This Definitive Contract contract for Logistics > Transportation and Logistics Services was awarded in FY2016 on February 04, 2016 to Sealift Inc by MSC Atlantic - Norfolk (MSCLANT). There have been $57.3M in obligations to date with a ceiling value of $57.3M, 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 5 year duration with ultimate completion date of January 28, 2021.
Sealift Inc is a contractor located in NY, doing primarily Logistics > Transportation and Logistics Services work for Navy. The company receives $60.5M 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.
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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