This IDC contract for Financial services was awarded in FY2020 on June 23, 2020 to Maximus by Federal Student Aid. There have been $33.6M in obligations to date with a ceiling value of $1.7B, showing a 2% burn rate so far on the contract. The contract was not competed under any preference program with 12 offers received. We expect a 3 year duration with ultimate completion date of June 21, 2023.
Maximus is a contractor located in VA, doing primarily Business Admin Services work for Health and Human Services. The company receives $1.3B 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. Maximus is a certified 8(a) contractor through June 19, 2024.
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|
|91003121F0304||MAXIMUS FEDERAL SERVICES, INC.||$1.5M||11/13/2020|
|91003121F0347||MAXIMUS FEDERAL SERVICES, INC.||$696.3k||09/29/2021|
|91003122F0304||MAXIMUS FEDERAL SERVICES, INC.||$21.2M||11/04/2021|
|91003123F0310||MAXIMUS FEDERAL SERVICES, INC.||$10.2M||05/05/2023|