This Definitive Contract contract for Healthcare > Medical Practitioners was awarded in FY2024 on June 10, 2024 to RENAISSANCE CODE DEVELOPMENT, LLC by Nuclear Regulatory Commission (NRC). There have been $40k in obligations to date with a ceiling value of $2.4M, showing a 2% 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 July 31, 2029.
RENAISSANCE CODE DEVELOPMENT, LLC is a contractor located in OR, doing primarily Mental Health/Substance Abuse > Research and Development work for Nuclear Regulatory Commission (NRC). The company receives $676k 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.
Definitive contracts are single award contracts which usually result from publicly advertised Federal procurements. Historically, definitive contracts represented the most common pathway for the Federal Government to enter into agreements with contractors operating in the Federal market. With few exceptions, definitive contracts all the Federal Government purchase nearly every type of commodity, technology, or service. A known quantity or deliverable is a critical attribute of definitive contracts.
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