Base
Active Definitive Contract Awarded Last action
- Contract number
- N0002424CT003
- Awardee
-
Faraday Technology, Inc. UEI ZL5LDDLNHGN4 Part of Physical Sciences Inc.
- Awarding agency
-
Naval Sea Systems Command
Department of the Navy, Department of Defense
- Obligated
- $1,699,970
Award facts
- Contract value 100% obligated
- $1,699,970.00 Current and potential, with all options
- Completion date 85% complete
- Current and potential, with all options
- Contracting staff
- NAICS code
- 541715 Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)
- Set-aside
- Total Small Business
- Competition
- Full and Open Competition after exclusion of sources · 2 offers Negotiated Proposal / Quote
- Pricing
- Cost Plus Fixed Fee
- Place of performance
- Clayton, OH 45315, USA
- Legislative mandates
-
- Walsh-Healey Public Contracts Act FAR subpart 22.6
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Exercise an Option | $500,859 | |
| Other Administrative Action | $0 | |
| Funding Only Action | $599,111 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Original award | $600,000 |
About this award
Naval Sea Systems Command awarded a $1.7 million definitive contract to Faraday Technology, Inc., a small business, on April 24, 2024, under a total small business set-aside. The contract is priced on a cost-plus-fixed-fee basis with a ceiling value of $1,699,970 and ultimate completion date of March 20, 2027.
The award exercises an option on CLIN 0005 of the base contract. Place of performance is Clayton, OH.
Quick answers
Who was awarded contract N0002424CT003?
N0002424CT003 was awarded to Faraday Technology, Inc. by Naval Sea Systems Command (Department of the Navy) on April 24, 2024.
How much is contract N0002424CT003 worth?
The government has obligated $1,699,970 on N0002424CT003. Its current value, with exercised options, is $1,699,970.
Was contract N0002424CT003 competed?
The extent of competition for N0002424CT003 was full and open competition after exclusion of sources. The government received 2 offers. It was set aside: Total Small Business.
On GovTribe
See this award's full record
- Every transaction and funding action
- The awardee's other awards and teaming partners
- Similar awards and recompete opportunities
- Ask GovTribe AI about this award