This IDC contract for Industrial Products & Machinery > Industrial Products & Services was awarded in FY2020 on September 28, 2020 to Koenig & Bauer Group by BEP Manufacturing (Western Currency Facility). There have been $1.3M in obligations to date with a ceiling value of $18.6M, showing a 7% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received. We expect a 5 year duration with ultimate completion date of September 28, 2025.
Koenig & Bauer Group is a contractor doing primarily Industrial Products & Machinery > Industrial Products & Services work for Treasury. The company receives $14.6M 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.
Imagine a world where every report, every insight is tailored specifically to you. Our entire platform is configured around your past performance so that everything is relevant.
We start with the largest federal opportunity database, including forecasts and re-competes, and add layer a suite of pipeline management tools.
Our market-centric platform adds context to every pursuit. Every opportunity, every report, tailored specifically to you.
Find gaps in the market, identify key competitors and teaming partners, evaluate performance, and analyze pathways to new business.
If you do business with the Federal Government, you need Federal Compass.
We are a public sector market intelligence and solutions platform for government contracting.
|Task Order No.||Contractor||Obligations||Effective Date|