70FB7018D00000014 - THE CONTRACT CEILING IS ESTABLISHED AT $47,507,373...
Federal Contract Award Search » IDC Award - FEMA Infant and Toddler Kits and Items (2018)
This IDC contract for Subsistence was awarded in FY2018 on September 27, 2018 to ASSET Group by Federal Emergency Management Agency (FEMA). There have been $6.2M in obligations to date with a ceiling value of $47.5M, showing a 13% burn rate so far on the contract. The contract was not competed under any preference program with 2 offers received. We expect a 5 year duration with ultimate completion date of September 25, 2023.
ASSET Group is a contractor located in OK, doing primarily Logistics > Professional Services work for Homeland Security (DHS). The company receives $271.9k 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.
- Contract Number
- 70FB7018D00000014
- Contractor
- ASSET GROUP, INC.
- Obligations to Date
- $6.2M
- Ceiling Value
- $47.5M
- Award Date
- 09/27/2018
- Contract Type
- IDC
- Contract Vehicle
- FEMA Infant and Toddler Kits and Items (2018)
- Competition Set Aside Type
- No set aside used
- Buying Agency/Office
- Homeland Security (DHS) » Federal Emergency Management Agency (FEMA)
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Task Order History
| Task Order No. | Contractor | Obligations | Effective Date |
|---|---|---|---|
| 70FB7018F00000324 | ASSET GROUP, INC. | $395.4k | 09/28/2018 |
| 70FB7018F00000326 | ASSET GROUP, INC. | $25.7k | 09/28/2018 |
| 70FB7019F00000007 | ASSET GROUP, INC. | $673.7k | 10/14/2018 |
| 70FB7019F00000114 | ASSET GROUP, INC. | $200.2k | 06/14/2019 |
| 70FB7019F00000159 | ASSET GROUP, INC. | $29.3k | 09/02/2019 |
| 70FB7019F00000171 | ASSET GROUP, INC. | $140.8k | 09/13/2019 |
| 70FB7019F00000172 | ASSET GROUP, INC. | $68.2k | 09/13/2019 |
| 70FB7020F00000066 | ASSET GROUP, INC. | $2.9M | 04/08/2020 |
| 70FB7020F00000112 | ASSET GROUP, INC. | $259k | 05/08/2020 |
| 70FB7020F00000148 | ASSET GROUP, INC. | $10.9k | 07/20/2020 |
| 70FB7020F00000149 | ASSET GROUP, INC. | $10.9k | 07/20/2020 |
| 70FA5021F00000151 | ASSET GROUP, INC. | $1.3M | 09/27/2021 |
| 70FB7022F00000006 | ASSET GROUP, INC. | $136.1k | 10/28/2021 |
| 70FA3123F00000048 | ASSET GROUP, INC. | $36k | 05/25/2023 |
