140D7018D0002 - THIS INDEFINITE DELIVERY INDEFINITE QUANTITY CO...

This IDC contract for Healthcare > Medical Practitioners, Business Admin Services was awarded in FY2018 on Mar 27, 2018 to Abbott Laboratories by DOI Office of Human Capital (OHC). There have been $7.4M in obligations to date with a ceiling value of $15M, showing a 50% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received. We expect a 5 year duration with ultimate completion date of Mar 30, 2023.

Abbott Laboratories is a contractor located in FL, doing primarily Test & Measurement Supplies work for Defense. The company receives $423.7M annually in federal awards (as of FY2020). 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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Buying Agency/Office

Interior»DOI Office of the Secretary»DOI Office of Policy, Management and Budget (PMB)»DOI-PMB Chief Human Capital Officer (CHCO)»DOI Office of Human Capital (OHC)

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