N5005419D1905 - LOT I MARINE BOATYARD AND INDUSTRIAL SUPPORT SERVI...

This IDC contract for Aerospace & Defense > Equipment Related Services was awarded in FY2019 on July 02, 2019 to Fairlead Marine, Inc by Mid-Atlantic Regional Maintenance Center (MARMC). There have been $16.5M in obligations to date with a ceiling value of $16.5M, showing a 100% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 9 offers received. We expect a 5 year duration with ultimate completion date of July 01, 2024.

Fairlead Marine, Inc is a contractor located in VA, doing primarily Aerospace & Defense > Equipment Related Services work for Navy. The company receives $20.7M 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

Navy » Naval Sea Systems Command (NAVSEA) » NAVSEA Surface Ship Maintenance, Modernization and Sustainment (SEA 21) » Commander, Navy Regional Maintenance Center (CNRMC) » Mid-Atlantic Regional Maintenance Center (MARMC)

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