HUD Awards $12.4M Contract for Management Consulting Services to Summit Consulting LLC
Contract Overview
Contract Amount: $12,402,701 ($12.4M)
Contractor: Summit Consulting LLC
Awarding Agency: Department of Housing and Urban Development
Start Date: 2024-03-18
End Date: 2027-03-17
Contract Duration: 1,094 days
Daily Burn Rate: $11.3K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 3
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: RISK MANAGEMENT AND CAPITAL ASSESSMENT PROJECTIONS (RMCAP)
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20001
Plain-Language Summary
Department of Housing and Urban Development obligated $12.4 million to SUMMIT CONSULTING LLC for work described as: RISK MANAGEMENT AND CAPITAL ASSESSMENT PROJECTIONS (RMCAP) Key points: 1. Contract Value: $12.4 million over approximately 3 years. 2. Competition: Awarded under full and open competition. 3. Risk: Firm fixed price contract mitigates some cost overrun risk. 4. Sector: Administrative Management and General Management Consulting Services.
Value Assessment
Rating: good
The contract is firm fixed price, which is generally favorable for the government. Benchmarking against similar administrative management consulting contracts is difficult without more specific service details, but the value appears reasonable for a 3-year engagement.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded through full and open competition, indicating a robust price discovery process. This method typically leads to more competitive pricing as multiple vendors can bid.
Taxpayer Impact: Full and open competition is expected to yield fair market prices, maximizing taxpayer value for the consulting services procured.
Public Impact
Supports critical administrative functions within the Department of Housing and Urban Development. Ensures efficient management and operational effectiveness for HUD programs. Potential for improved service delivery through expert consulting.
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 engagement allows for sustained support.
Sector Analysis
This contract falls within the administrative management and general management consulting services sector. Spending in this sector can vary widely based on agency needs, but typically supports core government operations and program management.
Small Business Impact
The data indicates this contract was awarded under full and open competition and does not specify any small business set-aside. Therefore, small businesses were eligible to compete, but there's no explicit indication of their participation or award.
Oversight & Accountability
The contract is managed by the Department of Housing and Urban Development. Oversight would involve monitoring contractor performance against contract requirements and ensuring adherence to the firm fixed price terms.
Related Government Programs
- Administrative Management and General Management Consulting Services
- Department of Housing and Urban Development Contracting
- Department of Housing and Urban Development Programs
Risk Flags
- Potential for scope creep impacting budget.
- Reliance on contractor's self-reporting for some metrics.
- Need for robust COR oversight.
- Limited visibility into specific performance metrics.
Tags
administrative-management-and-general-ma, department-of-housing-and-urban-developm, dc, definitive-contract, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Housing and Urban Development awarded $12.4 million to SUMMIT CONSULTING LLC. RISK MANAGEMENT AND CAPITAL ASSESSMENT PROJECTIONS (RMCAP)
Who is the contractor on this award?
The obligated recipient is SUMMIT CONSULTING LLC.
Which agency awarded this contract?
Awarding agency: Department of Housing and Urban Development (Department of Housing and Urban Development).
What is the total obligated amount?
The obligated amount is $12.4 million.
What is the period of performance?
Start: 2024-03-18. End: 2027-03-17.
What specific deliverables are expected under this contract, and how will their quality be assessed to ensure value for money?
The provided data lacks specific deliverable details. Effective oversight would require clearly defined deliverables tied to performance metrics within the contract's statement of work. Quality assessment would involve regular reviews by the contracting officer's representative (COR) against these predefined standards, ensuring the consulting services directly contribute to HUD's objectives and justify the $12.4 million expenditure.
Given the firm fixed price, what mechanisms are in place to manage potential scope creep and prevent cost overruns beyond the initial award amount?
While a firm fixed price contract limits cost overruns, scope creep remains a risk. HUD's contracting officer and COR must diligently manage the statement of work, ensuring any requested changes follow formal modification procedures. Clear communication and strict adherence to the original scope are crucial to prevent additional costs and maintain the integrity of the $12.4 million award.
How will the effectiveness of Summit Consulting LLC's services be measured to ensure they are achieving the intended improvements in HUD's operations?
Effectiveness will be measured by tracking key performance indicators (KPIs) outlined in the contract's statement of work. These KPIs should align with HUD's strategic goals related to administrative management. Regular performance reviews, feedback from stakeholders impacted by the consulting services, and the achievement of specific, measurable, attainable, relevant, and time-bound (SMART) objectives will determine the overall effectiveness.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Management, Scientific, and Technical Consulting Services › Administrative Management and General Management Consulting Services
Product/Service Code: SPECIAL STUDIES/ANALYSIS, NOT R&D › SPECIAL STUDIES - NOT R and D
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Solicitation ID: 86615724R00005
Offers Received: 3
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 777 6TH ST NW STE 520, WASHINGTON, DC, 20001
Business Categories: Asian Pacific American Owned Business, Category Business, Corporate Entity Not Tax Exempt, Limited Liability Corporation, Minority Owned Business, Not Designated a Small Business, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $21,630,425
Exercised Options: $12,402,701
Current Obligation: $12,402,701
Actual Outlays: $7,575,475
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Cost or Pricing Data: NO
Timeline
Start Date: 2024-03-18
Current End Date: 2027-03-17
Potential End Date: 2029-03-17 00:00:00
Last Modified: 2026-03-16
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