W56HZV24D0030 - PAD, TRACK SHOE - T-150
Federal Contract Award Search » IDC Award
This IDC contract for Automotive Parts & Products > Sustainment S&E was awarded in FY2024 on Feb 22, 2024 to VAREC NV by DFAS Columbus. There have been $717.2k in obligations to date with a ceiling value of $3.5M, showing a 21% burn rate so far on the contract. The contract was not competed under any preference program with 4 offers received. We expect a 5 year duration with ultimate completion date of Aug 1, 2029.
VAREC NV is a contractor located in MECHELEN, doing primarily Automotive Parts & Products > Sustainment S&E work for Army. The company receives $10.9M annually in federal awards (as of FY2020). Also, they have shown success winning No/Limited Bias 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
- W56HZV24D0030
- Contractor
- VAREC NV
- Obligations to Date
- $717.2k
- Ceiling Value
- $3.5M
- Award Date
- 02/22/2024
- Contract Type
- IDC
- Competition Set Aside Type
- No set aside used
- Buying Agency/Office
- Defense»Defense Finance and Accounting Service (DFAS)»DFAS Operations Directorate»DFAS Columbus
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Task Order History
| Task Order No. | Contractor | Obligations | Effective Date |
|---|---|---|---|
| W56HZV24F0170 | VAREC NV | $717.2k | 02/22/2024 |
