N6238715D6507 - MATERIAL MANAGEMENT AND PHYSICAL DISTRIBUTINO SE...
Federal Contract Award Search » IDC Award
This IDC contract for Logistics > Professional Services was awarded in FY2015 on Feb 13, 2015 to Future Technologies, Inc. by MSC Atlantic - Norfolk (MSCLANT). There have been $7.5M in obligations to date with a ceiling value of $17.5M, showing a 43% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 7 offers received. We expect a 6 year duration with ultimate completion date of Feb 9, 2021.
Future Technologies, Inc. is a contractor located in VA, doing primarily Business Admin Services work for Navy. The company receives $14.7M annually in federal awards (as of FY2020). Also, they have shown success winning IDC 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.
- Contract Number
- N6238715D6507
- Contractor
- FUTURE TECHNOLOGIES, INC
- Obligations to Date
- $7.5M
- Ceiling Value
- $17.5M
- Award Date
- 02/13/2015
- Contract Type
- IDC
- Competition Set Aside Type
- Small Business Set-Aside -- Total
- Buying Agency/Office
- Navy»Military Sealift Command»MSC Atlantic - Norfolk (MSCLANT)
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Task Order History
| Task Order No. | Contractor | Obligations | Effective Date |
|---|---|---|---|
| 0001 | FUTURE TECHNOLOGIES, INC | $7.5k | 02/13/2015 |
| 0002 | FUTURE TECHNOLOGIES, INC | $3.7M | 04/01/2015 |
| 0003 | FUTURE TECHNOLOGIES, INC | $644.8k | 04/09/2015 |
| 0005 | FUTURE TECHNOLOGIES, INC | $529.7k | 02/12/2016 |
| 0004 | FUTURE TECHNOLOGIES, INC | $1.1M | 02/12/2016 |
| 0010 | FUTURE TECHNOLOGIES, INC | $115.8k | 02/16/2016 |
| 0007 | FUTURE TECHNOLOGIES, INC | $102.3k | 02/16/2016 |
| 0009 | FUTURE TECHNOLOGIES, INC | $75.5k | 02/16/2016 |
| 0008 | FUTURE TECHNOLOGIES, INC | $97.3k | 02/16/2016 |
| 0006 | FUTURE TECHNOLOGIES, INC | $62.8k | 02/16/2016 |
| 0011 | FUTURE TECHNOLOGIES, INC | $109.2k | 02/16/2016 |
| 0012 | FUTURE TECHNOLOGIES, INC | $523.8k | 08/19/2016 |
| 0016 | FUTURE TECHNOLOGIES, INC | $38.3k | 08/19/2016 |
| 0017 | FUTURE TECHNOLOGIES, INC | $24k | 08/19/2016 |
| 0013 | FUTURE TECHNOLOGIES, INC | $256.6k | 08/19/2016 |
| 0019 | FUTURE TECHNOLOGIES, INC | $41.8k | 08/19/2016 |
| 0015 | FUTURE TECHNOLOGIES, INC | $37.5k | 08/19/2016 |
| 0014 | FUTURE TECHNOLOGIES, INC | $21k | 08/19/2016 |
| 0018 | FUTURE TECHNOLOGIES, INC | $43.8k | 08/19/2016 |
