GSA's $8,163 Multi-Tool Contract Awarded to Wright Tool Company Under Full and Open Competition

Contract Overview

Contract Amount: $8,164 ($8.2K)

Contractor: Wright Tool Company, LLC

Awarding Agency: General Services Administration

Start Date: 2026-04-10

End Date: 2026-04-18

Contract Duration: 8 days

Daily Burn Rate: $1.0K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 22

Pricing Type: FIXED PRICE WITH ECONOMIC PRICE ADJUSTMENT

Sector: Other

Official Description: MULTI TOOL, FOLDING, POCKET: - SEE ATTACHED DOCUMENT FOR DETAIL.

Place of Performance

Location: WARREN, MACOMB County, MICHIGAN, 48091

State: Michigan Government Spending

Plain-Language Summary

General Services Administration obligated $8,163.67 to WRIGHT TOOL COMPANY, LLC for work described as: MULTI TOOL, FOLDING, POCKET: - SEE ATTACHED DOCUMENT FOR DETAIL. Key points: 1. Value for money appears reasonable given the fixed-price structure with economic price adjustments. 2. Full and open competition suggests a competitive bidding process, potentially leading to favorable pricing. 3. The contract duration of 8 months with a BPA Call award indicates a need for readily available tools. 4. The specific product is a multi-tool, suggesting a broad utility across various federal agencies. 5. The award to Wright Tool Company, LLC, is within the hardware wholesale sector. 6. The contract is a BPA Call, indicating it's a call-off from a larger Blanket Purchase Agreement.

Value Assessment

Rating: good

The contract value of $8,163.67 for a multi-tool is difficult to benchmark without specific product details. However, the fixed-price with economic price adjustment (EPA) structure is standard for such procurements, allowing for cost fluctuations. The award under a BPA Call suggests that pricing was likely established during the initial BPA competition, which is expected to be competitive. Further analysis would require comparing the unit price of the multi-tool to similar offerings in the market.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

This contract was awarded under full and open competition, indicating that all responsible sources were permitted to submit a bid. The number of bidders is not specified, but the competition level suggests that the General Services Administration (GSA) sought to maximize price discovery and obtain the best value. This approach generally leads to more competitive pricing compared to sole-source or limited competition scenarios.

Taxpayer Impact: Full and open competition ensures that taxpayer dollars are used efficiently by fostering a competitive environment that drives down prices for essential goods like multi-tools.

Public Impact

Federal agencies requiring multi-functional tools for maintenance, repair, and operational tasks will benefit from this contract. The contract provides essential hardware, likely supporting a wide range of government operations. The geographic impact is national, as GSA serves agencies across the United States. Workforce implications include ensuring that federal employees have the necessary tools to perform their duties effectively.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Lack of specific detail on the multi-tool's features and quality.
Potential for price increases due to economic price adjustment clause.
Limited contract duration (8 months) may require re-competition soon.

Positive Signals

Awarded under full and open competition, suggesting competitive pricing.
Fixed-price contract structure provides cost certainty.
BPA Call award indicates streamlined procurement process.

Sector Analysis

This contract falls within the Hardware Merchant Wholesalers sector (NAICS 423710). This sector includes establishments primarily engaged in wholesaling hardware, plumbing, and heating equipment and supplies. The GSA's Federal Acquisition Service (FAS) procures a vast array of goods and services, including tools, for government agencies. Spending in this category is consistent with the government's need for operational supplies across various departments.

Small Business Impact

The data indicates that this contract was not specifically set aside for small businesses (ss: false, sb: false). While Wright Tool Company, LLC, may be a small business, the award itself was made under full and open competition. There is no explicit information regarding subcontracting plans for small businesses. The impact on the small business ecosystem would depend on whether Wright Tool Company utilizes small business subcontractors.

Oversight & Accountability

Oversight for this contract is managed by the General Services Administration (GSA), specifically its Federal Acquisition Service (FAS). As a BPA Call, it is a call-off from a larger, pre-competed Blanket Purchase Agreement. Oversight mechanisms would include adherence to the terms of the BPA, performance monitoring, and invoice verification. Transparency is facilitated through public contract databases. Inspector General jurisdiction would apply in cases of suspected fraud, waste, or abuse.

Related Government Programs

GSA Schedule 71 II K - Tools and Manufacturing Equipment
Federal Strategic Sourcing Initiative (FSSI) for Office Supplies
General Services Administration (GSA) Multiple Award Schedules (MAS)

Risk Flags

Potential for cost increases due to EPA clause.
Lack of specific product details limits detailed value analysis.
Short contract duration may necessitate frequent re-competition.

Frequently Asked Questions

What is this federal contract paying for?

General Services Administration awarded $8,163.67 to WRIGHT TOOL COMPANY, LLC. MULTI TOOL, FOLDING, POCKET: - SEE ATTACHED DOCUMENT FOR DETAIL.

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 $8,163.67.

What is the period of performance?

Start: 2026-04-10. End: 2026-04-18.

What specific type of multi-tool was procured, and what are its key features and intended uses?

The provided data indicates the procurement is for a 'MULTI TOOL, FOLDING, POCKET' with a note to 'SEE ATTACHED DOCUMENT FOR DETAIL.' Unfortunately, the specific details of the multi-tool's features (e.g., number of functions, materials, specific tools included like pliers, screwdrivers, knives) and its intended uses are not available in the provided summary data. The designation 'Hardware Merchant Wholesalers' (NAICS 423710) suggests general utility, likely for maintenance, repair, and operational (MRO) tasks across various federal agencies. Without the attached document or further details, it's impossible to ascertain the exact specifications or the primary applications envisioned for this particular multi-tool.

How does the unit price of this multi-tool compare to similar commercial off-the-shelf (COTS) products?

Benchmarking the unit price of this multi-tool against similar commercial off-the-shelf (COTS) products is challenging with the current data. The total award amount is $8,163.67, and the contract duration is 8 months, with 22 units ordered (no: 22). This suggests a unit price of approximately $371.08 ($8,163.67 / 22). This price seems high for a typical folding pocket multi-tool, which often range from $20 to $150 depending on brand and features. However, this could be a specialized, high-durability tool intended for demanding government use, or the quantity ordered might be small, leading to a higher per-unit cost. The 'Economic Price Adjustment' clause also introduces variability. A definitive comparison requires knowing the exact model, its specifications, and current market prices for comparable government-spec or industrial-grade tools.

What is the track record of Wright Tool Company, LLC, in supplying similar hardware to the federal government?

Information regarding Wright Tool Company, LLC's specific track record in supplying similar hardware to the federal government is not detailed in the provided summary. However, the award of this contract by the General Services Administration (GSA) suggests that the company has likely met GSA's pre-qualification requirements, which often include past performance evaluations. GSA's Federal Acquisition Service (FAS) typically awards contracts through competitive processes where vendor past performance is a significant evaluation factor. To assess their track record thoroughly, one would need to examine their contract history with GSA and other federal agencies, looking at performance ratings, any past disputes, and the types and volume of similar items previously supplied. The fact that this is a BPA Call award implies it's part of a larger established agreement, suggesting some level of established performance.

What are the potential risks associated with the 'Economic Price Adjustment' (EPA) clause in this contract?

The primary risk associated with the 'Economic Price Adjustment' (EPA) clause in this contract is the potential for increased costs to the government if market prices for the raw materials or components used in the multi-tool rise significantly during the contract period. While EPAs are intended to protect contractors from unforeseen cost increases and ensure fair pricing, they can also lead to budget uncertainty for the government. The extent of this risk depends on the specific index or formula used for the adjustment, the volatility of the relevant commodity markets, and the contract's duration. For this 8-month contract, the risk might be moderate, but it necessitates monitoring market trends to anticipate potential cost escalations and ensure the adjustments remain reasonable and tied to actual market fluctuations.

How does this contract fit into GSA's broader strategy for procuring hardware and tools?

This contract, awarded as a BPA Call under a Blanket Purchase Agreement (BPA), aligns with GSA's strategy of leveraging large, pre-competed agreements to streamline procurement and achieve economies of scale for common goods and services. By establishing BPAs, GSA can offer a wide range of products, including hardware like multi-tools, to federal agencies through a simplified ordering process. This approach allows agencies to quickly obtain necessary supplies while ensuring that the initial BPA competition has vetted suppliers and established competitive pricing. This specific award to Wright Tool Company, LLC, contributes to GSA's goal of providing a comprehensive catalog of hardware solutions, supporting agency operational needs efficiently and cost-effectively.

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: $8,164

Exercised Options: $8,164

Current Obligation: $8,164

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: 47QSHA21A000D

IDV Type: BPA

Timeline