This Definitive Contract contract was awarded in FY2021 on March 19, 2021 to G-STAR TELECOM INC by Division of Information and Intelligent Systems. There have been $278.8k in obligations to date with a ceiling value of $1.1M, showing a 24% burn rate so far on the contract. The contract was competed under 8(a) Sole Source preference program with 1 offer received. We expect a 4 year duration with ultimate completion date of March 31, 2025.
G-STAR TELECOM INC is a contractor located in NC, doing primarily IT Hardware work for Treasury. The company employs about 18 personnel, with $3.5M 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. G-STAR TELECOM INC is a certified 8(a) contractor through February 11, 2025.
Definitive contracts are single award contracts which usually result from publicly advertised Federal procurements. Historically, definitive contracts represented the most common pathway for the Federal Government to enter into agreements with contractors operating in the Federal market. With few exceptions, definitive contracts all the Federal Government purchase nearly every type of commodity, technology, or service. A known quantity or deliverable is a critical attribute of definitive contracts.
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