General Services Administration Awarded a Contract to KONE INC for $63,174,041.00

Summary of Award

The US federal government awarded a Federal Supply Schedule Contract (IDV) with a total obligation of $0 to KONE Inc, a company based in Moline, Illinois. The contract was signed on September 1, 2002, and has a total value of $63,174,041 including all options. The contract falls under the category of "MAINT/REPAIR/REBUILD OF EQUIPMENT- SERVICE AND TRADE EQUIPMENT" with a product or service code of J035 and a NAICS code of 238290 for Other Building Equipment Contractors.

The contract was awarded through a negotiated proposal/quote process with full and open competition. There were 999 offers received for the contract, and it was not set aside for any specific group. The contract is for maintenance, repair, and rebuilding of equipment, and it does not involve any commercial item acquisition or testing programs.

KONE Inc is a subsidiary of KONE OYJ and is categorized as a "Category Business" not designated as a small business. The company operates in the United States and is located in Rock Island County, Illinois. The contract does not include a subcontracting plan as there are no subcontracting possibilities. The contract is set to run from October 1, 2002, to September 30, 2022, with a potential end date not specified. The funding agency for the contract is the General Services Administration, specifically the Federal Acquisition Service at the GSA/FAS Heartland Acquisition Center. Overall, the contract with KONE Inc for maintenance, repair, and rebuilding of equipment is a significant government spending initiative that will span over two decades, providing essential services for federal agencies.