This Definitive Contract contract was awarded in FY2007 on September 21, 2007 to LAKESIDE CONSTRUCTION COMPANY by Forest Service. There have been $165k in obligations to date with a ceiling value of $165k, showing a 100% burn rate so far on the contract. The contract was competed under Service Disabled Veteran Owned Small Business Set-Aside preference program with 1 offer received. We expect a 1 year duration with ultimate completion date of May 16, 2008.
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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