86615624C00010 - MANUFACTURED HOUSING DESIGN APPROVAL INSPECTION AG...
Federal Contract Award Search » Definitive Contract Award
This Definitive Contract contract for Science/Engineering > Professional Services was awarded in FY2024 on Sep 27, 2024 to INSTITUTE FOR BUILDING TECHNOLOGY AND SAFETY by Risk Management and Regulatory Affairs. There have been $1.8M in obligations to date with a ceiling value of $9.7M, showing a 19% burn rate so far on the contract. The contract was not competed under any preference program with 3 offers received. We expect a 5 year duration with ultimate completion date of Sep 30, 2029.
INSTITUTE FOR BUILDING TECHNOLOGY AND SAFETY is a contractor located in VA, doing primarily Science/Engineering > Professional Services work for Housing and Urban Development. The company receives $5M 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
- 86615624C00010
- Contractor
- INSTITUTE FOR BUILDING TECHNOLOGY AND SAFETY
- Obligations to Date
- $1.8M
- Ceiling Value
- $9.7M
- Award Date
- 09/27/2024
- Contract Type
- Definitive Contract
- Competition Set Aside Type
- No set aside used
- Buying Agency/Office
- Housing and Urban Development»Housing»Risk Management and Regulatory Affairs
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