TPT Strategics' IST LLC Part of Multiple Companies Awarded $250M 5 Year Contract for Design-Build Construction Services from the Department of Interior and Forest Service

Rhea-AI Summary

TPT Strategic Inc., a subsidiary of TPT Global Tech (OTC PINK: INOQ), has been awarded a $250 million five-year Indefinite-Delivery, Indefinite-Quantity (IDIQ) contract by the Department of Interior and Forest Service for Design-Build Construction Services. This contract allows for services across multiple states, including Alabama, Florida, Georgia, Kentucky, Tennessee, and Texas, and is accessible to all DOI and FS agencies. IST, with over 15 years in federal contracting, will handle a variety of responsibilities such as design services, renovations, and utility installations, thereby enhancing its capacity to serve government clients.

Positive

• Awarded a $250 million IDIQ contract for Design-Build Construction Services from the Department of Interior and Forest Service.
• Opportunity to compete against a limited number of contractors, improving chances for contract awards.
• IST has over 15 years of experience in federal contracting, establishing credibility in the marketplace.

Negative

• None.

HUNTSVILLE, AL / ACCESSWIRE / April 3, 2023 / TPT Strategic Inc., a subsidiary of TPT Global Tech, Inc. (OTC PINK:INOQ) that specializes in providing general contracting and information technology services, announced that its division, Information Security and Training, LLC (IST), has been awarded a five-year, $250 million USD Indefinite-Delivery, Indefinite-Quantity (IDIQ) Multiple Award Task Order Contract (MATOC) for Design-Build Construction Services by the Department of Interior (DOI) and Forest Service (FS). This contract is available for use by all DOI and FS agencies, and only authorized Contracting Officers will be able to place task orders against these IDIQ contract awards.

IST's responsibilities under the contract include design services, construction of facilities, interior and exterior facility renovations, demolition and installation, heating and air-conditioning, HVAC controls, plumbing, fire suppression, interior and exterior electrical and lighting, fire and intrusion alarms, communications, interior and exterior utilities, site-work, landscaping, fencing, masonry, roofing, concrete, asphalt paving, storm drainage, limited environmental remediation, surveys, studies, and other related work. The scope of work for each task order will vary from site to site and will be carried out according to individual task order requirements.

The contract's primary area of coverage includes the continental US and Hawaii in any state or US territory for Department of Interior U.S. Fish and Wildlife Service, National Park Service, Bureau of Land Management, Bureau of Reclamation, Bureau of Indian Affairs, and the Forest Service. IST will compete against a limited number of contractors in six states: Alabama, Florida, Georgia, Kentucky, Tennessee, and Texas. With over 15 years of experience in the Federal Marketplace, IST has a strong track record of completing projects for the federal government.

"We are pleased to announce this contract award with the Department of Interior and Forest Service," said Stephen Thomas, CEO of TPT Global Tech. "IST's expertise and experience in government contracting has allowed us to provide exceptional service to our customers, and we look forward to providing innovative solutions and exceptional service to the Department of Interior and Forest Service."

IST, a general contractor and information technology company, has two divisions, Construction and IT. It has been a general contractor for over 15 years, offering services in the Federal Marketplace since 2008 and completing work for over 15 federal agencies. The company provides design-build construction, demolition, abatement, earthwork, concrete, steel and metal work, masonry, underground utilities, environmental protection, and site restoration services. Its Information Technology Services Division provides program management, system engineering, software development, and other IT services.

"TPT Strategic is committed to providing innovative solutions and exceptional customer service to our clients," said Everett Lanier, President of IST and TPT Strategic. "We are proud of our work ethic and our ongoing commitment to excellence."

IST LLC will have the opportunity to compete against a limited number of contractors in six states, namely AL, FL, GA, KY, TN, and TX, with the number of offerors ranging from nine to twenty-two contractors. This approach creates a higher probability of contract awards compared to the traditional full and open competition approach.

Contact PR-Shep Doniger at sdoniger@bdcginc.com or IR-Frank Benedetto at 619-915-9422 for more information.

SOURCE: TPT Global Tech, Inc.

View source version on accesswire.com:
https://www.accesswire.com/747368/TPT-Strategics-IST-LLC-Part-of-Multiple-Companies-Awarded-250M-5-Year-Contract-for-Design-Build-Construction-Services-from-the-Department-of-Interior-and-Forest-Service

FAQ

What is the significance of the $250 million contract awarded to INOQ?

The $250 million contract enables TPT Strategic's IST division to provide construction services to federal agencies, enhancing revenue potential.

How long is the contract awarded to TPT Strategic?

The contract is a five-year IDIQ contract.

Which states can TPT Strategic provide services under the new contract?

TPT Strategic can provide services in Alabama, Florida, Georgia, Kentucky, Tennessee, and Texas.

What types of services will TPT Strategic offer under the contract?

Services include design, construction, renovations, HVAC systems, plumbing, and utility installations.

What prior experience does TPT Strategic have in federal contracting?

TPT Strategic has over 15 years of experience in the federal marketplace, completing projects for various federal agencies.