This Definitive Contract contract for Healthcare > Medical Practitioners was awarded in FY2014 on July 01, 2014 to University of Texas System by VISN 17 - Heart of Texas Health Care Network. There have been $1.5M in obligations to date with a ceiling value of $1.5M, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received. We expect a 1 year duration with ultimate completion date of March 31, 2015.
University of Texas System is a contractor located in TX, doing primarily Aerospace & Defense > Research and Development work for Navy. The company employs about 22,956 personnel, with $194.4M 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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