This Definitive Contract contract for Support Ships & Small Craft > Vessels was awarded in FY2009 on Sep 25, 2009 to BASIC MARINE, INC. by Philadelphia District. There have been $8.3M in obligations to date with a ceiling value of $8.3M, showing a 100% 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 Feb 26, 2012.
BASIC MARINE, INC. is a contractor located in MI, doing primarily Logistics > Transportation and Logistics Services work for Environmental Protection Agency. 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.
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