USDA's $2.2M Contract for Retirement and Benefits Services Awarded to Govstrive LLC

Contract Overview

Contract Amount: $2,207,429 ($2.2M)

Contractor: Govstrive LLC

Awarding Agency: Department of Agriculture

Start Date: 2024-08-10

End Date: 2027-05-10

Contract Duration: 1,003 days

Daily Burn Rate: $2.2K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 1

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: RETIREMENT AND BENEFITS SERVICES TO INCLUDE PROVIDING GUIDANCE AND COUNSELING TO EMPLOYEES AND ANNUITANTS CONCERNING THEIR RIGHTS AND BENEFITS TO INCLUDED DISABILITY BENEFITS, ANNUITY, RETIREMENT, VOLUNTARY EARLY RETIREMENT AUTHORITY (VERA), VOLUNTAR

Place of Performance

Location: BELTSVILLE, PRINCE GEORGES County, MARYLAND, 20705

State: Maryland Government Spending

Plain-Language Summary

Department of Agriculture obligated $2.2 million to GOVSTRIVE LLC for work described as: RETIREMENT AND BENEFITS SERVICES TO INCLUDE PROVIDING GUIDANCE AND COUNSELING TO EMPLOYEES AND ANNUITANTS CONCERNING THEIR RIGHTS AND BENEFITS TO INCLUDED DISABILITY BENEFITS, ANNUITY, RETIREMENT, VOLUNTARY EARLY RETIREMENT AUTHORITY (VERA), VOLUNTAR Key points: 1. The contract focuses on providing essential guidance and counseling for employee retirement and benefits. 2. Govstrive LLC, a small business, secured this contract. 3. The contract is for Human Resources Consulting Services, classified under NAICS code 541612. 4. This award represents a significant investment in employee support services within the Agricultural Research Service.

Value Assessment

Rating: fair

The contract value of $2.2M over approximately 3 years appears reasonable for specialized HR consulting services. Benchmarking against similar government-wide contracts for HR consulting would provide a more precise assessment.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, suggesting a competitive bidding process. This method is generally expected to yield fair market prices.

Taxpayer Impact: Taxpayer funds are being used to ensure federal employees receive proper guidance on their retirement and benefits, which can contribute to employee satisfaction and retention.

Public Impact

Ensures federal employees receive critical information about their retirement and benefits. Supports the Agricultural Research Service in managing its workforce effectively. Provides access to specialized HR consulting services, potentially improving employee morale and reducing administrative burdens. The contract duration of approximately 3 years allows for consistent service delivery.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Lack of detailed performance metrics in the provided data.
Potential for scope creep if not managed carefully.
Dependence on a single contractor for critical employee services.

Positive Signals

Awarded under full and open competition.
Focus on essential employee support services.
Contractor is a small business.

Sector Analysis

This contract falls within the Human Resources Consulting Services sector. Spending in this area is crucial for government agencies to manage their workforce, ensure compliance, and support employee well-being. Benchmarks for similar HR consulting contracts vary widely based on scope and duration.

Small Business Impact

Govstrive LLC is identified as a small business. Awarding contracts to small businesses is a government priority and can foster economic growth. Further analysis would be needed to determine if this contract represents a significant portion of the small business's portfolio.

Oversight & Accountability

The contract is managed by the Department of Agriculture's Agricultural Research Service. Standard government oversight procedures for contract performance and financial management are expected to be in place.

Related Government Programs

Human Resources Consulting Services
Department of Agriculture Contracting
Agricultural Research Service Programs

Risk Flags

Contract value is substantial.
Service is critical for employee well-being.
Performance metrics not detailed.
Potential for reliance on a single provider.

Frequently Asked Questions

What is this federal contract paying for?

Department of Agriculture awarded $2.2 million to GOVSTRIVE LLC. RETIREMENT AND BENEFITS SERVICES TO INCLUDE PROVIDING GUIDANCE AND COUNSELING TO EMPLOYEES AND ANNUITANTS CONCERNING THEIR RIGHTS AND BENEFITS TO INCLUDED DISABILITY BENEFITS, ANNUITY, RETIREMENT, VOLUNTARY EARLY RETIREMENT AUTHORITY (VERA), VOLUNTAR

Who is the contractor on this award?

The obligated recipient is GOVSTRIVE LLC.

Which agency awarded this contract?

Awarding agency: Department of Agriculture (Agricultural Research Service).

What is the total obligated amount?

The obligated amount is $2.2 million.

What is the period of performance?

Start: 2024-08-10. End: 2027-05-10.

What specific metrics will be used to evaluate the effectiveness of the retirement and benefits counseling provided by Govstrive LLC?

The provided data does not specify performance metrics. Effective evaluation would likely involve tracking employee satisfaction surveys, the accuracy and timeliness of guidance provided, and the resolution rate of employee inquiries. Clear Service Level Agreements (SLAs) should be established to ensure accountability and measure the quality of services delivered under this contract.

What is the potential risk if Govstrive LLC fails to provide adequate or accurate benefits counseling to employees?

Inadequate or inaccurate counseling could lead to significant financial and legal repercussions for employees, including missed deadlines for benefit enrollment, incorrect annuity calculations, or failure to access entitled disability benefits. This could result in employee dissatisfaction, potential litigation against the agency, and damage to the agency's reputation for employee support.

How does this contract contribute to the overall efficiency and effectiveness of the Agricultural Research Service's HR operations?

By outsourcing specialized retirement and benefits counseling, the Agricultural Research Service can allow its internal HR staff to focus on broader strategic initiatives and core HR functions. This specialized support can improve the accuracy and consistency of information provided to employees, potentially reducing errors and the need for follow-up, thereby enhancing overall HR operational efficiency.

Industry Classification

NAICS: Professional, Scientific, and Technical Services › Management, Scientific, and Technical Consulting Services › Human Resources Consulting Services

Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › PROFESSIONAL SERVICES

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Solicitation ID: 1232SA24Q0088

Offers Received: 1

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 104 N JEFFERSON ST, DUBLIN, GA, 31021

Business Categories: Category Business, Corporate Entity Not Tax Exempt, HUBZone Firm, Limited Liability Corporation, Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $3,890,584

Exercised Options: $2,207,429

Current Obligation: $2,207,429

Actual Outlays: $1,106,977

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: 12805B23A0005

IDV Type: BPA

Timeline