Commerce Awards $2.3M for HR Consulting to Golden Key Group, LLC

Contract Overview

Contract Amount: $2,291,597 ($2.3M)

Contractor: Golden KEY Group, LLC

Awarding Agency: Department of Commerce

Start Date: 2021-04-01

End Date: 2026-09-24

Contract Duration: 2,002 days

Daily Burn Rate: $1.1K/day

Competition Type: FULL AND OPEN COMPETITION

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: HR SERVICES

Place of Performance

Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20230

State: District of Columbia Government Spending

Plain-Language Summary

Department of Commerce obligated $2.3 million to GOLDEN KEY GROUP, LLC for work described as: HR SERVICES Key points: 1. Contract value of $2.3M over 5 years. 2. Awarded via full and open competition. 3. Potential risk in long-term HR consulting reliance. 4. Sector: Professional Services (HR Consulting).

Value Assessment

Rating: fair

The contract value of $2.3M over approximately 5 years suggests a moderate annual spend. Benchmarking against similar HR consulting services requires more detailed scope of work and specific deliverables.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded through full and open competition, indicating a robust price discovery process. This method generally leads to competitive pricing as multiple vendors had the opportunity to bid.

Taxpayer Impact: The competitive award process aims to ensure taxpayer funds are used efficiently for necessary HR consulting services.

Public Impact

Ensures access to specialized HR expertise for the Department of Commerce. Supports agency operational efficiency through professional human resources management. Potential for improved employee relations and talent management.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Long-term reliance on external HR consulting.
Potential for scope creep in consulting services.

Positive Signals

Awarded through full and open competition.
Clear contract end date.

Sector Analysis

This contract falls within the professional, scientific, and technical services sector, specifically HR consulting. Spending in this area can vary significantly based on agency needs and size.

Small Business Impact

The data indicates this contract was not awarded to a small business. Further analysis would be needed to determine if small business set-asides were considered or if larger firms dominated the bidding.

Oversight & Accountability

Oversight would involve monitoring the contractor's performance against the Statement of Work and ensuring adherence to contract terms and conditions by the Department of Commerce.

Related Government Programs

Human Resources Consulting Services
Department of Commerce Contracting
Office of the Secretary Programs

Risk Flags

Long-term contract duration.
Potential for vendor dependency.
Lack of small business participation indicated.

Frequently Asked Questions

What is this federal contract paying for?

Department of Commerce awarded $2.3 million to GOLDEN KEY GROUP, LLC. HR SERVICES

Who is the contractor on this award?

The obligated recipient is GOLDEN KEY GROUP, LLC.

Which agency awarded this contract?

Awarding agency: Department of Commerce (Office of the Secretary).

What is the total obligated amount?

The obligated amount is $2.3 million.

What is the period of performance?

Start: 2021-04-01. End: 2026-09-24.

What specific HR challenges does this contract aim to address for the Department of Commerce?

This contract likely aims to address a range of human resources challenges, potentially including talent acquisition, employee development, compensation and benefits analysis, HR policy development, and organizational effectiveness. The specific needs would be detailed in the contract's Statement of Work, guiding the consultant's efforts to improve HR functions within the agency.

What are the primary risks associated with a multi-year HR consulting contract?

Primary risks include the potential for vendor lock-in, where the agency becomes overly reliant on the contractor's expertise and faces challenges transitioning away. There's also a risk of scope creep, leading to increased costs, and the possibility that the consultant's recommendations may not align with the agency's long-term strategic goals or internal capabilities.

How will the effectiveness of these HR consulting services be measured?

Effectiveness will be measured through key performance indicators (KPIs) outlined in the contract, such as improvements in employee retention rates, time-to-fill for open positions, employee satisfaction scores, and successful implementation of HR initiatives. Regular performance reviews and feedback from agency stakeholders will also be crucial for assessing the value delivered.

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: NEGOTIATED PROPOSAL/QUOTE

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 1850 CENTENNIAL PARK DR STE 200, RESTON, VA, 20191

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Limited Liability Corporation, Not Designated a Small Business, Small Business, Special Designations, U.S.-Owned Business, Woman Owned Business, Women Owned Small Business

Financial Breakdown

Contract Ceiling: $2,291,597

Exercised Options: $2,291,597

Current Obligation: $2,291,597

Actual Outlays: $1,330,754

Subaward Activity

Number of Subawards: 7

Total Subaward Amount: $494,212

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: 1331L521D13ES0002

IDV Type: IDC

Timeline