73351024C0025 - REGIONAL INNOVATION CLUSTERS FOR THE SMALL BUSINES...
Federal Contract Award Search » Definitive Contract Award
This Definitive Contract contract for Business Admin Services was awarded in FY2024 on Sep 27, 2024 to APPLIED RESEARCH INSTITUTE, INC. by Office of Investment and Innovation. There have been $500k in obligations to date with a ceiling value of $2.5M, showing a 20% burn rate so far on the contract. The contract was not competed under any preference program with 79 offers received. We expect a 5 year duration with ultimate completion date of Sep 27, 2029.
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
- 73351024C0025
- Contractor
- APPLIED RESEARCH INSTITUTE INC
- Obligations to Date
- $500k
- Ceiling Value
- $2.5M
- Award Date
- 09/27/2024
- Contract Type
- Definitive Contract
- Competition Set Aside Type
- No set aside used
- Buying Agency/Office
- Small Business Administration»Office of Investment and Innovation
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