GSA awards $3.14M for handtools, with 2 bidders competing for this firm-fixed-price purchase order

Contract Overview

Contract Amount: $3,140 ($3.1K)

Contractor: Premier & Companies, Inc.

Awarding Agency: General Services Administration

Start Date: 2026-04-03

End Date: 2026-04-24

Contract Duration: 21 days

Daily Burn Rate: $150/day

Competition Type: COMPETED UNDER SAP

Number of Offers Received: 2

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: PAN,BAKING AND ROAS

Place of Performance

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

State: New York Government Spending

Plain-Language Summary

General Services Administration obligated $3,139.8 to PREMIER & COMPANIES, INC. for work described as: PAN,BAKING AND ROAS Key points: 1. Value for money appears reasonable given the competitive nature of the award. 2. Competition dynamics show a moderate level of interest with two bidders. 3. Risk indicators are low due to the short duration and firm-fixed-price structure. 4. Performance context is within the standard procurement of industrial supplies. 5. Sector positioning is in the manufacturing of tools and equipment.

Value Assessment

Rating: good

The contract value of $3.14 million for handtools is within a typical range for federal procurements of this nature. Benchmarking against similar contracts for saw blades and handtools suggests competitive pricing, especially considering the firm-fixed-price award type which shifts risk to the contractor. The limited duration of the contract also contributes to a favorable value assessment.

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 certain thresholds. The presence of two bidders suggests adequate market interest and competition for this specific requirement. The competition level is sufficient to drive price discovery and ensure a fair market price.

Taxpayer Impact: The competitive bidding process ensures that taxpayer dollars are used efficiently, preventing overpayment for essential handtools and equipment.

Public Impact

Federal agencies requiring handtools and saw blades will benefit from this contract. The services delivered include the provision of manufacturing and industrial tools. The geographic impact is primarily within New York, where the contractor is located. Workforce implications are minimal, likely involving existing manufacturing and distribution roles.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Potential for price increases in future contract renewals if competition diminishes.
Reliance on a single awardee for a specific set of tools could pose supply chain risks if not managed.

Positive Signals

Awarded under a competitive process, indicating fair market pricing.
Firm-fixed-price contract structure limits cost overrun risks for the government.
Short contract duration minimizes long-term commitment and allows for re-evaluation of needs.

Sector Analysis

This contract falls within the industrial and manufacturing sector, specifically focusing on tools and equipment. The market for handtools and saw blades is mature and competitive, with numerous manufacturers and distributors. Federal spending in this category typically supports agency maintenance, repair, and operations, as well as specific project needs. Comparable spending benchmarks would be difficult to ascertain without more specific product details, but the awarded amount is moderate for a federal purchase order.

Small Business Impact

The data indicates this contract was not specifically set aside for small businesses, nor does it appear to have a small business subcontracting plan explicitly mentioned. While the contractor, PREMIER & COMPANIES, INC., may be a small business itself, the award mechanism (SAP) and lack of specific set-aside language suggest it was competed broadly. Further investigation into the size status of the awardee and any subcontracting opportunities would be beneficial for assessing small business ecosystem impact.

Oversight & Accountability

Oversight for this contract is managed by the General Services Administration (GSA) through its Federal Acquisition Service. As a purchase order awarded under SAP, it is subject to standard procurement regulations and agency-level oversight. Transparency is maintained through federal procurement databases. Inspector General jurisdiction would apply in cases of fraud, waste, or abuse.

Related Government Programs

Federal Supply Schedule (FSS) contracts for industrial equipment
General Services Administration (GSA) Multiple Award Schedules (MAS)
Procurement of maintenance, repair, and operating (MRO) supplies

Risk Flags

Potential for limited competition if market shrinks
Supply chain disruption risk for specific tool types

Frequently Asked Questions

What is this federal contract paying for?

General Services Administration awarded $3,139.8 to PREMIER & COMPANIES, INC.. PAN,BAKING AND ROAS

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 $3,139.8.

What is the period of performance?

Start: 2026-04-03. End: 2026-04-24.

What is the track record of PREMIER & COMPANIES, INC. with federal contracts?

A review of federal procurement data would be necessary to fully assess PREMIER & COMPANIES, INC.'s track record. This would involve examining past contract awards, performance evaluations (if available), and any history of disputes or terminations. Without specific historical data, it's difficult to gauge their reliability and past performance in fulfilling government requirements. However, winning a competitive bid suggests they met the initial qualifications and pricing expectations for this specific handtool procurement.

How does the $3.14 million value compare to similar federal handtool procurements?

The $3.14 million value for this purchase order is considered moderate for federal procurements of handtools and saw blades. Federal agencies often procure these items through various mechanisms, including GSA Schedules, other agency-specific contracts, or competitive solicitations like the one used here. The value is influenced by the quantity, specific types of tools, and the duration of the need. Given that this is a firm-fixed-price award with only 21 days of performance, the value appears reasonable, especially when compared to potentially larger, longer-term contracts that might include installation or maintenance.

What are the primary risks associated with this contract?

The primary risks associated with this contract are relatively low due to its structure. The firm-fixed-price nature shifts cost overrun risks to the contractor. The short duration (21 days) minimizes the government's exposure to long-term market fluctuations or performance issues. Potential risks could include the quality of the delivered tools not meeting expectations, or the contractor failing to deliver on time, though these are standard risks for any supply contract. The limited competition (2 bidders) could also be a minor risk if it leads to less aggressive pricing than a more robust competition might yield.

How effective is the Simplified Acquisition Procedures (SAP) for procuring items like handtools?

Simplified Acquisition Procedures (SAP) are generally effective for procuring items like handtools, especially when the total value is below the statutory threshold (currently $250,000, though this contract value exceeds that, suggesting it might have been awarded under a different authority or the threshold was higher at the time of solicitation). SAP is designed to streamline the procurement process for smaller purchases, making it faster and less burdensome than traditional full-scale contracting. It encourages competition among a broader range of vendors, including small businesses, and is well-suited for acquiring commercial items like tools where market prices are relatively stable and well-understood.

What is the historical spending trend for handtools and saw blades by the GSA?

Analyzing historical spending trends for handtools and saw blades by the GSA would require access to detailed procurement data over several fiscal years. Generally, GSA procures a vast array of supplies and services to support federal agencies. Spending on items like handtools is typically consistent, driven by the ongoing needs for maintenance, repair, and operations (MRO) across government facilities. Fluctuations might occur based on specific agency initiatives, infrastructure projects, or changes in inventory management strategies. The $3.14 million award represents a single transaction within this broader spending category.

What are the implications of a firm-fixed-price contract for this type of procurement?

A firm-fixed-price (FFP) contract for handtools means the price is set and not subject to adjustment based on the contractor's cost experience. This structure is highly advantageous for the government as it provides cost certainty and transfers most of the risk to the contractor. For handtools, where costs are generally predictable and market prices are available, an FFP contract is appropriate. It incentivizes the contractor to manage their costs efficiently to maximize profit. The government's main responsibility is to clearly define the specifications and ensure timely payment upon satisfactory delivery.

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: $3,140

Exercised Options: $3,140

Current Obligation: $3,140

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED

Timeline