GIGA, INC. Secures $4.6M Contract for 36-Inch Steel Bolt Cutters Under Full and Open Competition

Contract Overview

Contract Amount: $4,599 ($4.6K)

Contractor: Giga, Inc.

Awarding Agency: General Services Administration

Start Date: 2026-04-08

End Date: 2026-04-13

Contract Duration: 5 days

Daily Burn Rate: $920/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 22

Pricing Type: FIXED PRICE WITH ECONOMIC PRICE ADJUSTMENT

Sector: Other

Official Description: CUTTER, BOLT: IAW CID A-A-3047, DATED NOVEMBER 6 1996, AND NOTICE 2, DATED NOVEMBER 30, 2001. CLASS 1: ANGULAR CUT (FLUSH CUTTING) OVERALL LENGTH: 36 INCHES CUTTING CAPACITY: 9/16 INCH MATERIAL: STEEL FEATURES: RUBBER HAND GRIPS; REPLACEABLE JAWS (PA

Place of Performance

Location: MACON, BIBB County, GEORGIA, 31216

State: Georgia Government Spending

Plain-Language Summary

General Services Administration obligated $4,598.83 to GIGA, INC. for work described as: CUTTER, BOLT: IAW CID A-A-3047, DATED NOVEMBER 6 1996, AND NOTICE 2, DATED NOVEMBER 30, 2001. CLASS 1: ANGULAR CUT (FLUSH CUTTING) OVERALL LENGTH: 36 INCHES CUTTING CAPACITY: 9/16 INCH MATERIAL: STEEL FEATURES: RUBBER HAND GRIPS; REPLACEABLE JAWS (PA Key points: 1. The contract is for industrial supplies, specifically bolt cutters, with a total value of $4,598.83. 2. GIGA, INC. is the contractor, and the contract was awarded by the General Services Administration (GSA). 3. The procurement method was 'Full and Open Competition', indicating a competitive bidding process. 4. The contract has a short duration, with an effective date of April 8, 2026, and an expiration date of April 13, 2026.

Value Assessment

Rating: fair

The contract is for a specific industrial supply item. Without detailed specifications on performance or material quality beyond the provided description, a direct pricing comparison to similar contracts is difficult. However, the fixed price with economic price adjustment suggests an attempt to manage cost fluctuations.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under 'Full and Open Competition', suggesting multiple bidders were allowed to submit proposals. This method generally promotes price discovery and competitive pricing, although the specific details of the bidding process are not provided.

Taxpayer Impact: The use of full and open competition is generally beneficial for taxpayers as it aims to secure the best possible prices through market forces.

Public Impact

Ensures availability of essential industrial tools for government operations. Supports the industrial supplies sector through government procurement. The short duration may indicate a need for immediate or specific project-based supply.

Waste & Efficiency Indicators

Waste Risk Score: 92 / 10

Warning Flags

Short contract duration raises questions about long-term supply needs.
Lack of detailed performance specifications makes value assessment challenging.

Positive Signals

Awarded under full and open competition.
Contractor has a history of supplying industrial goods.
Fixed price with economic price adjustment can offer some cost stability.

Sector Analysis

This contract falls under the Industrial Supplies Merchant Wholesalers sector. Spending in this sector is driven by the operational needs of various government agencies requiring tools, hardware, and maintenance supplies. Benchmarks would typically compare pricing for similar industrial equipment across different agencies and contract types.

Small Business Impact

The data indicates that small business participation was not a specific consideration for this contract (ss: false, sb: false). Further analysis would be needed to determine if GIGA, INC. is a small business or if opportunities were missed for small business set-asides.

Oversight & Accountability

The contract was awarded by the General Services Administration (GSA), which is responsible for managing federal procurement. Oversight would involve ensuring compliance with contract terms, delivery schedules, and pricing agreements.

Related Government Programs

Industrial Supplies Merchant Wholesalers
General Services Administration Contracting
Federal Acquisition Service Programs

Risk Flags

Short contract duration (5 days) may indicate an urgent, one-time need or inefficient planning.
Lack of detailed performance specifications hinders comprehensive value assessment.
Economic Price Adjustment (EPA) clause requires careful monitoring to prevent cost overruns.
No explicit mention of small business participation or set-aside.

Frequently Asked Questions

What is this federal contract paying for?

General Services Administration awarded $4,598.83 to GIGA, INC.. CUTTER, BOLT: IAW CID A-A-3047, DATED NOVEMBER 6 1996, AND NOTICE 2, DATED NOVEMBER 30, 2001. CLASS 1: ANGULAR CUT (FLUSH CUTTING) OVERALL LENGTH: 36 INCHES CUTTING CAPACITY: 9/16 INCH MATERIAL: STEEL FEATURES: RUBBER HAND GRIPS; REPLACEABLE JAWS (PA

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 $4,598.83.

What is the period of performance?

Start: 2026-04-08. End: 2026-04-13.

What is the specific justification for the economic price adjustment clause in this contract, and how will it be monitored to protect taxpayer funds?

The economic price adjustment (EPA) clause is typically included to account for fluctuations in the cost of raw materials or labor. For this contract, the specific index or formula for adjustment is not detailed. GSA oversight would involve verifying that any price increases are directly tied to the agreed-upon EPA mechanism and are supported by documented cost changes, ensuring that taxpayer funds are protected against unjustified price hikes.

Given the short duration of the contract (5 days), what is the strategic rationale behind this procurement, and does it align with broader federal supply chain management goals?

The extremely short duration suggests this contract may be for an immediate, urgent need or a very specific, short-term project requirement. It raises questions about whether this is a tactical purchase rather than a strategic sourcing effort. Understanding the underlying requirement would clarify if this aligns with efficient supply chain management or if a longer-term, potentially more cost-effective contract could have been established.

How does the pricing of these bolt cutters compare to market rates for similar industrial supplies, considering the 'Full and Open Competition' award?

While 'Full and Open Competition' aims for competitive pricing, the provided data lacks specific details to benchmark the unit price effectively. A thorough analysis would require comparing the awarded price against GSA Advantage! or other government contract vehicles for identical or comparable bolt cutters, factoring in quantity, quality specifications, and any economic price adjustments. Without this, it's difficult to definitively assess if the price achieved represents optimal value.

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: $4,599

Exercised Options: $4,599

Current Obligation: $4,599

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: 47QSHA21A0003

IDV Type: BPA

Timeline