This Definitive Contract contract was awarded in FY2010 on Sep 27, 2010 to RAND & JONES ENTERPRISES COMPANY, INC. by DOT Great Lakes St. Lawrence Seaway Development Corporation (GLS). There have been $418k in obligations to date with a ceiling value of $418k, showing a 100% burn rate so far on the contract. The contract was competed under HUBZone Set-Aside preference program with 4 offers received. We expect a 1 year duration with ultimate completion date of Aug 24, 2011.
RAND & JONES ENTERPRISES COMPANY, INC. is a contractor located in NY, doing primarily Facility Related Services > Facilities Repair work for Air Force. The company receives $1.9M annually in federal awards (as of FY2020). Also, they have shown success winning IDC 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.
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