1333ND21DNB770031 - CONTRACTOR PERFORMANCE OF NIST TEXT RETRIEVAL CONF...

This IDC contract for IT Outsourcing, Agriculture > Animals, Science/Engineering > Research and Development, Records Management > Professional Services was awarded in FY2021 on September 20, 2021 to TREC ASSESSORS LLC by National Institute of Standards and Technology (NIST). There have been $790.4k in obligations to date with a ceiling value of $1.5M, showing a 53% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 1 offer received. We expect a 5 year duration with ultimate completion date of September 29, 2026.

TREC ASSESSORS LLC is a contractor located in MD, doing primarily Records Management > Professional Services work for Commerce. The company receives $190.9k 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

Commerce » National Institute of Standards and Technology (NIST)

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