73351019C0006 - REGIONAL INNOVATION CLUSTER INITIATIVE SERVICES - ...
Federal Contract Award Search » Definitive Contract Award
This Definitive Contract contract for Business Admin Services was awarded in FY2019 on Dec 19, 2018 to AGLAUNCH INITIATIVE by Office of Entrepreneurial Development. There have been $2.5M in obligations to date with a ceiling value of $2.5M, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 44 offers received. We expect a 6 year duration with ultimate completion date of Jan 14, 2024.
AGLAUNCH INITIATIVE is a contractor located in TN, doing primarily Business Admin Services work for Small Business Administration. The company receives $500k 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
- 73351019C0006
- Contractor
- AGLAUNCH INITIATIVE
- Obligations to Date
- $2.5M
- Ceiling Value
- $2.5M
- Award Date
- 12/19/2018
- Contract Type
- Definitive Contract
- Competition Set Aside Type
- No set aside used
- Buying Agency/Office
- Small Business Administration»Office of Entrepreneurial Development
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