W91QVN24D0057 - MULTIPLE AWARD INDEFINITE DELIVERY INDEFINITE QUAN...
Federal Contract Award Search » IDC Award
This IDC contract for Facility Related Services > Facilities Maintenance was awarded in FY2024 on Nov 2, 2023 to YOUNG JIN CONSTRUCTION INC. by USAG Daegu. There have been $275.8k in obligations to date with a ceiling value of $245M, showing a 0% burn rate so far on the contract. The contract was not competed under any preference program with 35 offers received. We expect a 5 year duration with ultimate completion date of Oct 3, 2028.
YOUNG JIN CONSTRUCTION INC. is a contractor located in GYEONGBUK, doing primarily Facility Related Services > Facilities Repair work for Army. The company receives $4.4M 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.
- Contract Number
- W91QVN24D0057
- Contractor
- YOUNG JIN CONSTRUCTION INC.
- Obligations to Date
- $275.8k
- Ceiling Value
- $245M
- Award Date
- 11/02/2023
- Contract Type
- IDC
- Competition Set Aside Type
- No set aside used
- Buying Agency/Office
- Army»Army Materiel Command»Army Installation Management Command (IMCOM)»Pacific Region»USAG Daegu
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Task Order History
| Task Order No. | Contractor | Obligations | Effective Date |
|---|---|---|---|
| W90VN924F0076 | YOUNG JIN CONSTRUCTION INC. | $94.9k | 04/18/2024 |
| W90VN924F0081 | YOUNG JIN CONSTRUCTION INC. | $73k | 04/23/2024 |
| W90VN924F0082 | YOUNG JIN CONSTRUCTION INC. | $87k | 04/30/2024 |
| W90VN924F0165 | YOUNG JIN CONSTRUCTION INC. | $20.8k | 07/10/2024 |
