This Definitive Contract contract for Real Estate Services was awarded in FY2008 on February 07, 2008 to JACKSON RAY PC by Housing and Urban Development. There have been $3.2M in obligations to date with a ceiling value of $3.4M, showing a 96% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 13 offers received. We expect a 7 year duration with ultimate completion date of January 27, 2015.
JACKSON RAY PC is a contractor located in TX, doing primarily Real Estate Services work for Agriculture. Also, they have shown success winning No/Limited Bias contracts concentrated mainly on a singular customer focused portfolio.
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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