N6852023D0014 - THE PURPOSE OF THIS ACTION IS FOR PREVENTATIVE MAI...
Federal Contract Award Search » IDC Award
This IDC contract for Aerospace & Defense > Equipment Related Services was awarded in FY2023 on Aug 17, 2023 to FERROTHERM CORPORATION by Commander Fleet Readiness Centers (COMFRC). There have been $30.8k in obligations to date with a ceiling value of $197.6k, showing a 16% 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 6 year duration with ultimate completion date of Aug 9, 2029.
FERROTHERM CORPORATION is a contractor located in OH, doing primarily Aerospace & Defense > Sustainment S&E work for Air Force. The company receives $810.4k 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
- N6852023D0014
- Contractor
- FERROTHERM CORP
- Obligations to Date
- $30.8k
- Ceiling Value
- $197.6k
- Award Date
- 08/17/2023
- Contract Type
- IDC
- Competition Set Aside Type
- Small Business Set-Aside -- Total
- Buying Agency/Office
- Navy»Naval Air Systems Command»Commander Fleet Readiness Centers (COMFRC)
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Task Order History
| Task Order No. | Contractor | Obligations | Effective Date |
|---|---|---|---|
| N6852024F0010 | FERROTHERM CORP | $6k | 10/26/2023 |
| N6852024F0033 | FERROTHERM CORP | $6k | 12/14/2023 |
| N6852024F0034 | FERROTHERM CORP | $3k | 01/05/2024 |
| N6852024F0099 | FERROTHERM CORP | $3k | 04/17/2024 |
| N6852024F0058 | FERROTHERM CORP | $3k | 05/16/2024 |
| N6852024F0208 | FERROTHERM CORP | $3k | 06/18/2024 |
| N6852024F0250 | FERROTHERM CORP | $6.8k | 09/03/2024 |
