47PA0420D0102 - ELECTRIC CONTRACT

This IDC contract for Facility Related Services > Utilities was awarded in FY2020 on September 30, 2020 to ILLINOIS POWER MARKETING COMPANY by PBS Regional Offices. There have been $6.6M in obligations to date with a ceiling value of $6.6M, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 9 offers received. We expect a 4 year duration with ultimate completion date of March 30, 2024.

ILLINOIS POWER MARKETING COMPANY is a contractor located in IL, doing primarily Facility Related Services > Utilities work for Veterans Affairs. The company receives $1.8M 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

General Services Administration » Public Buildings Service » PBS Regional Offices

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