W81K0408A0008 - SPECIMENS

This IDC contract for Medical Equipment & Supplies > Medical Supplies/Equipment, Training Aids & Devices, Healthcare > Medical Practitioners was awarded in FY2008 on Aug 1, 2008 to University of Texas System by . There have been $151.4k in obligations to date with a ceiling value of $100M, showing a 0% burn rate so far on the contract. The contract was not competed under any preference program with 2 offers received. We expect a 5 year duration with ultimate completion date of Jul 30, 2013.

University of Texas System is a contractor located in TX, doing primarily Aerospace & Defense > Research and Development work for Navy. The company receives $197M 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.

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