This IDC contract for Business Admin Services was awarded in FY2019 on Jan 31, 2019 to TIPPING POINT SOLUTIONS, INC. by Profession of Arms Center of Excellence. There have been $2M in obligations to date with a ceiling value of $2.2M, showing a 92% 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 3 year duration with ultimate completion date of Jan 29, 2022.
TIPPING POINT SOLUTIONS, INC. is a contractor located in CO, doing primarily Education/Training > Human Capital work for Army. The company receives $6.9M 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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Task Order No. | Contractor | Obligations | Effective Date |
---|---|---|---|
FA300219FA052 | TIPPING POINT SOLUTIONS, INC. | $581.4k | 01/31/2019 |
FA330020F0018 | TIPPING POINT SOLUTIONS, INC. | $592.7k | 12/30/2019 |
FA330020F0089 | TIPPING POINT SOLUTIONS, INC. | $60k | 09/08/2020 |
FA330021F0030 | TIPPING POINT SOLUTIONS, INC. | $789.8k | 03/26/2021 |