SPE30024D3006 - INSTITUTIONAL FEEDING DIV-PHI

This IDC contract for Subsistence was awarded in FY2024 on Mar 27, 2024 to SYSCO Corporation by DLA Subsistence Directorate. There have been $1.5M in obligations to date with a ceiling value of $7.1M, showing a 21% 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 Mar 30, 2029.

SYSCO Corporation is a contractor located in VA, doing primarily Subsistence work for Defense. The company receives $269.4M 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

Defense»Defense Logistics Agency (DLA)»DLA Troop Support»DLA Subsistence Directorate

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