N0010424DGW01 - 3-YEAR REQUIREMENTS CONTRACT FOR MULTIPLE COMMERCI...

This IDC contract for Petro-Chemical Industries > Industrial Products & Services, Hardware & Tools, Facility Related Equipment > Facility Equipment, Test & Measurement Supplies, Industrial Products & Machinery > Industrial Products & Services was awarded in FY2024 on Oct 4, 2023 to Integrated Procurement Technologies, Inc by NAVSUP Weapon Systems Support (WSS). There have been $1.7M in obligations to date with a ceiling value of $5.8M, showing a 30% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received. We expect a 3 year duration with ultimate completion date of Oct 9, 2026.

Integrated Procurement Technologies, Inc is a contractor located in OH, doing primarily Aerospace & Defense > Sustainment S&E work for Defense. The company receives $45.8M 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

Navy»Naval Supply Systems Command»NAVSUP Weapon Systems Support (WSS)

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