36C78625D0016 - MULTIPLE AWARD IDIQ CONTRACT FOR CONSTRUCTION SERV...
Federal Contract Award Search » IDC Award
This IDC contract for Construction & Related Services > Architect, Engineering & Construction was awarded in FY2025 on Nov 15, 2024 to Binary Exchange Technologies LLC by VA National Cemetery Administration. There have been no obligations to date with a ceiling value of $49M, showing a ~0% burn rate so far on the contract. The contract was competed under Service Disabled Veteran Owned Small Business Set-Aside preference program with 20 offers received. We expect a 10 year duration with ultimate completion date of Nov 15, 2034.
Binary Exchange Technologies LLC is a contractor located in MD, doing primarily Facility Related Services > Facilities Repair work for Navy. The company receives $5.6M 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
- 36C78625D0016
- Contractor
- BINARY EXCHANGE TECHNOLOGIES LLC
- Obligations to Date
- $0.00
- Ceiling Value
- $49M
- Award Date
- 11/15/2024
- Contract Type
- IDC
- Competition Set Aside Type
- Service Disabled Veteran Owned Small Business Set-Aside
- Buying Agency/Office
- Veterans Affairs»VA National Cemetery Administration
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