Mission Ready Outlines Progressive Growth Plan for Government Contracting Division, Elaborates on GSA Schedule Program - Seite 2
GSA & Other Government Contracting Vehicles
The Company will continue to develop processes to improve its solicitation readiness as a holder of multiple government contracts including three General Services Administration (“GSA”) Schedules (“GSA Schedules”) with a combined procurement value estimated at $2.2 billion annually (based on 2018 figures), an aggregate of $11 billion over the term of the Company’s current GSA Schedules.
The Company recently reported that its newly-implemented processes and procedures have been developed to facilitate the full scope of government contracts held by the Company, including its GSA Schedules. All three of the GSA Schedules held by the Company have recently been renewed on the first of three 5-year option periods following the initial 5-year base. The potential duration of each contract is 20 years, assuming the exercise of all option periods. The Company’s current GSA Schedules include:
Schedule 84 | Schedule 78 | Schedule 51V | |
Description | Security, Fire & Law Enforcement | Sports, Promotional, Outdoor, Recreation, Trophies & Signs | Hardware Superstore |
Recent Renewal | May 31, 2018 | September 27, 2018 | February 1, 2018 |
Option Period | 1 of 3 | 1 of 3 | 1 of 3 |
Sales - 2018 | $1.3 Billion | $145 Million | $840 Million |
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GSA Overview
The General Services Administration is an independent
agency of the United States government established in 1949 to help manage and support the basic functioning of federal agencies. GSA supplies products and communications for U.S.
government offices, provides transportation and office space to federal employees, and develops government-wide cost-minimizing policies and other management tasks. GSA Schedule contracts were
created to streamline government purchasing of commercial products and services, leveraging the buying power of the United State federal government.