This IDC contract for IT Outsourcing was awarded in FY2016 on Jun 13, 2016 to Newwave Telecom And Technologies, Inc. by CMS Office of Acquisition and Grants Management. There have been $391.5M in obligations to date with a ceiling value of $391.5M, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 160 offers received. We expect a 11 year duration with ultimate completion date of Feb 19, 2027.
Newwave Telecom And Technologies, Inc. is a contractor located in MD, doing primarily IT Outsourcing work for Health and Human Services. The company receives $125M 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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Task Order No. | Contractor | Obligations | Effective Date |
---|---|---|---|
HHSM500T0001 | NEWWAVE TELECOM AND TECHNOLOGIES, INC. | $21.4M | 09/27/2017 |
75FCMC18F0001 | NEWWAVE TELECOM AND TECHNOLOGIES, INC. | $92.2M | 06/29/2018 |
75FCMC18F0002 | NEWWAVE TELECOM AND TECHNOLOGIES, INC. | $223.6M | 09/14/2018 |
75FCMC19F0001 | NEWWAVE TELECOM AND TECHNOLOGIES, INC. | $18.2M | 11/19/2018 |
75FCMC21F0001 | NEWWAVE TELECOM AND TECHNOLOGIES, INC. | $19.3M | 04/30/2021 |
75FCMC23F0002 | NEWWAVE TELECOM AND TECHNOLOGIES, INC. | $15M | 06/30/2023 |
75FCMC24F0010 | NEWWAVE TELECOM AND TECHNOLOGIES, INC. | $1.8M | 11/17/2023 |