77344425C0014 - 10GB COMMERCIAL INTERNET CONNECTION - NY OFFICE C...
Federal Contract Award Search » Definitive Contract Award
This Definitive Contract contract for IT Outsourcing was awarded in FY2025 on Sep 26, 2025 to Verizon by DFC Office of Administration. There have been $143.5k in obligations to date with a ceiling value of $1.3M, showing a 11% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received. We expect a 5 year duration with ultimate completion date of Sep 14, 2030.
Verizon is a contractor located in NY, doing primarily IT Outsourcing work for Health and Human Services. 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.
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.
- Contract Number
- 77344425C0014
- Contractor
- VERIZON BUSINESS NETWORK SERVICES LLC
- Obligations to Date
- $143.5k
- Ceiling Value
- $1.3M
- Award Date
- 09/26/2025
- Contract Type
- Definitive Contract
- Competition Set Aside Type
- No set aside used
- Buying Agency/Office
- International Development Finance Corporation»DFC Office of Administration
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