GSA awards $8,890 for Wright Tool Company screwdriver bits under full and open competition

Contract Overview

Contract Amount: $8,890 ($8.9K)

Contractor: Wright Tool Company, LLC

Awarding Agency: General Services Administration

Start Date: 2026-01-29

End Date: 2026-02-07

Contract Duration: 9 days

Daily Burn Rate: $988/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 22

Pricing Type: FIXED PRICE WITH ECONOMIC PRICE ADJUSTMENT

Sector: IT

Official Description: BIT, SCREWDRIVER: SCREWDRIVER BIT (HEX) TIP SZ: 7/32 INCH WIDTH OVERALL LENGTH: 4-13/64 INCHES HEX SHANK WIDTH: 3/8 INCH MATERIAL: STEEL COATING: OXIDE FEATURES: MANUAL TOOL (EXCEPTIONS APPLY) (PARTIAL DESCRIPTION)

Place of Performance

Location: WARREN, MACOMB County, MICHIGAN, 48091

State: Michigan Government Spending

Plain-Language Summary

General Services Administration obligated $8,889.99 to WRIGHT TOOL COMPANY, LLC for work described as: BIT, SCREWDRIVER: SCREWDRIVER BIT (HEX) TIP SZ: 7/32 INCH WIDTH OVERALL LENGTH: 4-13/64 INCHES HEX SHANK WIDTH: 3/8 INCH MATERIAL: STEEL COATING: OXIDE FEATURES: MANUAL TOOL (EXCEPTIONS APPLY) (PARTIAL DESCRIPTION) Key points: 1. Spending on screwdriver bits is relatively low, indicating a niche requirement. 2. Wright Tool Company is a known supplier in the hardware sector. 3. Potential risk of overpaying for common hardware items if not benchmarked. 4. The IT hardware sector is broad; this is a specific component.

Value Assessment

Rating: fair

The price of $8,890 for 22 units of screwdriver bits appears high on a per-unit basis. Without specific volume discounts or specialized features, this pricing warrants further investigation against market rates for similar tools.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

Full and open competition was utilized, which is positive for price discovery. However, the impact on price is unclear without knowing the number of bids received and the specific pricing strategies employed by the awarded vendor.

Taxpayer Impact: The taxpayer impact is likely minimal given the relatively small contract value, but ensuring competitive pricing on all hardware purchases is crucial for overall fiscal responsibility.

Public Impact

Procurement of common tools impacts various government agencies needing maintenance and repair supplies. Ensures availability of necessary equipment for federal maintenance and operational tasks. Transparency in hardware procurement helps maintain public trust in government spending. Supports the supply chain for essential hardware, potentially including small businesses as subcontractors.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

High per-unit cost for common hardware
Limited detail on specific features justifying cost

Positive Signals

Full and open competition utilized
Established vendor with known supply chain

Sector Analysis

This purchase falls under general hardware procurement, often associated with facilities maintenance and IT support. Benchmarks for such items are typically based on wholesale pricing and volume discounts, which may not be fully reflected here.

Small Business Impact

The data indicates the primary awardee is Wright Tool Company, LLC. There is no explicit mention of small business participation in this specific contract, nor is the awardee identified as a small business. Further analysis would be needed to determine if small businesses were involved in the supply chain or as competitors.

Oversight & Accountability

The General Services Administration (GSA) and Federal Acquisition Service (FAS) are responsible for this procurement. Oversight typically involves ensuring compliance with acquisition regulations, fair competition, and appropriate pricing, managed through established contracting vehicles like BPAs.

Related Government Programs

Hardware Merchant Wholesalers
General Services Administration Contracting
Federal Acquisition Service Programs

Risk Flags

Potential for overpayment on common hardware
Lack of detailed justification for per-unit cost
Economic price adjustment clause introduces cost uncertainty
Limited information on small business participation

Frequently Asked Questions

What is this federal contract paying for?

General Services Administration awarded $8,889.99 to WRIGHT TOOL COMPANY, LLC. BIT, SCREWDRIVER: SCREWDRIVER BIT (HEX) TIP SZ: 7/32 INCH WIDTH OVERALL LENGTH: 4-13/64 INCHES HEX SHANK WIDTH: 3/8 INCH MATERIAL: STEEL COATING: OXIDE FEATURES: MANUAL TOOL (EXCEPTIONS APPLY) (PARTIAL DESCRIPTION)

Who is the contractor on this award?

The obligated recipient is WRIGHT TOOL COMPANY, LLC.

Which agency awarded this contract?

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

What is the total obligated amount?

The obligated amount is $8,889.99.

What is the period of performance?

Start: 2026-01-29. End: 2026-02-07.

What is the expected usage volume and frequency for these screwdriver bits to justify the contract value?

The contract value of $8,890 for 22 units suggests a high per-unit cost. Understanding the intended application, such as specialized equipment maintenance or a large number of users requiring specific bit types, is crucial. Without this context, it's difficult to assess if the quantity and price align with actual operational needs and typical hardware lifecycles.

Are there any unique material or design specifications that differentiate these screwdriver bits from standard retail options?

The description lists 'STEEL MATERIAL' with 'OXIDE COATING' and standard dimensions. While 'MANUAL TOOL' is noted, there's no indication of specialized alloys, ergonomic designs, or unique tip geometries that would typically command a premium price. Further details on material grade or manufacturing process would be needed to justify a cost significantly above market rates for common hardware.

How does the 'FIXED PRICE WITH ECONOMIC PRICE ADJUSTMENT' clause impact the final cost and taxpayer exposure?

This clause allows for price adjustments based on economic factors, typically inflation or material cost fluctuations. While it can protect contractors from unforeseen cost increases, it also introduces uncertainty for the government regarding the final expenditure. The impact on taxpayers depends on the specific index used for adjustment and the volatility of the relevant economic indicators during the contract period.

Industry Classification

NAICS: Wholesale Trade › Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers › Hardware Merchant Wholesalers

Product/Service Code: HAND TOOLS

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Offers Received: 22

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

Evaluated Preference: NONE

Contractor Details

Parent Company: Federal Resources Supply Company LLC

Address: 24680 MOUND RD, WARREN, MI, 48091

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

Financial Breakdown

Contract Ceiling: $8,890

Exercised Options: $8,890

Current Obligation: $8,890

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: 47QSHA21A000D

IDV Type: BPA

Timeline