GSA Awards $317K Plastics Contract to ELASTEC INC via Full and Open Competition

Contract Overview

Contract Amount: $317,479 ($317.5K)

Contractor: Elastec Inc

Awarding Agency: General Services Administration

Start Date: 2025-08-20

End Date: 2026-07-31

Contract Duration: 345 days

Daily Burn Rate: $920/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 2

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: OSRP BPA CALL ORDER 008

Place of Performance

Location: PORT HUENEME CBC BASE, VENTURA County, CALIFORNIA, 93043

State: California Government Spending

Plain-Language Summary

General Services Administration obligated $317,479.11 to ELASTEC INC for work described as: OSRP BPA CALL ORDER 008 Key points: 1. Contract value of $317,479.11 for plastics product manufacturing. 2. Awarded to ELASTEC INC under a BPA Call Order. 3. Utilized full and open competition, suggesting market availability. 4. Sector is 'All Other Plastics Product Manufacturing' (NAICS 326199).

Value Assessment

Rating: fair

The contract value is moderate. Without specific unit cost data or comparison to similar plastics manufacturing contracts, a precise pricing assessment is difficult. Benchmarking against industry standards for similar products would be necessary for a more definitive evaluation.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded through full and open competition, indicating that multiple vendors had the opportunity to bid. This method generally promotes competitive pricing and ensures the government receives fair market value.

Taxpayer Impact: The competitive nature of the award suggests that taxpayer funds are being used efficiently, as the pricing is likely driven by market forces rather than limited options.

Public Impact

Ensures availability of essential plastics products for federal agencies. Supports the 'All Other Plastics Product Manufacturing' sector. Promotes fair competition among potential suppliers.

Waste & Efficiency Indicators

Waste Risk Score: 92 / 10

Positive Signals

Full and open competition utilized
Clear contract end date
Moderate contract value

Sector Analysis

This contract falls within the 'All Other Plastics Product Manufacturing' sector (NAICS 326199). Spending in this sector can vary widely based on specific product needs, but this award represents a typical procurement for specialized plastic goods.

Small Business Impact

The data indicates this contract was not awarded to a small business (ss: false, sb: false). Further analysis would be needed to determine if small businesses were excluded or if the nature of the requirement did not lend itself to small business participation.

Oversight & Accountability

The contract was issued as a BPA Call Order by the General Services Administration (GSA), Federal Acquisition Service. GSA's oversight aims to ensure competitive pricing and adherence to contract terms.

Related Government Programs

All Other Plastics Product Manufacturing
General Services Administration Contracting
Federal Acquisition Service Programs

Risk Flags

Lack of specific product details
No small business participation noted
Unit cost benchmarking not available

Frequently Asked Questions

What is this federal contract paying for?

General Services Administration awarded $317,479.11 to ELASTEC INC. OSRP BPA CALL ORDER 008

Who is the contractor on this award?

The obligated recipient is ELASTEC INC.

Which agency awarded this contract?

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

What is the total obligated amount?

The obligated amount is $317,479.11.

What is the period of performance?

Start: 2025-08-20. End: 2026-07-31.

What specific plastic products are being procured under this BPA Call Order, and how do their unit costs compare to market benchmarks?

The specific plastic products are not detailed in the provided data. To assess value, a breakdown of the items and their quantities would be required. Unit costs would then need to be benchmarked against industry pricing for comparable items, considering material, manufacturing complexity, and volume discounts to determine if the $317,479.11 award represents a fair price.

What were the key factors that led to ELASTEC INC being selected in the full and open competition?

In a full and open competition, the selection of ELASTEC INC would typically be based on a combination of factors outlined in the solicitation. This could include the lowest price technically acceptable (LPTA) approach, or a best-value tradeoff where factors beyond price, such as technical capability, past performance, and delivery timelines, are considered alongside cost.

How does the duration and value of this contract align with typical procurements for 'All Other Plastics Product Manufacturing'?

The contract duration of approximately one year (ending July 31, 2026) and a value of $317,479.11 are within a common range for specific, non-major federal procurements in the plastics manufacturing sector. Larger, more complex projects or long-term supply agreements would naturally involve higher values and potentially longer durations.

Industry Classification

NAICS: Manufacturing › Plastics Product Manufacturing › All Other Plastics Product Manufacturing

Product/Service Code: FIRE/RESCUE/SAFETY; ENVIRO PROTECT

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Solicitation ID: 47QSWC25Q0085

Offers Received: 2

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 1309 W MAIN ST, CARMI, IL, 62821

Business Categories: Category Business, Manufacturer of Goods, Small Business, Special Designations, Subchapter S Corporation, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $317,479

Exercised Options: $317,479

Current Obligation: $317,479

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: 47QSWC24A0011

IDV Type: BPA

Timeline