W91QVN09A0032 - MOVEMENT OF GOVERNMENT FURNISHING

This IDC contract for Logistics > Transportation and Logistics Services was awarded in FY2009 on Sep 25, 2009 to YUSUNG INDUSTRY CO., LTD. by . There have been $1.3M in obligations to date with a ceiling value of $100M, showing a 1% burn rate so far on the contract. The contract was not competed under any preference program with 10 offers received. We expect a 6 year duration with ultimate completion date of Mar 30, 2015.

YUSUNG INDUSTRY CO., LTD. is a contractor located in GYEONGGI, doing primarily Logistics > Transportation and Logistics Services work for Army. The company receives $242k annually in federal awards (as of FY2020). Also, they have shown success winning No/Limited Bias 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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