2033H623D00002 - MAINFRAME CLOUD TRANSITION SERVICES AND SUPPORT
Federal Contract Award Search » IDC Award
This IDC contract for IT Outsourcing was awarded in FY2023 on Feb 21, 2023 to IBM by Office of Financial Innovation and Transformation. There have been $19.2M in obligations to date with a ceiling value of $84M, showing a 23% burn rate so far on the contract. The contract was not competed under any preference program with 3 offers received. We expect a 5 year duration with ultimate completion date of Feb 20, 2028.
IBM is a contractor located in MD, doing primarily IT Outsourcing work for Navy. The company receives $1.1B 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.
- Contract Number
- 2033H623D00002
- Contractor
- INTERNATIONAL BUSINESS MACHINES CORPORATION
- Obligations to Date
- $19.2M
- Ceiling Value
- $84M
- Award Date
- 02/21/2023
- Contract Type
- IDC
- Competition Set Aside Type
- No set aside used
- Buying Agency/Office
- Treasury»Bureau of the Fiscal Service»Office of Financial Innovation and Transformation
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Task Order History
| Task Order No. | Contractor | Obligations | Effective Date |
|---|---|---|---|
| 2033H623F00066 | INTERNATIONAL BUSINESS MACHINES CORPORATION | $15.6M | 03/03/2023 |
| 2033H623F00103 | INTERNATIONAL BUSINESS MACHINES CORPORATION | $2.7M | 05/18/2023 |
| 2033H624F00098 | INTERNATIONAL BUSINESS MACHINES CORPORATION | $134.9k | 04/03/2024 |
| 2033H624F00156 | INTERNATIONAL BUSINESS MACHINES CORPORATION | $362k | 09/06/2024 |
