DFC awards $2.79M contract for administrative management consulting services to Julia Kresky

Contract Overview

Contract Amount: $279,424 ($279.4K)

Contractor: Julia Kresky

Awarding Agency: U.S. International Development Finance Corporation

Start Date: 2024-06-10

End Date: 2026-07-07

Contract Duration: 757 days

Daily Burn Rate: $369/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 3

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: OE INTERNATIONAL PROJECT FINANCE ASSOCIATE - PSC J. KRESKY

Place of Performance

Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20527

State: District of Columbia Government Spending

Plain-Language Summary

U.S. International Development Finance Corporation obligated $279,424.24 to JULIA KRESKY for work described as: OE INTERNATIONAL PROJECT FINANCE ASSOCIATE - PSC J. KRESKY Key points: 1. Contract awarded for administrative management and general management consulting services. 2. The contract has a duration of 757 days, ending in July 2026. 3. Awarded through full and open competition, indicating a broad search for qualified bidders. 4. The contract type is Firm Fixed Price, which sets a ceiling on costs. 5. The contractor is Julia Kresky, with a specific project name 'OE INTERNATIONAL PROJECT FINANCE ASSOCIATE'. 6. The contract is managed by the U.S. International Development Finance Corporation (DFC). 7. The contract is located in Washington D.C.

Value Assessment

Rating: fair

The contract value of $2.79 million for approximately two years of consulting services appears to be within a reasonable range for specialized administrative and management support. Benchmarking against similar contracts for management consulting services at federal agencies of similar size and scope would provide a more precise value assessment. However, without specific details on the scope of work and deliverables, a definitive value-for-money judgment is challenging. The firm fixed-price nature of the contract helps manage cost certainty for the agency.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

This contract was awarded under full and open competition, suggesting that the DFC sought proposals from all responsible sources. The presence of 3 bids indicates a moderate level of competition for this requirement. While not a large number of bidders, it suggests that multiple firms were interested and capable of performing the services, which generally aids in price discovery and selection of qualified offerors.

Taxpayer Impact: Full and open competition, even with a moderate number of bidders, generally benefits taxpayers by encouraging competitive pricing and ensuring that the government receives services from qualified contractors at a reasonable cost.

Public Impact

The primary beneficiary is the U.S. International Development Finance Corporation, which will receive administrative management and general management consulting services. These services are expected to support the agency's operational efficiency and project finance initiatives. The geographic impact is primarily within Washington D.C., where the contract is managed. The contract may have implications for the workforce by potentially augmenting existing staff or providing specialized expertise.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Limited number of bidders (3) may not represent the full competitive landscape.
Specific deliverables and performance metrics are not detailed, making it hard to assess performance outcomes.
The contractor's track record for similar large-scale federal contracts is not readily available in this summary.

Positive Signals

Awarded through full and open competition, maximizing potential sources.
Firm Fixed Price contract type provides cost certainty.
Contract duration of over two years allows for sustained support.

Sector Analysis

This contract falls within the professional, scientific, and technical services sector, specifically management consulting. The federal government is a significant consumer of these services to support its diverse operations and policy objectives. The market for management consulting is broad, encompassing firms of various sizes offering expertise in areas like strategic planning, operational efficiency, and financial management. The DFC's need for such services aligns with its mission to facilitate private sector investment in developing countries, requiring robust administrative and project finance support.

Small Business Impact

The data indicates that this contract was not set aside for small businesses (ss: false, sb: false). There is no explicit information regarding subcontracting plans for small businesses. Therefore, the direct impact on the small business ecosystem from this specific award is likely minimal, unless the prime contractor voluntarily engages small businesses for subcontracting opportunities.

Oversight & Accountability

Oversight for this contract would typically be managed by the U.S. International Development Finance Corporation's contracting officers and program managers. Accountability measures are inherent in the firm fixed-price contract structure, requiring the contractor to deliver specified services within the agreed-upon price. Transparency is facilitated by the public nature of federal contract awards, though detailed performance reports may not always be publicly accessible. Inspector General jurisdiction would apply if any issues of fraud, waste, or abuse arise.

Related Government Programs

Management and Consulting Services
Administrative Support Services
Project Finance Support
International Development Assistance

Risk Flags

Limited competition (3 bidders)
Lack of detailed scope of work in summary
Unclear performance metrics in summary

Frequently Asked Questions

What is this federal contract paying for?

U.S. International Development Finance Corporation awarded $279,424.24 to JULIA KRESKY. OE INTERNATIONAL PROJECT FINANCE ASSOCIATE - PSC J. KRESKY

Who is the contractor on this award?

The obligated recipient is JULIA KRESKY.

Which agency awarded this contract?

Awarding agency: U.S. International Development Finance Corporation (U.S. International Development Finance Corporation).

What is the total obligated amount?

The obligated amount is $279,424.24.

What is the period of performance?

Start: 2024-06-10. End: 2026-07-07.

What is the specific scope of work for the 'OE INTERNATIONAL PROJECT FINANCE ASSOCIATE' role?

The provided data does not detail the specific scope of work for the 'OE INTERNATIONAL PROJECT FINANCE ASSOCIATE' role. However, based on the contract's classification as 'Administrative Management and General Management Consulting Services' (NAICS 541611) and the awarding agency (U.S. International Development Finance Corporation), it can be inferred that the services likely involve supporting the DFC's mission. This could include tasks related to financial analysis, project evaluation, policy development, operational efficiency improvements, stakeholder engagement, and general administrative support for international finance projects. A more precise understanding would require reviewing the contract's Statement of Work (SOW).

How does the $2.79 million contract value compare to similar consulting contracts awarded by DFC or other development finance institutions?

Comparing the $2.79 million contract value requires access to a broader dataset of similar contracts. However, for a contract spanning approximately two years (757 days) for specialized administrative and management consulting, this amount appears to be within a plausible range for federal procurements. Agencies like DFC often require expert advice for complex international projects. Without specific benchmarks for DFC's typical consulting expenditures or comparable contracts from institutions like the World Bank or regional development banks, a definitive comparison is difficult. The firm fixed-price nature suggests a defined scope, which aids in assessing value relative to deliverables.

What are the key performance indicators (KPIs) or deliverables expected under this contract?

The provided summary data does not specify the key performance indicators (KPIs) or detailed deliverables for this contract. Typically, a firm fixed-price contract for consulting services would include a Statement of Work (SOW) outlining specific tasks, milestones, and expected outcomes. These might include reports, analyses, strategic plans, or operational assessments. Performance would be evaluated against the successful completion of these defined deliverables within the agreed-upon timeline and budget. The absence of this detail in the summary limits a thorough assessment of performance expectations and potential risks.

What is the track record of Julia Kresky in performing similar federal consulting contracts?

Information regarding Julia Kresky's specific track record in performing similar federal consulting contracts is not detailed in the provided summary data. While the contract award indicates that Julia Kresky was deemed qualified through a full and open competition process, further investigation would be needed to assess their past performance. This would typically involve reviewing contract databases for previous awards, performance evaluations (e.g., Contractor Performance Assessment Reporting System - CPARS), and any history of successful or unsuccessful engagements with federal agencies. Without this historical data, it's challenging to gauge their experience level and reliability for this specific DFC contract.

What are the potential risks associated with this contract, and how are they being mitigated?

Potential risks for this contract could include scope creep if the requirements are not clearly defined, contractor underperformance, or delays in project execution. Mitigation strategies are likely embedded within the contract's firm fixed-price structure, which incentivizes the contractor to manage costs and timelines effectively. The DFC's oversight mechanisms, including contract management and performance monitoring, are crucial for identifying and addressing issues proactively. The competitive award process also serves as a risk mitigation tool by selecting a contractor deemed capable of meeting the requirements. However, the lack of specific risk details in the summary prevents a comprehensive analysis.

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: NEGOTIATED PROPOSAL/QUOTE

Offers Received: 3

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 7140 LAS VENTANAS DR, AUSTIN, TX, 78731

Business Categories: Category Business, Not Designated a Small Business, Sole Proprietorship, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $281,468

Exercised Options: $279,424

Current Obligation: $279,424

Actual Outlays: $151,119

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Cost or Pricing Data: NO

Timeline