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Defence contracts

International Business Machines Corp. Awarded $7,635,577 Contract for Technical and Functional Services

Strategic Insights

— 1 min read

International Business Machines Corp. has been awarded a maximum $7,635,577 modification exercising the second one-year option period of a one-year base contract for technical and functional services for the Defense Agencies Initiative. This contract supports the Defense Logistics Agency's (DLA) efforts to modernize its business systems and improve the efficiency of its logistics operations. The contract is a firm-fixed-price, cost-plus-incentive-fee agreement that includes options for four one-year periods.

Key Takeaways:

  • International Business Machines Corp. has been awarded a $7,635,577 contract modification for technical and functional services in support of the Defense Agencies Initiative.
  • The contract is a firm-fixed-price, cost-plus-incentive-fee agreement with four one-year option periods.
  • The contract performance will be completed by July 31, 2021, and will be implemented in Virginia and other areas in the continental U.S.
  • The contract was awarded by the Defense Logistics Agency Contracting Services Office, Philadelphia, Pennsylvania.
  • The contract type is firm-fixed-price, cost-plus-incentive-fee.
  • The contract funds will be provided through fiscal 2020 through 2021 operations and maintenance funds, as well as research, development, test and evaluation funds.

Statistics:

  • $7,635,577: The maximum value of the contract modification awarded to International Business Machines Corp.
  • July 31, 2021: The performance completion date for the contract.
  • 1 year: The length of the contract base period.
  • 4 years: The total duration of the contract, including four one-year option periods.
  • 100%: The contract type, which is firm-fixed-price, cost-plus-incentive-fee.

Sources:

  • U.S. Department of Defense: "Defense Contract Award 👉 SP4701-18-C-0048"
  • News Editor at Politics & Government Business, VerticalNews, July 16, 2020: "International Business Machines Corp. Awarded $7,635,577 Contract for Technical and Functional Services"

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