692M1518G00014 - ESTABLISHMENT OF A QUALIFIED VENDORS LIST (QVL) IN...
Federal Contract Award Search » IDC Award
This IDC contract for Electrical & Electronics Equipment > Electronic & Communication Equipment, Construction & Related Services > Architect, Engineering & Construction was awarded in FY2018 on January 03, 2018 to RANCO CONSTRUCTION INC by DOT Federal Aviation Administration. There have been $10.1M in obligations to date with a ceiling value of $10.1M, showing a 100% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 26 offers received. We expect a 6 year duration with ultimate completion date of May 30, 2024.
RANCO CONSTRUCTION INC is a contractor located in NJ, doing primarily Facility Related Services > Facilities Repair work for Air Force. The company receives $3.3M 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.
- Contract Number
- 692M1518G00014
- Contractor
- RANCO CONSTRUCTION INC
- Obligations to Date
- $10.1M
- Ceiling Value
- $10.1M
- Award Date
- 01/03/2018
- Contract Type
- IDC
- Competition Set Aside Type
- Small Business Set-Aside -- Total
- Buying Agency/Office
- Transportation » DOT Federal Aviation Administration
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Task Order History
| Task Order No. | Contractor | Obligations | Effective Date |
|---|---|---|---|
| 692M1520F00650 | RANCO CONSTRUCTION INC | $689.5k | 09/17/2020 |
| 692M1520F00718 | RANCO CONSTRUCTION INC | $1.2M | 09/24/2020 |
| 692M1521F00121 | RANCO CONSTRUCTION INC | $1.1M | 03/10/2021 |
| 692M1521F00130 | RANCO CONSTRUCTION INC | $78.5k | 04/06/2021 |
| 692M1522F00052 | RANCO CONSTRUCTION INC | $1.1M | 03/22/2022 |
| 692M1522F00086 | RANCO CONSTRUCTION INC | $5.9M | 05/16/2022 |
| 692M1522F00118 | RANCO CONSTRUCTION INC | $38.5k | 07/06/2022 |
| 692M1523F00122 | RANCO CONSTRUCTION INC | $66.6k | 06/08/2023 |
