DABJ0103A0026 -

This IDC contract for Detection & Coherent Radiation Equipment > Electronic & Communication Services, Education/Training > Human Capital was awarded in FY2004 on Jan 23, 2004 to FLORIDA INSTITUTE OF TECHNOLOGY, INC. by . There have been $251.5k in obligations to date with a ceiling value of $251.5k, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received. We expect a 16 year duration with ultimate completion date of Dec 30, 2020.

FLORIDA INSTITUTE OF TECHNOLOGY, INC. is a contractor located in FL, doing primarily Aerospace & Defense > Research and Development work for National Aeronautics and Space Administration. The company receives $2.3M annually in federal awards (as of FY2020). Also, they have shown success winning No/Limited Bias 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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