693JJ320C000021 - FULL FUNDING TO AWARD NEW THREE-YEAR CONTRACT WITH...
Federal Contract Award Search » Definitive Contract Award
This Definitive Contract contract for Transportation Related Services > Research and Development was awarded in FY2020 on Sep 24, 2020 to New Jersey Institute Of Technology by Office of Research, Development and Technology. There have been $839.7k in obligations to date with a ceiling value of $839.7k, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 122 offers received. We expect a 4 year duration with ultimate completion date of Sep 30, 2024.
New Jersey Institute Of Technology is a contractor located in NJ, doing primarily Science/Engineering > Research and Development work for Army. The company receives $18.2M 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.
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.
- Contract Number
- 693JJ320C000021
- Contractor
- NEW JERSEY INSTITUTE OF TECHNOLOGY
- Obligations to Date
- $839.7k
- Ceiling Value
- $839.7k
- Award Date
- 09/24/2020
- Contract Type
- Definitive Contract
- Competition Set Aside Type
- No set aside used
- Buying Agency/Office
- Transportation»DOT Federal Highway Administration»Office of Research, Development and Technology
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