W912UM24D0005 - AN INDEFINITE DELIVERY INDEFINITE QUANTITY (IDIQ) ...
Federal Contract Award Search » IDC Award
This IDC contract for Facility Related Services > Facilities Repair was awarded in FY2024 on Jun 20, 2024 to SEONG BO CONSTRUCTION IND CO L by Far East District. There have been $3.5k in obligations to date with a ceiling value of $400M, showing a ~0% burn rate so far on the contract. The contract was not competed under any preference program with 10 offers received. We expect a 5 year duration with ultimate completion date of Dec 19, 2029.
SEONG BO CONSTRUCTION IND CO L is a contractor located in KYONGGI, doing primarily Facility Related Services > Facilities Repair work for Army. The company receives $12.8M 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.
- Contract Number
- W912UM24D0005
- Contractor
- SEONG BO CONST.IND.CO.,LTD.
- Obligations to Date
- $3.5k
- Ceiling Value
- $400M
- Award Date
- 06/20/2024
- Contract Type
- IDC
- Competition Set Aside Type
- No set aside used
- Buying Agency/Office
- Army»Army Corps of Engineers»Pacific Ocean Division»Far East District
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Task Order History
| Task Order No. | Contractor | Obligations | Effective Date |
|---|---|---|---|
| W912UM24F0038 | SEONG BO CONST.IND.CO.,LTD. | $3.5k | 06/20/2024 |
