GSA awards $3,140 for 100 Stainless Steel Bolts, highlighting hardware manufacturing costs

Contract Overview

Contract Amount: $3,140 ($3.1K)

Contractor: OSC Solutions Inc

Awarding Agency: General Services Administration

Start Date: 2026-04-02

End Date: 2026-04-09

Contract Duration: 7 days

Daily Burn Rate: $449/day

Competition Type: FULL AND OPEN COMPETITION

Pricing Type: FIXED PRICE WITH ECONOMIC PRICE ADJUSTMENT

Sector: Other

Official Description: BOLT HHC 1/2-13 X 1-3/4IN 316SS BX100

Place of Performance

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

State: Florida Government Spending

Plain-Language Summary

General Services Administration obligated $3,140.12 to OSC SOLUTIONS INC for work described as: BOLT HHC 1/2-13 X 1-3/4IN 316SS BX100 Key points: 1. The contract for 100 stainless steel bolts is valued at $3,140.12. 2. OSC Solutions Inc. secured the award under a BPA Call. 3. The hardware manufacturing sector is characterized by competitive pricing and material cost fluctuations. 4. Risk is moderate, primarily related to material price volatility and supply chain disruptions.

Value Assessment

Rating: fair

The per-unit cost of approximately $31.40 for a single bolt appears high when compared to typical retail or bulk industrial pricing for standard fasteners. Further benchmarking against similar government contracts for comparable hardware is recommended.

Cost Per Unit: $31.40

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition via a BPA Call, suggesting a competitive bidding process. However, the high per-unit cost warrants scrutiny to ensure effective price discovery.

Taxpayer Impact: Taxpayer funds are utilized for this procurement. The high unit price may represent an inefficient use of funds if not justified by specific contract requirements or market conditions.

Public Impact

Procurement of essential hardware components for government operations. Potential impact on agencies relying on these specific fasteners. Highlights the importance of competitive bidding in the hardware sector.

Waste & Efficiency Indicators

Waste Risk Score: 100 / 10

Warning Flags

High per-unit cost
Potential for price escalation due to economic price adjustment
Limited contract duration

Positive Signals

Awarded under full and open competition
Utilizes a BPA Call for efficient ordering

Sector Analysis

The hardware manufacturing sector involves the production of various metal and plastic components. Spending benchmarks vary widely based on material, complexity, and volume. This specific procurement falls under NAICS 332510.

Small Business Impact

There is no indication that small businesses were specifically targeted or excluded in this procurement. Further analysis would be needed to determine the participation of small businesses in the overall BPA.

Oversight & Accountability

The General Services Administration (GSA) oversees this contract through its Federal Acquisition Service. Oversight focuses on ensuring fair and competitive pricing and adherence to contract terms.

Related Government Programs

Hardware Manufacturing
General Services Administration Contracting
Federal Acquisition Service Programs

Risk Flags

High unit cost compared to market benchmarks
Potential for cost increases due to EPA
Limited contract duration may not reflect long-term needs
Lack of detailed justification for pricing

Frequently Asked Questions

What is this federal contract paying for?

General Services Administration awarded $3,140.12 to OSC SOLUTIONS INC. BOLT HHC 1/2-13 X 1-3/4IN 316SS BX100

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 $3,140.12.

What is the period of performance?

Start: 2026-04-02. End: 2026-04-09.

What specific factors justify the high per-unit cost for these stainless steel bolts?

The high per-unit cost may be attributed to factors such as the specific grade of stainless steel (316SS), specialized manufacturing processes, small order quantities, or the inclusion of economic price adjustment clauses that buffer against market volatility. Without detailed specifications or market research data, it is difficult to definitively justify this price point.

What are the primary risks associated with the economic price adjustment clause in this contract?

The primary risk of an economic price adjustment (EPA) clause is potential cost overruns for the government if market prices for raw materials or labor increase significantly during the contract period. This can lead to unpredictable spending and potentially higher-than-budgeted expenditures, impacting overall fiscal planning.

How effective is the BPA Call mechanism in ensuring value for money in this hardware procurement?

BPA Calls can be effective for streamlining repetitive purchases and achieving volume discounts if the underlying BPA was competitively established. However, the effectiveness in ensuring value for money for this specific call depends on the competitive pricing within the BPA itself and whether the call's terms allowed for sufficient price discovery against market rates.

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: $3,140

Exercised Options: $3,140

Current Obligation: $3,140

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: 47QSCC21A0002

IDV Type: BPA

Timeline