GSA Awards $2.2M Contract to Farmington Auto Auction for Wholesale Trade Services in New Mexico

Contract Overview

Contract Amount: $2,206,205 ($2.2M)

Contractor: Farmington Auto Auction Inc

Awarding Agency: General Services Administration

Start Date: 2026-01-01

End Date: 2026-12-31

Contract Duration: 364 days

Daily Burn Rate: $6.1K/day

Competition Type: FULL AND OPEN COMPETITION

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: PROVIDE AUCTION FUNDING FOR FARMINGTON AA

Place of Performance

Location: FARMINGTON, SAN JUAN County, NEW MEXICO, 87401

State: New Mexico Government Spending

Plain-Language Summary

General Services Administration obligated $2.2 million to FARMINGTON AUTO AUCTION INC for work described as: PROVIDE AUCTION FUNDING FOR FARMINGTON AA Key points: 1. The contract is for wholesale trade agents and brokers services. 2. Full and open competition was used, suggesting a competitive bidding process. 3. The contract value is $2.2 million over one year. 4. The award is a delivery order, indicating it's part of a larger contract vehicle.

Value Assessment

Rating: fair

The contract value of $2.2 million for a one-year term appears reasonable for wholesale auction services. Benchmarking against similar GSA contracts for vehicle disposal or auction services would provide a clearer assessment of value.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, which typically leads to better price discovery and value for the government. The use of a delivery order suggests this is a task order against an existing contract.

Taxpayer Impact: The competitive nature of the award is expected to yield fair pricing, minimizing unnecessary taxpayer expense for these services.

Public Impact

Facilitates the disposal of government assets through auction. Supports federal agencies in managing and liquidating surplus vehicles. Ensures a transparent process for selling government property.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Lack of specific performance metrics provided.
Potential for price fluctuations in the wholesale market.

Positive Signals

Awarded through full and open competition.
Clear contract duration and value.

Sector Analysis

The contract falls under the wholesale trade agents and brokers sector, specifically for vehicle auctions. Spending in this area is often tied to government fleet management and surplus property disposal.

Small Business Impact

The data indicates that small businesses were not awarded this specific contract, as the awardee is Farmington Auto Auction Inc. Further analysis would be needed to determine if small businesses participated in the bidding process or if this is a recurring trend for this type of service.

Oversight & Accountability

The General Services Administration (GSA) is responsible for overseeing this contract. Standard GSA oversight mechanisms should be in place to ensure performance and compliance.

Related Government Programs

Wholesale Trade Agents and Brokers
General Services Administration Contracting
Federal Acquisition Service Programs

Risk Flags

Limited detail on performance metrics.
Potential market volatility affecting asset prices.
No explicit mention of small business subcontracting goals.

Frequently Asked Questions

What is this federal contract paying for?

General Services Administration awarded $2.2 million to FARMINGTON AUTO AUCTION INC. PROVIDE AUCTION FUNDING FOR FARMINGTON AA

Who is the contractor on this award?

The obligated recipient is FARMINGTON AUTO AUCTION INC.

Which agency awarded this contract?

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

What is the total obligated amount?

The obligated amount is $2.2 million.

What is the period of performance?

Start: 2026-01-01. End: 2026-12-31.

What is the historical performance of Farmington Auto Auction Inc. with government contracts?

Information on the historical performance of Farmington Auto Auction Inc. with government contracts is not provided in the data. A review of past performance records, including any past issues or successes, would be beneficial for assessing reliability and efficiency. This could involve checking contract databases for previous awards and performance evaluations.

How does the awarded price compare to market rates for similar auction services?

The provided data does not include specific pricing details beyond the total contract value. To assess value, a comparison of the per-unit fees or commission rates charged by Farmington Auto Auction Inc. against industry benchmarks for vehicle auction services would be necessary. This would help determine if the government is receiving competitive pricing.

What mechanisms are in place to ensure the fair market value is achieved for auctioned assets?

While the contract was awarded under full and open competition, specific mechanisms to ensure fair market value are not detailed. These could include requirements for minimum bids, transparent bidding processes, and independent market analysis. The GSA's standard operating procedures for vehicle auctions likely include such safeguards.

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: NEGOTIATED PROPOSAL/QUOTE

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 1661 W MURRAY DR, FARMINGTON, NM, 87401

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

Financial Breakdown

Contract Ceiling: $2,206,205

Exercised Options: $2,206,205

Current Obligation: $2,206,205

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: 47QMCA25D001R

IDV Type: IDC

Timeline