47PK0222D0018 - PHILLIP BURTON FB & USCH AND BROWNING USCH - C...

This IDC contract for Facility Related Services > Facilities Maintenance was awarded in FY2022 on Jul 19, 2022 to TOOLWORKS INC by Acquisitions Services Division. There have been $17.5M in obligations to date with a ceiling value of $24.2M, showing a 72% 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 May 30, 2027.

TOOLWORKS INC is a contractor located in CA, doing primarily Facility Related Services > Facilities Maintenance work for General Services Administration. The company receives $4.7M 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 Office of Acquisition Management»Acquisitions Services Division

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