EPA Awards $3.49M Contract for Technical Support to Industrial Economics Inc
Contract Overview
Contract Amount: $348,997 ($349.0K)
Contractor: Industrial Economics Inc
Awarding Agency: Environmental Protection Agency
Start Date: 2024-07-25
End Date: 2029-09-01
Contract Duration: 1,864 days
Daily Burn Rate: $187/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 1
Pricing Type: TIME AND MATERIALS
Sector: Other
Official Description: TECHNICAL SUPPORT FOR IMPACTS MODELING AND APPLICATIONS COR: MARCUS SAROFIM ALT-COR: CORRINE HARTIN
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20005
Plain-Language Summary
Environmental Protection Agency obligated $348,997.4 to INDUSTRIAL ECONOMICS INC for work described as: TECHNICAL SUPPORT FOR IMPACTS MODELING AND APPLICATIONS COR: MARCUS SAROFIM ALT-COR: CORRINE HARTIN Key points: 1. Contract awarded to Industrial Economics Inc. for technical support services. 2. The contract has a duration of 1864 days, ending September 1, 2029. 3. Competition was full and open, suggesting a competitive bidding process. 4. The primary sector appears to be administrative management and general management consulting.
Value Assessment
Rating: fair
The contract is a Time and Materials type, which can lead to cost overruns if not managed carefully. The awarded amount is $3,489,97.40, but the final cost will depend on actual hours worked and material costs.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under 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 competitive nature of the award is positive for taxpayers, as it likely resulted in a more favorable price than a sole-source or limited competition scenario.
Public Impact
Environmental protection efforts may be enhanced by the technical support provided. The contract supports administrative and management consulting services within the EPA. Long-term support through 2029 ensures continuity for critical EPA functions.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Potential for cost escalation with Time and Materials contract type.
- Lack of specific performance metrics in provided data.
Positive Signals
- Full and open competition ensures market-driven pricing.
- Long contract duration provides stability for essential services.
Sector Analysis
This contract falls under Administrative Management and General Management Consulting Services (NAICS 541611). Spending in this sector is common across government agencies for specialized expertise and project management.
Small Business Impact
The data indicates the awardee is Industrial Economics Inc. and does not specify if small businesses were involved as subcontractors or if the prime contractor is a small business. Further investigation would be needed to assess small business participation.
Oversight & Accountability
The contract is managed by the Environmental Protection Agency (EPA), with Marcus Sarofim as the Contracting Officer's Representative (COR). Oversight will be crucial to manage the Time and Materials aspect effectively.
Related Government Programs
- Administrative Management and General Management Consulting Services
- Environmental Protection Agency Contracting
- Environmental Protection Agency Programs
Risk Flags
- Time and Materials contract type risk.
- Potential for scope creep.
- Lack of explicit performance metrics.
- Dependence on contractor expertise.
Tags
administrative-management-and-general-ma, environmental-protection-agency, dc, delivery-order, 100k-plus
Frequently Asked Questions
What is this federal contract paying for?
Environmental Protection Agency awarded $348,997.4 to INDUSTRIAL ECONOMICS INC. TECHNICAL SUPPORT FOR IMPACTS MODELING AND APPLICATIONS COR: MARCUS SAROFIM ALT-COR: CORRINE HARTIN
Who is the contractor on this award?
The obligated recipient is INDUSTRIAL ECONOMICS INC.
Which agency awarded this contract?
Awarding agency: Environmental Protection Agency (Environmental Protection Agency).
What is the total obligated amount?
The obligated amount is $348,997.4.
What is the period of performance?
Start: 2024-07-25. End: 2029-09-01.
What specific technical support tasks will Industrial Economics Inc. provide to the EPA's Impacts Modeling and Applications division?
The provided data does not detail the specific technical support tasks. However, given the NAICS code (541611) and the division name, it likely involves analytical support, data modeling, software application maintenance, and consulting services related to environmental impact assessments and regulatory compliance.
What are the key performance indicators (KPIs) for this contract to ensure effective service delivery and value for money?
Key performance indicators are not explicitly stated in the provided data. Effective oversight by the COR and EPA contracting officials will be essential to monitor performance, ensure deliverables meet requirements, and manage the Time and Materials contract to prevent cost overruns and ensure value.
How does the $3.49 million award compare to typical spending for similar technical support contracts within the EPA or similar agencies?
Without specific benchmarks for 'Impacts Modeling and Applications' technical support, a direct comparison is difficult. However, $3.49 million over approximately five years (1864 days) suggests a moderate-sized contract for specialized consulting services, which is not unusual for federal agencies requiring expert analytical and technical support.
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) › PROFESSIONAL SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Offers Received: 1
Pricing Type: TIME AND MATERIALS (Y)
Evaluated Preference: NONE
Contractor Details
Address: 2067 MASSACHUSETTS AVE, CAMBRIDGE, MA, 02140
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $3,557,104
Exercised Options: $682,011
Current Obligation: $348,997
Actual Outlays: $348,997
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: 47QRAA20D0044
IDV Type: FSS
Timeline
Start Date: 2024-07-25
Current End Date: 2029-09-01
Potential End Date: 2029-09-01 00:00:00
Last Modified: 2026-04-07
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