This IDC contract for IT Hardware was awarded in FY2022 on April 01, 2022 to The Building People LLC by Division of Administrative Services. There have been $2M in obligations to date with a ceiling value of $3.8M, showing a 52% 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 June 13, 2026.
BUILDING PEOPLE, LLC, THE is a contractor located in VA, doing primarily Business Admin Services work for General Services Administration. The company receives $30.3M 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. BUILDING PEOPLE, LLC, THE is a certified 8(a) contractor through March 03, 2026.
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|
|49100422F0063||BUILDING PEOPLE, LLC, THE||$605.2k||04/18/2022|
|49100422F0103||BUILDING PEOPLE, LLC, THE||$131.9k||06/24/2022|
|49100422F0152||BUILDING PEOPLE, LLC, THE||$32.6k||08/05/2022|
|49100422F0153||BUILDING PEOPLE, LLC, THE||$56.2k||08/05/2022|
|49100422F0214||BUILDING PEOPLE, LLC, THE||$26.2k||09/09/2022|
|49100423F0082||BUILDING PEOPLE, LLC, THE||$860.2k||05/13/2023|
|49100423F0085||BUILDING PEOPLE, LLC, THE||$245.6k||05/16/2023|