47QSEA22D0032 - OTHER THAN SCHEDULE

This IDC contract for Package Delivery & Packaging > Transportation and Logistics Services was awarded in FY2022 on May 6, 2022 to SPECIALTY BAGS CORPORATION by Federal Acquisition Service. There have been $73.5k in obligations to date with a ceiling value of $471.4k, showing a 16% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 10 offers received. We expect a 4 year duration with ultimate completion date of May 10, 2026.

SPECIALTY BAGS CORPORATION is a contractor located in TX, doing primarily Package Delivery & Packaging > Transportation and Logistics Services work for General Services Administration. The company receives $32.5k 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.

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

General Services Administration»Federal Acquisition Service

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