N3943020D2223 - POL MULTIPLE AWARD CONSTRUCTION CONTRACT

This IDC contract for Facility Related Services > Facilities Repair was awarded in FY2020 on Feb 19, 2020 to GSI-POND JV LLC by DLA Energy. There have been $82.9M in obligations to date with a ceiling value of $880M, showing a 9% burn rate so far on the contract. The contract was not competed under any preference program with 18 offers received. We expect a 6 year duration with ultimate completion date of Feb 27, 2026.

GSI-POND JV LLC is a contractor located in NJ, doing primarily Facility Related Services > Facilities Repair work for Defense. The company receives $10k 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

Defense»Defense Logistics Agency (DLA)»DLA Energy

Read the full report