This Definitive Contract contract for Furniture was awarded in FY2020 on Jun 10, 2020 to Akima by DOT Federal Motor Carrier Safety Administration. There have been $501.7k in obligations to date with a ceiling value of $501.7k, 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 Jan 31, 2021.
Akima is a contractor located in VA, doing primarily IT Outsourcing work for Air Force. The company receives $1.3B 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. Akima is a certified 8(a) contractor through Feb 2, 2028.
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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