USAID awards $25M contract to Palladium International LLC for agriculture finance mobilization
Contract Overview
Contract Amount: $24,998,292 ($25.0M)
Contractor: Palladium International LLC
Awarding Agency: Agency for International Development
Start Date: 2020-10-27
End Date: 2025-03-18
Contract Duration: 1,603 days
Daily Burn Rate: $15.6K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 1
Pricing Type: COST PLUS FIXED FEE
Sector: Other
Official Description: MOBILIZING FINANCE IN AGRICULTURE ACTIVITY
Plain-Language Summary
Agency for International Development obligated $25.0 million to PALLADIUM INTERNATIONAL LLC for work described as: MOBILIZING FINANCE IN AGRICULTURE ACTIVITY Key points: 1. Contract value: $24,998,292.20 2. Contractor: Palladium International LLC 3. Agency: Agency for International Development (USAID) 4. Service Type: All Other Professional, Scientific, and Technical Services 5. Contract Type: Definitive Contract
Value Assessment
Rating: fair
The contract value of $25 million for 'All Other Professional, Scientific, and Technical Services' is substantial. Without specific benchmarks for similar agriculture finance mobilization activities, it's difficult to definitively assess pricing. Further analysis of the cost-plus-fixed-fee structure is needed to understand profit margins.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, suggesting a competitive bidding process. This method generally promotes price discovery and can lead to more favorable pricing for the government compared to sole-source awards.
Taxpayer Impact: The competitive award process aims to ensure taxpayer funds are used efficiently for the stated agriculture finance mobilization goals.
Public Impact
Supports international development goals in agriculture. Engages a private sector contractor for service delivery. Long-term contract duration (over 4 years) indicates ongoing program needs. Potential for economic impact in recipient regions through finance mobilization.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Cost-plus-fixed-fee contract type can incentivize cost overruns.
- Lack of specific performance metrics in provided data.
- Broad service category ('All Other Professional, Scientific, and Technical Services') may lack specificity.
Positive Signals
- Awarded under full and open competition.
- Contract aligns with agency mission for international development.
- Long-term commitment suggests strategic importance.
Sector Analysis
The contract falls under professional, scientific, and technical services, a broad category. Spending in this area can vary widely depending on the specific nature of the services. For international development, contracts often focus on expertise in areas like program management, technical assistance, and financial services.
Small Business Impact
The provided data does not indicate whether small businesses were involved as subcontractors or prime contractors. Further investigation would be needed to determine the extent of small business participation in this contract.
Oversight & Accountability
Oversight will be crucial for this long-term, cost-plus-fixed-fee contract. USAID's contracting officers and program managers will need to closely monitor performance, costs, and adherence to the contract's objectives to ensure accountability and effective use of funds.
Related Government Programs
- All Other Professional, Scientific, and Technical Services
- Agency for International Development Contracting
- Agency for International Development Programs
Risk Flags
- Cost-plus-fixed-fee contract type.
- Broad service description.
- Long contract duration.
- Lack of specific performance metrics in summary data.
Tags
all-other-professional-scientific-and-te, agency-for-international-development, definitive-contract, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Agency for International Development awarded $25.0 million to PALLADIUM INTERNATIONAL LLC. MOBILIZING FINANCE IN AGRICULTURE ACTIVITY
Who is the contractor on this award?
The obligated recipient is PALLADIUM INTERNATIONAL LLC.
Which agency awarded this contract?
Awarding agency: Agency for International Development (Agency for International Development).
What is the total obligated amount?
The obligated amount is $25.0 million.
What is the period of performance?
Start: 2020-10-27. End: 2025-03-18.
What specific deliverables and performance metrics are outlined in the full contract to ensure the effective mobilization of finance in agriculture?
The provided summary lacks specific deliverables and performance metrics. A thorough review of the full contract document is necessary to identify the expected outcomes, key performance indicators (KPIs), and reporting requirements. This will allow for a proper assessment of how the contractor's success in mobilizing finance will be measured and evaluated by USAID.
How does the fixed fee component of this Cost Plus Fixed Fee (CPFF) contract compare to industry standards for similar international development services?
Assessing the 'fairness' of the fixed fee in a CPFF contract requires benchmarking against similar services and contract types. Without access to detailed cost breakdowns or comparative data for agriculture finance mobilization contracts, it's challenging to determine if the fee is excessive. Further analysis of Palladium International LLC's proposed fee structure relative to market rates is recommended.
What is the anticipated long-term impact of this $25 million investment on agricultural development and financial inclusion in the target regions?
The long-term impact hinges on the successful execution of the contract's objectives by Palladium International LLC and USAID's program oversight. Effective mobilization of finance should theoretically lead to increased investment in agriculture, improved productivity, and enhanced financial inclusion for farmers and agribusinesses. However, the actual impact will depend on program design, implementation quality, and local context.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Other Professional, Scientific, and Technical Services › All Other Professional, Scientific, and Technical Services
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › PROFESSIONAL SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Solicitation ID: 72064119R00001
Offers Received: 1
Pricing Type: COST PLUS FIXED FEE (U)
Evaluated Preference: NONE
Contractor Details
Address: 1331 PENNSYLVANIA AVE NW STE 600, WASHINGTON, DC, 20004
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Limited Liability Corporation, Not Designated a Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $24,998,309
Exercised Options: $24,998,295
Current Obligation: $24,998,292
Actual Outlays: $21,646,516
Contract Characteristics
Multi-Year Contract: Yes
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: NO
Timeline
Start Date: 2020-10-27
Current End Date: 2025-03-18
Potential End Date: 2025-03-18 00:00:00
Last Modified: 2025-06-09
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