This Definitive Contract contract was awarded in FY2022 on April 22, 2022 to ADVENTNET INCORPORATED by Maritime Administration. There have been $16.2k in obligations to date with a ceiling value of $24.3k, showing a 67% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received. We expect a 2 year duration with ultimate completion date of May 30, 2024.
ADVENTNET INCORPORATED is a contractor located in CA, doing primarily IT Software work for Justice. The company receives $58.7k 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.
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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