FA850116D0001 - FLOORING IDIQ BASIC CONTRACT PERIOD

This IDC contract for Construction Related Materials > Facilities & Construction, Facility Related Materials, Furniture was awarded in FY2016 on Dec 28, 2015 to LMR INVESTMENT PROPERTIES, LLC by 78th Civil Engineer Group. There have been $1.6M in obligations to date with a ceiling value of $4.5M, showing a 35% 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 Dec 26, 2020.

LMR INVESTMENT PROPERTIES, LLC is a contractor located in GA, doing primarily Facility Related Materials work for Air Force. The company receives $54.8k 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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Buying Agency/Office

Air Force»Air Force Materiel Command»Air Force Sustainment Center»78th Air Base Wing»78th Civil Engineer Group

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