GSA Awards $22M Consulting Contract to Golden Key Group for Administrative Management Services
Contract Overview
Contract Amount: $22,062,931 ($22.1M)
Contractor: Golden KEY Group, LLC
Awarding Agency: General Services Administration
Start Date: 2016-09-08
End Date: 2020-01-31
Contract Duration: 1,240 days
Daily Burn Rate: $17.8K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 9
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: FASST FOUNDATION SUPPORT IGF::CT::IGF FOR OTHER FUNCTIONS
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20001
Plain-Language Summary
General Services Administration obligated $22.1 million to GOLDEN KEY GROUP, LLC for work described as: FASST FOUNDATION SUPPORT IGF::CT::IGF FOR OTHER FUNCTIONS Key points: 1. Contract value of $22.06 million over its period of performance. 2. Golden Key Group, LLC secured the contract. 3. Competition was full and open, suggesting a competitive bidding process. 4. The contract falls under Administrative Management and General Management Consulting Services (NAICS 541611).
Value Assessment
Rating: fair
The contract value of $22.06 million is substantial for consulting services. Benchmarking against similar contracts for administrative management consulting would be necessary to fully assess pricing fairness.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, which typically leads to better price discovery and potentially more competitive pricing for the government.
Taxpayer Impact: Taxpayers benefit from a competitive bidding process that aims to secure services at the best possible value.
Public Impact
Government agencies rely on consulting services for operational efficiency and strategic planning. The duration of the contract (over 3 years) indicates a significant need for these services. The specific services provided under this contract could impact various administrative functions within the GSA or other agencies.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of specific performance metrics or outcomes in the provided data.
- Potential for scope creep in consulting contracts if not managed tightly.
Positive Signals
- Awarded under full and open competition.
- Firm Fixed Price contract type can provide cost certainty.
Sector Analysis
This contract falls within the professional services sector, specifically management consulting. Spending in this area can vary significantly based on agency needs and economic conditions.
Small Business Impact
The data indicates that the awardee is Golden Key Group, LLC. It is not specified if this is a small business, and the contract was awarded under full and open competition, which does not inherently favor small businesses.
Oversight & Accountability
The General Services Administration (GSA) is responsible for overseeing this contract. Standard procurement regulations and oversight mechanisms would apply to ensure accountability.
Related Government Programs
- Administrative Management and General Management Consulting Services
- General Services Administration Contracting
- Federal Acquisition Service Programs
Risk Flags
- Lack of detailed service description.
- No indication of performance metrics or success evaluation.
- Potential for cost overruns if scope is not well-defined.
- Limited insight into the specific impact on agency operations.
Tags
administrative-management-and-general-ma, general-services-administration, dc, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
General Services Administration awarded $22.1 million to GOLDEN KEY GROUP, LLC. FASST FOUNDATION SUPPORT IGF::CT::IGF FOR OTHER FUNCTIONS
Who is the contractor on this award?
The obligated recipient is GOLDEN KEY GROUP, LLC.
Which agency awarded this contract?
Awarding agency: General Services Administration (Federal Acquisition Service).
What is the total obligated amount?
The obligated amount is $22.1 million.
What is the period of performance?
Start: 2016-09-08. End: 2020-01-31.
What specific administrative management and general management consulting services were provided under this contract, and how did they contribute to the agency's mission?
The provided data does not detail the specific services rendered. However, such contracts typically involve areas like organizational efficiency, process improvement, strategic planning, and program management support. The contribution to the agency's mission would depend on the precise tasks performed, aiming to enhance operational effectiveness and achieve strategic objectives.
Were there any performance issues or challenges encountered during the contract's execution, given its nearly four-year duration?
The provided data does not contain information on performance issues or challenges. A thorough review of contract performance reports, past performance evaluations, and any contract modifications or disputes would be necessary to assess any difficulties encountered during its execution.
How does the $22.06 million contract value compare to industry benchmarks for similar consulting services over a similar period?
Without specific details on the scope of work and deliverables, a precise benchmark comparison is difficult. However, $22.06 million over approximately 3.5 years for comprehensive administrative management consulting suggests a significant engagement. Industry benchmarks would need to consider factors like the number of consultants, their seniority, and the complexity of the tasks to provide a meaningful comparison.
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
Solicitation ID: ID16160006
Offers Received: 9
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 1850 CENTENNIAL PARK DR STE 200, RESTON, VA, 20191
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Limited Liability Corporation, Service Disabled Veteran Owned Business, Small Business, Special Designations, Subchapter S Corporation, U.S.-Owned Business, Veteran Owned Business, Woman Owned Business, Women Owned Small Business
Financial Breakdown
Contract Ceiling: $22,062,931
Exercised Options: $22,062,931
Current Obligation: $22,062,931
Contract Characteristics
Commercial Item: COMMERCIAL ITEM
Parent Contract
Parent Award PIID: GS02F0214X
IDV Type: FSS
Timeline
Start Date: 2016-09-08
Current End Date: 2020-01-31
Potential End Date: 2020-01-31 00:00:00
Last Modified: 2024-09-19
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