GSA awards $6.89M purchase order for saw blades and handtools to Premier & Companies, Inc

Contract Overview

Contract Amount: $6,890 ($6.9K)

Contractor: Premier & Companies, Inc.

Awarding Agency: General Services Administration

Start Date: 2026-04-03

End Date: 2026-04-23

Contract Duration: 20 days

Daily Burn Rate: $345/day

Competition Type: COMPETED UNDER SAP

Number of Offers Received: 2

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: PARTSMASTER-DY59600355

Place of Performance

Location: NEW YORK, NEW YORK County, NEW YORK, 10001

State: New York Government Spending

Plain-Language Summary

General Services Administration obligated $6,890 to PREMIER & COMPANIES, INC. for work described as: PARTSMASTER-DY59600355 Key points: 1. Value for money assessed through competitive bidding process. 2. Competition dynamics indicate a potentially favorable pricing environment. 3. Risk indicators appear low given the nature of the goods and contract type. 4. Performance context is a short-term delivery of common industrial supplies. 5. Sector positioning is within the broader industrial and manufacturing supply chain.

Value Assessment

Rating: good

The contract value of $6.89 million for a 20-day period is moderate. As a competed purchase order under SAP, it suggests that pricing was likely evaluated against market rates or previous similar awards. Without specific unit cost data or a direct comparison to identical items from other vendors, a precise value-for-money assessment is challenging. However, the competitive nature implies a reasonable price was secured.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

This contract was competed under the Simplified Acquisition Procedures (SAP), indicating a full and open competition for procurements below a certain threshold. The presence of two bidders suggests a degree of competition, which is generally beneficial for price discovery and ensuring the government receives competitive offers. The specific details of the bidding process, such as the number of proposals received and the evaluation criteria, are not fully detailed here.

Taxpayer Impact: The competitive bidding process for this purchase order likely resulted in taxpayer savings by driving down the price of saw blades and handtools compared to a sole-source or limited competition scenario.

Public Impact

Federal agencies requiring saw blades and handtools will benefit from this award. The contract delivers essential tools for maintenance, repair, and operational activities. The geographic impact is primarily within New York, where the contractor is located, but the tools will be distributed to federal users nationwide. Workforce implications are minimal, as this contract is for goods, not services requiring significant labor.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Potential for price fluctuations in future procurements if competition decreases.
Reliance on a single awardee for a specific period could pose supply chain risks if unforeseen issues arise with the contractor.

Positive Signals

Competitive award process suggests a fair market price was obtained.
Firm Fixed Price contract type provides cost certainty for the government.
Short duration limits long-term financial commitment and allows for re-evaluation of needs.

Sector Analysis

This contract falls within the industrial and manufacturing sector, specifically related to the supply of tools. The market for saw blades and handtools is broad and competitive, with numerous manufacturers and distributors. Federal spending in this category supports the operational needs of various agencies, from facilities maintenance to specialized technical work. Benchmarks for similar tool supply contracts would typically be assessed based on volume, specifications, and delivery timelines.

Small Business Impact

This contract was awarded under the Simplified Acquisition Procedures and does not indicate a specific small business set-aside. Premier & Companies, Inc.'s size status is not provided, nor are details on subcontracting opportunities for small businesses. Further analysis would be needed to determine the impact on the small business ecosystem.

Oversight & Accountability

The General Services Administration (GSA) Federal Acquisition Service oversees this contract. Oversight is typically managed through contract administration, performance monitoring, and adherence to procurement regulations. Transparency is facilitated by public contract databases. Inspector General jurisdiction would apply in cases of fraud, waste, or abuse.

Related Government Programs

GSA Schedule IT
General Services Administration Federal Supply Schedule
Purchase of Maintenance, Repair, and Operations (MRO) Supplies
Industrial and Manufacturing Equipment Procurement

Risk Flags

Short contract duration may limit long-term supply assurance.
Limited competition (2 bidders) warrants monitoring for future procurements.

Frequently Asked Questions

What is this federal contract paying for?

General Services Administration awarded $6,890 to PREMIER & COMPANIES, INC.. PARTSMASTER-DY59600355

Who is the contractor on this award?

The obligated recipient is PREMIER & COMPANIES, INC..

Which agency awarded this contract?

Awarding agency: General Services Administration (Federal Acquisition Service).

What is the total obligated amount?

The obligated amount is $6,890.

What is the period of performance?

Start: 2026-04-03. End: 2026-04-23.

What is the track record of Premier & Companies, Inc. in fulfilling federal contracts?

Information regarding Premier & Companies, Inc.'s specific track record with federal contracts is not detailed in the provided data. A comprehensive review would involve examining past performance evaluations, contract history, and any reported issues or successes on previous government awards. Without this historical data, it is difficult to assess their reliability and past performance in delivering goods or services to federal agencies. Further research into contract databases and performance assessment systems would be necessary to provide a detailed answer on their track record.

How does the awarded price compare to market rates for similar saw blades and handtools?

The provided data does not include specific unit pricing for the saw blades and handtools, making a direct comparison to market rates challenging. However, the contract was competed under Simplified Acquisition Procedures (SAP) with two bidders. This competitive environment suggests that the awarded price is likely aligned with or favorable compared to prevailing market rates. To conduct a precise benchmark, one would need to compare the unit prices of the specific items awarded under this contract against publicly available catalog prices, industry price indices, or recent comparable federal contract awards for identical or substantially similar items.

What are the primary risks associated with this contract?

The primary risks associated with this contract appear to be relatively low, given its nature. Key risks include potential supply chain disruptions if Premier & Companies, Inc. faces unforeseen operational issues, although the short duration of the contract (20 days) mitigates this. Another risk could be the quality or suitability of the tools if not rigorously inspected upon delivery, though this is a standard risk for any goods procurement. Price volatility for raw materials impacting future procurements is also a consideration, but less so for this immediate, short-term award. The firm fixed-price nature of the contract helps to mitigate cost overrun risks for the government.

How effective is the General Services Administration's Federal Acquisition Service in managing tool supply contracts?

The Federal Acquisition Service (FAS) of the GSA is generally considered effective in managing a wide range of supply contracts, including tools. FAS leverages its purchasing power and established procurement vehicles to secure competitive pricing and ensure timely delivery for federal agencies. Their expertise in market research, contract negotiation, and vendor management contributes to the overall effectiveness. For this specific contract, the use of SAP and a competed process indicates adherence to standard effective procurement practices. Effectiveness can be further gauged by agency satisfaction, delivery performance metrics, and cost savings achieved across their portfolio of tool supply contracts.

What is the historical spending pattern for saw blades and handtools by the General Services Administration?

Historical spending patterns for saw blades and handtools by the GSA would typically show consistent demand driven by the operational needs of various federal agencies. Spending levels can fluctuate based on agency budgets, infrastructure projects, and maintenance requirements. The GSA often procures these items through its Federal Supply Schedules or via competitive solicitations like the one used here. Analyzing past GSA spending data for this category would reveal trends in contract values, average prices paid, and the number of awards over time. This information is crucial for understanding the scale of government requirements and for future budget planning and procurement strategy.

Industry Classification

NAICS: Manufacturing › Cutlery and Handtool Manufacturing › Saw Blade and Handtool Manufacturing

Product/Service Code: HAND TOOLS

Competition & Pricing

Extent Competed: COMPETED UNDER SAP

Solicitation Procedures: SIMPLIFIED ACQUISITION

Offers Received: 2

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 525 WINDSOR DR, SECAUCUS, NJ, 07094

Business Categories: Category Business, Partnership or Limited Liability Partnership, Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $6,890

Exercised Options: $6,890

Current Obligation: $6,890

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED

Timeline