GSA awards $2,386 for 8" Synth Fiber Gasket, highlighting fixed price with economic adjustment

Contract Overview

Contract Amount: $2,387 ($2.4K)

Contractor: OSC Solutions Inc

Awarding Agency: General Services Administration

Start Date: 2026-04-01

End Date: 2026-04-08

Contract Duration: 7 days

Daily Burn Rate: $341/day

Competition Type: FULL AND OPEN COMPETITION

Pricing Type: FIXED PRICE WITH ECONOMIC PRICE ADJUSTMENT

Sector: Other

Official Description: GASKET,8" IPSX1/8",150#,SYNTH FIBER/NB

Place of Performance

Location: WEST PALM BEACH, PALM BEACH County, FLORIDA, 33407

State: Florida Government Spending

Plain-Language Summary

General Services Administration obligated $2,386.7 to OSC SOLUTIONS INC for work described as: GASKET,8" IPSX1/8",150#,SYNTH FIBER/NB Key points: 1. Contract value is modest at $2,386. 2. OSC SOLUTIONS INC is the awardee. 3. Competition was full and open. 4. The sector is Hardware Manufacturing (NAICS 332510).

Value Assessment

Rating: fair

The contract value is low, making direct comparison difficult. The fixed price with economic adjustment suggests potential for cost fluctuations over the short 7-day duration.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

Full and open competition was utilized, indicating a competitive bidding process. This method generally promotes price discovery and potentially better pricing for the government.

Taxpayer Impact: The taxpayer impact is minimal due to the low contract value.

Public Impact

Ensures availability of essential hardware components for government operations. Supports the Hardware Manufacturing sector through procurement. Utilizes a standard contract type that allows for market-based price adjustments.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Short contract duration may limit long-term price stability.
Economic price adjustment introduces potential for cost increases.

Positive Signals

Full and open competition promotes market fairness.
Clear product specification (8" IPSX1/8", 150#, SYNTH FIBER/NB).

Sector Analysis

The Hardware Manufacturing sector (NAICS 332510) encompasses the production of various metal and non-metal hardware. Spending in this sector is typically driven by infrastructure, maintenance, and operational needs across government agencies.

Small Business Impact

The contract was awarded to OSC SOLUTIONS INC. Information regarding whether this is a small business is not provided, and the contract does not appear to be set aside for small businesses.

Oversight & Accountability

The General Services Administration (GSA) through its Federal Acquisition Service manages this contract. Oversight would involve ensuring adherence to the BPA Call terms and the economic price adjustment clause.

Related Government Programs

Hardware Manufacturing
General Services Administration Contracting
Federal Acquisition Service Programs

Risk Flags

Economic price adjustment may increase final cost.
Short contract duration limits long-term price predictability.
Lack of small business participation noted.
Specific gasket details are crucial for accurate benchmarking.

Frequently Asked Questions

What is this federal contract paying for?

General Services Administration awarded $2,386.7 to OSC SOLUTIONS INC. GASKET,8" IPSX1/8",150#,SYNTH FIBER/NB

Who is the contractor on this award?

The obligated recipient is OSC SOLUTIONS INC.

Which agency awarded this contract?

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

What is the total obligated amount?

The obligated amount is $2,386.7.

What is the period of performance?

Start: 2026-04-01. End: 2026-04-08.

What is the typical price range for this specific gasket type under similar contract conditions?

Without access to historical data or a broader market analysis for this specific gasket (8" IPSX1/8", 150#, SYNTH FIBER/NB), it's challenging to establish a precise typical price range. However, given the low contract value and fixed price with economic adjustment, the benchmark would likely be within a few hundred dollars, subject to the economic adjustment clause's parameters.

What are the potential risks associated with the economic price adjustment clause in this short-term contract?

The primary risk of the economic price adjustment (EPA) clause in this short-term contract is that unforeseen market fluctuations in raw material costs or labor could lead to an increase in the final price paid by the government, even within the brief 7-day period. This could result in spending more than initially budgeted if the adjustment is significant.

How effectively does full and open competition ensure value for money on such low-value, specialized hardware procurements?

Full and open competition generally promotes value for money by allowing multiple vendors to bid, fostering price reductions. For low-value, specialized items like this gasket, its effectiveness depends on the number of qualified suppliers. If the market is limited, competition might be less intense, but it still provides a baseline for price discovery and prevents sole-source awards.

Industry Classification

NAICS: Manufacturing › Hardware Manufacturing › Hardware Manufacturing

Product/Service Code: HARDWARE AND ABRASIVES

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Pricing Type: FIXED PRICE WITH ECONOMIC PRICE ADJUSTMENT (K)

Evaluated Preference: NONE

Contractor Details

Address: 1100 NORTHPOINT PKWY, WEST PALM BEACH, FL, 33407

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

Financial Breakdown

Contract Ceiling: $2,387

Exercised Options: $2,387

Current Obligation: $2,387

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: 47QSCC21A0002

IDV Type: BPA

Timeline