47PG0221D0009 - LOCATION: SUBSTANCE LLC,1300 WALNUT ST DES MOINES,...

This IDC contract for Construction & Related Services > Architect, Engineering & Construction was awarded in FY2021 on Aug 5, 2021 to SUBSTANCE, LLC by PBS Region 6 Heartland. There have been $2.5M in obligations to date with a ceiling value of $25M, showing a 10% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 2 offers received. We expect a 5 year duration with ultimate completion date of Aug 21, 2026.

SUBSTANCE, LLC is a contractor located in IA, doing primarily Construction & Related Services > Architect, Engineering & Construction work for Agriculture. The company receives $4.4M 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»PBS Region 6 Heartland

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