N4523A23D5717 - FORKLIFT LEASE

This IDC contract for Logistics Equipment > Industrial Products & Services, Construction Related Equipment > Industrial Products & Services was awarded in FY2023 on Sep 19, 2023 to PAPE' MATERIAL HANDLING, INC. by Naval Shipyard & Intermediate Maintenance Facility - Puget Sound (PSNS&IMF). There have been $5.8M in obligations to date with a ceiling value of $7.5M, showing a 78% burn rate so far on the contract. The contract was not competed under any preference program with 4 offers received. We expect a 5 year duration with ultimate completion date of Sep 23, 2028.

PAPE' MATERIAL HANDLING, INC. is a contractor located in WA, doing primarily Logistics Equipment > Industrial Products & Services work for Navy. The company receives $1.8M 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

Navy»Naval Sea Systems Command (NAVSEA)»NAVSEA Industrial Operations (SEA 04)»Naval Shipyard & Intermediate Maintenance Facility - Puget Sound (PSNS&IMF)

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