47QSMA18C0003 - OTHER THAN SCHEDULE

This IDC contract for Furniture was awarded in FY2018 on Oct 25, 2017 to NEUTRAL POSTURE, INC. by Office of General Supplies and Services. There have been $4M in obligations to date with a ceiling value of $6.3M, showing a 64% 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 Oct 24, 2022.

NEUTRAL POSTURE, INC. is a contractor located in TX, doing primarily Furniture work for General Services Administration. The company receives $1.7M annually in federal awards (as of FY2020). Also, they have shown success winning IDC contracts concentrated mainly on a singular customer focused portfolio. NEUTRAL POSTURE, INC. is a certified 8(a) contractor through Oct 15, 2029.

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.

Read the full report

Buying Agency/Office

General Services Administration»Federal Acquisition Service»Office of General Supplies and Services

Read the full report