This Basic Ordering Agreement (BOA) awarded by the General Services Administration (GSA) to GPT Properties Trust provides commercial parking space rentals to the U.S. Department of Health and Human Services (HHS) National Institutes of Health (NIH) in the Bethesda, Maryland area. The BOA has a total ceiling value of $3,031,478.57 and an ultimate completion date of June 30, 2012. Under this IDV, GPT Properties Trust has been awarded numerous fixed-price delivery orders to rent parking spaces to NIH, typically for one-year periods with options to extend. The delivery orders are valued up to approximately $500,000 each, with the most recent awards in 2021 for 80 and 326 parking spaces. All of the task orders were awarded without any set-aside designations. Based on the award history, GPT Properties Trust appears to specialize in providing commercial parking space rentals to federal agencies, particularly to NIH, in the Bethesda area.
Task order details show the parking spaces are located in Minneapolis, Minnesota, even though the prime contractor and place of performance for the BOA are in Bethesda, Maryland. This suggests the BOA may have been originally solicited and awarded for parking services in multiple locations, but the majority of the task orders have been focused on the Bethesda area. The delivery orders utilize fixed-price with economic price adjustment pricing, indicating the rental rates are subject to periodic adjustments.