Author: Jane Edwards|| Date Published: November 8, 2023
The U.S. Air Force plans to increase the ceiling amount of a potential eight-year, $2.6 billion contract for global engineering and construction support services by approximately $1.8 billion.
Raising the ceiling value of the Worldwide Engineering and Construction indefinite-delivery/indefinite-quantity contract to $4.4 billion will cover the remaining option years and help sustain the Facilities, Sustainment, Restoration and Modernization program, according to a special notice published Monday.
The service branch’s 772nd Enterprise Sourcing Squadron expects the adjustment to the WE&C multiple-award contract’s total ceiling value to support repair works on damaged facilities at Andersen Air Force Base in Guam caused by a typhoon and meet foreign military sales and Defense Logistics Agency requirements.
In 2017, the Air Force awarded 11 companies, including AECOM (NYSE: ACM) and KBR (NYSE: KBR), spots on the IDIQ contract.
The contract’s option period kicked off on Feb. 28, 2022, and will run through Feb. 27, 2025. The ordering period can be extended for another six months, ending on Aug. 27, 2025.
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