N0024409G0067 - EDUCATIONAL SERVICE AGREEMENT

This IDC contract for Education/Training > Human Capital was awarded in FY2009 on Jun 24, 2009 to TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA by . There have been $3.3M in obligations to date with a ceiling value of $3.3M, showing a 100% burn rate so far on the contract. The contract was not competed under any preference program with 1 offer received. We expect a 19 year duration with ultimate completion date of Nov 29, 2028.

TRUSTEES OF THE UNIVERSITY OF PENNSYLVANIA is a contractor located in PA, doing primarily Education/Training > Human Capital work for Navy. The company receives $2.7M 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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