W91QVN14D0056 - REPAIR PART, MATERIAL AND OTHER COST

This IDC contract for Electrical & Electronics Equipment > Electronic & Communication Services was awarded in FY2014 on September 12, 2014 to KC ELEVATOR CO., LTD. by 51st Civil Engineer Squadron. There have been $850.1k in obligations to date with a ceiling value of $1.4M, showing a 61% burn rate so far on the contract. The contract was not competed under any preference program with 2 offers received. We expect a 5 year duration with ultimate completion date of September 13, 2019.

KC ELEVATOR CO., LTD. is a contractor located in SEOUL, doing primarily Electrical & Electronics Equipment > Electronic & Communication Services work for Army. The company receives $768.5k 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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Buying Agency/Office

Air Force » Pacific Air Forces » 7th Air Force » 51st Fighter Wing » 51st Mission Support Group » 51st Civil Engineer Squadron

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