This Definitive Contract contract for Business Admin Services was awarded in FY2023 on September 14, 2023 to Bering Straits by USDA Office of the Chief Information Officer. There have been $152.9k in obligations to date with a ceiling value of $5M, showing a 3% burn rate so far on the contract. The contract was competed under 8(a) Sole Source preference program with 1 offer received. We expect a 5 year duration with ultimate completion date of April 19, 2028.
Bering Straits is a contractor located in AK, doing primarily Security Guard/Protection Services work for Army. The company receives $421.2M annually in federal awards (as of FY2020). Also, they have shown success winning IDC contracts concentrated mainly on a singular customer focused portfolio. Bering Straits is a certified 8(a) contractor through October 16, 2026.
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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