W9123624D5001 - THE GOVERNMENT WILL AWARD A SINGLE-AWARD TASK ORDE...
Federal Contract Award Search » IDC Award
This IDC contract for Construction & Related Services > Architect, Engineering & Construction was awarded in FY2024 on Aug 13, 2024 to THREE OAKS CONSTRUCTION, INC by Norfolk District. There have been $12M in obligations to date with a ceiling value of $75M, showing a 16% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 3 offers received. We expect a 3 year duration with ultimate completion date of Aug 6, 2027.
THREE OAKS CONSTRUCTION, INC is a contractor located in SD, doing primarily Construction & Related Services > Architect, Engineering & Construction work for Army. 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.
- Contract Number
- W9123624D5001
- Contractor
- THREE OAKS CONSTRUCTION, INC
- Obligations to Date
- $12M
- Ceiling Value
- $75M
- Award Date
- 08/13/2024
- Contract Type
- IDC
- Competition Set Aside Type
- Small Business Set-Aside -- Total
- Buying Agency/Office
- Army»Army Corps of Engineers»North Atlantic Division»Norfolk District
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