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General Services Administration Awarded a Contract to MIKE PEDERSEN'S LAKE CHARLES AUTO AUCTION INC for $648,988.75

Signed on

4/9/2025, 12:00 AM

MIKE PEDERSEN'S LAKE CHARLES AUTO AUCTION INC Government Contract #47QMCA25F2JK9

MIKE PEDERSEN'S LAKE CHARLES AUTO AUCTION INC was awarded a contract with the United States Government for $648,988.75. The contract was awarded by the agency office GSA/FAS AUTOMOTIVE CENTER, which is a division with the Federal Acquisition Service within the General Services Administration.

Summary of Award

The recipient of the federal contract is Mike Pedersen's Lake Charles Auto Auction Inc, a U.S.-owned business in Lake Charles, Louisiana, specializing in wholesale trade agents and brokers. The contract, funded by the General Services Administration's Federal Acquisition Service, is worth $648,988.75 and is for providing auction/sales funding for Lake Charles AA for R7. A notable transaction shows the award amount of $648,988.75 was issued on May 15, 2025, with no subsidy or loan value.

Contract Details

Contract ID47QMCA25F2JK9
Contract TypeC
Total Obligation$648,988.75
Exercised Options$648,988.75
Base Amount + Options$648,988.75
Date Signed2025-04-09
Contract DescriptionPROVIDE AUCTION/SALES FUNDING FOR LAKE CHARLES AA FOR R7
Start Date2025-05-15
End Date2026-05-14

Agency Details

Awarding AgencyGeneral Services Administration
Awarding Sub AgencyFederal Acquisition Service
Awarding OfficeGSA/FAS AUTOMOTIVE CENTER
Funding AgencyGeneral Services Administration
Funding Sub AgencyFederal Acquisition Service
Funding OfficeGSA/FAS AUTOMOTIVE CENTER

Recipient Details

RecipientMIKE PEDERSEN'S LAKE CHARLES AUTO AUCTION INC
Recipient Location2435 BROAD ST LAKE CHARLES LOUISIANA, UNITED STATES
Business CategoriesCategory Business, Corporate Entity Not Tax Exempt, Small Business, Special Designations, Subchapter S Corporation, U.S.-Owned Business

Comments

Award Transactions

Transaction #PSA898$0.00June 12, 2025

Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to MIKE PEDERSEN'S LAKE CHARLES AUTO AUCTION INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0$648,988.75April 9, 2025

Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $648,988.75 to MIKE PEDERSEN'S LAKE CHARLES AUTO AUCTION INC. The payment included a Subsidy Cost of $0.00.

Transaction #PA0001$-498,010.31April 13, 2026

Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $-498,010.31 to MIKE PEDERSEN'S LAKE CHARLES AUTO AUCTION INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #PSA898$0.00June 12, 2025

Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to MIKE PEDERSEN'S LAKE CHARLES AUTO AUCTION INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0$648,988.75April 9, 2025

Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $648,988.75 to MIKE PEDERSEN'S LAKE CHARLES AUTO AUCTION INC. The payment included a Subsidy Cost of $0.00.