The U.S. Army Corps of Engineers Engineering District Far East awarded a single award indefinite delivery contract to Yibon Construction Co., Ltd. with a potential value of $25 million. The contract provides for airfield paving projects at various locations in South Korea from June 2023 through June 2026. A minimum guarantee delivery order against the contract was also awarded to Yibon for $2,500 to complete work between June 2023 and June 2026. No set asides were specified for the contract or initial order.
The indefinite delivery contract functions as a multiple award indefinite delivery, indefinite quantity vehicle to enable the agency to issue firm fixed price task orders for minor construction and repair services in support of airfield paving needs at various locations in South Korea over the life of the contract. The initial minimum guarantee order serves as the first task order issued against the contract to Yibon for performance of unspecified airfield paving projects between the stated dates.
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