This Definitive Contract contract for Industrial Products & Machinery > Industrial Products & Services was awarded in FY2016 on January 21, 2016 to Smiths Group by NAVSUP Weapon System Support. There have been $507.6k in obligations to date with a ceiling value of $507.6k, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 4 offers received. We expect a 1 year duration with ultimate completion date of April 25, 2017.
Smiths Group is a contractor located in CA, doing primarily Facility/Physical Security > Security and Protection work for Homeland Security. The company receives $148.2M annually in federal awards (as of FY2020). Also, they have shown success winning IDC 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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