General Services Administration Awarded a Contract to SAVILLS INC. for $1.00

Summary of Award

The JSON response from usaspending.gov provides a comprehensive view of a federal contract awarded to Savills Inc., a prominent real estate services provider. This contract focuses on "Lease Acquisition Services Using No Appropriated Funds" as part of an Indefinite Delivery/Indefinite Quantity (IDIQ) agreement.

**Overview of the Contract:** This contract, identified by the code GS00P10BQD0003, was signed on June 21, 2010, and was structured under an IDIQ framework. Such contracts are utilized when the government anticipates a recurring need for services but cannot predict the precise quantity required, thus offering flexibility. This particular contract involves lease acquisition services provided by Savills Inc., indicating a focus on aiding government entities in acquiring necessary lease agreements without using appropriated funds. The contract concluded, or potential work concluded, on January 18, 2016, but it’s noteworthy that no financial obligations or subawards related to this contract are recorded, suggesting a streamlined or consolidated financial structure, or usage of other funding mechanisms outside this contract’s immediate scope.

**Awarding and Funding Agency:** Both the awarding and funding agency is the General Services Administration (GSA), specifically the Public Buildings Service (PBS) under the GSA. The GSA is a key federal agency that manages government buildings and real estate, provides procurement services, and develops policies related to federal properties. The PBS division focuses on effective and efficient property management and leasing operations for the federal government. **Contract Competition and Structure:** The competitive nature of the awarding process is highlighted by the receipt of 13 offers and the classification under "Full and Open Competition". This indicates that numerous potential contractors submitted proposals, demonstrating available market interest and asserting the contract’s accessibility to various bidders. The "No Set Aside Used" clause signifies that the contract was not restricted to a specific subset of businesses, such as small or minority-owned businesses. The pricing model adopted here is "Firm Fixed Price", which implies a predetermined price for the services, enhancing budget predictability for both Savills Inc. and the government. **Product and Service Codes:** The Product and Service Code (PSC) R402 and the North American Industry Classification System (NAICS) code 531210 further classify the contract work as real estate brokerage services. This includes activities related to the purchase, sale, renting, or leasing of real estate, providing a clear picture of the function Savills Inc. serves in this federal engagement. **Recipient Details - Savills Inc.:** Savills Inc., the contract recipient, is noted as a significant player in the real estate services industry, with its headquarters based in Washington D.C. As part of a global network, Savills offers a broad range of services, such as property management, tenant representation, and advisory services. In this specific context, Savills is tasked with managing aspects of federal lease agreements, aligning federal needs with suitable real estate opportunities. They are classified as a "Corporate Entity Not Tax Exempt" and a "U.S.-Owned Business," emphasizing their corporate status and domestic ownership. **Operational Scope and Performance:** Though the JSON data does not specify the exact geographic locations of the lease activities (termed "place of performance"), it suffices to say that Savills' extensive footprint and expertise likely supported the federal government in various regions. Notably, the absence of data concerning transaction-specific financial details or subawards may indicate either consolidated financial reporting or confidentiality clauses typical in larger IDIQ agreements. **Administrative and Contractual Notes:** The contract's administrative data also indicates no special set-aside designations or commercial item acquisition procedures were utilized for this contract, suggesting a straightforward but commercially significant agreement aligning with the federal government’s leasing needs. The contract's execution under the auspices of the PBS illustrates the intricate collaboration necessary to manage the federal real estate needs adeptly. **Conclusion:** Overall, this real estate acquisition contract showcases a significant federal relationship managed by the GSA and involving Savills Inc. for expert real estate brokerage services under a fixed price model. Despite showing no immediate financial obligations within this data capture, the contract plays a vital role in ensuring the federal agencies' property requirements are met efficiently and professionally, leveraging open market competition to derive optimal service benefits without direct appropriations, indicative of innovative funding and service solutions typical of IDIQ frameworks.