70FB8020D00000003 - AWARD OF ONE OF TWO MULTIPLE AWARD ID/IQ CONTRACTS...

This IDC contract for Construction Related Materials > Equipment Related Services was awarded in FY2020 on October 04, 2019 to Vanguard Inspection Services by FEMA Office of Response & Recovery. There have been $245.2M in obligations to date with a ceiling value of $943M, showing a 26% burn rate so far on the contract. The contract was not competed under any preference program with 6 offers received. We expect a 5 year duration with ultimate completion date of September 29, 2024.

Vanguard Inspection Services is a contractor located in FL, doing primarily Construction Related Materials > Equipment Related Services work for Homeland Security (DHS). The company receives $11.2M 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

Homeland Security (DHS) » Federal Emergency Management Agency (FEMA) » FEMA Office of Response & Recovery

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