$6.2M to Sylvan Forest for Lumber
Small business qualifier Sylvan Forest Products in Portland, OR received a $6.2 million modification to a previously awarded fixed-price with economic price adjustment contract for lumber and related products for the northwest region. Using services are the US Army, Navy, Air Force, Marine Corps and federal civilian agencies. The date of performance completion is Aug 19/08, and the Defense Supply Center Philadelphia in Philadelphia, PA issued the contract (SPM500-01-D-BP08).
Economic price adjustment contracts can receive modifications for 2 reasons: additional orders, or an adjustment to reflect a commodity’s rising price during a contract’s lifetime. Without that, small business qualifiers couldn’t afford to bid on many federal contracts due to the huge price fluctuation risk involved.