This Definitive Contract contract for Construction & Related Services > Architect, Engineering & Construction was awarded in FY2024 on Oct 6, 2023 to Arctic Slope Regional Corporation by Alaska District. There have been $1.3M in obligations to date with a ceiling value of $67.3M, showing a 2% 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, 2028.
Arctic Slope Regional Corporation is a contractor located in AK, doing primarily IT Outsourcing work for Defense. The company receives $1.4B annually in federal awards (as of FY2020). Also, they have shown success winning IDC contracts concentrated mainly on a singular customer focused portfolio. Arctic Slope Regional Corporation is a certified 8(a) contractor through Apr 8, 2026.
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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