GIGA, INC. Secures $5,949 Contract for Measuring Tape Under Full and Open Competition
Contract Overview
Contract Amount: $5,949 ($5.9K)
Contractor: Giga, Inc.
Awarding Agency: General Services Administration
Start Date: 2026-04-11
End Date: 2026-04-16
Contract Duration: 5 days
Daily Burn Rate: $1.2K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 22
Pricing Type: FIXED PRICE WITH ECONOMIC PRICE ADJUSTMENT
Sector: Other
Official Description: TAPE, MEASURING: - SEE ATTACHED DOCUMENT FOR DETAIL.
Place of Performance
Location: MACON, BIBB County, GEORGIA, 31216
State: Georgia Government Spending
Plain-Language Summary
General Services Administration obligated $5,949 to GIGA, INC. for work described as: TAPE, MEASURING: - SEE ATTACHED DOCUMENT FOR DETAIL. Key points: 1. Contract awarded to GIGA, INC. for measuring tape. 2. Value of $5,949 for a 5-year duration. 3. Procurement method was Full and Open Competition. 4. Contract type is Fixed Price with Economic Price Adjustment.
Value Assessment
Rating: questionable
The contract value of $5,949 for measuring tape over 5 years appears low. Without specific unit details or comparison data, it's difficult to assess if this pricing is competitive or reflects market value for the quantity and type of tape procured.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under Full and Open Competition, indicating multiple vendors had the opportunity to bid. This method generally promotes competitive pricing and ensures the government receives fair market value.
Taxpayer Impact: The relatively small contract value of $5,949 suggests a minimal direct impact on taxpayers. The competitive nature of the award aims to ensure efficient use of funds.
Public Impact
Ensures availability of essential measuring tools for federal agencies. Supports the industrial supplies merchant wholesale sector. The fixed-price with economic adjustment clause may protect against inflation.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of detailed product specifications.
- Potential for price increases due to economic adjustment.
- Limited data to assess true value for money.
Positive Signals
- Awarded through full and open competition.
- Contract duration of 5 years provides stability.
- Fixed price component offers some cost certainty.
Sector Analysis
This contract falls under industrial supplies, specifically measuring tools. Spending benchmarks for such items vary widely based on quantity, quality, and specific features. The value here is modest, suggesting a small-scale procurement.
Small Business Impact
The data does not indicate if small businesses participated in or benefited from this contract. Further analysis would be needed to determine the extent of small business involvement.
Oversight & Accountability
The General Services Administration (GSA) Federal Acquisition Service managed this procurement. Oversight typically involves ensuring compliance with acquisition regulations and contract terms.
Related Government Programs
- Industrial Supplies Merchant Wholesalers
- General Services Administration Contracting
- Federal Acquisition Service Programs
Risk Flags
- Lack of detailed product specifications.
- Potential for cost escalation due to EPA.
- Unclear small business participation.
- Limited data for value assessment.
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 $5,949 to GIGA, INC.. TAPE, MEASURING: - SEE ATTACHED DOCUMENT FOR DETAIL.
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 $5,949.
What is the period of performance?
Start: 2026-04-11. End: 2026-04-16.
What is the specific type and quantity of measuring tape being procured, and how does the unit price compare to market rates?
The provided data lacks specific details on the type and quantity of measuring tape. The total contract value is $5,949 over 5 years. Without this information, a precise unit price benchmark against market rates is not possible. Further investigation into the attached document is required to determine if the pricing is competitive and represents good value for the specific items acquired.
What are the potential risks associated with the 'Economic Price Adjustment' clause in this contract?
The Economic Price Adjustment (EPA) clause allows for price changes based on specified economic factors, such as inflation or material cost fluctuations. The primary risk is that these adjustments could lead to the government paying more than initially anticipated, especially if inflation rates are high or unpredictable. This could potentially increase the overall cost to taxpayers beyond the initial $5,949 estimate.
How effective is the 'Full and Open Competition' method in ensuring value for this specific measuring tape procurement?
Full and Open Competition is generally effective in driving competitive pricing. However, its effectiveness for this specific procurement depends on whether sufficient vendors were aware of and able to bid on the requirement. Given the modest contract value, it's possible that only a limited number of specialized suppliers participated, potentially impacting the breadth of competition and the ultimate value realized.
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: $5,949
Exercised Options: $5,949
Current Obligation: $5,949
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: 47QSHA21A0003
IDV Type: BPA
Timeline
Start Date: 2026-04-11
Current End Date: 2026-04-16
Potential End Date: 2026-04-16 00:00:00
Last Modified: 2026-04-12
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