GSA Awards $3.39M Contract for Economic Model Validation to Summit Consulting LLC
Contract Overview
Contract Amount: $3,385,672 ($3.4M)
Contractor: Summit Consulting LLC
Awarding Agency: General Services Administration
Start Date: 2022-08-29
End Date: 2026-08-28
Contract Duration: 1,460 days
Daily Burn Rate: $2.3K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 1
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: ECONOMIC MODEL VALIDATION RECOMPETE
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20024
Plain-Language Summary
General Services Administration obligated $3.4 million to SUMMIT CONSULTING LLC for work described as: ECONOMIC MODEL VALIDATION RECOMPETE Key points: 1. Contract awarded via full and open competition, suggesting a competitive bidding process. 2. Summit Consulting LLC, a single awardee, will provide administrative management and general management consulting services. 3. The contract has a firm-fixed-price structure, which helps control costs for the government. 4. The contract duration is 1460 days, ending in August 2026. 5. No small business participation is noted in this award.
Value Assessment
Rating: fair
The contract value of $3.39 million over four years for consulting services appears within a reasonable range for similar government contracts. Benchmarking against other GSA contracts for management consulting services would provide a more precise assessment.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded through full and open competition, indicating that multiple vendors had the opportunity to bid. This method generally promotes price discovery and competitive pricing.
Taxpayer Impact: The firm-fixed-price contract type aims to provide cost certainty for taxpayers, with the contractor bearing the risk of cost overruns.
Public Impact
Government agencies rely on accurate economic models for policy decisions and resource allocation. The validation of these models ensures the reliability of economic forecasts and analyses. Summit Consulting LLC's expertise in management consulting will be applied to this critical function. The contract's duration suggests a long-term need for these validation services.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of small business participation.
- Potential for cost creep if scope is not well-defined.
Positive Signals
- Full and open competition utilized.
- Firm-fixed-price contract type.
- Clear end date and duration specified.
Sector Analysis
The Administrative Management and General Management Consulting Services sector (NAICS 541611) is a common area for government contracting. Spending in this sector is driven by the need for expert advice on organizational efficiency, policy development, and program management.
Small Business Impact
This contract does not appear to include specific provisions or set-asides for small businesses. Further analysis would be needed to determine if small businesses were excluded or if they did not bid on this opportunity.
Oversight & Accountability
The General Services Administration (GSA) is responsible for overseeing this contract. Standard GSA oversight mechanisms for contract performance and financial management are expected to be in place.
Related Government Programs
- Administrative Management and General Management Consulting Services
- General Services Administration Contracting
- Federal Acquisition Service Programs
Risk Flags
- No small business participation.
- Potential for scope creep.
- Reliance on a single vendor for a critical function.
- Limited information on specific deliverables.
Tags
administrative-management-and-general-ma, general-services-administration, dc, delivery-order, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
General Services Administration awarded $3.4 million to SUMMIT CONSULTING LLC. ECONOMIC MODEL VALIDATION RECOMPETE
Who is the contractor on this award?
The obligated recipient is SUMMIT CONSULTING LLC.
Which agency awarded this contract?
Awarding agency: General Services Administration (Federal Acquisition Service).
What is the total obligated amount?
The obligated amount is $3.4 million.
What is the period of performance?
Start: 2022-08-29. End: 2026-08-28.
What specific economic models are being validated under this contract, and what is their intended use?
The specific economic models are not detailed in the provided data. However, their validation is crucial for ensuring the accuracy and reliability of economic forecasts, policy analyses, and resource allocation decisions made by federal agencies. Understanding the models' purpose would clarify the criticality of their validation.
What is the benchmark cost for similar economic model validation contracts awarded by the GSA or other federal agencies?
Without access to a comprehensive database of comparable federal contracts, establishing a precise benchmark is challenging. However, the $3.39 million award over four years suggests an average annual cost of approximately $846,000. This figure should be compared against contracts for similar scope and complexity within the management consulting services category.
How will the effectiveness of Summit Consulting LLC's validation services be measured and ensured?
Effectiveness is typically measured through performance metrics outlined in the contract's statement of work, such as the accuracy of validation reports, adherence to timelines, and client satisfaction. The GSA's Federal Acquisition Service will likely monitor these metrics and conduct regular performance reviews to ensure the contractor meets its obligations.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Management, Scientific, and Technical Consulting Services › Administrative Management and General Management Consulting Services
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › MANAGEMENT SUPPORT SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Solicitation ID: 47QFDA22Q0025
Offers Received: 1
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 777 6TH ST NW, WASHINGTON, DC, 20001
Business Categories: Asian Pacific American Owned Business, Category Business, Corporate Entity Not Tax Exempt, Limited Liability Corporation, Minority Owned Business, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $4,338,815
Exercised Options: $3,385,672
Current Obligation: $3,385,672
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: GS00F122CA
IDV Type: FSS
Timeline
Start Date: 2022-08-29
Current End Date: 2026-08-28
Potential End Date: 2027-08-28 00:00:00
Last Modified: 2026-02-12
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