N3220519D7000 - ACQUISITION OF WORLDWIDE PROCUREMENT OF LUBRICANT ...

This IDC contract for Petro-Chemical Industries > Industrial Products & Services, Petro-Chemical Industries > Transportation and Logistics Services was awarded in FY2019 on Nov 2, 2018 to Exxon Mobil Corporation by MSC Atlantic - Norfolk (MSCLANT). There have been $82.9M in obligations to date with a ceiling value of $86.6M, showing a 96% burn rate so far on the contract. The contract was not competed under any preference program with 4 offers received. We expect a 5 year duration with ultimate completion date of Apr 25, 2023.

Exxon Mobil Corporation is a contractor located in TX, doing primarily Petro-Chemical Industries > Transportation and Logistics Services work for Defense. The company receives $92M 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.

Read the full report

Buying Agency/Office

Navy»Military Sealift Command»MSC Atlantic - Norfolk (MSCLANT)

Read the full report