This Definitive Contract contract for Industrial Products & Machinery > Industrial Products & Services was awarded in FY2018 on Jun 29, 2018 to LORMAR RECLAMATION SERVICE, LLC by Oklahoma City Air Logistics Complex. There have been $2.8M in obligations to date with a ceiling value of $2.8M, showing a 100% burn rate so far on the contract. The contract was competed under Women Owned Small Business preference program with 2 offers received. We expect a 5 year duration with ultimate completion date of Dec 31, 2023.
LORMAR RECLAMATION SERVICE, LLC is a contractor located in OK, doing primarily Industrial Products & Machinery > Industrial Products & Services work for Air Force. The company receives $454.7k 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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