Contract FA462624P0025

Faac Incorporated · Department Of Defense · April 30, 2024

Firm Fixed PriceSole SourceNAICS 524128

Faac Incorporated was awarded a federal contract by Department Of Defense (Department Of The Air Force) on April 30, 2024 for $106,000 of work in other direct insurance (except life, health, and medical) carriers. Performance is in Malmstrom Afb, MT. It was awarded under full and open competition. The contract has been modified 2 times since the base award It uses firm fixed-price contract pricing. The most recent modification was on March 4, 2025. If all options are exercised, the contract could reach $176,000.

Obligated to date
$105.7K
$105,742
Current value
$105.7K
Potential value
$175.9K
if all options exercised
Modifications
2
Latest March 4, 2025

Contract details

PIID
FA462624P0025
Award type
Purchase Order
Pricing
Firm Fixed Price
Set-aside
No Set Aside Used.
Competition
Not Competed
NAICS
524128 · Other Direct Insurance (Except Life, Health, And Medical) Carriers
Product / service
Social- Government Insurance Programs: Other
Place of performance
Malmstrom Afb, MT
First action
April 30, 2024
Latest action
March 4, 2025

Description

THIS CONTRACT IS FOR THE MILO WARRANTY.

Modification timeline

  • March 4, 2025
    Mod P00002
    $47.5K
  • July 17, 2024
    Mod P00001
    $33.5K
  • April 30, 2024
    Base award
    THIS CONTRACT IS FOR THE MILO WARRANTY. THIS CONTRACT WILL CONSIST OF ONE BASE YEAR AND TWO OPTION YEARS.
    $24.8K

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Frequently asked questions

What is contract FA462624P0025?

Contract FA462624P0025 is a federal contract awarded to Faac Incorporated by Department Of Defense on April 30, 2024 for $106,000 of work classified under OTHER DIRECT INSURANCE (EXCEPT LIFE, HEALTH, AND MEDICAL) CARRIERS. It has been modified 2 times since the base award.

Who won contract FA462624P0025?

Faac Incorporated won contract FA462624P0025 from Department Of Defense.

How much is contract FA462624P0025 worth?

Contract FA462624P0025 has obligated $106,000 to date, with a total potential value of $176,000 if all options are exercised.