28321320D00060007 - THE PURPOSE OF THIS CONTRACT IS TO ESTABLISH A PRO...

This IDC contract for IT Outsourcing, IT Hardware was awarded in FY2020 on March 02, 2020 to Verizon by DCBFM Office of Acquisition and Grants. There have been $293M in obligations to date with a ceiling value of $525M, showing a 56% burn rate so far on the contract. The contract was not competed under any preference program with 10 offers received. We expect a 5 year duration with ultimate completion date of March 07, 2025.

Verizon is a contractor located in NY, doing primarily IT Outsourcing work for Army. The company receives $1.3B 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.

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Buying Agency/Office

Social Security Administration » SSA Deputy Commissioner, Budget, Finance, and Management (DCBFM) » DCBFM Office of Acquisition and Grants

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