This Definitive Contract contract for Aerospace & Defense > Research and Development was awarded in FY2019 on Sep 27, 2019 to CUBRC, Inc. by Analytical Systems Branch (RIED). There have been $13.6M in obligations to date with a ceiling value of $13.6M, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 2 offers received. We expect a 7 year duration with ultimate completion date of Aug 3, 2026.
CUBRC, Inc. is a contractor located in NY, doing primarily Aerospace & Defense > Research and Development work for Army. The company receives $48.8M 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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