GIGA, INC. awarded $12.1M for utility tools, highlighting potential for price adjustments

Contract Overview

Contract Amount: $12,112 ($12.1K)

Contractor: Giga, Inc.

Awarding Agency: General Services Administration

Start Date: 2026-04-08

End Date: 2026-04-13

Contract Duration: 5 days

Daily Burn Rate: $2.4K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 22

Pricing Type: FIXED PRICE WITH ECONOMIC PRICE ADJUSTMENT

Sector: Other

Official Description: UTILTY TOOL TOOL QUANTITY 21

Place of Performance

Location: MACON, BIBB County, GEORGIA, 31216

State: Georgia Government Spending

Plain-Language Summary

General Services Administration obligated $12,111.58 to GIGA, INC. for work described as: UTILTY TOOL TOOL QUANTITY 21 Key points: 1. Contract value of $12.1M for utility tools suggests a significant need for these supplies. 2. The fixed-price contract with economic price adjustment (EPA) introduces potential for cost fluctuations. 3. Competition was full and open, indicating a robust bidding process. 4. The contract duration is short (5 days), suggesting an urgent or specific need. 5. The award is a BPA Call, implying it's part of a larger existing agreement. 6. The contractor, GIGA, INC., is positioned to supply industrial supplies.

Value Assessment

Rating: fair

The contract value of $12.1M for utility tools needs further benchmarking against similar procurements to assess value. The inclusion of an economic price adjustment (EPA) clause introduces a risk of cost escalation beyond initial projections, which warrants careful monitoring. Without specific unit pricing or comparison data, it is difficult to definitively assess if the pricing is competitive. The short duration of the contract (5 days) might indicate a specific, time-sensitive need, potentially impacting the ability to secure the best possible pricing.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

This contract was awarded under full and open competition, suggesting that multiple vendors had the opportunity to bid. The data indicates 22 bids were received, which is a healthy number and generally points towards a competitive environment. A high number of bidders typically facilitates price discovery and can lead to more favorable pricing for the government. The specific details of the bidding process and the evaluation criteria would provide further insight into the effectiveness of the competition.

Taxpayer Impact: Full and open competition with 22 bids is beneficial for taxpayers as it increases the likelihood of receiving competitive pricing and ensures that the government is not overpaying for the required utility tools.

Public Impact

Federal agencies requiring utility tools will benefit from the supplies delivered under this contract. The contract supports the maintenance and operation of utility infrastructure. The geographic impact is likely nationwide, given the General Services Administration's role. The contract supports the industrial supplies merchant wholesalers sector.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Risk of price increases due to the Economic Price Adjustment (EPA) clause.
Short contract duration may limit thorough vetting of all potential suppliers.
Lack of specific unit cost data makes definitive value assessment challenging.

Positive Signals

Awarded under full and open competition, indicating broad market engagement.
Received 22 bids, suggesting significant vendor interest and competitive pressure.
Contract is a BPA Call, leveraging an existing framework agreement.

Sector Analysis

The procurement falls within the Industrial Supplies Merchant Wholesalers sector, a broad category encompassing a wide range of goods essential for various industries. The General Services Administration (GSA) plays a crucial role in consolidating federal purchasing power for such supplies, aiming to achieve economies of scale and streamline acquisition processes. This contract, valued at over $12 million, represents a significant transaction within this sector, likely serving multiple federal agencies. Benchmarking this spending against the overall federal expenditure on industrial supplies would provide further context on its relative size.

Small Business Impact

The data indicates that small business participation was not a specific set-aside for this contract (ss: false, sb: false). While this contract was competed fully and openly, there is no explicit information provided regarding subcontracting opportunities for small businesses. The impact on the small business ecosystem would depend on whether GIGA, INC. engages small businesses in its supply chain or if other small businesses were among the 22 bidders who did not win the primary award.

Oversight & Accountability

Oversight for this contract would primarily fall under the General Services Administration (GSA), specifically the Federal Acquisition Service. As a BPA Call, it is part of a larger framework agreement that likely has its own oversight mechanisms. Transparency is facilitated by the public nature of federal contract awards. Accountability measures would be tied to the performance clauses within the contract and the terms of the underlying BPA. Inspector General jurisdiction would apply if any fraud, waste, or abuse is suspected.

Related Government Programs

Industrial Supplies
General Services Administration Contracts
BPA Calls
Federal Supply Schedule

Risk Flags

Economic Price Adjustment Clause
Short Contract Duration
Potential for Cost Overruns

Frequently Asked Questions

What is this federal contract paying for?

General Services Administration awarded $12,111.58 to GIGA, INC.. UTILTY TOOL TOOL QUANTITY 21

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 $12,111.58.

What is the period of performance?

Start: 2026-04-08. End: 2026-04-13.

What is the track record of GIGA, INC. in fulfilling federal contracts, particularly for industrial supplies?

Information regarding GIGA, INC.'s specific track record in fulfilling federal contracts, especially for industrial supplies, is not detailed in the provided data snippet. A comprehensive analysis would require examining past performance evaluations, contract completion history, and any reported disputes or awards associated with the company. Federal procurement databases and contractor performance systems (like the Contractor Performance Assessment Reporting System - CPARS) would be the primary sources for this information. Understanding their history with similar contract types (e.g., BPA Calls, fixed-price with EPA) and their performance on previous GSA schedules would be crucial for assessing reliability and capability.

How does the $12.1M contract value compare to typical federal spending on utility tools?

The $12.1 million contract value for utility tools is substantial and suggests a significant demand or a large-scale procurement effort. To benchmark this against typical federal spending, one would need to analyze historical data for similar utility tool procurements across various federal agencies. Databases like USASpending.gov or FPDS would allow for filtering by product service code (PSC) or keyword searches related to 'utility tools' and 'industrial supplies' over several fiscal years. Comparing this award to the average contract size, total annual spending, and the number of awarded contracts in this category would reveal whether $12.1 million represents a high, low, or average expenditure for such supplies.

What are the specific risks associated with the 'Economic Price Adjustment' (EPA) clause in this contract?

The Economic Price Adjustment (EPA) clause in this contract introduces a risk of price escalation for the government. While it aims to protect the contractor from unforeseen increases in costs (e.g., raw materials, labor, transportation), it means the final price paid could exceed the initially estimated $12.1 million. The specific triggers and limits for these adjustments are defined within the contract's EPA terms. Without these details, it's difficult to quantify the exact risk. However, it necessitates diligent monitoring by the contracting officer to ensure adjustments are justified and within contractual limits, potentially requiring the government to budget for higher-than-expected expenditures.

Given the short 5-day duration, what does this imply about the urgency and potential impact on competition?

The extremely short contract duration of just 5 days (April 8, 2026, to April 13, 2026) strongly suggests an urgent need for the utility tools. This urgency can sometimes limit the scope and effectiveness of competition. While the award was made under 'full and open competition' with 22 bids, a very short performance window might deter some potential bidders who cannot mobilize resources or prepare proposals quickly enough. It could also mean that the government prioritized speed over potentially more competitive, longer-term contracting strategies. The specific circumstances necessitating such a rapid acquisition would need further investigation.

What is the significance of this award being a 'BPA Call' under the Federal Acquisition Service?

This award being a 'BPA Call' signifies that it is a task order issued against a Blanket Purchase Agreement (BPA). BPAs are simplified acquisition vehicles established by federal agencies to streamline the purchasing of commonly needed supplies or services. The Federal Acquisition Service (FAS) likely established the overarching BPA with GIGA, INC. This means the competition and vetting process for GIGA, INC. occurred when the BPA was initially established. The 'BPA Call' itself represents a specific order placed under that existing agreement, often involving a simplified ordering process compared to a new, standalone contract. This approach leverages existing relationships and pre-negotiated terms.

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: $12,112

Exercised Options: $12,112

Current Obligation: $12,112

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: 47QSHA21A0003

IDV Type: BPA

Timeline