FA483019AA006 - BLANKET PURCHASE AGREEMENTTHIS REQUIREMENT IS FOR ...
Federal Contract Award Search » BPA Award
This BPA contract for Education/Training > Human Capital was awarded in FY2019 on Aug 2, 2019 to VELOCITY TRAINING, LLC by 38th Rescue Squadron. There have been $172.4k in obligations to date with a ceiling value of $172.4k, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with offers received. We expect a 5 year duration with ultimate completion date of Aug 3, 2024.
VELOCITY TRAINING, LLC is a contractor located in FL, doing primarily Education/Training > Human Capital work for Marine Corps. The company receives $1.8M 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.
Blanket Purchase Agreements or BPAs establish a method for the Government to satisfy a repetitive need for goods and services. When a government-wide need exists for specific products or services, a BPA allows the Government to establish a single contract to satisfy those needs. Creating a single source for common needs enables the Government to use buying power to drive down prices and avoid the higher costs associated with hundreds or thousands of customers purchasing independently.
- Contract Number
- FA483019AA006
- Contractor
- VELOCITY TRAINING, LLC
- Obligations to Date
- $172.4k
- Ceiling Value
- $172.4k
- Award Date
- 08/02/2019
- Contract Type
- BPA
- Buying Agency/Office
- Air Force»Air Combat Command»15th Air Force»23rd Wing»347th Rescue Group»38th Rescue Squadron
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BPA Call History
| BPA Call No. | Contractor | Obligations | Effective Date |
|---|---|---|---|
| FA483021F0077 | VELOCITY TRAINING, LLC | $158k | 09/24/2021 |
| FA483024F0040 | VELOCITY TRAINING, LLC | $14.4k | 05/23/2024 |
