Commerce Awards $46.6M HR Consulting Contract to Golden Key Group, LLC
Contract Overview
Contract Amount: $46,551,992 ($46.6M)
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: $23.3K/day
Competition Type: FULL AND OPEN COMPETITION
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: HR SERVICES
Place of Performance
Location: SILVER SPRING, MONTGOMERY County, MARYLAND, 20910
State: Maryland Government Spending
Plain-Language Summary
Department of Commerce obligated $46.6 million to GOLDEN KEY GROUP, LLC for work described as: HR SERVICES Key points: 1. Contract Value: $46.6 million over 5 years. 2. Competition: Awarded under full and open competition. 3. Risk: Firm fixed price contract mitigates cost overrun risk. 4. Sector: Human Resources Consulting Services (NAICS 541612).
Value Assessment
Rating: good
The contract's firm fixed price structure provides cost certainty. Benchmarking against similar HR consulting services contracts is recommended to ensure competitive pricing.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
Awarded through full and open competition, this method generally promotes competitive pricing and allows a broad range of vendors to bid. The delivery order structure allows for task-specific pricing.
Taxpayer Impact: The competitive award process aims to secure fair market value, maximizing taxpayer benefit for HR consulting services.
Public Impact
Ensures access to specialized HR expertise for the Department of Commerce. Supports efficient human capital management and organizational development. Potential for improved employee services and operational effectiveness.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of specific performance metrics in provided data.
- Potential for scope creep if not managed tightly.
Positive Signals
- Firm fixed price contract.
- Full and open competition.
- Long-term contract provides stability.
Sector Analysis
This contract falls within the professional services sector, specifically HR consulting. Spending benchmarks for similar services can vary widely based on scope and duration, but $46.6M over 5 years suggests a significant engagement.
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 participation was sought or achieved through subcontracting.
Oversight & Accountability
Oversight will be crucial to ensure Golden Key Group, LLC meets performance expectations and delivers value within the firm fixed price. The Department of Commerce's contracting office is responsible for monitoring.
Related Government Programs
- Human Resources Consulting Services
- Department of Commerce Contracting
- Office of the Secretary Programs
Risk Flags
- Lack of detailed service scope.
- No small business participation noted.
- Potential for vendor performance issues.
- Need for clear performance metrics.
Tags
human-resources-consulting-services, department-of-commerce, md, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Commerce awarded $46.6 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 $46.6 million.
What is the period of performance?
Start: 2021-04-01. End: 2026-09-24.
What specific HR services are included in this contract and how do they align with the Department of Commerce's strategic goals?
The contract is for Human Resources Consulting Services (NAICS 541612). While the exact services aren't detailed, they likely encompass areas such as talent acquisition, compensation and benefits, employee relations, organizational development, and HR policy implementation. Alignment with strategic goals would depend on the specific objectives set by the Department of Commerce for improving its human capital management and workforce effectiveness.
Are there any identified risks associated with the vendor, Golden Key Group, LLC, or the specific HR services being procured?
Without specific performance history or background information on Golden Key Group, LLC, it's difficult to assess vendor-specific risks. However, general risks for HR consulting include potential for misaligned strategies, challenges in change management, and ensuring data privacy and security. The firm fixed price contract mitigates financial risk, but performance risk remains if the vendor fails to deliver expected outcomes.
How will the effectiveness of the HR consulting services be measured to ensure optimal value for taxpayer dollars?
Effectiveness measurement should involve clearly defined Key Performance Indicators (KPIs) tied to the specific HR services delivered. Examples could include improvements in recruitment time-to-fill, employee retention rates, employee satisfaction scores, or successful implementation of new HR policies. Regular performance reviews and feedback mechanisms between the Department of Commerce and Golden Key Group, LLC are essential for tracking progress and ensuring value.
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: $49,790,661
Exercised Options: $49,790,661
Current Obligation: $46,551,992
Actual Outlays: $25,016,389
Subaward Activity
Number of Subawards: 7
Total Subaward Amount: $5,648,883
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: 2025-12-12
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