This IDC contract for Industrial Products & Machinery > Industrial Products & Services, Aerospace & Defense > Industrial Products & Services was awarded in FY2021 on Dec 30, 2020 to L-1 STANDARDS AND TECHNOLOGY, INC. by Test Technology, Analysis and Evaluation Branch. There have been $177.7k in obligations to date with a ceiling value of $2M, showing a 9% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 3 offers received. We expect a 4 year duration with ultimate completion date of Dec 29, 2024.
L-1 STANDARDS AND TECHNOLOGY, INC. is a contractor located in VA, doing primarily Test & Measurement Supplies work for National Aeronautics and Space Administration. The company receives $100.4k 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 |
---|---|---|---|
FA910121F0005 | L-1 STANDARDS AND TECHNOLOGY, INC. | $88.8k | 12/30/2020 |
FA910121F0037 | L-1 STANDARDS AND TECHNOLOGY, INC. | $88.8k | 04/21/2021 |