This IDC contract for Aerospace & Defense > Equipment Related Services was awarded in FY2023 on February 17, 2023 to NORTH POINT MARINE & INDUSTRIAL INC. by Deputy Commandant for Mission Support. There have been $359.8k in obligations to date with a ceiling value of $11.8M, showing a 3% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 12 offers received. We expect a 5 year duration with ultimate completion date of February 20, 2028.
NORTH POINT MARINE & INDUSTRIAL INC. is a contractor located in NH, doing primarily Aerospace & Defense > Equipment Related Services work for Homeland Security. The company receives $7.2M 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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|Task Order No.||Contractor||Obligations||Effective Date|
|70Z08023FMECP0010||NORTH POINT MARINE & INDUSTRIAL INC.||$244.5k||03/01/2023|
|70Z08023FMECP0012||NORTH POINT MARINE & INDUSTRIAL INC.||$115.2k||03/16/2023|