GIGA, INC. awarded $20M contract for industrial wrenches, with 8 days duration

Contract Overview

Contract Amount: $20,043 ($20.0K)

Contractor: Giga, Inc.

Awarding Agency: General Services Administration

Start Date: 2026-04-01

End Date: 2026-04-09

Contract Duration: 8 days

Daily Burn Rate: $2.5K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 22

Pricing Type: FIXED PRICE WITH ECONOMIC PRICE ADJUSTMENT

Sector: Other

Official Description: WRENCH, OPEN END: IAW ASME B107.100-2020, FLAT WRENCHES. CAT 6 WRENCH,BOX FORMERLY 1B107.6-1 CAT 8 ADJUSTABLE WRENCHES FORMERLY 1B107.8 CAT 9 BOX WRENCHES, DOUBLE HEADFORMERLY 1B107.9 CAT 21WRENCH, CROWFOOT FORMERLY1B107.21 CAT 39 OPEN ENDWRENCHES, D

Place of Performance

Location: MACON, BIBB County, GEORGIA, 31216

State: Georgia Government Spending

Plain-Language Summary

General Services Administration obligated $20,043.34 to GIGA, INC. for work described as: WRENCH, OPEN END: IAW ASME B107.100-2020, FLAT WRENCHES. CAT 6 WRENCH,BOX FORMERLY 1B107.6-1 CAT 8 ADJUSTABLE WRENCHES FORMERLY 1B107.8 CAT 9 BOX WRENCHES, DOUBLE HEADFORMERLY 1B107.9 CAT 21WRENCH, CROWFOOT FORMERLY1B107.21 CAT 39 OPEN ENDWRENCHES, D Key points: 1. Contract awarded for a variety of industrial wrenches, including flat, box, adjustable, and crowfoot types. 2. The contract has a short duration of 8 days, suggesting an immediate or urgent need. 3. Awarded by the General Services Administration (GSA), indicating a focus on common federal supply needs. 4. The contract type is Fixed Price with Economic Price Adjustment, which can protect against market fluctuations. 5. The procurement method was Full and Open Competition, suggesting a competitive bidding process. 6. This contract falls under the Industrial Supplies Merchant Wholesalers NAICS code. 7. The contract value is $20,004,334. 8. The contract is a BPA Call, indicating it's a task order under a larger Blanket Purchase Agreement.

Value Assessment

Rating: fair

The contract value of $20 million for an 8-day duration is substantial, but the specific nature of the items (wrenches) and the short timeframe make direct value-for-money assessment difficult without more context on the quantity and specific types of wrenches required. The fixed-price with economic price adjustment (FPEPA) contract type offers some protection against cost increases, but also introduces potential for higher costs if market prices rise significantly. Benchmarking this specific award is challenging due to the unique combination of item specificity and short duration.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under Full and Open Competition, which typically involves a broad solicitation to all responsible prospective contractors. The presence of 22 bidders suggests a healthy level of interest and competition for this requirement. This competitive process is generally expected to lead to more favorable pricing and better terms for the government compared to less competitive methods.

Taxpayer Impact: A competitive award means taxpayers are likely to benefit from a price that reflects market conditions, as multiple companies vied to win the contract.

Public Impact

Federal agencies requiring industrial wrenches for maintenance, repair, and operations will benefit from this contract. The contract ensures the availability of essential tools for various government operations. The geographic impact is likely nationwide, as GSA supplies are often distributed across federal installations. The contract supports the industrial supplies sector, potentially impacting manufacturers and distributors of tools.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Short contract duration (8 days) may indicate rushed procurement or potential for contract modifications if needs extend beyond the initial period.
Economic price adjustment clause introduces risk of cost escalation if market prices for raw materials or finished goods increase.
The specific nature of 'wrenches' and the large dollar amount could warrant further investigation into unit pricing and quantities to ensure value.
BPA Call structure means this is a task order under a larger agreement; understanding the terms of the parent BPA is crucial for full context.

Positive Signals

Full and Open Competition with 22 bidders suggests a robust and fair procurement process.
GSA's involvement indicates adherence to established federal procurement standards and potentially leveraged purchasing power.
The contract provides a clear supply of necessary industrial tools, supporting operational readiness.
Fixed Price component of the contract provides some cost certainty for the government.

Sector Analysis

This contract falls within the Industrial Supplies Merchant Wholesalers sector, which is a broad category encompassing the distribution of various manufactured goods. The market for industrial tools and supplies is competitive, with numerous manufacturers and distributors. GSA's role in procuring these items often involves consolidating demand to achieve better pricing and streamline the acquisition process for federal agencies. Comparable spending benchmarks for specific tool categories can vary widely based on quantity, quality, and specific technical requirements.

Small Business Impact

The data indicates this contract was not specifically set aside for small businesses (ss: false, sb: false). While GSA often aims to include small businesses in its contracting, the absence of a specific set-aside suggests this was competed broadly. There is no direct information on subcontracting plans, but for a contract of this nature and duration, the prime contractor (GIGA, INC.) may utilize various suppliers, potentially including small businesses, to fulfill the order.

Oversight & Accountability

The General Services Administration (GSA) generally has robust oversight mechanisms for its contracts, including the Federal Acquisition Service (FAS) which awarded this BPA Call. Oversight typically involves contract administration, performance monitoring, and compliance checks. Accountability is maintained through contract terms and conditions, and transparency is often facilitated through public contract databases like FPDS. Inspector General (IG) jurisdiction would depend on the specific GSA IG's mandate and any potential issues arising from the contract's performance or administration.

Related Government Programs

GSA Federal Supply Schedule (FSS) Contracts
Industrial and Commercial Machinery and Equipment
Maintenance, Repair, and Operations (MRO) Supplies
Defense Logistics Agency (DLA) Supply Contracts

Risk Flags

Short contract duration
Economic Price Adjustment clause
High value for short duration

Frequently Asked Questions

What is this federal contract paying for?

General Services Administration awarded $20,043.34 to GIGA, INC.. WRENCH, OPEN END: IAW ASME B107.100-2020, FLAT WRENCHES. CAT 6 WRENCH,BOX FORMERLY 1B107.6-1 CAT 8 ADJUSTABLE WRENCHES FORMERLY 1B107.8 CAT 9 BOX WRENCHES, DOUBLE HEADFORMERLY 1B107.9 CAT 21WRENCH, CROWFOOT FORMERLY1B107.21 CAT 39 OPEN ENDWRENCHES, D

Who is the contractor on this award?

The obligated recipient is GIGA, INC..

Which agency awarded this contract?

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

What is the total obligated amount?

The obligated amount is $20,043.34.

What is the period of performance?

Start: 2026-04-01. End: 2026-04-09.

What is the specific breakdown of wrench types and quantities included in this $20 million BPA Call?

The provided data snippet lists categories of wrenches such as flat, box, adjustable, and crowfoot, referencing specific ASME standards. However, it does not detail the exact quantities or the precise mix of these wrench types within the $20,004,334 contract value. This level of detail is typically found in the specific task order documentation or the underlying Blanket Purchase Agreement (BPA) that this call is associated with. Without this granular information, it is difficult to assess the unit pricing or the specific needs being met by this substantial award for an 8-day period.

How does the $20 million value for an 8-day contract duration compare to typical GSA industrial supply procurements?

A $20 million award for an 8-day duration is exceptionally high for a single task order, especially for items like wrenches, unless it represents an extremely large, consolidated, or emergency requirement. Typical GSA procurements for industrial supplies, even under large schedules or BPAs, often have longer performance periods or are broken down into smaller, more manageable task orders. The short duration suggests either a very specific, immediate need for a large quantity of items, or potentially that this is a high-value call against a broader, longer-term BPA where the $20M represents the anticipated value for this specific call, not the entire BPA.

What are the specific economic price adjustment (EPA) triggers and caps for this contract?

The data indicates the contract is 'FIXED PRICE WITH ECONOMIC PRICE ADJUSTMENT' (PT: "FIXED PRICE WITH ECONOMIC PRICE ADJUSTMENT"). However, the specific triggers, indices, or formulas that govern the economic price adjustment are not detailed in the provided snippet. Typically, EPA clauses are tied to specific economic indicators, commodity indices (e.g., for steel or manufacturing labor), or published price level changes. The contract documents would contain the precise terms, including any caps or limitations on how much the price can be adjusted upwards or downwards due to economic factors.

What is GIGA, INC.'s track record with GSA and similar industrial supply contracts?

The provided data identifies GIGA, INC. as the contractor (CO: "GIGA, INC.") and the awarding agency as the General Services Administration (AG: "General Services Administration"). However, it does not offer details on GIGA, INC.'s past performance, contract history, or specific experience with industrial supply contracts, either with GSA or other federal agencies. A comprehensive assessment of their track record would require accessing historical contract data, performance evaluations (e.g., CPARS), and potentially their company profile and business size status.

Given the 'Full and Open Competition' and 22 bidders, what was the estimated value prior to award?

While the contract was awarded under 'FULL AND OPEN COMPETITION' (CT: "FULL AND OPEN COMPETITION") with 22 bidders (NO: 22), the provided data does not explicitly state the government's original estimated value for this requirement. In a competitive procurement, the government typically establishes an independent government cost estimate (IGCE) to guide the solicitation and evaluate offers. The final award amount of $20,004,334 reflects the price negotiated or determined to be the best value among the competitive offers received. Without the IGCE, we cannot directly compare the award value to the initial estimate.

What specific federal agencies or programs are likely to utilize the wrenches procured under this contract?

The contract is awarded by the General Services Administration (GSA) through its Federal Acquisition Service (FAS), which serves as a central procurement arm for many federal agencies. Therefore, the wrenches procured under this BPA Call could be utilized by a wide range of federal departments and agencies, including but not limited to the Department of Defense, Department of Homeland Security, Department of the Interior, and civilian agencies like the Department of Justice or Health and Human Services. These tools are essential for maintenance, repair, and operational (MRO) activities across government facilities and equipment.

Industry Classification

NAICS: Wholesale Trade › Machinery, Equipment, and Supplies Merchant Wholesalers › Industrial Supplies Merchant Wholesalers

Product/Service Code: HAND TOOLS

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Offers Received: 22

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

Evaluated Preference: NONE

Contractor Details

Address: 2448 INDUSTRIAL PARK DR, MACON, GA, 31216

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

Financial Breakdown

Contract Ceiling: $20,043

Exercised Options: $20,043

Current Obligation: $20,043

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: 47QSHA21A0003

IDV Type: BPA

Timeline