DELP0000085 - TAS::89 0208::TAS PURSUANT TO THE AUTHORITY GRAN...

This IDC contract for Business Admin Services, Financial services was awarded in FY2013 on Nov 2, 2012 to PNC BANK NATIONAL ASSOCIATION by Office of Headquarters Procurement Services. There have been $7.9M in obligations to date with a ceiling value of $19.8M, showing a 40% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received. We expect a 6 year duration with ultimate completion date of Apr 29, 2018.

PNC BANK NATIONAL ASSOCIATION is a contractor located in KS, doing primarily Financial services work for International Development Finance Corporation. The company receives $1.5M 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.

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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Buying Agency/Office

Energy»DOE Office of Management»Office of Acquisition Management»Office of Headquarters Procurement Services

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