GSA awards $12,055 for Twist Snap-On Drill Set, highlighting fixed-price with economic adjustment

Contract Overview

Contract Amount: $12,056 ($12.1K)

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: $1.5K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 22

Pricing Type: FIXED PRICE WITH ECONOMIC PRICE ADJUSTMENT

Sector: Other

Official Description: DRILL SET,TWIST SNAP-ON INC P/N: DB160C

Place of Performance

Location: WARREN, MACOMB County, MICHIGAN, 48091

State: Michigan Government Spending

Plain-Language Summary

General Services Administration obligated $12,055.73 to WRIGHT TOOL COMPANY, LLC for work described as: DRILL SET,TWIST SNAP-ON INC P/N: DB160C Key points: 1. Spending on hardware wholesalers is a mature market with established pricing. 2. The contract uses a fixed-price with economic price adjustment, which can mitigate inflation risk. 3. Competition was full and open, suggesting a competitive price discovery process. 4. The award value is relatively small, indicating a niche or specific need.

Value Assessment

Rating: good

The contract value of $12,055.73 for a specific drill set appears reasonable given the fixed-price with economic adjustment structure. Benchmarking against similar hardware procurements would provide further validation.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

Full and open competition was utilized, indicating that multiple vendors had the opportunity to bid. This method generally leads to competitive pricing and ensures fair market value is obtained.

Taxpayer Impact: Taxpayer funds are being used efficiently through a competitive bidding process for a necessary hardware item.

Public Impact

Ensures availability of essential tools for federal agencies. Supports the hardware wholesale sector through government contracts. Provides transparency in government procurement processes.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Economic price adjustment could lead to cost increases if market prices rise significantly.
Limited contract duration may require re-competition soon.

Positive Signals

Full and open competition ensures fair pricing.
Awarded by GSA, a reputable procurement agency.

Sector Analysis

The hardware merchant wholesalers sector is characterized by a wide range of products and established supply chains. Federal spending in this area typically focuses on operational necessities and maintenance supplies.

Small Business Impact

The data does not indicate if small businesses participated in or were awarded this contract. Further analysis would be needed to assess small business impact.

Oversight & Accountability

The General Services Administration (GSA) oversees this contract, ensuring adherence to procurement regulations and fair competition. The BPA Call award mechanism suggests a streamlined process.

Related Government Programs

Hardware Merchant Wholesalers
General Services Administration Contracting
Federal Acquisition Service Programs

Risk Flags

Potential for cost increase due to EPA
Short contract duration
Lack of small business participation data
Dependence on specific part number availability

Frequently Asked Questions

What is this federal contract paying for?

General Services Administration awarded $12,055.73 to WRIGHT TOOL COMPANY, LLC. DRILL SET,TWIST SNAP-ON INC P/N: DB160C

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 $12,055.73.

What is the period of performance?

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

What is the typical price range for this specific drill set (P/N: DB160C) in the commercial market?

Determining the commercial market price range for the Twist Snap-On Drill Set (P/N: DB160C) requires specific market research. Factors like brand, quantity, and supplier influence pricing. Comparing the awarded price against commercial catalogs or distributor price lists would reveal if the government secured a competitive rate, especially considering the fixed-price with economic adjustment clause.

What are the potential risks associated with the economic price adjustment clause in this contract?

The primary risk of the economic price adjustment (EPA) clause is potential cost escalation for the government if market prices for raw materials or finished goods increase significantly during the contract period. While it protects the contractor from losses due to inflation, it introduces budget uncertainty for the agency and could lead to higher-than-anticipated spending.

How effective is the full and open competition method in ensuring value for money for this type of hardware procurement?

Full and open competition is generally highly effective for procuring standardized hardware like drill sets. It allows multiple qualified vendors to bid, fostering price competition and driving down costs. This method ensures the government receives fair market value by leveraging the broadest possible vendor pool, reducing the likelihood of overpayment compared to less competitive methods.

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: $12,056

Exercised Options: $12,056

Current Obligation: $12,056

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: 47QSHA21A000D

IDV Type: BPA

Timeline