W911QY24C0055 - RARE EARTH PHOSPHOR MATERIALS FOR USE IN OTHER GOV...
Federal Contract Award Search » Definitive Contract Award
This Definitive Contract contract for Industrial Products & Machinery > Industrial Products & Services was awarded in FY2024 on Aug 16, 2024 to INTELLIGENT MATERIAL SOLUTIONS, INC. by Soldier Center. There have been $350k in obligations to date with a ceiling value of $350k, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received. We expect a 1 year duration with ultimate completion date of Aug 22, 2025.
INTELLIGENT MATERIAL SOLUTIONS, INC. is a contractor located in NJ, doing primarily Industrial Products & Machinery > Industrial Products & Services work for Army. The company receives $299k 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.
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.
- Contract Number
- W911QY24C0055
- Contractor
- INTELLIGENT MATERIAL SOLUTIONS, INC.
- Obligations to Date
- $350k
- Ceiling Value
- $350k
- Award Date
- 08/16/2024
- Contract Type
- Definitive Contract
- Competition Set Aside Type
- No set aside used
- Buying Agency/Office
- Army»Army Futures Command»Combat Capabilities Development Command»Soldier Center
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