693JJ322D000005 - NEW HRDS TECHNICAL SERVICES SUPPORT IDIQ

This IDC contract for Transportation > Research and Development was awarded in FY2022 on Mar 16, 2022 to Virginia Polytechnic Institute and State University by Office of Safety. There have been $3.8M in obligations to date with a ceiling value of $33M, showing a 11% burn rate so far on the contract. The contract was not competed under any preference program with 5 offers received. We expect a 5 year duration with ultimate completion date of Mar 14, 2027.

Virginia Polytechnic Institute and State University is a contractor located in VA, doing primarily Science/Engineering > Research and Development work for Transportation. The company receives $17M 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.

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Buying Agency/Office

Transportation»DOT Federal Highway Administration»Office of Safety

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