19AQMM18D0127 - LOTTE NEW YORK PALACE HOTEL ACCOMMODATIONS AND REN... | Federal Compass

19AQMM18D0127 - LOTTE NEW YORK PALACE HOTEL ACCOMMODATIONS AND REN...

Federal Contract Award Search » IDC Award

This IDC contract for Construction Related Equipment > Industrial Products & Services, Passenger Travel was awarded in FY2018 on September 07, 2018 to LOTTE HOTEL NEW YORK PALACE, LLC by Bureau of Diplomatic Security. There have been $14M in obligations to date with a ceiling value of $14M, 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 5 year duration with ultimate completion date of August 30, 2023.

LOTTE HOTEL NEW YORK PALACE, LLC is a contractor located in NY, doing primarily Passenger Travel work for State. The company receives $312.7k 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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Contract Number
19AQMM18D0127
Obligations to Date
$14M
Ceiling Value
$14M
Award Date
09/07/2018
Contract Type
IDC
Competition Set Aside Type
No set aside used

Buying Agency/Office
State » DOS Management » Bureau of Diplomatic Security


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Task Order History

Task Order No. Contractor Obligations Effective Date
19AQMM18F3302 LOTTE HOTEL NEW YORK PALACE, LLC $126.1k 09/11/2018
19AQMM18F3238 LOTTE HOTEL NEW YORK PALACE, LLC $1.7M 09/11/2018
19AQMM18F3667 LOTTE HOTEL NEW YORK PALACE, LLC $578.7k 09/17/2018
19AQMM19F2537 LOTTE HOTEL NEW YORK PALACE, LLC $2.3M 08/05/2019
19AQMM21F2669 LOTTE HOTEL NEW YORK PALACE, LLC $2.5M 07/20/2021
19AQMM22F2505 LOTTE HOTEL NEW YORK PALACE, LLC $3.2M 07/24/2022
19AQMM23F1655 LOTTE HOTEL NEW YORK PALACE, LLC $3.7M 06/25/2023

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