47QMCA25D0004 - OTHER THAN SCHEDULE

This IDC contract for Automotive Parts & Products > Transportation and Logistics Services was awarded in FY2025 on Nov 4, 2024 to FUTUREBUD INTERNATIONAL CO., LTD. by Office of Travel, Transportation and Logistics Categories. There have been $3.5M in obligations to date with a ceiling value of $132.3M, showing a 3% burn rate so far on the contract. The contract was not competed under any preference program with 13 offers received. We expect a 5 year duration with ultimate completion date of Feb 13, 2029.

FUTUREBUD INTERNATIONAL CO., LTD. is a contractor doing primarily Automotive Parts & Products > Transportation and Logistics Services work for Marine Corps. The company receives $1.9M 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.

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Buying Agency/Office

General Services Administration»Federal Acquisition Service»Office of Travel, Transportation and Logistics Categories

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