Unisync Announces Its Decision to Withdraw From OCFC2 Bid

TORONTO, May 20, 2022 (GLOBE NEWSWIRE) -- The global disruptions that are currently occurring and the concurrent meteoric rise in a number of key inflationary factors has resulted in the need to re-assess the economic feasibility of the large managed service opportunity that we have been pursuing with the Department of National Defence since it was first announced to the industry over a decade ago. Solicitation W8486-206245/A issued by Public Works and Government Services Canada is referred to as OCFC2, the acronym for the Operational Clothing and Footwear Contract for the Canadian armed forces. The contract, which is anticipated to be awarded in the next few months, involves an initial term of five years with multiple renewal provisions resulting in a potential term of twenty years and estimated gross revenues exceeding $1 billion.