GSA Awards $9.2M IT Services Contract to Grundey2 Investments LLC Under Full and Open Competition

Contract Overview

Contract Amount: $9,240,458 ($9.2M)

Contractor: Grundey2 Investments LLC

Awarding Agency: General Services Administration

Start Date: 2024-04-01

End Date: 2029-03-31

Contract Duration: 1,825 days

Daily Burn Rate: $5.1K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 999

Pricing Type: FIXED PRICE WITH ECONOMIC PRICE ADJUSTMENT

Sector: IT

Official Description: DESCR N.A.

Place of Performance

Location: PATASKALA, LICKING County, OHIO, 43062

State: Ohio Government Spending

Plain-Language Summary

General Services Administration obligated $9.2 million to GRUNDEY2 INVESTMENTS LLC for work described as: DESCR N.A. Key points: 1. Contract value of $9.24M over 5 years. 2. Awarded to Grundey2 Investments LLC for 'Other Computer Related Services'. 3. Utilizes full and open competition, suggesting a competitive bidding process. 4. Fixed Price with Economic Price Adjustment (EPA) contract type. 5. Potential for price fluctuations due to EPA.

Value Assessment

Rating: fair

The contract value of $9.24M over five years for 'Other Computer Related Services' appears moderate. Benchmarking against similar IT service contracts would be necessary to definitively assess value, especially considering the fixed-price with EPA structure.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, indicating multiple bidders likely participated. This method generally promotes price discovery and competitive pricing, though the specific impact of the EPA clause on the final price is a consideration.

Taxpayer Impact: Taxpayer funds are being used for IT services. The competitive nature of the award is a positive sign for cost-effectiveness, but the EPA introduces potential for increased costs over the contract term.

Public Impact

Ensures continued access to essential IT services for the General Services Administration. Supports a private sector company, Grundey2 Investments LLC, through federal contract awards. The use of full and open competition benefits taxpayers by fostering a competitive market. The fixed-price with EPA structure aims to balance cost certainty with market volatility.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Economic Price Adjustment (EPA) may lead to increased costs.
Specific IT services are not detailed, making direct value assessment difficult.
Small business participation is not indicated.

Positive Signals

Awarded through full and open competition.
Long-term contract (5 years) provides stability.
Contract value is substantial, indicating significant service requirements.

Sector Analysis

The IT services sector is highly dynamic. This contract falls under 'Other Computer Related Services' (NAICS 541519), a broad category. Spending benchmarks for this specific sub-sector would require further data, but IT services represent a significant portion of federal spending.

Small Business Impact

The data indicates that this contract was not awarded to a small business (ss: false, sb: false). There is no explicit mention of small business subcontracting goals or participation in the provided data.

Oversight & Accountability

The General Services Administration (GSA) is responsible for overseeing this contract through its Federal Acquisition Service. Standard procurement regulations and oversight mechanisms would apply to ensure accountability and performance.

Related Government Programs

Other Computer Related Services
General Services Administration Contracting
Federal Acquisition Service Programs

Risk Flags

Lack of specific service details.
Potential for cost increases due to EPA.
No indication of small business participation.
Contract duration is long (5 years).

Frequently Asked Questions

What is this federal contract paying for?

General Services Administration awarded $9.2 million to GRUNDEY2 INVESTMENTS LLC. DESCR N.A.

Who is the contractor on this award?

The obligated recipient is GRUNDEY2 INVESTMENTS LLC.

Which agency awarded this contract?

Awarding agency: General Services Administration (Federal Acquisition Service).

What is the total obligated amount?

The obligated amount is $9.2 million.

What is the period of performance?

Start: 2024-04-01. End: 2029-03-31.

What specific 'Other Computer Related Services' are included in this contract, and how do they align with GSA's mission needs?

The provided data lacks specifics on the exact 'Other Computer Related Services' covered. Understanding the scope is crucial for assessing if the $9.24M contract effectively meets GSA's operational requirements and strategic objectives. Further details would clarify the necessity and value proposition of these services.

How will the Economic Price Adjustment (EPA) clause be managed to mitigate potential cost overruns for taxpayers?

The EPA clause allows for price adjustments based on economic factors, potentially increasing the contract's final cost. GSA's oversight will be critical in monitoring the triggers and limits of these adjustments, ensuring they are justified by market conditions and do not unduly burden taxpayers beyond the agreed-upon parameters.

What is the performance history of Grundey2 Investments LLC on similar federal contracts?

Assessing Grundey2 Investments LLC's past performance is key to evaluating the effectiveness and reliability of this award. A review of their track record on previous government contracts, particularly those involving similar IT services and contract types, would provide insights into their capability to deliver successfully.

Industry Classification

NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Other Computer Related Services

Product/Service Code: IT AND TELECOM - INFORMATION TECHNOLOGY AND TELECOMMUNICATIONS › IT AND TELECOM - APLLICATIONS

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Solicitation ID: 47QSMD20R0001

Offers Received: 999

Pricing Type: FIXED PRICE WITH ECONOMIC PRICE ADJUSTMENT (K)

Evaluated Preference: NONE

Contractor Details

Address: 6669 WATKINS RD SW, PATASKALA, OH, 43062

Business Categories: Category Business, Limited Liability Corporation, Partnership or Limited Liability Partnership, Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $26,011,557

Exercised Options: $9,240,458

Current Obligation: $9,240,458

Actual Outlays: $1,137,073

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: 47QTCA23D0077

IDV Type: FSS

Timeline