DABJ1703A0009 -

This IDC contract for Test & Measurement Supplies, Textiles, Clothing & Personal Accessories, Industrial Products & Machinery > Industrial Products & Services, Electrical & Electronics Equipment > Electronic & Communication Equipment, IT Hardware, Communications Equipment, Hardware & Tools, Construction Related Materials > Facilities & Construction, Office Products & Services, Automotive Parts & Products > Sustainment S&E, Furniture, Facility Related Materials was awarded in FY2003 on Jan 1, 2003 to L C Industries Inc. by . There have been $6.2M in obligations to date with a ceiling value of $9M, showing a 69% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received. We expect a 5 year duration with ultimate completion date of Dec 30, 2008.

L C Industries Inc. is a contractor located in NC, doing primarily Hardware & Tools work for General Services Administration. The company receives $79M 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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