GSA awards $208K vehicle contract to Bob Thompson Motor Co. for wholesale trade services

Contract Overview

Contract Amount: $208,282 ($208.3K)

Contractor: BOB Thompson Motor CO.

Awarding Agency: General Services Administration

Start Date: 2024-10-01

End Date: 2026-04-07

Contract Duration: 553 days

Daily Burn Rate: $377/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 1

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: AUCTION/SALES FUNDING FOR R8 BOB THOMPASON/MID STATE

Place of Performance

Location: MAHNOMEN, MAHNOMEN County, MINNESOTA, 56557

State: Minnesota Government Spending

Plain-Language Summary

General Services Administration obligated $208,282.01 to BOB THOMPSON MOTOR CO. for work described as: AUCTION/SALES FUNDING FOR R8 BOB THOMPASON/MID STATE Key points: 1. Contract awarded via full and open competition, suggesting a competitive bidding process. 2. The firm-fixed-price contract type aims to provide cost certainty for the government. 3. Delivery order indicates a specific need for goods or services within a larger contract vehicle. 4. The contract duration of 553 days suggests a medium-term requirement. 5. The North American Industry Classification System (NAICS) code 425120 points to wholesale trade agents and brokers. 6. Awarded by the General Services Administration (GSA), a common agency for vehicle and equipment procurement.

Value Assessment

Rating: fair

The contract value of $208,282.01 for a 553-day period appears reasonable for vehicle procurement or related wholesale trade services. Benchmarking against similar GSA Federal Supply Schedule contracts for vehicles or wholesale services would provide a clearer picture of value for money. Without specific details on the exact goods or services procured, a precise comparison is difficult, but the amount is not exceptionally high or low for a government contract of this duration.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, indicating that all responsible sources were permitted to submit bids. This method is generally preferred as it maximizes the potential for competitive pricing and innovation. The number of bidders is not specified, but the use of this procurement method suggests that the GSA sought to leverage market competition to obtain the best value.

Taxpayer Impact: Full and open competition generally benefits taxpayers by driving down prices through a wider pool of potential suppliers, leading to more cost-effective government spending.

Public Impact

The primary beneficiaries are likely federal agencies requiring vehicles or related wholesale trade services. The contract supports the operational needs of government entities through the provision of goods or services. The geographic impact is centered in Minnesota, where the contractor is located. Workforce implications may include employment opportunities at Bob Thompson Motor Co. and potentially its suppliers.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Lack of specific details on the goods/services procured makes it difficult to assess true value.
The contract is a delivery order, implying it's part of a larger, potentially less scrutinized, contract vehicle.
No information on small business subcontracting goals or achievements is provided.

Positive Signals

Awarded through full and open competition, promoting a competitive marketplace.
Firm-fixed-price contract offers cost predictability.
Contract awarded by GSA, a reputable agency for procurement.

Sector Analysis

This contract falls within the wholesale trade sector, specifically agents and brokers (NAICS 425120). This sector facilitates the movement of goods between manufacturers and users without taking ownership. Government spending in this area often relates to procurement of vehicles, equipment, or other supplies where specialized wholesale services are required. Comparable spending benchmarks would depend heavily on the specific items procured, but GSA's role suggests it's part of a broader strategy to efficiently acquire common goods and services.

Small Business Impact

The data indicates that this contract was not set aside for small businesses (ss: false, sb: false). There is no information provided regarding subcontracting plans or performance related to small businesses. Therefore, the direct impact on the small business ecosystem from this specific award is likely minimal, unless the prime contractor voluntarily engages small businesses in its supply chain.

Oversight & Accountability

The General Services Administration (GSA) generally has robust oversight mechanisms for its contracts, including the Federal Acquisition Service. Transparency is typically maintained through contract databases like FPDS. Accountability measures are inherent in the firm-fixed-price structure and the delivery order process. Inspector General jurisdiction would apply if any fraud, waste, or abuse were suspected.

Related Government Programs

GSA Federal Supply Schedule Contracts
Vehicle Procurement Programs
Wholesale Trade Services Contracts

Risk Flags

Lack of specific service/product details
Potential for underlying contract vehicle to have less competition
No small business subcontracting information

Frequently Asked Questions

What is this federal contract paying for?

General Services Administration awarded $208,282.01 to BOB THOMPSON MOTOR CO.. AUCTION/SALES FUNDING FOR R8 BOB THOMPASON/MID STATE

Who is the contractor on this award?

The obligated recipient is BOB THOMPSON MOTOR CO..

Which agency awarded this contract?

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

What is the total obligated amount?

The obligated amount is $208,282.01.

What is the period of performance?

Start: 2024-10-01. End: 2026-04-07.

What specific vehicles or wholesale services were procured under this delivery order?

The provided data does not specify the exact vehicles or wholesale services procured under this delivery order. The NAICS code 425120 indicates 'Wholesale Trade Agents and Brokers,' which could encompass a wide range of activities, from facilitating the sale of vehicles to acting as intermediaries for other goods. Without further details, it is impossible to determine the precise nature of the goods or services. This lack of specificity hinders a thorough analysis of the contract's purpose and value.

How does the $208,282.01 contract value compare to similar GSA vehicle procurement contracts?

Benchmarking this contract's value requires comparing it to similar delivery orders or contracts issued by the GSA for vehicle procurement or wholesale trade services. Given the contract value of approximately $208K over 553 days (about 1.5 years), it suggests a moderate-sized requirement. Without access to a detailed database of comparable GSA contracts, it's difficult to provide a precise comparison. However, GSA often leverages large-scale purchasing power, so this amount could represent a significant number of vehicles or a substantial service package, or it could be a smaller, specialized requirement.

What is the track record of Bob Thompson Motor Co. with federal contracts?

The provided data does not include information on Bob Thompson Motor Co.'s historical federal contract performance. To assess their track record, one would need to query federal procurement databases (like FPDS or SAM.gov) for previous awards, contract types, values, and any reported performance issues or successes. A company's history with the government, including its ability to meet delivery schedules and quality standards, is a key indicator of reliability and potential risk.

What are the potential risks associated with a delivery order awarded under full and open competition?

While full and open competition is generally positive, risks can still exist with delivery orders. A key risk is that the underlying contract vehicle might have been awarded with less scrutiny or competition, or that the delivery order itself might not have been competed optimally if it represents a significant deviation or addition to the original scope. Furthermore, even with competition, there's always a risk of contractor performance issues, such as delays, quality defects, or cost overruns if not managed tightly. The lack of specific details about the goods/services also presents a risk in fully understanding the value proposition.

How does the firm-fixed-price contract type mitigate risks for the government in this procurement?

A firm-fixed-price (FFP) contract type is designed to provide the government with cost certainty. Under an FFP agreement, the contractor agrees to a total price for a well-defined product or service, and is responsible for all costs incurred to complete the work. This shifts the risk of cost overruns from the government to the contractor. For the government, this means the final price is known upfront, simplifying budgeting and financial management. It incentivizes the contractor to control costs efficiently to maximize profit.

What is the significance of the contract being awarded by the General Services Administration (GSA)?

The General Services Administration (GSA) is a central agency responsible for managing and supporting the basic functioning of federal agencies. When GSA awards a contract, particularly for items like vehicles or general services, it often leverages its significant purchasing power and established procurement vehicles (like Federal Supply Schedules) to achieve economies of scale and streamline the acquisition process for other agencies. This award suggests that Bob Thompson Motor Co. is a GSA-approved vendor, likely holding a position on a relevant schedule or participating in a GSA-managed procurement process.

Industry Classification

NAICS: Wholesale Trade › Wholesale Trade Agents and Brokers › Wholesale Trade Agents and Brokers

Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › ADMINISTRATIVE SUPPORT SERVICES

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Offers Received: 1

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 310 BACH AVENUE, NEW YORK MILLS, MN, 56567

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Small Business, Special Designations, Subchapter S Corporation, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $208,282

Exercised Options: $208,282

Current Obligation: $208,282

Contract Characteristics

Multi-Year Contract: Yes

Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: 47QMCA20D002M

IDV Type: IDC

Timeline