70Z08421DBB800200 - CONCRETE SINKERS FOR RIVER BOAT TENDERS

This IDC contract for Construction Related Materials > Facilities & Construction was awarded in FY2021 on Jun 10, 2021 to PRECISION PRECAST, LLC by USCG 8th District. There have been $1.3M in obligations to date with a ceiling value of $1.5M, showing a 86% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 5 offers received. We expect a 5 year duration with ultimate completion date of Jun 8, 2026.

PRECISION PRECAST, LLC is a contractor located in MO, doing primarily Construction Related Materials > Facilities & Construction work for Homeland Security (DHS). The company receives $393.2k 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.

Read the full report

Buying Agency/Office

Homeland Security (DHS)»US Coast Guard (USCG)»USCG Atlantic Area (USCG AA)»USCG 8th District

Read the full report