This IDC contract for Public Relations and Professional Communications Services, Business Admin Services was awarded in FY2018 on September 28, 2018 to V STUDIOS INCORPORATED by Chemical Safety and Hazard Investigation Board. There have been $814k in obligations to date with a ceiling value of $2.5M, showing a 33% burn rate so far on the contract. The contract was not competed under any preference program with 7 offers received. We expect a 5 year duration with ultimate completion date of September 27, 2023.
V STUDIOS INCORPORATED is a contractor located in VA, doing primarily Business Admin Services work for Chemical Safety and Hazard Investigation Board. The company receives $295k 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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|Task Order No.||Contractor||Obligations||Effective Date|
|95315818F0031||V STUDIOS, INC.||$150k||09/28/2018|
|20356219F00027||V STUDIOS, INC.||$150k||09/26/2019|
|20356220F00005||V STUDIOS, INC.||$220k||06/16/2020|
|20356220F00009||V STUDIOS, INC.||$75k||08/07/2020|
|20356221F00006||V STUDIOS, INC.||$123k||05/26/2021|
|20356222F00011||V STUDIOS, INC.||$96k||07/29/2022|