This IDC contract for Logistics Equipment > Industrial Products & Services, Medical Equipment & Supplies > Medical Supplies/Equipment, Pharmaceuticals > Pharmaceutical Products was awarded in FY2017 on December 14, 2016 to Medtronic, Inc by Strategic Acquisition Center. There have been $213.9M in obligations to date with a ceiling value of $563.2M, showing a 38% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received. We expect a 7 year duration with ultimate completion date of June 12, 2023.
Medtronic, Inc is a contractor located in MN, doing primarily Medical Equipment & Supplies > Medical Supplies/Equipment work for Veterans Affairs. The company receives $166.1M 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|
|VA24917J1441||MEDTRONIC USA, INC.||$4.8k||12/14/2016|
|VA24817J1714||MEDTRONIC USA, INC.||$34.3k||12/14/2016|
|VA24817J1715||MEDTRONIC USA, INC.||$19.8k||12/14/2016|
|VA24817E3119||MEDTRONIC USA, INC.||$4.8k||12/14/2016|
|VA25517F2616||MEDTRONIC USA, INC.||$23.1k||12/15/2016|
|VA25017F2336||MEDTRONIC USA, INC.||$25.2k||12/15/2016|
|VA24917E1339||MEDTRONIC USA, INC.||$114.4k||12/15/2016|
|VA25617J1923||MEDTRONIC USA, INC.||$19.1k||12/17/2016|
|VA24817J1748||MEDTRONIC USA, INC.||$6.6k||12/19/2016|
|VA26317J1181||MEDTRONIC USA, INC.||$24.8k||12/19/2016|
|VA26317J1206||MEDTRONIC USA, INC.||$0k||12/20/2016|
|VA24817E2465||MEDTRONIC USA, INC.||$331k||12/20/2016|
|VA24117J0493||MEDTRONIC USA, INC.||$5k||12/21/2016|
|VA24817E2562||MEDTRONIC USA, INC.||$334.6k||12/23/2016|
|VA25017F1224||MEDTRONIC USA, INC.||$23.8k||12/27/2016|
|VA25017F2144||MEDTRONIC USA, INC.||$22.1k||12/27/2016|
|VA24617J2066||MEDTRONIC USA, INC.||$17.7k||12/27/2016|
|VA25017F1253||MEDTRONIC USA, INC.||$24.1k||12/28/2016|
|VA69D17F2346||MEDTRONIC USA, INC.||$21.5k||12/28/2016|
|VA24817J1703||MEDTRONIC USA, INC.||$5.2k||12/28/2016|