Contract 75A50121C00059

Velico Medical, Inc. · Department Of Health And Human Services · August 9, 2024

Cost Plus Fixed FeeFull & Open CompetitionNAICS 334519

Velico Medical, Inc. was awarded a federal contract by Department Of Health And Human Services (Office Of Assistant Secretary For Preparedness And Response) on August 9, 2024 for $38.30 million of work in other measuring and controlling device manufacturing. Performance is in Beverly, MA. It was awarded under full and open competition. The contract has been modified 5 times since the base award It uses cost-plus contract pricing. The most recent modification was on February 27, 2026. If all options are exercised, the contract could reach $153.33 million.

Obligated to date
$38.30M
$38,297,748
Current value
$135.61M
Potential value
$153.33M
if all options exercised
Modifications
5
Latest February 27, 2026

Contract details

PIID
75A50121C00059
Award type
Definitive Contract
Pricing
Cost Plus Fixed Fee
Set-aside
No Set Aside Used.
Competition
Full And Open Competition
NAICS
334519 · Other Measuring And Controlling Device Manufacturing
Product / service
Health R&D Services; Health Care - Other; Applied Research
Place of performance
Beverly, MA
First action
August 9, 2024
Latest action
February 27, 2026

Description

FAR PART 43.103(A) - BILATERAL MODIFICATION

Modification timeline

  • February 27, 2026
    Mod P00017 · Exercise An Option
    $135.61M
  • February 20, 2026
    Mod P00016 · Other Administrative Action
    THE PURPOSE OF THIS MODIFICATION IS TO CORRECT THE PERIOD OF PERFORMANCE FOR CLIN0008/OPTION 7 AND CLIN0004/OPTION 5 TO ALIGN WITH IPP.
    $100.61M
  • December 15, 2025
    Mod P00015 · Other Administrative Action
    THE PURPOSE OF THIS NO-COST EXTENSION MODIFICATION IS TO EXTEND THE PERIOD OF PERFORMANCE THROUGH FEBRUARY 28, 2026, FOR CLIN 0008/OPTION 7 FOR THE COMPLETION OF A SUCCESSFUL PHASE 1 CLINICAL STUDY CO…
    $100.61M
  • August 4, 2025
    Mod P00014 · Funding Only Action
    THE PURPOSE OF THIS MODIFICATION IS TO PROVIDE SUPPLEMENTAL FUNDING FOR CLINS 0001, 0005, 0008, 0009, EXTEND THE PERIOD OF PERFORMANCE THROUGH JUNE 30, 2026, FOR CLINS 0004 AND 0005; AND CLIN 0009 THR…
    $100.61M
  • August 22, 2024
    Mod P00011 · Other Administrative Action
    THE PURPOSE OF THIS NO-COST EXTENSION MODIFICATION IS TO EXTEND THE PERIOD OF PERFORMANCE (POP) OF CLIN 0001 (BASE) TO 6/30/2025, CLIN 0002 (OPTION 1) TO 12/31/2024, AND CLIN 0003 (OPTION 2) TO 12/31/…
    $97.31M
  • August 9, 2024
    Mod P00010 · Other Administrative Action
    THE PURPOSE OF THIS MODIFICATION IS TO CORRECT THE PERIOD OF PERFORMANCE TO ALIGN IPP FOR CLIN0005 (OPTION 4).
    $97.31M

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Frequently asked questions

What is contract 75A50121C00059?

Contract 75A50121C00059 is a federal contract awarded to Velico Medical, Inc. by Department Of Health And Human Services on August 9, 2024 for $38.30 million of work classified under OTHER MEASURING AND CONTROLLING DEVICE MANUFACTURING. It has been modified 5 times since the base award.

Who won contract 75A50121C00059?

Velico Medical, Inc. won contract 75A50121C00059 from Department Of Health And Human Services.

How much is contract 75A50121C00059 worth?

Contract 75A50121C00059 has obligated $38.30 million to date, with a total potential value of $153.33 million if all options are exercised.