N0018923D0037 - FRT 5-DAYS

This IDC contract for Education/Training > Human Capital was awarded in FY2023 on Sep 26, 2023 to LRS GRYPHON JV LLC by Naval Safety and Environmental Training Center (NSETC). There have been $461.8k in obligations to date with a ceiling value of $4M, showing a 12% burn rate so far on the contract. The contract was competed under Service Disabled Veteran Owned Small Business Set-Aside preference program with 1 offer received. We expect a 3 year duration with ultimate completion date of Sep 29, 2026.

LRS GRYPHON JV LLC is a contractor located in MD, doing primarily Education/Training > Human Capital work for Navy. The company receives $178.8k 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

Navy»Naval Safety Command (NAVSAFECOM)»Naval Safety and Environmental Training Center (NSETC)

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