GSA Awards $2,357 for Corrosion-Resistant Padlocks, Highlighting Hardware Manufacturing Sector

Contract Overview

Contract Amount: $2,358 ($2.4K)

Contractor: Master Lock Company LLC

Awarding Agency: General Services Administration

Start Date: 2026-04-05

End Date: 2026-05-05

Contract Duration: 30 days

Daily Burn Rate: $79/day

Competition Type: COMPETED UNDER SAP

Number of Offers Received: 1

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: PADLOCKRADE-2, CORROSION RESISTANT, RECTANGULARSHAP, SOLID OR LAMINATED, STEEL, CASE HARDENED STEEL SHACKLE, 2-KEYS PERLOCK,KEYED DIFFERENT, 1.00 INCH CASE THICKNESS,1.00-1.625 INSIDE VERTICALSHACKLE CLEARANCE, .750- .875 INCH HORIZONTALSIDESHACKLE C

Place of Performance

Location: OAK CREEK, MILWAUKEE County, WISCONSIN, 53154

State: Wisconsin Government Spending

Plain-Language Summary

General Services Administration obligated $2,357.64 to MASTER LOCK COMPANY LLC for work described as: PADLOCKRADE-2, CORROSION RESISTANT, RECTANGULARSHAP, SOLID OR LAMINATED, STEEL, CASE HARDENED STEEL SHACKLE, 2-KEYS PERLOCK,KEYED DIFFERENT, 1.00 INCH CASE THICKNESS,1.00-1.625 INSIDE VERTICALSHACKLE CLEARANCE, .750- .875 INCH HORIZONTALSIDESHACKLE C Key points: 1. Spending focuses on specialized hardware (padlocks) within the Hardware Manufacturing sector. 2. Competition was conducted under Simplified Acquisition Procedures (SAP), suggesting smaller dollar values. 3. The contract is a Firm Fixed Price (FFP) type, providing cost certainty. 4. No small business participation was noted in this specific award.

Value Assessment

Rating: good

The price of $2,357.64 for 1 unit appears reasonable for specialized, corrosion-resistant padlocks with case-hardened steel shackles. Benchmarking against similar government contracts for high-security padlocks would provide further validation.

Cost Per Unit: N/A

Competition Analysis

Competition Level: limited

The contract was competed under Simplified Acquisition Procedures (SAP), which typically involves limited competition or pre-qualified vendors. This method can lead to less aggressive price discovery compared to full and open competition.

Taxpayer Impact: The taxpayer impact is minimal given the relatively low dollar value of this specific purchase order.

Public Impact

Ensures availability of essential security hardware for federal facilities. Supports the manufacturing sector, specifically hardware production. Provides durable and secure locking mechanisms for government assets.

Waste & Efficiency Indicators

Waste Risk Score: 79 / 10

Warning Flags

Limited competition under SAP
No small business participation

Positive Signals

Firm Fixed Price contract
Corrosion-resistant, durable hardware

Sector Analysis

This purchase falls under the Hardware Manufacturing sector (NAICS 332510). Spending in this sector is crucial for maintaining federal infrastructure and security. Benchmarks for similar hardware contracts vary widely based on specifications and volume.

Small Business Impact

This specific award does not indicate any participation by small businesses. Future solicitations could explore opportunities to engage small businesses in the hardware manufacturing supply chain.

Oversight & Accountability

Oversight is managed by the General Services Administration (GSA) through its Federal Acquisition Service. The use of purchase orders under SAP suggests a streamlined process, but requires diligence to ensure fair pricing and compliance.

Related Government Programs

Hardware Manufacturing
General Services Administration Contracting
Federal Acquisition Service Programs

Risk Flags

Limited competition
No small business participation
Short contract duration
Potential for less aggressive price discovery under SAP

Frequently Asked Questions

What is this federal contract paying for?

General Services Administration awarded $2,357.64 to MASTER LOCK COMPANY LLC. PADLOCKRADE-2, CORROSION RESISTANT, RECTANGULARSHAP, SOLID OR LAMINATED, STEEL, CASE HARDENED STEEL SHACKLE, 2-KEYS PERLOCK,KEYED DIFFERENT, 1.00 INCH CASE THICKNESS,1.00-1.625 INSIDE VERTICALSHACKLE CLEARANCE, .750- .875 INCH HORIZONTALSIDESHACKLE C

Who is the contractor on this award?

The obligated recipient is MASTER LOCK COMPANY LLC.

Which agency awarded this contract?

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

What is the total obligated amount?

The obligated amount is $2,357.64.

What is the period of performance?

Start: 2026-04-05. End: 2026-05-05.

What is the typical price range for similar corrosion-resistant, case-hardened steel padlocks in the commercial market?

The commercial market price for high-security, corrosion-resistant padlocks with case-hardened steel shackles can range significantly, from $20 to over $100 per unit depending on brand, specific features like shackle clearance, and quantity purchased. Factors such as keying options (keyed different vs. keyed alike) and warranty also influence pricing. A direct comparison would require matching all specifications precisely.

What are the risks associated with procuring hardware under Simplified Acquisition Procedures (SAP)?

Procuring under SAP, while efficient for smaller purchases, carries risks of limited price competition and potentially less favorable terms compared to full and open competition. There's a higher chance of not achieving the best possible price or encountering vendors who may not be as rigorously vetted. Ensuring adequate market research was performed prior to award is crucial to mitigate these risks.

How effective is the current contract in meeting the government's long-term need for secure locking mechanisms?

The effectiveness of this specific contract is limited to its short duration (30 days) and single unit purchase. While it addresses an immediate need for a specific type of padlock, it doesn't necessarily reflect a long-term strategy for securing government assets. A broader contract or indefinite-delivery/indefinite-quantity (IDIQ) contract might offer better long-term effectiveness and cost savings for recurring needs.

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

Offers Received: 1

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Parent Company: Fortune Brands Home & Security, Inc.

Address: 1 HORIZON WAY BLDG N, DEERFIELD, IL, 60015

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

Financial Breakdown

Contract Ceiling: $2,358

Exercised Options: $2,358

Current Obligation: $2,358

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED

Timeline