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Department of Transportation Awarded a Contract to PREFERRED ELECTRIC, LLC for $2,735,529.66

Signed on

3/19/2024, 12:00 AM

PREFERRED ELECTRIC, LLC Government Contract #697DCK24C00137

PREFERRED ELECTRIC, LLC was awarded a contract with the United States Government for $2,735,529.66. The contract was awarded by the agency office 697DCK REGIONAL ACQUISITIONS SVCS, which is a division with the Federal Aviation Administration within the Department of Transportation.

Summary of Award

The recipient of the federal contract is Preferred Electric, LLC, a U.S.-owned business based in Minneapolis, Minnesota, specializing in maintenance services. The contract, funded by the Department of Transportation through the Federal Aviation Administration, is worth $2,735,529.66 and is for modernizing the MSP CAB, including new consoles, power, ceiling, and carpet. Notable transactions include a payment of $267,545 for the initial contract and subsequent modifications totaling $186,188.38 for additional work.

Contract Details

Contract ID697DCK24C00137
Contract TypeD
Total Obligation$2,735,529.66
Exercised Options$2,735,529.66
Base Amount + Options$2,735,529.66
Date Signed2024-03-19
Contract DescriptionNEW CONTRACT TO MODERNIZE THE MSP CAB. INCLUDING NEW CONSOLES, POWER, CEILING AND CARPET.
Start Date2024-03-19
End Date2025-04-01

Agency Details

Awarding AgencyDepartment of Transportation
Awarding Sub AgencyFederal Aviation Administration
Awarding Office697DCK REGIONAL ACQUISITIONS SVCS
Funding AgencyDepartment of Transportation
Funding Sub AgencyFederal Aviation Administration
Funding OfficeFAA

Recipient Details

RecipientPREFERRED ELECTRIC, LLC
Recipient Location2825 N 2ND ST MINNEAPOLIS MINNESOTA, UNITED STATES
Business CategoriesCategory Business, Corporate Entity Not Tax Exempt, Self-Certified Small Disadvantaged Business, Service Disabled Veteran Owned Business, Small Business, Special Designations, Subchapter S Corporation, U.S.-Owned Business, Veteran Owned Business

Comments

Award Transactions

Transaction #P00003 | $129,203.72May 5, 2025

Federal Aviation Administration, a sub agency of Department of Transportation, issued a payment of $129,203.72 to PREFERRED ELECTRIC, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00002 | $57,984.66February 3, 2025

Federal Aviation Administration, a sub agency of Department of Transportation, issued a payment of $57,984.66 to PREFERRED ELECTRIC, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00001 | $0.00November 4, 2024

Federal Aviation Administration, a sub agency of Department of Transportation, issued a payment of $0.00 to PREFERRED ELECTRIC, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0 | $2,677,545.00March 19, 2024

Federal Aviation Administration, a sub agency of Department of Transportation, issued a payment of $2,677,545.00 to PREFERRED ELECTRIC, LLC. The payment included a Subsidy Cost of $0.00.