W9127817D0080 - IDIQ SATOC FOR CONSTRUCTION
Federal Contract Award Search » IDC Award
This IDC contract for Construction & Related Services > Architect, Engineering & Construction was awarded in FY2017 on Jun 15, 2017 to DRACE CONSTRUCTION CORP. by Mobile District. There have been $2.2M in obligations to date with a ceiling value of $4M, showing a 56% burn rate so far on the contract. The contract was competed under 8(a) Sole Source preference program with 1 offer received. We expect a 3 year duration with ultimate completion date of Jun 13, 2020.
DRACE CONSTRUCTION CORP. is a contractor located in MS, doing primarily Facility Related Services > Facilities Repair work for National Aeronautics and Space Administration. The company receives $13M 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
- W9127817D0080
- Contractor
- DRACE CONSTRUCTION CORP.
- Obligations to Date
- $2.2M
- Ceiling Value
- $4M
- Award Date
- 06/15/2017
- Contract Type
- IDC
- Competition Set Aside Type
- 8(a) Sole Source
- Buying Agency/Office
- Army»Army Corps of Engineers»South Atlantic Division»Mobile District
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Task Order History
| Task Order No. | Contractor | Obligations | Effective Date |
|---|---|---|---|
| W9127817F0266 | DRACE CONSTRUCTION CORP. | $530k | 09/28/2017 |
| W9127818F0816 | DRACE CONSTRUCTION CORP. | $1.7M | 09/29/2018 |
