Posted on 10/07/2010 10:31:45 PM PDT by ErnstStavroBlofeld
Incorrect. Operation "Normandy", 8 AH-64As, 0238 17 January 1991.
“This contract has the potential to be worth $11.9 billion.
As the article points out, there isn’t that much money allocated for the contract. It will be used on an as-needed basis as things crop up.
This will cover things like the discovery of corrosion in the main wing spars, and get them repaired without having to go through a two year bid process.”
Exactly...1st...Govt. likes to set extra high ceilings on IDIQ contracts so they don’t have to always be modifying them.
2nd...Defense contractors LOVE the high ceiling because they can brag to their stockholders that they received an $11.9Billion contract - when in reality they may never see a billions-worth of business out of it.
and lastly, Govt. sometimes uses these IDIQs for fiscal year end buying of stuff which may or may not be for the original purpose. (cheating, but it happens)
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