W91QVN18D0115 - MAXIMUM CONTRACT AMOUNT - K WORK

This IDC contract for Construction Related Equipment > Facilities & Construction, Facility Related Services > Facilities Repair was awarded in FY2018 on Apr 4, 2018 to SEONG BO CONSTRUCTION IND CO L by USAG Daegu. There have been $17.5M in obligations to date with a ceiling value of $245M, showing a 7% burn rate so far on the contract. The contract was not competed under any preference program with 33 offers received. We expect a 5 year duration with ultimate completion date of Oct 3, 2023.

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.

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Buying Agency/Office

Army»Army Materiel Command»Army Installation Management Command (IMCOM)»Pacific Region»USAG Daegu

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