70US0924D70092008 - THE PURPOSE OF THIS IDIQ IS TO ESTABLISH A CONTRAC...
Federal Contract Award Search » IDC Award
This IDC contract for Construction Related Materials > Industrial Products & Services, Facility Related Services > Facilities Repair was awarded in FY2024 on Sep 16, 2024 to LFB & ASSOCIATES LLC by US Secret Service (USSS). There have been $2.8M in obligations to date with a ceiling value of $4.5M, showing a 61% burn rate so far on the contract. The contract was competed under 8(a) Sole Source preference program with 1 offer received. We expect a 5 year duration with ultimate completion date of Sep 14, 2029.
LFB & ASSOCIATES LLC is a contractor located in NJ, doing primarily Facility Related Services > Facilities Repair work for Homeland Security (DHS). The company receives $160.2k annually in federal awards (as of FY2020). Also, they have shown success winning IDC contracts concentrated mainly on a singular customer focused portfolio. LFB & ASSOCIATES LLC is a certified 8(a) contractor through Aug 21, 2027.
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
- 70US0924D70092008
- Contractor
- LFB & ASSOCIATES LLC
- Obligations to Date
- $2.8M
- Ceiling Value
- $4.5M
- Award Date
- 09/16/2024
- Contract Type
- IDC
- Competition Set Aside Type
- 8(a) Sole Source
- Buying Agency/Office
- Homeland Security (DHS)»US Secret Service (USSS)
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Task Order History
| Task Order No. | Contractor | Obligations | Effective Date |
|---|---|---|---|
| 70US0924F3OTH2157 | LFB & ASSOCIATES LLC | $39.5k | 09/18/2024 |
| 70US0924F3OTH2192 | LFB & ASSOCIATES LLC | $461.6k | 09/25/2024 |
| 70US0924F3OTH2208 | LFB & ASSOCIATES LLC | $2.1M | 09/27/2024 |
| 70US0925F3OTH2240 | LFB & ASSOCIATES LLC | $193k | 11/19/2024 |
