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

Summary of Award

The awarded contract data extracted from usaspending.gov pertains to a "Delivery Order" contract, identified by the contract ID "GSP0414BV5008," issued by the General Services Administration (GSA), specifically through the Public Buildings Service (PBS). This contract highlights various aspects of its implementation and details significant engagement between the federal government and the recipient, Savills Inc.

**Overview of the Contract:**

The award, classified as a "Delivery Order" under the contract type category “C,” was signed on March 14, 2014, and it carries a unique identification code "CONT_AWD_GSP0414BV5008_4740_GS00P10BQD0003_4740." Although the base exercised options amount to zero, the contract stipulates that the base and all options collectively represent a commitment, with a performance period spanning from March 14, 2014, to December 31, 2024. The contract falls under the NAICS category 531210, meaning it involves activities aligned with "Offices of Real Estate Agents and Brokers." The product or service code (R402) further specifies the nature of services offered by Savills Inc., focusing on "Support- Professional: Real Estate Brokerage." **Recipient Details:** Savills Inc., the recipient of this contract, is a corporate entity recognized under various business categories, including being a U.S.-owned entity. They are situated in Washington, D.C., with their primary location marked as "1201 F ST NW STE 500" within the city. The business is characterized as a corporate entity that is not tax-exempt and is not designated a small business. Savills Inc. is part of a global real estate services provider known for offering specialized real estate, consultancy, and brokerage services, helping agencies with property management, leasing, and commercial assessments. **Awarding and Funding Agency:** The GSA's Public Buildings Service is responsible for both awarding and funding the contract. The PBS is a significant federal agency known for managing government properties and providing policy guidance on its buildings' construction and leasing. **Transactions Overview:** There are multiple transaction records associated with this contract, highlighting its modification and implementation phases over time: 1. **April 10, 2025, Transaction:** - Identified by modification number "PC08," this transaction was recorded post the stated period of performance, possibly indicating an extension or continued service provision as per the contract's potential end date. 2. **May 17, 2023, and March 4, 2021, Transactions:** - Modifications "PS07" and "PS05," respectively, showcase changes implemented mid-way through the contract life cycle, possibly addressing contractual adjustments or updates to service requirements. 3. **August 10, 2017, and April 22, 2016, Transactions:** - Modifications "AA03" and "PC02" reflect mid-phase adjustments, indicative of realignment with evolving agency needs or redefining deliverables under the contract agreement. 4. **March 3, 2015, Transaction:** - Marked by "PA01," this early transaction may underscore initial implementation nuances following the award issuance. 5. **March 14, 2014, Initial Transaction Date:** - The initial execution or formal issuance of the contract suggests commencing the agreed scope between GSA and Savills Inc. **Contractual and Procedural Specifics:** The contract is associated with “Full and Open Competition” as noted under the extent competed description, adhering to fair contracting practices. Despite the fair opportunity limitations, this ensures a transparent selection conducive to selecting the most capable provider. The solicitation followed the "Multiple Award Fair Opportunity" procedure, collaborating with four offers received during competitive selection. Savills Inc.'s engagement reflects conformity with federal contracting prerequisites, though various descriptions like "Commercial Products/Services Procedures Not Used" imply the contract did not leverage standard commercial item acquisition methods. Factors categorized as "Not Applicable," such as construction wage rate standards and sea transportation, further outline the contract's non-reliance on physical goods or construction-linked wage standards. Despite a stated total obligation of zero, this format of "Firm Fixed Price” contracts typically signifies pre-agreed terms consistent with ongoing government payments independent of varying cost factors, ensuring predictability in Savills Inc.'s revenue from this government engagement. **Conclusion:** Summarizing, this extensive evaluation demonstrates a long-term partnership between Savills Inc. and the General Services Administration, articulated through a stable yet adaptable service provision framework. The real estate brokerage services offered by Savills Inc. underscore their proficiency in managing federal property engagements, aligning to PBS's obligations toward effective federal facilities management. This robust contract underscores the agility required to accommodate government service adjustments while retaining aligned strategic, operational goals throughout the award's timeline.