N0024409G0055 - TUITION AND FEES

This IDC contract for Education/Training > Human Capital was awarded in FY2009 on Jul 29, 2009 to Rector & Visitors Of The University Of Virginia by . There have been $1.9M in obligations to date with a ceiling value of $1.9M, 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 19 year duration with ultimate completion date of Dec 2, 2028.

Rector & Visitors Of The University Of Virginia is a contractor located in VA, doing primarily Education/Training > Human Capital work for National Aeronautics and Space Administration. The company receives $9.2M 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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