General Services Administration Award | 47PD0223D0001 | MULTIPLE AWARD IDEFINITE DELIVERY INDEFINITE QUANTITY CONTRACT FOR GENERAL CONSTRUCTION SERVICES FOR GSA REGION 3. GEOGRAPHICAL BOUNDRIES PHILDELPHIA ...

47PD0223D0001 - MULTIPLE AWARD IDEFINITE DELIVERY INDEFINITE QUANT...

Federal Contract Award Search » IDC Award - GSA-PBS Region 3 General Construction Services MAC (2022)

This IDC contract for Facility Related Services > Facilities Repair was awarded in FY2023 on December 07, 2022 to BANCROFT VALIANT JOINT VENTURE LLC by PBS Region 3 Mid-Atlantic. There have been $6.5M in obligations to date with a ceiling value of $125M, showing a 5% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 44 offers received. We expect a 2 year duration with ultimate completion date of December 30, 2024.

BANCROFT VALIANT JOINT VENTURE LLC is a contractor located in DE, doing primarily Facility Related Services > Facilities Repair work for Veterans Affairs. 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.

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Contract Number
47PD0223D0001
Obligations to Date
$6.5M
Ceiling Value
$125M
Award Date
12/07/2022
Contract Type
IDC
Competition Set Aside Type
Small Business Set-Aside -- Total

Buying Agency/Office
General Services Administration » Public Buildings Service » PBS Regional Offices » PBS Region 3 Mid-Atlantic


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Task Order History

Task Order No. Contractor Obligations Effective Date
47PD0123F0028 BANCROFT VALIANT JOINT VENTURE, LLC $3.2M 08/25/2023
47PD0224F0050 BANCROFT VALIANT JOINT VENTURE, LLC $3.3M 07/08/2024

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