GSA Awards $7.5M for Basic Self-Contained Security Cabinets to Lockmasters Inc

Contract Overview

Contract Amount: $7,497 ($7.5K)

Contractor: Lockmasters Inc

Awarding Agency: General Services Administration

Start Date: 2026-04-01

End Date: 2026-04-16

Contract Duration: 15 days

Daily Burn Rate: $500/day

Competition Type: COMPETED UNDER SAP

Number of Offers Received: 7

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: LOCK, COMBINATION, BASIC SELF-CONTAINED, DESIGNED AND USED FOR SECURITY CABINETS

Place of Performance

Location: NICHOLASVILLE, JESSAMINE County, KENTUCKY, 40356

State: Kentucky Government Spending

Plain-Language Summary

General Services Administration obligated $7,497 to LOCKMASTERS INC for work described as: LOCK, COMBINATION, BASIC SELF-CONTAINED, DESIGNED AND USED FOR SECURITY CABINETS Key points: 1. Contract awarded to Lockmasters Inc. for basic self-contained security cabinets. 2. Competition method was 'Competed Under SAP', indicating a potentially limited but streamlined process. 3. The contract duration is 15 days, suggesting a short-term or specific need. 4. The award value is $7,497, which is relatively small for hardware manufacturing. 5. The North American Industry Classification System (NAICS) code is 332510 (Hardware Manufacturing).

Value Assessment

Rating: fair

The award value of $7,497 is low, making direct comparison to larger contracts difficult. However, for basic security cabinets, this price point seems reasonable for a small quantity.

Cost Per Unit: N/A

Competition Analysis

Competition Level: limited

The contract was 'Competed Under SAP' (Simplified Acquisition Procedures), which typically involves smaller dollar values and may limit the number of potential bidders. This method can lead to quicker awards but might not always secure the lowest possible price.

Taxpayer Impact: The taxpayer impact is minimal given the small contract value of $7,497.

Public Impact

Ensures security for sensitive items within federal facilities. Supports the operational needs of the General Services Administration (GSA). Provides essential hardware for government asset protection.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Limited competition under SAP may not yield the best price.
Short contract duration could indicate a one-time need or potential for future competition.

Positive Signals

Award to a single vendor for a specific need.
Clear contract terms with a firm fixed price.

Sector Analysis

This contract falls under Hardware Manufacturing (NAICS 332510). Spending in this sector can vary widely, but this specific award is a small procurement, likely for specialized or immediate needs rather than large-scale manufacturing.

Small Business Impact

The data does not indicate if Lockmasters Inc. is a small business. Further analysis would be needed to determine the impact on small business participation.

Oversight & Accountability

The contract was awarded by the General Services Administration (GSA), a major federal agency responsible for procurement. Oversight would typically be managed through GSA's Federal Acquisition Service.

Related Government Programs

Hardware Manufacturing
General Services Administration Contracting
Federal Acquisition Service Programs

Risk Flags

Potential for higher cost due to limited competition.
Short contract duration may indicate a reactive procurement rather than strategic planning.
Lack of detail on specific security features.
Unknown impact on small businesses.

Frequently Asked Questions

What is this federal contract paying for?

General Services Administration awarded $7,497 to LOCKMASTERS INC. LOCK, COMBINATION, BASIC SELF-CONTAINED, DESIGNED AND USED FOR SECURITY CABINETS

Who is the contractor on this award?

The obligated recipient is LOCKMASTERS INC.

Which agency awarded this contract?

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

What is the total obligated amount?

The obligated amount is $7,497.

What is the period of performance?

Start: 2026-04-01. End: 2026-04-16.

What is the specific security requirement these cabinets are intended to fulfill?

The description 'BASIC SELF-CONTAINED, DESIGNED AND USED FOR SECURITY CABINETS' suggests these are standard, likely non-high-security, cabinets for general storage of items requiring basic protection. The exact security level or specific use case (e.g., storing documents, equipment, or controlled substances) is not detailed, which could impact the perceived value.

What is the risk associated with the limited competition under SAP for this procurement?

The primary risk of using Simplified Acquisition Procedures (SAP) is potentially higher pricing due to a smaller pool of bidders compared to full and open competition. While efficient for smaller purchases, it might mean the government didn't secure the absolute lowest price available in the market for these specific cabinets.

How effective is this procurement in meeting the government's long-term hardware needs?

This procurement appears to be a short-term, specific need fulfillment, indicated by the 15-day duration and low value. Its effectiveness lies in addressing an immediate requirement for security cabinets. It is unlikely to represent a strategic, long-term solution for the government's broader hardware acquisition strategy.

Industry Classification

NAICS: Manufacturing › Hardware Manufacturing › Hardware Manufacturing

Product/Service Code: HARDWARE AND ABRASIVES

Competition & Pricing

Extent Competed: COMPETED UNDER SAP

Solicitation Procedures: SIMPLIFIED ACQUISITION

Solicitation ID: 47QSSC25Q2701

Offers Received: 7

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 2101 JOHN C WATTS DR, NICHOLASVILLE, KY, 40356

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

Financial Breakdown

Contract Ceiling: $7,497

Exercised Options: $7,497

Current Obligation: $7,497

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED

Parent Contract

Parent Award PIID: 47QSSC25T000U

IDV Type: BPA

Timeline