This Definitive Contract contract was awarded in FY2005 on Aug 25, 2005 to US WATERPROOFING SYSTEMS by MCIEAST Marine Corps Air Station Cherry Point. There have been $156.4k in obligations to date with a ceiling value of $156.4k, showing a 100% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 1 offer received.
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.
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