This IDC contract for IT Outsourcing, Public Relations and Professional Communications Services, Electrical & Electronics Equipment > Electronic & Communication Equipment, Consumer Products > Electronic & Communication Equipment, Communications Equipment, IT Hardware was awarded in FY2018 on July 17, 2018 to Verizon by FEMA Office of the Chief Information Officer. There have been $17M in obligations to date with a ceiling value of $50M, showing a 34% burn rate so far on the contract. The contract was not competed under any preference program with 6 offers received. We expect a 5 year duration with ultimate completion date of November 30, 2023.
Verizon is a contractor located in NY, doing primarily Telecommunications work for Army. The company receives $1.3B 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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