N6817104D4034 - NJ10A NAVAL REGIONAL CONTRACTING CENTE N681710...

This IDC contract for Aerospace & Defense > Research and Development, Logistics > Professional Services, Hardware & Tools, Passenger Travel, Construction Related Equipment > Facilities & Construction, Aerospace & Defense > Professional Services, Logistics > Transportation and Logistics Services, Business Admin Services, Office Products & Services, Logistics Equipment > Industrial Products & Services, Facility Related Services > Facilities Maintenance, Facility/Physical Security > Security and Protection, Petro-Chemical Industries > Transportation and Logistics Services, Construction Related Materials > Facilities & Construction, Automotive Parts & Products > Transportation and Logistics Services, Petro-Chemical Industries > Industrial Products & Services was awarded in FY2004 on Jul 15, 2004 to INCHCAPE SHIPPING SERVICES by . There have been $4.9M in obligations to date with a ceiling value of $4.9M, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 3 offers received. We expect a 8 year duration with ultimate completion date of Mar 30, 2012.

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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