N3943015D1663 - BARRIERS CONSTRUCTION SERVICES (BASIC)

This IDC contract for Business Admin Services, Facility Related Services > Facilities Repair, Marine Products & Materials > Equipment Related Services, Science/Engineering > Professional Services was awarded in FY2015 on May 7, 2015 to VIRTUAL COMPUTING TECHNOLOGY, INC. by NAVFAC Engineering and Expeditionary Warfare Center. There have been $19.2M in obligations to date with a ceiling value of $90M, showing a 21% burn rate so far on the contract. The contract was competed under 8a Competed preference program with 5 offers received. We expect a 9 year duration with ultimate completion date of Sep 29, 2024.

VIRTUAL COMPUTING TECHNOLOGY, INC. is a contractor located in CA, doing primarily Program Management work for Navy. The company receives $1.3M 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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Buying Agency/Office

Navy»Naval Facilities Engineering Command (NAVFAC)»NAVFAC Engineering and Expeditionary Warfare Center

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