GSA awards $4,758 for 1QT FAST DRY CURE PAINT, with fixed price adjustment

Contract Overview

Contract Amount: $4,758 ($4.8K)

Contractor: OSC Solutions Inc

Awarding Agency: General Services Administration

Start Date: 2026-04-10

End Date: 2026-04-17

Contract Duration: 7 days

Daily Burn Rate: $680/day

Competition Type: FULL AND OPEN COMPETITION

Pricing Type: FIXED PRICE WITH ECONOMIC PRICE ADJUSTMENT

Sector: Other

Official Description: PAINT PSX 700 FAST DRY CURE US 1QT

Place of Performance

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

State: Florida Government Spending

Plain-Language Summary

General Services Administration obligated $4,758.24 to OSC SOLUTIONS INC for work described as: PAINT PSX 700 FAST DRY CURE US 1QT Key points: 1. Spending on paint is relatively low, but the specific type and quantity are key. 2. Competition was full and open, suggesting a competitive price discovery process. 3. Risk is moderate due to fixed price with economic adjustment, potentially increasing costs. 4. The hardware manufacturing sector is broad; specific paint applications matter for context.

Value Assessment

Rating: good

The price of $4,758.24 for 1QT of specialized paint appears reasonable given the fixed price with economic adjustment clause. Benchmarking against similar specialized coatings would provide a more precise assessment.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

Full and open competition was utilized, indicating multiple vendors had the opportunity to bid. This method generally leads to better price discovery and potentially lower costs for the government.

Taxpayer Impact: The competitive nature of the award is positive for taxpayers, as it likely resulted in a fair market price for the paint.

Public Impact

Ensures availability of specialized paint for government facilities. Supports the hardware manufacturing sector through procurement. Potential for cost fluctuations due to economic price adjustment.

Waste & Efficiency Indicators

Waste Risk Score: 68 / 10

Warning Flags

Economic price adjustment clause could increase final cost.
Small business participation not indicated.

Positive Signals

Full and open competition awarded.
Clear contract end date.

Sector Analysis

This procurement falls under hardware manufacturing, specifically specialized coatings. Spending benchmarks for such niche items are difficult to establish without more detail on the paint's specific properties and intended use.

Small Business Impact

The data does not indicate whether small businesses participated in this contract. Further analysis would be needed to determine the extent of small business involvement.

Oversight & Accountability

The General Services Administration (GSA) managed this procurement through its Federal Acquisition Service, utilizing a BPA Call. Oversight is standard for GSA contracts.

Related Government Programs

Hardware Manufacturing
General Services Administration Contracting
Federal Acquisition Service Programs

Risk Flags

Economic Price Adjustment (EPA) risk.
Lack of detailed product specification.
Potential for limited vendor pool for specialized paint.

Frequently Asked Questions

What is this federal contract paying for?

General Services Administration awarded $4,758.24 to OSC SOLUTIONS INC. PAINT PSX 700 FAST DRY CURE US 1QT

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 $4,758.24.

What is the period of performance?

Start: 2026-04-10. End: 2026-04-17.

What is the specific application and required performance of this 'FAST DRY CURE' paint to justify its cost?

The specific application and performance requirements of the 'FAST DRY CURE' paint are crucial for a thorough value assessment. Without this information, it's difficult to determine if the price is truly competitive or if the specialized nature warrants the cost. Understanding the intended use (e.g., high-traffic areas, specific environmental resistance) would clarify its value proposition.

What is the potential impact of the economic price adjustment on the total contract cost?

The economic price adjustment (EPA) clause introduces uncertainty regarding the final cost. Depending on market fluctuations for raw materials and labor, the EPA could significantly increase the total expenditure beyond the initial $4,758.24. Monitoring the EPA's application and its impact on the overall budget is essential for fiscal control.

How effective was the full and open competition in achieving the best possible price for this specialized paint?

Full and open competition is generally effective in driving competitive pricing. However, the effectiveness for this specific contract depends on the number and capability of bidders for this niche product. If only a few vendors could meet the specifications, the competition might have been less robust, potentially impacting the final price achieved.

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: $4,758

Exercised Options: $4,758

Current Obligation: $4,758

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: 47QSCC21A0002

IDV Type: BPA

Timeline