This IDC contract for Petro-Chemical Industries > Transportation and Logistics Services was awarded in FY2022 on June 03, 2022 to ENGEN DRC by Bureau of African Affairs. There have been $567.5k in obligations to date with a ceiling value of $1.9M, showing a 30% burn rate so far on the contract. The contract was not competed under any preference program with 11 offers received. We expect a 5 year duration with ultimate completion date of December 05, 2027.
ENGEN DRC is a contractor doing primarily Petro-Chemical Industries > Transportation and Logistics Services work for State. The company receives $375.6k 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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