24322620D0005 - POSTAGE FUNDING FOR MULTIPLE PITNEY BOWES MAIL MET...
Federal Contract Award Search » IDC Award
This IDC contract for Office Products & Services, Package Delivery & Packaging > Transportation and Logistics Services, Business Admin Services was awarded in FY2020 on Jun 12, 2020 to PITNEY BOWES BANK, INC., THE by OPM Office of Procurement Operations. There have been $3.4M in obligations to date with a ceiling value of $7.5M, showing a 46% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received. We expect a 4 year duration with ultimate completion date of Sep 15, 2024.
PITNEY BOWES BANK, INC., THE is a contractor located in UT, doing primarily Package Delivery & Packaging > Transportation and Logistics Services work for Health and Human Services. The company receives $3.7M annually in federal awards (as of FY2020). Also, they have shown success winning No/Limited Bias 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.
- Contract Number
- 24322620D0005
- Contractor
- PITNEY BOWES BANK, INC., THE
- Obligations to Date
- $3.4M
- Ceiling Value
- $7.5M
- Award Date
- 06/12/2020
- Contract Type
- IDC
- Competition Set Aside Type
- No set aside used
- Buying Agency/Office
- Office of Personnel Management»OPM Office of the Director»OPM Office of Procurement Operations
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Task Order History
| Task Order No. | Contractor | Obligations | Effective Date |
|---|---|---|---|
| 24322620F0229 | PITNEY BOWES BANK, INC., THE | $0.00 | 09/29/2020 |
| 24322620F0227 | PITNEY BOWES BANK, INC., THE | $0.00 | 09/30/2020 |
| 24322621F0327 | PITNEY BOWES BANK, INC., THE | $10k | 09/15/2021 |
| 24322621F0352 | PITNEY BOWES BANK, INC., THE | $700k | 09/24/2021 |
| 24322622F0156 | PITNEY BOWES BANK, INC., THE | $300k | 08/04/2022 |
| 24322622F0198 | PITNEY BOWES BANK, INC., THE | $10k | 09/08/2022 |
| 24322622F0237 | PITNEY BOWES BANK, INC., THE | $70k | 09/30/2022 |
| 24322623F0080 | THE PITNEY BOWES BANK, INC. | $420k | 04/10/2023 |
| 24322623F0095 | THE PITNEY BOWES BANK, INC. | $300k | 05/16/2023 |
| 24322623F0158 | THE PITNEY BOWES BANK, INC. | $15k | 08/18/2023 |
| 24322623F0240 | THE PITNEY BOWES BANK, INC. | $300k | 09/29/2023 |
| 24361823F0020 | THE PITNEY BOWES BANK, INC. | $700k | 09/29/2023 |
| 24322624F0187 | THE PITNEY BOWES BANK, INC. | $605k | 09/05/2024 |
