FA860122D0006 - BASEWIDE FURNITURE MAINTENANCE CONTRACT

This IDC contract for Furniture was awarded in FY2022 on Apr 14, 2022 to SPACE & ASSET MANAGEMENT INC. by 88th Civil Engineer Group. There have been $1.5M in obligations to date with a ceiling value of $9.5M, showing a 16% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 2 offers received. We expect a 5 year duration with ultimate completion date of Jul 30, 2027.

SPACE & ASSET MANAGEMENT INC. is a contractor located in OH, doing primarily Furniture work for Air Force. The company receives $3M 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

Air Force»Air Force Materiel Command»Air Force Life Cycle Management Center»88th Air Base Wing»88th Civil Engineer Group

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