Commerce Awards $23M for HR Support Services to Golden Key Group, LLC
Contract Overview
Contract Amount: $23,094,044 ($23.1M)
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: $11.5K/day
Competition Type: FULL AND OPEN COMPETITION
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: HUMAN RESOURCES PERSONNEL SUPPORT SERVICES
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20230
Plain-Language Summary
Department of Commerce obligated $23.1 million to GOLDEN KEY GROUP, LLC for work described as: HUMAN RESOURCES PERSONNEL SUPPORT SERVICES Key points: 1. Contract awarded to Golden Key Group, LLC for $23.1 million. 2. Service category is Human Resources Consulting Services (NAICS 541612). 3. Contract duration spans from April 2021 to September 2026. 4. Awarded under full and open competition. 5. No small business participation noted.
Value Assessment
Rating: fair
The contract value of $23.1 million over five years appears reasonable for specialized HR consulting services. Benchmarking against similar large-scale HR support contracts would provide a clearer picture of value.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded through full and open competition, suggesting a robust price discovery process. This method generally leads to competitive pricing.
Taxpayer Impact: Taxpayer funds are being used for essential HR support services, with competition aiming to ensure efficient allocation.
Public Impact
Ensures continuity of critical human resources functions within the Department of Commerce. Supports personnel management, policy development, and employee relations. Potential impact on employee morale and organizational efficiency.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of small business participation.
- Long contract duration could lead to scope creep or evolving needs.
Positive Signals
- Awarded via full and open competition.
- Firm fixed price contract type controls costs.
Sector Analysis
Human Resources Consulting Services are crucial for government operations, encompassing recruitment, training, and employee relations. Spending in this sector can vary widely based on agency size and specific needs.
Small Business Impact
The contract does not indicate any small business participation. This could represent a missed opportunity to support small businesses in the HR consulting sector.
Oversight & Accountability
Oversight will be critical to ensure Golden Key Group, LLC meets performance expectations and delivers value throughout the contract's duration. Regular performance reviews are essential.
Related Government Programs
- Human Resources Consulting Services
- Department of Commerce Contracting
- Office of the Secretary Programs
Risk Flags
- No small business participation.
- Long contract duration.
- Potential for service relevance to decline over time without active management.
- Reliance on a single contractor for critical HR functions.
Tags
human-resources-consulting-services, department-of-commerce, dc, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Commerce awarded $23.1 million to GOLDEN KEY GROUP, LLC. HUMAN RESOURCES PERSONNEL SUPPORT 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 $23.1 million.
What is the period of performance?
Start: 2021-04-01. End: 2026-09-24.
What specific HR services are included in this $23 million contract, and how do they align with the Department of Commerce's strategic goals?
The contract covers Human Resources Consulting Services (NAICS 541612). Specific services likely include areas such as workforce planning, talent acquisition, compensation and benefits analysis, employee relations, HR policy development, and training program support. These services are essential for maintaining an effective and compliant workforce, directly supporting the Department's operational efficiency and strategic objectives by ensuring it has the right personnel and HR infrastructure in place.
What are the key performance indicators (KPIs) for this contract, and how will performance be measured to ensure effective service delivery?
Key performance indicators would typically focus on service timeliness, accuracy of HR advice, compliance with regulations, client satisfaction (internal stakeholders), and successful implementation of HR initiatives. Performance measurement would likely involve regular reporting from Golden Key Group, LLC, periodic reviews by the Department of Commerce contracting officer's representative (COR), and feedback from serviced departments. Adherence to agreed-upon service levels and achievement of project milestones would be critical.
Given the five-year duration, what mechanisms are in place to ensure the services remain relevant and cost-effective as HR best practices and technology evolve?
Mechanisms to ensure relevance and cost-effectiveness over a five-year term include contract clauses for regular performance reviews and potential for equitable adjustments if significant market changes occur. The firm fixed price structure incentivizes the contractor to deliver efficiently. The Department should also maintain active oversight, encouraging innovation from the contractor and potentially incorporating updated requirements or best practices through contract modifications, ensuring the services adapt to evolving HR landscapes.
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: $23,094,044
Exercised Options: $23,094,044
Current Obligation: $23,094,044
Actual Outlays: $18,687,737
Subaward Activity
Number of Subawards: 7
Total Subaward Amount: $3,183,872
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: 1331L521D13ES0002
IDV Type: IDC
Timeline
Start Date: 2021-04-01
Current End Date: 2026-09-24
Potential End Date: 2026-09-24 00:00:00
Last Modified: 2025-09-19
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