This IDC contract for Program Management was awarded in FY2023 on Jul 11, 2023 to AKCENT LLC by Bureau of Indian Affairs (BIA). There have been $2.5k in obligations to date with a ceiling value of $95M, showing a ~0% burn rate so far on the contract. The contract was competed under Indian Small Business Economic Enterprises preference program with 33 offers received. We expect a 5 year duration with ultimate completion date of Jun 13, 2028.
AKCENT LLC is a contractor located in VA, doing primarily Program Management work for Interior. Also, they have shown success winning IDC contracts concentrated mainly on a singular customer focused portfolio.
The Federal Government competes and awards an Indefinite Delivery Contract (IDC) to support requirements where the quantity and time of delivery are unknown. Typically referred to as Indefinite Delivery-Indefinite Quantity (IDIQ) contracts, the Government has the option of awarding a single or multiple award IDIQ. Once awarded, an IDIQ acts as a master agreement between the Federal Government and one or more contractors. On an as-needed basis, Federal buying organizations place orders, commonly referred to as Task Orders against an IDIQ, to purchase goods or services available through the IDIQ.
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