GSA Awards $5.3M for Basic Self-Contained Security Cabinets to Lockmasters Inc
Contract Overview
Contract Amount: $5,355 ($5.4K)
Contractor: Lockmasters Inc
Awarding Agency: General Services Administration
Start Date: 2026-04-09
End Date: 2026-04-24
Contract Duration: 15 days
Daily Burn Rate: $357/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 $5,355 to LOCKMASTERS INC for work described as: LOCK, COMBINATION, BASIC SELF-CONTAINED, DESIGNED AND USED FOR SECURITY CABINETS Key points: 1. Spending on security cabinets totals $5.3M. 2. Lockmasters Inc. is the sole awardee. 3. Competition method is 'COMPETED UNDER SAP', indicating potential limitations. 4. Sector is Hardware Manufacturing (NAICS 332510).
Value Assessment
Rating: fair
The contract is for basic self-contained security cabinets. Pricing is firm fixed price. Without specific unit details or comparison data, a precise value assessment is difficult.
Cost Per Unit: N/A
Competition Analysis
Competition Level: limited
The contract was competed under SAP (Simplified Acquisition Procedures), suggesting a limited competition environment. This method may not always yield the lowest possible price.
Taxpayer Impact: Taxpayer funds are used for security cabinets. The limited competition may result in a higher cost than a fully open competition.
Public Impact
Ensures security for sensitive items within federal facilities. Supports the General Services Administration's (GSA) operational needs. Provides essential hardware for government asset protection.
Waste & Efficiency Indicators
Waste Risk Score: 100 / 10
Warning Flags
- Limited competition under SAP
- Potential for higher pricing due to limited competition
- No small business participation noted
Positive Signals
- Firm fixed price contract
- Clear end date for delivery
- Specific product type identified
Sector Analysis
The Hardware Manufacturing sector involves the production of various metal products. Spending benchmarks for security cabinets are not readily available, but this contract represents a specific procurement within the broader manufacturing landscape.
Small Business Impact
The data indicates that small business participation was not a factor in this award. Further analysis would be needed to determine if opportunities were missed or if the procurement was structured appropriately for small businesses.
Oversight & Accountability
The Federal Acquisition Service (FAS) of GSA is responsible for this procurement. Oversight would involve ensuring contract terms are met and pricing remains fair within the limited competition context.
Related Government Programs
- Hardware Manufacturing
- General Services Administration Contracting
- Federal Acquisition Service Programs
Risk Flags
- Limited competition
- Lack of small business participation
- Potential for non-optimal pricing
- Insufficient detail on security requirements
Tags
hardware-manufacturing, general-services-administration, ky, bpa-call, under-100k
Frequently Asked Questions
What is this federal contract paying for?
General Services Administration awarded $5,355 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 $5,355.
What is the period of performance?
Start: 2026-04-09. End: 2026-04-24.
What is the typical price range for similar security cabinets procured through fully open competition?
Determining the typical price range for similar security cabinets procured through fully open competition requires access to extensive market data and historical contract awards. Without this, it's challenging to benchmark effectively. However, generally, open competition tends to drive prices down due to increased vendor participation and competitive bidding.
What are the specific security requirements that necessitate this type of cabinet and justify the procurement?
The specific security requirements for these cabinets are not detailed in the provided data. However, 'basic self-contained' and 'designed and used for security cabinets' suggest they are intended for safeguarding sensitive documents, equipment, or materials within federal agencies. The exact level of security (e.g., fire resistance, tamper-proofing) would dictate the necessity and justification.
How does the SAP procurement process impact the government's ability to ensure best value for these security cabinets?
Procuring under SAP (Simplified Acquisition Procedures) is intended to streamline the acquisition process for lower-value purchases. While efficient, it can limit the pool of potential bidders compared to full and open competition. This may impact the government's ability to ensure the absolute best value, as fewer vendors are typically involved in the bidding process.
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: $5,355
Exercised Options: $5,355
Current Obligation: $5,355
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Parent Contract
Parent Award PIID: 47QSSC25T000U
IDV Type: BPA
Timeline
Start Date: 2026-04-09
Current End Date: 2026-04-24
Potential End Date: 2026-04-24 00:00:00
Last Modified: 2026-04-10
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