My firm just won a federal contract for office supplies, NAICS 453210, a small business set-aside. We received an award notice today, which is exciting, but I am trying to figure out what it actually means. I've only seen solicitations before, so this is new territory for me. I am looking at the document now, and it lists our company name and the contract number. I also see a total value. What is the purpose of an award notice, and what key details should it contain beyond what I'm seeing?
What is the purpose of an 'award notice' and what information does it contain?
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An award notice formally announces that a contract has been awarded and provides key details of that award. For federal contracts, agencies must report every contract action over the micro-purchase threshold to the Federal Procurement Data System (FPDS), as stated in FAR 4.606(a)(1). Your award notice should contain your company name, the contract number, and the total value, as you noted. It will also typically include the NAICS code, the Product Service Code (PSC), the award date, the period of performance, and the awarding agency's name. You will also see the solicitation number from the original posting. For state and local contracts, the content of an award notice depends on the specific state procurement code and the rules of the particular state procurement portal where the opportunity was advertised.