FA875023C0270 - ADVANCED ALGORITHM DEVELOPMENT FOR SPACE SITUATION...
Federal Contract Award Search » Definitive Contract Award
This Definitive Contract contract for Aerospace & Defense > Research and Development was awarded in FY2023 on Sep 28, 2023 to Virginia Polytechnic Institute and State University by Analytical Systems Branch (RIED). There have been $315k in obligations to date with a ceiling value of $5M, showing a 6% burn rate so far on the contract. The contract was not competed under any preference program with 2 offers received. We expect a 4 year duration with ultimate completion date of Sep 27, 2027.
Virginia Polytechnic Institute and State University is a contractor located in VA, doing primarily Science/Engineering > Research and Development work for Transportation. The company receives $17M 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.
- Contract Number
- FA875023C0270
- Obligations to Date
- $315k
- Ceiling Value
- $5M
- Award Date
- 09/28/2023
- Contract Type
- Definitive Contract
- Competition Set Aside Type
- No set aside used
- Buying Agency/Office
- Air Force»Air Force Materiel Command»Air Force Research Laboratory»Information Directorate (RI)»Intelligence Systems (RIE)»Analytical Systems Branch (RIED)
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