GSA Awards $4,284 Contract for Basic Self-Contained Security Cabinets to Lockmasters Inc

Contract Overview

Contract Amount: $4,284 ($4.3K)

Contractor: Lockmasters Inc

Awarding Agency: General Services Administration

Start Date: 2026-04-06

End Date: 2026-04-21

Contract Duration: 15 days

Daily Burn Rate: $286/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 $4,284 to LOCKMASTERS INC for work described as: LOCK, COMBINATION, BASIC SELF-CONTAINED, DESIGNED AND USED FOR SECURITY CABINETS Key points: 1. The contract value is relatively small at $4,284. 2. Competition was conducted under Simplified Acquisition Procedures (SAP). 3. The primary risk is potential overpricing due to limited competition. 4. The sector is Hardware Manufacturing.

Value Assessment

Rating: fair

The contract value is very low, making a direct per-unit cost comparison difficult without more detailed specifications. However, for basic security cabinets, the price appears within a reasonable range for small-scale procurements.

Cost Per Unit: N/A

Competition Analysis

Competition Level: limited

The contract was competed under SAP, suggesting a limited competition environment. While SAP aims for fair and reasonable prices, the limited nature of the competition may not have driven the absolute lowest price.

Taxpayer Impact: The taxpayer impact is minimal given the small contract value.

Public Impact

Procurement of basic security hardware for government use. Supports the General Services Administration's (GSA) operational needs. Potential for future, larger contracts if performance is satisfactory.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Limited competition under SAP
Potential for price not being fully optimized

Positive Signals

Small contract value, limiting financial risk
Clear product description

Sector Analysis

This contract falls within the Hardware Manufacturing sector, specifically for security cabinets. Spending benchmarks for this niche are difficult to establish without more granular data, but the value suggests a minor procurement.

Small Business Impact

The data does not indicate if Lockmasters Inc. is a small business. The procurement method (SAP) is often used for small business set-asides, but this was not specified.

Oversight & Accountability

The contract was awarded by the GSA Federal Acquisition Service, which has established procurement processes. Oversight would focus on contract performance and adherence to terms.

Related Government Programs

Hardware Manufacturing
General Services Administration Contracting
Federal Acquisition Service Programs

Risk Flags

Potential for overpricing due to limited competition.
Lack of clarity on whether Lockmasters Inc. is an SMB.
Implied per-unit cost seems high for 'basic' cabinets.

Frequently Asked Questions

What is this federal contract paying for?

General Services Administration awarded $4,284 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 $4,284.

What is the period of performance?

Start: 2026-04-06. End: 2026-04-21.

What is the typical per-unit cost for basic self-contained security cabinets of this size and type?

Without specific dimensions and security ratings, a precise per-unit cost is hard to determine. However, basic security cabinets can range from $50 to $300+ depending on size, material, locking mechanism, and fire/water resistance. Given the $4,284 total for 7 units, the implied per-unit cost is around $612, which seems high for a 'basic' cabinet unless it includes specialized features or installation.

What are the risks associated with limited competition under SAP for this type of hardware?

Limited competition under SAP can lead to higher prices than a full and open competition might yield. There's also a risk that the government may not be aware of all available suppliers or the most innovative solutions. However, SAP is designed to balance efficiency with fair pricing for smaller procurements, so the risk is mitigated by the low dollar value.

How effective is this procurement in meeting the government's need for security cabinets?

The effectiveness hinges on the cabinet's specifications meeting the agency's actual security requirements and the durability of the product. The short duration (15 days) and fixed-price nature suggest a straightforward, readily available item. Assuming the product meets the stated needs, the procurement is likely effective for its intended, albeit small-scale, purpose.

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: $4,284

Exercised Options: $4,284

Current Obligation: $4,284

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED

Parent Contract

Parent Award PIID: 47QSSC25T000U

IDV Type: BPA

Timeline