This IDC contract for Program Management, Industrial Products & Machinery > Industrial Products & Services, IT Hardware, Healthcare > Medical Practitioners, Business Admin Services, Office Products & Services was awarded in FY2005 on June 06, 2005 to RICOH CORPORATION by Bureau of the Fiscal Service. There have been $11.5M in obligations to date with a ceiling value of $11.5M, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 2 offers received. We expect a 3 year duration with ultimate completion date of June 05, 2008.
RICOH CORPORATION is a contractor located in PA, doing primarily Office Products & Services work for Army. The company employs about 6,000 personnel, with $27.8M 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.
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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