Delivery Order GS36FGA001-47QRAC18F0001
Active Awarded Last action
- Contract number
- 47QRAC18F0001
- Awardee
-
U.s. Bancorp UEI JTNLSVRJGFM3
- Awarding agency
-
Federal Acquisition Service
General Services Administration
- Obligated
- $0
Award facts
- Opportunity
-
- QRACDR170001D Solicitation number
- Contract value 0% obligated
-
- $0.00 Current, with exercised options
- $1.00 Potential, with all options
- Completion date 62% complete
-
- Current, with exercised options
- Potential, with all options
- Contracting staff
- Funding agency
- Office of the Secretary of Defense Department of Defense
- NAICS code
- 522110 Commercial Banking
- PSC
- R710 Support- Management: Financial
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 2 offers Multiple Award, Fair Opportunity
- Pricing
- Firm Fixed Price
- Place of performance
- Minneapolis, MN 55402, USA
- Legislative mandates
-
- Other statutory authority
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Exercise an Option | $0 | |
| Other Administrative Action | $0 | |
| Modification | $0 | |
| Exercise an Option | $0 | |
| Supplemental Agreement for work within scope | $0 |
About this award
U.S. Bancorp, doing business as US Bank NA, received a delivery order award valued at $675 million under the GSA Schedule Program (SP3) from the Office of the Secretary of Defense on May 10, 2018. This firm fixed-price contract represents an exercise of Option Period 2 and extends through November 29, 2031, with performance to be conducted in Minneapolis, Minnesota. The award was made without a set-aside designation, reflecting U.S. Bancorp's competitive standing as a large commercial banking entity. As a prime contractor, U.S. Bancorp will provide financial services capabilities aligned with its demonstrated expertise in payment processing, electronic funds transfer, and specialized banking solutions for federal government operations.
This delivery order falls under U.S. Bancorp's broader GSA Multiple Award Schedule contract with the Federal Acquisition Service, which covers Information Technology Professional Services and Electronic Commerce and Subscription Services. The company's federal contracting portfolio demonstrates significant experience serving defense and civilian agencies through services including third-party payment systems, lockbox operations, fleet card management, and payment processing for federal programs. The Defense Department's selection of U.S. Bancorp for this substantial vehicle reflects the agency's reliance on the contractor's financial infrastructure and payment processing capabilities to support ongoing defense operations and administrative functions.
Quick answers
Who was awarded contract 47QRAC18F0001?
47QRAC18F0001 was awarded to U.s. Bancorp by Federal Acquisition Service (General Services Administration) on May 10, 2018.
How much is contract 47QRAC18F0001 worth?
The government has obligated $0 on 47QRAC18F0001. Its potential value, with all options, is $1.
Which agency awarded contract 47QRAC18F0001?
Federal Acquisition Service (General Services Administration) awarded 47QRAC18F0001, with funding from Office of the Secretary of Defense (Department of Defense).
Is contract 47QRAC18F0001 an order under another contract?
Yes. 47QRAC18F0001 is a delivery order under GS36FGA001, an indefinite delivery contract.
Was contract 47QRAC18F0001 competed?
The extent of competition for 47QRAC18F0001 was full and open competition. The government received 2 offers.
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