This Definitive Contract contract for Facility Related Services > Facilities Repair was awarded in FY2024 on Mar 5, 2024 to LEGEND CONSTRUCTION AND PAINTING INC. by Western District of North Carolina. There have been $44.8k in obligations to date with a ceiling value of $44.8k, showing a 100% burn rate so far on the contract. The contract was competed under 8(a) Sole Source preference program with 1 offer received. We expect a 1 year duration with ultimate completion date of Mar 31, 2025.
LEGEND CONSTRUCTION AND PAINTING INC. is a contractor located in CA, doing primarily Facility Related Services > Facilities Repair work for General Services Administration. The company receives $3.2M 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. LEGEND CONSTRUCTION AND PAINTING INC. is a certified 8(a) contractor through Feb 23, 2025.
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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