This IDC contract for Facility Related Services > Facilities Maintenance was awarded in FY2023 on December 06, 2022 to HP GROUP, LLC, THE by VA National Cemetery Administration. There have been $4.6k in obligations to date with a ceiling value of $24.1k, showing a 19% burn rate so far on the contract. The contract was competed under Service Disabled Veteran Owned Small Business Set-Aside preference program with 7 offers received. We expect a 5 year duration with ultimate completion date of December 30, 2027.
HP GROUP, LLC, THE is a contractor located in NC, doing primarily Facility Related Services > Facilities Maintenance work for Defense. The company receives $9.4M 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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|Task Order No.||Contractor||Obligations||Effective Date|
|36C78623N50092||THE HP GROUP LLC||$4.6k||05/10/2023|