Offsets are product or service delivery obligations incurred by a defense contractor to its government contract customer. Offset obligations arise under the primary contract for the sale of products by the contractor to the government agencies.Typically, these sale contracts involve high-priced, defense-related products having substantial value. The contracts are very lucrative for the contractor
We are pleased to introduce you to International Offset Corporation (“IOC”), a specialist in designing and implementing novel concepts of advanced countertrade for developing country clients. IOC can design and implement countertrade business models for its clients which enhance buying power by leveraging indigenous resource value.
IOC CONSUMMATES FIRST DOMESTIC U.S CONTRACT
This week, International Offset Corporation (IOC) completed a four-month negotiation for its client Horton World Solutions (HWS) to begin building the first phase of a major upscale development in Louisiana. This is the first project IOC accepted within the domestic US market.
Mr. Terry Horton, founder of HWS, stated that “while HWS originally partnered with IOC to develop its international marketplace, the creation of a domestic opportunity was a pleasant surprise and one that we are excited to develop to evidence the strengths of our building systems.”
The $37 million contract will provide for a minimum of 150 homes to be built initially with the continued exclusive to develop additional housing as the marketplace demands.
IOC CEO Matthew Talbert said “while our focus has been international development for the Horton World Solutions Corporation, we are extremely proud to have been able to develop, negotiate, and consummate this opportunity for HWS. This is the first of what we believe to be numerous additional opportunities to work with HWS both domestically and internationally through offsets and Countertrade opportunities.”