W91QVN24D0052 - MULTIPLE AWARD INDEFINITE DELIVERY INDEFINITE QUAN...

This IDC contract for Facility Related Services > Facilities Maintenance was awarded in FY2024 on Nov 2, 2023 to SEOJIN CONSTRUCTION CO.,LTD by USAG Daegu. There have been $7M in obligations to date with a ceiling value of $245M, showing a 3% 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.

SEOJIN CONSTRUCTION CO.,LTD is a contractor located in GYEONGSANGNAM-DO, doing primarily Facility Related Services > Facilities Maintenance work for Army. 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

Army»Army Materiel Command»Army Installation Management Command (IMCOM)»Pacific Region»USAG Daegu

Read the full report