GSA Awards $4.5M for 6-Tool Folding Pocket Multi-Tools to GIGA, INC

Contract Overview

Contract Amount: $4,511 ($4.5K)

Contractor: Giga, Inc.

Awarding Agency: General Services Administration

Start Date: 2026-04-07

End Date: 2026-04-15

Contract Duration: 8 days

Daily Burn Rate: $564/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 22

Pricing Type: FIXED PRICE WITH ECONOMIC PRICE ADJUSTMENT

Sector: Other

Official Description: MULTI-TOOL, FOLDING, POCKET: TOOL QUANTITY: 6 TOOLS INCLUDED: THIS MULTI-TOOL SHALL CONSIST OF ONE (1) EACH OF THE FOLLOWING SIX (6) TOOLS: MEDICAL SHEARS STRAP CUTTER RING CUTTER RULER (5CM) OXYGEN TANK WRENCH GLASS BREAKER CLOSED LENGTH: 5 INCHES B

Place of Performance

Location: MACON, BIBB County, GEORGIA, 31216

State: Georgia Government Spending

Plain-Language Summary

General Services Administration obligated $4,510.8 to GIGA, INC. for work described as: MULTI-TOOL, FOLDING, POCKET: TOOL QUANTITY: 6 TOOLS INCLUDED: THIS MULTI-TOOL SHALL CONSIST OF ONE (1) EACH OF THE FOLLOWING SIX (6) TOOLS: MEDICAL SHEARS STRAP CUTTER RING CUTTER RULER (5CM) OXYGEN TANK WRENCH GLASS BREAKER CLOSED LENGTH: 5 INCHES B Key points: 1. Contract awarded via BPA Call under Full and Open Competition. 2. Focus on industrial supplies merchant wholesalers. 3. Potential risk in fixed price with economic price adjustment clause. 4. Sector is industrial supplies, a common government procurement area.

Value Assessment

Rating: fair

The average price per unit is approximately $198.72 ($4510.8 / 22 units). This seems high for a multi-tool, even one with specialized functions. Benchmarking against similar government contracts for multi-tools or specialized tool kits is recommended.

Cost Per Unit: $198.72

Competition Analysis

Competition Level: full-and-open

The contract was awarded under Full and Open Competition via a BPA Call, indicating a competitive process. However, the specific pricing needs further scrutiny to ensure it reflects fair market value given the unit cost.

Taxpayer Impact: Taxpayer funds are used for the procurement of these multi-tools. The economic price adjustment clause introduces potential for cost increases over the contract period.

Public Impact

Essential tools for first responders and military personnel. Includes specialized tools like an oxygen tank wrench and glass breaker. Durability and functionality are key for emergency situations. Potential for widespread use across various federal agencies.

Waste & Efficiency Indicators

Waste Risk Score: 100 / 10

Warning Flags

Economic Price Adjustment clause may lead to cost overruns.
High per-unit cost warrants further investigation.
Limited quantity (22 units) may indicate a pilot or specialized need.

Positive Signals

Awarded under Full and Open Competition.
Includes specialized medical and safety tools.
Contract supports industrial supplies procurement.

Sector Analysis

The procurement falls under industrial supplies, a broad category. The specific nature of the multi-tool suggests it may be for specialized emergency response or maintenance roles. Benchmarking against similar tool kits or specialized equipment is advised.

Small Business Impact

The data does not indicate if small businesses were involved in this specific BPA call or the underlying BPA. Further analysis would be needed to determine small business participation.

Oversight & Accountability

The General Services Administration (GSA) awarded this contract through its Federal Acquisition Service. Oversight would involve monitoring the BPA call process and the performance of GIGA, INC.

Related Government Programs

Industrial Supplies Merchant Wholesalers
General Services Administration Contracting
Federal Acquisition Service Programs

Risk Flags

High per-unit cost.
Economic Price Adjustment clause.
Limited quantity awarded.
Lack of detail on specific use case.
Potential for price increases over contract life.

Frequently Asked Questions

What is this federal contract paying for?

General Services Administration awarded $4,510.8 to GIGA, INC.. MULTI-TOOL, FOLDING, POCKET: TOOL QUANTITY: 6 TOOLS INCLUDED: THIS MULTI-TOOL SHALL CONSIST OF ONE (1) EACH OF THE FOLLOWING SIX (6) TOOLS: MEDICAL SHEARS STRAP CUTTER RING CUTTER RULER (5CM) OXYGEN TANK WRENCH GLASS BREAKER CLOSED LENGTH: 5 INCHES B

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 $4,510.8.

What is the period of performance?

Start: 2026-04-07. End: 2026-04-15.

What is the justification for the high per-unit cost of these multi-tools?

The high per-unit cost of approximately $198.72 warrants further investigation. While the multi-tool includes six specialized functions, including medical shears, strap cutter, ring cutter, ruler, oxygen tank wrench, and glass breaker, this price point is significantly higher than typical consumer-grade multi-tools. A detailed breakdown of manufacturing costs, material sourcing, and the value of the specialized components would be necessary to justify this price.

What are the specific risks associated with the 'FIXED PRICE WITH ECONOMIC PRICE ADJUSTMENT' contract type?

The primary risk of a Fixed Price with Economic Price Adjustment (EPA) contract is potential cost escalation for the government. If the cost of raw materials or labor increases significantly during the contract period, the contractor is entitled to an adjustment, leading to higher overall spending than initially budgeted. This clause can make precise budget forecasting challenging and may result in taxpayers paying more than anticipated.

How effective are these multi-tools likely to be in their intended operational environments?

The effectiveness of these multi-tools hinges on their durability, reliability, and the specific utility of each of the six included tools in demanding situations. Given the inclusion of specialized items like an oxygen tank wrench and glass breaker, they appear designed for emergency response or tactical use. User feedback, performance testing data, and reviews from similar operational contexts would be crucial to assess their true effectiveness beyond their feature list.

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: $4,511

Exercised Options: $4,511

Current Obligation: $4,511

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: 47QSHA21A0003

IDV Type: BPA

Timeline