This Definitive Contract contract for Facility Related Services > Facilities Repair was awarded in FY2024 on Aug 27, 2024 to Sea Pac Engineering, Inc. by Honolulu District. There have been $4M in obligations to date with a ceiling value of $4M, 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 Dec 24, 2025.
Sea Pac Engineering, Inc. is a contractor located in CA, doing primarily Construction & Related Services > Architect, Engineering & Construction work for Navy. The company receives $30.1M 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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