GSA awards $9,639 contract for security cabinets to Lockmasters Inc., highlighting hardware manufacturing sector

Contract Overview

Contract Amount: $9,639 ($9.6K)

Contractor: Lockmasters Inc

Awarding Agency: General Services Administration

Start Date: 2026-04-08

End Date: 2026-04-23

Contract Duration: 15 days

Daily Burn Rate: $643/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 $9,639 to LOCKMASTERS INC for work described as: LOCK, COMBINATION, BASIC SELF-CONTAINED, DESIGNED AND USED FOR SECURITY CABINETS Key points: 1. Contract value is relatively small, suggesting a specific need or limited scope. 2. Competition dynamics for this contract are not detailed but fall under Simplified Acquisition Procedures. 3. Performance risk appears low given the product type and short duration. 4. This contract is a single call against a broader Basic Ordering Agreement (BOA). 5. The award is to a single entity, Lockmasters Inc., indicating a specific supplier relationship. 6. The contract is for hardware manufacturing, specifically security cabinets.

Value Assessment

Rating: fair

The contract value of $9,639 is modest. Without specific details on the number of security cabinets or their specifications, a direct value-for-money assessment is challenging. However, given the small scale and the nature of the product (security cabinets), the price is likely within a reasonable range for specialized hardware. Benchmarking against similar government contracts for security cabinets would provide a clearer picture of cost-effectiveness.

Cost Per Unit: N/A

Competition Analysis

Competition Level: limited

The contract was competed under Simplified Acquisition Procedures (SAP), which typically involve less formal competition than larger procurements. The data indicates 7 offers were received, suggesting a degree of competition within the SAP framework. However, the specific nature of security cabinets might limit the number of qualified bidders, potentially leading to less aggressive price discovery compared to more commoditized items.

Taxpayer Impact: For taxpayers, the competition under SAP means that while some price discovery occurred, the potential for significant cost savings may be limited compared to full and open competition. The receipt of multiple offers is a positive sign for responsible spending.

Public Impact

Federal agencies requiring secure storage solutions will benefit from this contract. The services delivered include the provision of basic, self-contained security cabinets. The geographic impact is primarily within Kentucky, where the contractor is located, but the cabinets can be deployed nationwide. Workforce implications are minimal, likely involving manufacturing and logistics roles at the contractor's facility.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Limited competition under SAP may not yield the best possible pricing.
Lack of detailed specifications makes it hard to assess if the cabinets meet all potential user needs.
Short contract duration might indicate a pilot or a specific, immediate requirement rather than a long-term solution.

Positive Signals

Multiple offers received (7) indicate a functional level of market interest.
Contract awarded to a known entity (Lockmasters Inc.) suggests a degree of reliability.
The product is for security cabinets, addressing a clear government need.

Sector Analysis

The hardware manufacturing sector, classified under NAICS code 332510, encompasses establishments primarily engaged in manufacturing metal doors, windows, frames, and related hardware. This contract for security cabinets fits within this broader industry. The market for security hardware is driven by government and commercial demand for asset protection and data security. Comparable spending benchmarks would depend on the specific type and volume of cabinets procured.

Small Business Impact

The data indicates this contract was not set aside for small businesses (ss: false, sb: false). As a small value contract under SAP, it's unlikely to have significant subcontracting implications for small businesses unless Lockmasters Inc. voluntarily engages them. The primary impact is on the direct awardee, Lockmasters Inc., which is a small business itself.

Oversight & Accountability

Oversight for this contract would primarily fall under the General Services Administration (GSA), specifically the Federal Acquisition Service. As a BPA call under a larger agreement, existing oversight mechanisms for the BPA likely apply. Transparency is moderate, with basic award details available. Inspector General jurisdiction would apply if any fraud, waste, or abuse were suspected.

Related Government Programs

General Services Administration Federal Supply Schedule
Security and Storage Equipment Procurement
Hardware Manufacturing Contracts

Risk Flags

Potential for limited price competition under SAP.
Lack of detailed product specifications in summary data.
Short contract duration may indicate a specific, non-recurring need.

Frequently Asked Questions

What is this federal contract paying for?

General Services Administration awarded $9,639 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 $9,639.

What is the period of performance?

Start: 2026-04-08. End: 2026-04-23.

What is the track record of Lockmasters Inc. in fulfilling government contracts for security cabinets?

Lockmasters Inc. has been awarded this contract for security cabinets by the General Services Administration (GSA). While the provided data doesn't detail their full contract history, the award suggests they are a recognized supplier within the government procurement system for this type of product. Further analysis would require examining historical contract awards to Lockmasters Inc. from GSA and other agencies, looking at performance reviews, on-time delivery rates, and any past issues or commendations. The fact that they received this award, especially with multiple other offers considered, implies a baseline level of capability and compliance with federal acquisition regulations.

How does the pricing of this contract compare to similar government procurements for security cabinets?

The total contract value is $9,639 for a 15-day period, awarded under a Firm Fixed Price (FFP) contract. Without specific details on the quantity and specifications of the security cabinets, a direct price comparison is difficult. However, given the small total value, it suggests either a low quantity of cabinets or relatively basic models. To benchmark effectively, one would need to compare the price per cabinet (if quantity is known) against other GSA Schedule or other agency contracts for similar items. The fact that it was competed under SAP with 7 offers provides some indication that the price is competitive within that framework, but it may not represent the absolute lowest price achievable through broader competition.

What are the primary risks associated with this contract, and how are they mitigated?

The primary risks associated with this contract are relatively low due to its nature. These include potential risks related to product quality not meeting specific security requirements, delivery delays, or the contractor going out of business. Mitigation strategies are inherent in the contract type and award process. The Firm Fixed Price (FFP) structure shifts cost risk to the contractor. The short duration (15 days) limits the exposure period. The award to Lockmasters Inc., a known entity, suggests a degree of reliability. GSA's oversight and the competitive nature of the award (7 offers) also serve as risk mitigators, ensuring a baseline level of performance and pricing.

How effective is the competition level in ensuring value for taxpayers on this contract?

The contract was competed under Simplified Acquisition Procedures (SAP), with 7 offers received. This level of competition is considered adequate for procurements under the SAP threshold, indicating that multiple vendors had the opportunity to bid and that some price discovery likely occurred. However, SAP generally involves less stringent competition requirements than full and open competition. Therefore, while taxpayers likely received a fair price, the potential for achieving the absolute best value or significant cost savings might be limited compared to a large-scale, broadly competed contract. The effectiveness is moderate, balancing administrative efficiency with competitive pressure.

What is the historical spending pattern for security cabinets by the General Services Administration?

Analyzing the historical spending patterns for security cabinets by the GSA would require accessing historical contract databases and filtering for relevant Product Service Codes (PSCs) and keywords related to security cabinets. The provided data shows a single BPA call for $9,639 in 2026. This single data point is insufficient to establish a pattern. A comprehensive analysis would involve examining GSA's spending over several fiscal years, identifying trends in contract values, awardees, competition levels, and average prices paid for similar items. This would help determine if GSA's procurement strategy for security cabinets is consistent, cost-effective, and responsive to agency needs over time.

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: $9,639

Exercised Options: $9,639

Current Obligation: $9,639

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED

Parent Contract

Parent Award PIID: 47QSSC25T000U

IDV Type: BPA

Timeline