This IDC contract for Logistics > Professional Services was awarded in FY2022 on May 23, 2022 to Rbex Inc by USMS Asset Forfeiture Division. There have been $1.3M in obligations to date with a ceiling value of $2M, showing a 66% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 1 offer received. We expect a 3 year duration with ultimate completion date of February 21, 2025.
Rbex Inc is a contractor located in TX, doing primarily Logistics > Professional Services work for Homeland Security. The company receives $12.8M 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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