This is a Basic Ordering Agreement (BOA) contract with the General Services Administration (GSA), identified as GS04B41122, awarded to Somerset Properties Spe, LLC. The contract is for leasing services, with no set-asides used. The contract has a total ceiling value of $10,416,320.30 and an ultimate completion date of July 31, 2014.
The contract includes numerous task orders issued over the years by the GSA Office of Leasing, a civilian agency, for lease of office space in Raleigh, North Carolina. The task orders are primarily fixed-price with economic price adjustment, with ceiling values ranging from around $19,000 to over $2 million. The performance period for the task orders is typically from April or July to September 30 of a given year. The contract appears to provide a flexible vehicle for the government to obtain commercial leasing services as needed over the life of the BOA.