86616022D00004 - FIELD SERVICE MANAGEMENT AREA 1P/4P
Federal Contract Award Search » IDC Award
This IDC contract for Construction & Related Services > Architect, Engineering & Construction was awarded in FY2022 on Jun 14, 2022 to J G M PROPERTY GROUP, INC. by Housing. There have been $9.9M in obligations to date with a ceiling value of $59.2M, showing a 17% burn rate so far on the contract. The contract was not competed under any preference program with 5 offers received. We expect a 1 year duration with ultimate completion date of May 30, 2023.
J G M PROPERTY GROUP, INC. is a contractor located in MI, doing primarily Construction & Related Services > Architect, Engineering & Construction work for Housing and Urban Development. The company receives $20.2k annually in federal awards (as of FY2020). Also, they have shown success winning IDC 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.
- Contract Number
- 86616022D00004
- Contractor
- JGM PROPERTY GROUP, INC.
- Obligations to Date
- $9.9M
- Ceiling Value
- $59.2M
- Award Date
- 06/14/2022
- Contract Type
- IDC
- Competition Set Aside Type
- No set aside used
- Buying Agency/Office
- Housing and Urban Development»Housing
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Task Order History
| Task Order No. | Contractor | Obligations | Effective Date |
|---|---|---|---|
| 86616022F00035 | JGM PROPERTY GROUP, INC. | $9.9M | 06/16/2022 |
