This Definitive Contract contract for Other Research & Development was awarded in FY2019 on September 17, 2019 to INTELLISENSE SYSTEMS INC by Ground Vehicle Systems Center. There have been $162.5k in obligations to date with a ceiling value of $162.5k, showing a 100% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 188 offers received. We expect a 2 year duration with ultimate completion date of April 10, 2021.
INTELLISENSE SYSTEMS INC is a contractor located in CA, doing primarily Aerospace & Defense > Research and Development work for Air Force. The company receives $26.5M 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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