This Definitive Contract contract for Passenger Travel was awarded in FY2000 on November 30, 9039 to MEMPHIS BEST SUITES LLC by Tennessee Valley Authority. There have been $200k in obligations to date with a ceiling value of $200k, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 2 offers received. We expect a 2 year duration with ultimate completion date of August 15, 2002.
MEMPHIS BEST SUITES LLC is a contractor located in TN, doing primarily Passenger Travel work for Tennessee Valley Authority. Also, they have shown success winning No/Limited Bias 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.
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