This Definitive Contract contract for Facility Related Equipment > Equipment Related Services was awarded in FY2014 on Sep 29, 2014 to VELIZ COMPANY, LLC by Fort Bliss. There have been $181k in obligations to date with a ceiling value of $181k, showing a 100% burn rate so far on the contract. The contract was competed under 8(a) Sole Source preference program with 1 offer received. We expect a 1 year duration with ultimate completion date of Mar 30, 2015.
VELIZ COMPANY, LLC is a contractor located in TX, doing primarily Facility Related Services > Facilities Repair work for Army. The company receives $8.4M annually in federal awards (as of FY2020). Also, they have shown success winning IDC 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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