GSA awards $14,119 contract for office supplies to LC Industries Inc

Contract Overview

Contract Amount: $14,119 ($14.1K)

Contractor: LC Industries Inc

Awarding Agency: General Services Administration

Start Date: 2026-04-10

End Date: 2026-04-17

Contract Duration: 7 days

Daily Burn Rate: $2.0K/day

Competition Type: FULL AND OPEN COMPETITION

Pricing Type: FIXED PRICE WITH ECONOMIC PRICE ADJUSTMENT

Sector: Other

Official Description: THE HON COMPANY LEFT RETURN PEDESTAL DE

Place of Performance

Location: DURHAM, DURHAM County, NORTH CAROLINA, 27703

State: North Carolina Government Spending

Plain-Language Summary

General Services Administration obligated $14,119.2 to LC INDUSTRIES INC for work described as: THE HON COMPANY LEFT RETURN PEDESTAL DE Key points: 1. Contract awarded to LC Industries Inc. for office supplies. 2. Competition type is 'Full and Open'. 3. Contract duration is 7 days. 4. Fixed Price with Economic Price Adjustment pricing structure.

Value Assessment

Rating: fair

The contract value of $14,119.20 for a 7-day period appears reasonable for office supplies. Benchmarking against similar GSA schedules for office supplies would provide a more definitive assessment.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, suggesting a competitive bidding process. This method generally leads to better price discovery and value for the government.

Taxpayer Impact: The relatively small contract value and short duration suggest a minimal direct taxpayer impact.

Public Impact

Ensures availability of essential office supplies for federal agencies. Supports a competitive marketplace for office supply vendors. Potential for price fluctuations due to economic price adjustment clause.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Short contract duration may limit long-term planning.
Economic price adjustment could lead to cost overruns if inflation is high.

Positive Signals

Awarded under full and open competition.
Contract supports a known need for office supplies.

Sector Analysis

This contract falls under the 'Office Supplies (except Paper) Manufacturing' sector, specifically NAICS 339940. Spending in this sector is generally stable, driven by ongoing operational needs of federal agencies.

Small Business Impact

The data does not indicate whether small businesses were involved in this specific award, either as prime contractors or subcontractors. Further analysis would be needed to determine small business participation.

Oversight & Accountability

The General Services Administration (GSA) is responsible for overseeing this contract. Standard procurement regulations and oversight mechanisms are expected to be in place.

Related Government Programs

Office Supplies (except Paper) Manufacturing
General Services Administration Contracting
Federal Acquisition Service Programs

Risk Flags

Short contract duration
Economic price adjustment clause
Lack of specific itemization for unit cost analysis
Unclear small business participation

Frequently Asked Questions

What is this federal contract paying for?

General Services Administration awarded $14,119.2 to LC INDUSTRIES INC. THE HON COMPANY LEFT RETURN PEDESTAL DE

Who is the contractor on this award?

The obligated recipient is LC INDUSTRIES INC.

Which agency awarded this contract?

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

What is the total obligated amount?

The obligated amount is $14,119.2.

What is the period of performance?

Start: 2026-04-10. End: 2026-04-17.

What is the typical unit cost for the specific office supplies procured under this contract?

Without a detailed breakdown of the specific office supplies included in this contract, it is difficult to determine the typical unit cost. The contract is for a broad category of 'Office Supplies (except Paper) Manufacturing'. A more granular analysis of the awarded items and their quantities would be necessary to establish unit cost benchmarks.

What is the potential risk associated with the economic price adjustment clause in this contract?

The economic price adjustment (EPA) clause allows for changes in contract price based on fluctuations in economic factors, typically inflation. The primary risk is that unforeseen or significant inflation could increase the contract cost beyond initial estimates, impacting the government's budget and potentially reducing the overall value if prices rise substantially.

How effectively does this contract meet the ongoing demand for office supplies within the procuring agency?

Given the short 7-day duration and the nature of office supplies, this contract likely serves an immediate or short-term need. Its effectiveness in meeting ongoing demand depends on whether it is part of a larger strategy for supply procurement, such as a Blanket Purchase Agreement (BPA) call, which suggests it's a call against an existing agreement.

Industry Classification

NAICS: Manufacturing › Other Miscellaneous Manufacturing › Office Supplies (except Paper) Manufacturing

Product/Service Code: HAND TOOLS

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Pricing Type: FIXED PRICE WITH ECONOMIC PRICE ADJUSTMENT (K)

Evaluated Preference: NONE

Contractor Details

Address: 4500 EMPEROR BLVD, DURHAM, NC, 27703

Business Categories: AbilityOne Program Participant, Category Business, Corporate Entity Tax Exempt, Manufacturer of Goods, Nonprofit Organization, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $14,119

Exercised Options: $14,119

Current Obligation: $14,119

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: 47QSCC21A0005

IDV Type: BPA

Timeline