This IDC contract for IT Hardware was awarded in FY2023 on Apr 6, 2023 to POLARIS SMALL BUSINESS JV LLC by DFC Office of Administration. There have been no obligations to date with a ceiling value of $300M, showing a ~0% burn rate so far on the contract. The contract was not competed under any preference program with 43 offers received. We expect a 5 year duration with ultimate completion date of Apr 1, 2028.
POLARIS SMALL BUSINESS JV LLC is a contractor located in VA, doing primarily IT Hardware work for International Development Finance Corporation. Also, they have shown success winning No/Limited Bias contracts concentrated mainly on a singular customer focused portfolio.
The Federal Government competes and awards an Indefinite Delivery Contract (IDC) to support requirements where the quantity and time of delivery are unknown. Typically referred to as Indefinite Delivery-Indefinite Quantity (IDIQ) contracts, the Government has the option of awarding a single or multiple award IDIQ. Once awarded, an IDIQ acts as a master agreement between the Federal Government and one or more contractors. On an as-needed basis, Federal buying organizations place orders, commonly referred to as Task Orders against an IDIQ, to purchase goods or services available through the IDIQ.
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