N4002723D1001 - BASE PERIOD LABOR OEM FAIRBANKS MORSE DEFENSE

This IDC contract for Aerospace & Defense > Equipment Related Services was awarded in FY2023 on Dec 12, 2022 to Fairbanks Morse, LLC by Southeast Regional Maintenance Center (SERMC). There have been $5.1M in obligations to date with a ceiling value of $89.9M, showing a 6% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received. We expect a 5 year duration with ultimate completion date of Dec 11, 2027.

Fairbanks Morse, LLC is a contractor located in WI, doing primarily Automotive Parts & Products > Sustainment S&E work for Navy. The company receives $69.8M 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.

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»Naval Sea Systems Command (NAVSEA)»NAVSEA Surface Ship Maintenance, Modernization and Sustainment (SEA 21)»Commander, Navy Regional Maintenance Center (CNRMC)»Southeast Regional Maintenance Center (SERMC)

Read the full report