2031JW19D00001 - LENGTH OF SERVICE AND RETIREMENT MEMENTOS

This IDC contract for Office Products & Services was awarded in FY2019 on September 23, 2019 to INTERNATIONAL PROMOTIONAL IDEAS INC by OCC Office of Management / CFO. There have been $138.4k in obligations to date with a ceiling value of $500k, showing a 28% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 3 offers received. We expect a 3 year duration with ultimate completion date of September 21, 2022.

INTERNATIONAL PROMOTIONAL IDEAS INC is a contractor located in IL, doing primarily Textiles, Clothing & Personal Accessories work for Army. The company receives $123.2k 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.

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

Treasury » Office of the Comptroller of the Currency » OCC Office of Management / CFO

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