectiveness.

How does the firm fixed price structure ensure cost-effectiveness for the government, given the variable nature of auction sales?

The firm fixed price applies to the auction services fee, not the sale price of the vehicles. This ensures the government knows the cost of the service upfront. The variable nature of auction sales is managed by the competitive bidding process and market dynamics, which the auctioneer facilitates.

Industry Classification

NAICS: Wholesale Trade › Wholesale Trade Agents and Brokers › Wholesale Trade Agents and Brokers

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

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 11909 HWY 6, WAVERLY, NE, 68462

Business Categories: Category Business, Small Business, Special Designations, Subchapter S Corporation, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $294,489

Exercised Options: $294,489

Current Obligation: $294,489

Contract Characteristics

Multi-Year Contract: Yes

Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: 47QMCA20D001M

IDV Type: IDC

Timeline