This IDC contract for Consumer Products > Industrial Products & Services, Test & Measurement Supplies, Logistics > Professional Services, Logistics Equipment > Industrial Products & Services, IT Software, Construction Related Equipment > Industrial Products & Services, Medical Equipment & Supplies > Equipment Related Services, Medical Equipment & Supplies > Medical Supplies/Equipment, Industrial Products & Machinery > Industrial Products & Services, Facility Related Services > Facilities Repair, IT Hardware, Electrical & Electronics Equipment > Electronic & Communication Services, Construction Related Equipment > Equipment Related Services, Automotive Parts & Products > Equipment Related Services, IT Outsourcing, Education/Training > Human Capital, Textiles, Clothing & Personal Accessories, Healthcare > Medical Practitioners was awarded in FY2017 on February 13, 2017 to General Electric by National Acquisition Center. There have been $783.3M in obligations to date with a ceiling value of $2.1B, showing a 37% burn rate so far on the contract. The contract was not competed under any preference program with 27 offers received. We expect a 10 year duration with ultimate completion date of February 16, 2027.
General Electric is a contractor located in CT, doing primarily Aerospace & Defense > Sustainment S&E work for Navy. The company receives $5B annually in federal awards (as of FY2020). Also, they have shown success winning IDC 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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|Task Order No.||Contractor||Obligations||Effective Date|
|VA797R17J0528||GENERAL ELECTRIC COMPANY||$72.5k||02/14/2017|
|VA24217F1757||GENERAL ELECTRIC COMPANY||$23.9k||03/06/2017|
|VA797R16J0537||GENERAL ELECTRIC COMPANY||$203.6k||03/06/2017|
|VA797R17J0636||GENERAL ELECTRIC COMPANY||$137k||03/07/2017|
|VA797R17J0635||GENERAL ELECTRIC COMPANY||$137k||03/07/2017|
|VA797R17J0637||GENERAL ELECTRIC COMPANY||$137k||03/07/2017|
|VA24817F1832||GENERAL ELECTRIC COMPANY||$576k||03/08/2017|
|VA797R17J0640||GENERAL ELECTRIC COMPANY||$57.3k||03/08/2017|
|VA24117J0884||GENERAL ELECTRIC COMPANY||$38.8k||03/09/2017|
|VA25017F2276||GENERAL ELECTRIC COMPANY||$25.6k||03/10/2017|
|VA25017F2279||GENERAL ELECTRIC COMPANY||$46.8k||03/10/2017|
|VA797R17J0641||GENERAL ELECTRIC COMPANY||$178.6k||03/10/2017|
|VA24717J1126||GENERAL ELECTRIC COMPANY||$40.3k||03/13/2017|
|VA25517F2760||GENERAL ELECTRIC COMPANY||$223k||03/14/2017|
|VA797R17J0492||GENERAL ELECTRIC COMPANY||$227.7k||03/17/2017|
|VA797R16J0232||GENERAL ELECTRIC COMPANY||$49.1k||03/21/2017|
|VA797R16J0751||GENERAL ELECTRIC COMPANY||$59.8k||03/23/2017|
|VA797R17J0736||GENERAL ELECTRIC COMPANY||$95.3k||03/27/2017|
|VA797R17J0734||GENERAL ELECTRIC COMPANY||$248.5k||03/27/2017|
|VA797R16J0753||GENERAL ELECTRIC COMPANY||$157k||03/31/2017|