This Definitive Contract contract for IT Outsourcing was awarded in FY2011 on Oct 5, 2010 to LAKERIDGE CIRCLE ASSOCIATES, LLC by 82nd Contracting Squadron. There have been $501.6k in obligations to date with a ceiling value of $2.1M, showing a 24% burn rate so far on the contract. The contract was competed under Service Disabled Veteran Owned Small Business Set-Aside preference program with 13 offers received. We expect a 5 year duration with ultimate completion date of Sep 30, 2015.
LAKERIDGE CIRCLE ASSOCIATES, LLC is a contractor located in NJ, doing primarily IT Software work for Navy. The company receives $14k 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.
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