This Definitive Contract contract for Construction & Related Services > Architect, Engineering & Construction was awarded in FY2021 on Jun 28, 2021 to NV Services, LLC by Arecibo Job Corps Center. There have been $39.4M in obligations to date with a ceiling value of $39.4M, showing a 100% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 1 offer received. We expect a 5 year duration with ultimate completion date of Aug 27, 2026.
NV Services, LLC is a contractor located in PR, doing primarily Construction & Related Services > Architect, Engineering & Construction work for Labor. The company receives $1.5M annually in federal awards (as of FY2020). Also, they have shown success winning No/Limited Bias contracts concentrated mainly on a singular customer focused portfolio. NV Services, LLC is a certified 8(a) contractor through Dec 27, 2027.
Definitive contracts are single award contracts which usually result from publicly advertised Federal procurements. Historically, definitive contracts represented the most common pathway for the Federal Government to enter into agreements with contractors operating in the Federal market. With few exceptions, definitive contracts all the Federal Government purchase nearly every type of commodity, technology, or service. A known quantity or deliverable is a critical attribute of definitive contracts.
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