This IDC contract for Construction & Related Services > Architect, Engineering & Construction was awarded in FY2023 on May 3, 2023 to EXP Global, Inc by Fort Worth District. There have been $2.5k in obligations to date with a ceiling value of $48M, showing a ~0% burn rate so far on the contract. The contract was not competed under any preference program with 24 offers received. We expect a 5 year duration with ultimate completion date of May 1, 2028.
EXP Global, Inc is a contractor located in IL, doing primarily Construction & Related Services > Architect, Engineering & Construction work for Army. The company receives $27.7M 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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Task Order No. | Contractor | Obligations | Effective Date |
---|---|---|---|
W9126G23F0184 | EXP FEDERAL INC. | $2.5k | 05/05/2023 |