N0017322C2004 - GEOSPACE REMOTE SENSING R&D, ENGINEERING.
Federal Contract Award Search » Definitive Contract Award
This Definitive Contract contract for Aerospace & Defense > Research and Development was awarded in FY2022 on Feb 1, 2022 to COMPUTATIONAL PHYSICS, INC. by Naval Research Laboratory (NRL). There have been $4.5M in obligations to date with a ceiling value of $12.7M, showing a 35% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 1 offer received. We expect a 5 year duration with ultimate completion date of Jan 31, 2027.
COMPUTATIONAL PHYSICS, INC. is a contractor located in VA, doing primarily Business Admin Services work for Navy. The company receives $4.9M 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.
- Contract Number
- N0017322C2004
- Contractor
- COMPUTATIONAL PHYSICS, INC.
- Obligations to Date
- $4.5M
- Ceiling Value
- $12.7M
- Award Date
- 02/01/2022
- Contract Type
- Definitive Contract
- Competition Set Aside Type
- Small Business Set-Aside -- Total
- Buying Agency/Office
- Navy»Office of Naval Research»Naval Research Laboratory (NRL)
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