GSA Awards $4.7M for 19 Industrial Supplies via Full and Open Competition
Contract Overview
Contract Amount: $4,708 ($4.7K)
Contractor: Giga, Inc.
Awarding Agency: General Services Administration
Start Date: 2026-04-01
End Date: 2026-04-09
Contract Duration: 8 days
Daily Burn Rate: $589/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 22
Pricing Type: FIXED PRICE WITH ECONOMIC PRICE ADJUSTMENT
Sector: Other
Official Description: TOOL QUANTITY : 19
Place of Performance
Location: MACON, BIBB County, GEORGIA, 31216
State: Georgia Government Spending
Plain-Language Summary
General Services Administration obligated $4,708.23 to GIGA, INC. for work described as: TOOL QUANTITY : 19 Key points: 1. Spending of $4.7M on industrial supplies. 2. Competition was full and open, indicating market availability. 3. Contract awarded to GIGA, INC. 4. Potential risk associated with fixed-price with economic price adjustment contracts.
Value Assessment
Rating: fair
The contract value of $4.7M for 19 units appears high on a per-unit basis. Benchmarking against similar industrial supply contracts is needed to assess if the pricing is competitive.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
Full and open competition was utilized, suggesting a robust market for these industrial supplies. This method generally promotes competitive pricing and allows for a broad range of potential offerors.
Taxpayer Impact: The use of full and open competition is generally beneficial for taxpayers as it aims to secure the best value through market forces.
Public Impact
Taxpayers benefit from a competitive bidding process for essential industrial supplies. The contract duration and potential for economic price adjustments warrant monitoring. Ensuring the quality and necessity of the 19 units purchased is crucial.
Waste & Efficiency Indicators
Waste Risk Score: 100 / 10
Warning Flags
- Economic price adjustment clause may lead to cost overruns.
- Lack of specific item details makes value assessment difficult.
- Limited quantity (19 units) for a significant dollar amount.
Positive Signals
- Full and open competition utilized.
- Contract awarded by a reputable agency (GSA).
Sector Analysis
Industrial supplies are critical for various government operations. Spending benchmarks for such items can vary widely based on specific product types and quantities. This contract's value should be compared to similar procurements within the 'Industrial Supplies Merchant Wholesalers' category.
Small Business Impact
The data does not indicate whether small businesses participated in or benefited from this contract award. Further analysis would be needed to determine small business inclusion.
Oversight & Accountability
The General Services Administration (GSA) is responsible for this procurement. Oversight should focus on the justification for the fixed-price with economic price adjustment structure and the final unit costs.
Related Government Programs
- Industrial Supplies Merchant Wholesalers
- General Services Administration Contracting
- Federal Acquisition Service Programs
Risk Flags
- Potential for cost escalation due to EPA.
- Lack of transparency on specific items procured.
- High unit cost implied by total value and quantity.
- Limited quantity may indicate a specialized or high-value item, requiring further justification.
Tags
industrial-supplies-merchant-wholesalers, general-services-administration, ga, bpa-call, under-100k
Frequently Asked Questions
What is this federal contract paying for?
General Services Administration awarded $4,708.23 to GIGA, INC.. TOOL QUANTITY : 19
Who is the contractor on this award?
The obligated recipient is GIGA, INC..
Which agency awarded this contract?
Awarding agency: General Services Administration (Federal Acquisition Service).
What is the total obligated amount?
The obligated amount is $4,708.23.
What is the period of performance?
Start: 2026-04-01. End: 2026-04-09.
What is the specific nature of the 19 industrial supplies being procured, and how does their unit cost compare to market rates?
The provided data lacks specific details on the industrial supplies. Without knowing the exact items, a precise unit cost comparison to market rates is impossible. However, a $4.7M total for 19 items suggests a very high per-unit cost, necessitating a thorough review of the item specifications and justification for the pricing.
What are the potential risks associated with the 'FIXED PRICE WITH ECONOMIC PRICE ADJUSTMENT' contract type for these industrial supplies?
The primary risk of an 'Economic Price Adjustment' (EPA) clause is that the final cost to the government could exceed the initial fixed price, especially if market prices for the underlying commodities or labor increase significantly. This can lead to budget uncertainty and potentially higher-than-anticipated taxpayer expense.
How effectively does the 'FULL AND OPEN COMPETITION' strategy ensure value for money in this specific procurement?
Full and open competition is designed to maximize value by encouraging multiple bids. Its effectiveness here depends on whether a sufficient number of qualified vendors participated and submitted competitive offers. The high total value for a small quantity raises questions about whether the competition truly drove down costs to the lowest possible point.
Industry Classification
NAICS: Wholesale Trade › Machinery, Equipment, and Supplies Merchant Wholesalers › Industrial Supplies 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
Address: 2448 INDUSTRIAL PARK DR, MACON, GA, 31216
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $4,708
Exercised Options: $4,708
Current Obligation: $4,708
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: 47QSHA21A0003
IDV Type: BPA
Timeline
Start Date: 2026-04-01
Current End Date: 2026-04-09
Potential End Date: 2026-04-09 00:00:00
Last Modified: 2026-04-02
More Contracts from Giga, Inc.
- Intrenching Tool, Hand:entrenching Shovel W/Closed END Handgrip Open Length: 23-1/4 Inches (+/-1/4 Inch) Closed Length:9-3/8 Inches (+/- 1/8 Inch) Blade: 8-7/16 Inchesx 6 Inches With 3-3/4inches Serration on Oneedgeweight: 38 Ounces (+/-1ounce) Mater — $67.5K (General Services Administration)
- Grinder, Pneumatic, Horizontal: - SEE Attached Document for Detail — $44.2K (General Services Administration)
- MO - Loess Bluffs NWR - Skid Winch Unit (brand Name or Equal) — $24.8K (Department of the Interior)
- MO Loess Bluffs NWR Skid Winch Unit (dyno Tune PWS30 Brand Name or Equal) — $24.8K (Department of the Interior)
- Wrench, Open END: IAW Asme B107.100-2020, Flat Wrenches. CAT 6 Wrench,BOX Formerly 1B107.6-1 CAT 8 Adjustable Wrenches Formerly 1B107.8 CAT 9 BOX Wrenches, Double Headformerly 1B107.9 CAT 21wrench, Crowfoot Formerly1b107.21 CAT 39 Open Endwrenches, D — $20.0K (General Services Administration)
Other General Services Administration Contracts
- Software Life Cycle Development — $1.4B (Science Applications International Corporation)
- Task Order (TO) 47qfca21f0018 IS Hereby Awarded to Booz Allen Hamilton, Inc. (BAH) to Provide Enterprise Level Data to the Ousd(c), and ITS Strategic Partners (I.E., DOD Fourth Estate, DOD Departments, and IC Community) — $1.4B (Booz Allen Hamilton Inc)
- Federal Contract — $1.2B (Booz Allen Hamilton Inc)
- THE Scope of the to IS to Provide Enterprise IT Services for the Usace — $1.1B (Science Applications International Corporation)
- Task Order Award — $1.1B (Booz Allen Hamilton Inc)