GSA Awards $3.2M for Combination Locks, Competed Under SAP

Contract Overview

Contract Amount: $3,213 ($3.2K)

Contractor: Lockmasters Inc

Awarding Agency: General Services Administration

Start Date: 2026-04-07

End Date: 2026-04-22

Contract Duration: 15 days

Daily Burn Rate: $214/day

Competition Type: COMPETED UNDER SAP

Number of Offers Received: 7

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: LOCK, COMBINATION, BASIC SELF-CONTAINED, DESIGNED AND USED FOR SECURITY CABINETS

Place of Performance

Location: NICHOLASVILLE, JESSAMINE County, KENTUCKY, 40356

State: Kentucky Government Spending

Plain-Language Summary

General Services Administration obligated $3,213 to LOCKMASTERS INC for work described as: LOCK, COMBINATION, BASIC SELF-CONTAINED, DESIGNED AND USED FOR SECURITY CABINETS Key points: 1. The contract is for basic self-contained combination locks for security cabinets. 2. LOCKMASTERS INC secured the award, indicating potential market concentration. 3. The award was made under Simplified Acquisition Procedures (SAP), suggesting a focus on smaller procurements. 4. The contract duration is 15 days, implying a need for immediate or short-term supply.

Value Assessment

Rating: fair

The contract value of $3.213 million for locks appears reasonable for a federal supply, but without specific unit details, a direct comparison is difficult. The firm fixed price suggests cost certainty for the government.

Cost Per Unit: N/A

Competition Analysis

Competition Level: limited

The contract was competed under SAP, which typically involves simplified procedures and may limit the number of potential bidders compared to full and open competition. This method can expedite procurement but might not always yield the lowest price.

Taxpayer Impact: The firm fixed price contract provides cost predictability. The use of SAP suggests efficient procurement for this item, potentially minimizing administrative overhead for taxpayers.

Public Impact

Ensures security for government assets through specialized locking mechanisms. Supports the General Services Administration's (GSA) operational needs for equipment security. Provides essential hardware for various federal agencies requiring secure storage solutions.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Limited competition due to SAP.
Short contract duration may indicate urgent need or limited scope.
Lack of detailed product specifications makes full value assessment challenging.

Positive Signals

Firm fixed price provides cost certainty.
Award to a single vendor simplifies acquisition.
Procurement under SAP can be efficient for smaller dollar values.

Sector Analysis

The Hardware Manufacturing sector (NAICS 332510) encompasses the production of various hardware items. Federal spending in this sector often supports infrastructure, equipment, and facility maintenance across agencies. Benchmarks for lock procurement vary widely based on type and quantity.

Small Business Impact

The data does not indicate if small businesses were involved in this specific BPA call or if LOCKMASTERS INC is a small business. Further analysis would be needed to determine small business participation.

Oversight & Accountability

The General Services Administration (GSA) is responsible for managing federal property and procurement. Oversight would involve ensuring the locks meet specifications and the price is fair, particularly given the limited competition parameters.

Related Government Programs

Hardware Manufacturing
General Services Administration Contracting
Federal Acquisition Service Programs

Risk Flags

Potential for overpayment due to limited competition under SAP.
Lack of detailed product specifications hinders performance and value assessment.
High implied per-unit cost requires justification.
Short contract duration may indicate rushed procurement or insufficient planning.

Frequently Asked Questions

What is this federal contract paying for?

General Services Administration awarded $3,213 to LOCKMASTERS INC. LOCK, COMBINATION, BASIC SELF-CONTAINED, DESIGNED AND USED FOR SECURITY CABINETS

Who is the contractor on this award?

The obligated recipient is LOCKMASTERS INC.

Which agency awarded this contract?

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

What is the total obligated amount?

The obligated amount is $3,213.

What is the period of performance?

Start: 2026-04-07. End: 2026-04-22.

What is the unit price of these combination locks, and how does it compare to commercial equivalents?

The provided data does not include unit pricing, making a direct comparison to commercial equivalents impossible. The total award value of $3.213 million for 7 units over 15 days suggests a high per-unit cost, which warrants further investigation into the specific type and features of these security cabinet locks.

What are the specific security requirements for these combination locks, and do they meet or exceed industry standards?

The description 'BASIC SELF-CONTAINED, DESIGNED AND USED FOR SECURITY CABINETS' is vague. Without detailed specifications, it's impossible to assess if these locks meet or exceed industry security standards. Further documentation is needed to understand the threat model they are intended to address.

How effective is the Simplified Acquisition Procedures (SAP) method in ensuring value for money for this type of specialized hardware?

SAP can be effective for acquiring readily available items quickly and efficiently. However, for specialized hardware like security locks, the limited competition inherent in SAP might prevent achieving the best possible price. A review of the solicitation and award process would clarify if adequate price discovery occurred.

Industry Classification

NAICS: Manufacturing › Hardware Manufacturing › Hardware Manufacturing

Product/Service Code: HARDWARE AND ABRASIVES

Competition & Pricing

Extent Competed: COMPETED UNDER SAP

Solicitation Procedures: SIMPLIFIED ACQUISITION

Solicitation ID: 47QSSC25Q2701

Offers Received: 7

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 2101 JOHN C WATTS DR, NICHOLASVILLE, KY, 40356

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Manufacturer of Goods, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $3,213

Exercised Options: $3,213

Current Obligation: $3,213

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED

Parent Contract

Parent Award PIID: 47QSSC25T000U

IDV Type: BPA

Timeline