GWAC/IDIQ Contracts – Contracts that have Indefinite Delivery Indefinite Quantity can either be government-wide or single or multiple agency contracts. 8(a) Stars III would be an example of a GWAC that is 8(a) only. More successful 8(a) firms migrate from Sole Source Contracts to exclusive use of Set-aside contracts as their larger contract size becomes the firm’s primary focus. In most cases, to win these contracts, past performance is leveraged from prior 8(a) Sole Source Contracts. The benefit to the federal government is that they can save administrative time and costs by not having to go through a formalized bidding process.Ĩ(a) Set-aside Contracts – These contracts are “set aside” so that only 8(a) firms are permitted to bid on them. Sole Source Contracts are direct award, meaning that as long as the contracting officer has reason to believe the 8(a) firm's pricing is fair and reasonable, (generally a guideline for this is that the 8(a) firm's pricing is not more than 10% above market rates) then the contracting officer can directly award the contract to the 8(a) firm. Dollar values for these contracts are greater than the $150K Simplified Acquisition Procedures (SAP) yet less than the maximum 8(a) Sole Source award amounts of either $7.0MM for manufacturing or 4.0MM for all other industries. This is a contract that is directly awarded to an 8(a) firm by a Federal Contracting Officer without a formalized bidding process. There are three broad categories of contracts 8(a) firms can engage.Ĩ(a) Sole Source Contracts – Considered by many to be the smallest of the contract types in terms of size.
Understanding Sole Source Contracts and their uses is an important element for drafting your firm’s 8(a) Strategy.
For many 8(a) firms sole-source contracts are their entire source of revenue for the entire nine-year duration of their program life. Out of the $44+ billion spent with 8(a) Firms annually, almost half of that figure is spent with 8(a) firms through Federal Sole Source Contracts.
0 kommentar(er)
