Drace Construction Corp

Igf::ot::igf,design-build/design Bid-build Indefinite Delivery/indefinite Quantity (IDIQ) Firm Fixed Price (FFP) Multiple Award Construction Contract (MACC) for Marine Corps Logistics Base (MCLB) Albany, Ga.

Committed

$11.4 Million

Covers FY2018 onward — 1 earlier orders (pre-FY2018) aren't counted. Why?

Paid to

Drace Construction Corp

UEI E8MCAKAVZ8C4

922 Porter Ave Ste 101, Ocean Springs, MS, 39564

Department of Defense

Department of the Navy

Navfacsyscom Mid-Atlantic

How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗

Federal contract vehicle · indefinite delivery / indefinite quantity

Department of Defense

Department of the Navy to

Drace Construction Corp

Committed

$11.4 Million

Covers FY2018 onward — 1 earlier orders (pre-FY2018) aren't counted. Why?

Paid to

Drace Construction Corp

UEI E8MCAKAVZ8C4

922 Porter Ave Ste 101, Ocean Springs, MS, 39564

Department of Defense

Department of the Navy

Navfacsyscom Mid-Atlantic

How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗