This IDC contract for Aerospace & Defense > Equipment Related Services was awarded in FY2010 on Jan 22, 2010 to Modutech Marine Inc by . There have been $251k in obligations to date with a ceiling value of $585k, showing a 43% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 2 offers received. We expect a 4 year duration with ultimate completion date of Jan 30, 2014.
Modutech Marine Inc is a contractor located in WA, doing primarily Support Ships & Small Craft > Vessels work for Navy. The company receives $12.7M 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 |
---|---|---|---|
0001 | MODUTECH MARINE INC | $116.9k | 01/26/2010 |
0002 | MODUTECH MARINE INC | $40k | 02/14/2011 |
0003 | MODUTECH MARINE INC | $80k | 02/07/2012 |
0004 | MODUTECH MARINE INC | $14.1k | 09/10/2013 |