M6785418C7846 - OVER 50 PERCENT OF REQUIREMENT TIED TO THIS CONTRA...
Federal Contract Award Search » Definitive Contract Award
This Definitive Contract contract for Training Aids & Devices was awarded in FY2018 on June 08, 2018 to FAAC INCORPORATED by Marine Corps Systems Command (MARCORSYSCOM). There have been $27.6M in obligations to date with a ceiling value of $28.9M, showing a 96% burn rate so far on the contract. The contract was not competed under any preference program with 3 offers received. We expect a 5 year duration with ultimate completion date of September 30, 2023.
FAAC INCORPORATED is a contractor located in MI, doing primarily Training Aids & Devices work for Army. The company receives $20.4M 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
- M6785418C7846
- Contractor
- FAAC INCORPORATED
- Obligations to Date
- $27.6M
- Ceiling Value
- $28.9M
- Award Date
- 06/08/2018
- Contract Type
- Definitive Contract
- Competition Set Aside Type
- No set aside used
- Buying Agency/Office
- Marine Corps » Marine Corps Systems Command (MARCORSYSCOM)
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