This IDC contract for International Affairs was awarded in FY2007 on January 11, 2007 to GEOFON INC by NAVFAC Southwest. There have been $50.5M in obligations to date with a ceiling value of $50.5M, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 13 offers received.
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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