This Definitive Contract contract for Business Admin Services was awarded in FY2022 on Aug 29, 2022 to BOWHEAD by ICE Office of the Principal Legal Advisor (OPLA). There have been $29.4M in obligations to date with a ceiling value of $50.2M, showing a 59% burn rate so far on the contract. The contract was competed under 8a Competed preference program with 10 offers received. We expect a 5 year duration with ultimate completion date of Sep 24, 2027.
BOWHEAD is a contractor located in VA, doing primarily Science/Engineering > Professional Services work for Army. The company receives $335.6M annually in federal awards (as of FY2020). Also, they have shown success winning IDC contracts concentrated mainly on a singular customer focused portfolio. BOWHEAD is a certified 8(a) contractor through Jul 23, 2030.
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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