47QTCA20D00B5 - FEDERAL SUPPLY SCHEDULE CONTRACT

This FSS contract for Science/Engineering > Professional Services, Office Products & Services, IT Outsourcing, IT Hardware, Telecommunications, Communications Equipment, Business Admin Services, Public Relations and Professional Communications Services, IT Security Hardware, Aerospace & Defense > Weapons & Ammunition, Environmental > Conservation was awarded in FY2020 on Jun 11, 2020 to Verizon by Federal Acquisition Service. There have been $173.5M in obligations to date with a ceiling value of $7.8B, showing a 2% burn rate so far on the contract. The contract was not competed under any preference program with 999 offers received. We expect a 8 year duration with ultimate completion date of Dec 22, 2028.

Verizon is a contractor located in NY, doing primarily IT Outsourcing work for Army. The company receives $1.3B annually in federal awards (as of FY2020). Also, they have shown success winning IDC contracts concentrated mainly on a singular customer focused portfolio.

The General Services Administration (GSA), the central acquisition entity within the Federal Government, manages a catalog of Multiple Award Schedules (MAS). The GSA uses MAS to establish lines of business or cohorts of contractors grouped by similar goods and services. Schedules are open to all government customers and provide a streamlined process to procure various professional services, IT services, and products, ranging from cars to hardware.

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Buying Agency/Office

General Services Administration»Federal Acquisition Service

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