693JF724D000009 - SHIP GROUP 01 SHIP MANAGEMENT SERVICES BRIDGE CONT...

This IDC contract for Facility Operations was awarded in FY2024 on Jul 26, 2024 to KEYSTONE SHIPPING SERVICES, INC. by Chief of Naval Operations (CNO). There have been $17.4M in obligations to date with a ceiling value of $33.5M, showing a 52% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received. We expect a 1 year duration with ultimate completion date of Jan 25, 2025.

KEYSTONE SHIPPING SERVICES, INC. is a contractor located in PA, doing primarily Facility Operations work for Navy. The company receives $54.5M 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

Navy»Chief of Naval Operations (CNO)

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