NIH awards $4.3M contract for Innovator/Entrepreneurs in Residence support services to BHI Management Inc
Contract Overview
Contract Amount: $4,298,280 ($4.3M)
Contractor: BHI Management Inc
Awarding Agency: Department of Health and Human Services
Start Date: 2024-03-01
End Date: 2026-04-14
Contract Duration: 774 days
Daily Burn Rate: $5.6K/day
Competition Type: COMPETED UNDER SAP
Number of Offers Received: 2
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: TITLE: NIH SEED INNOVATOR/ENTREPRENEURS IN RESIDENCE (EIR) SUPPORT SERVICES.
Place of Performance
Location: BETHESDA, MONTGOMERY County, MARYLAND, 20892
State: Maryland Government Spending
Plain-Language Summary
Department of Health and Human Services obligated $4.3 million to BHI MANAGEMENT INC for work described as: TITLE: NIH SEED INNOVATOR/ENTREPRENEURS IN RESIDENCE (EIR) SUPPORT SERVICES. Key points: 1. Contract awarded to BHI Management Inc. for $4.3 million. 2. The contract is for Innovator/Entrepreneurs in Residence (EIR) support services. 3. Services are being procured by the National Institutes of Health (NIH). 4. The contract duration is approximately 774 days. 5. The contract was competed under Simplified Acquisition Procedures (SAP).
Value Assessment
Rating: good
The contract value of $4.3 million appears reasonable for specialized support services. Benchmarking against similar contracts for EIR programs or specialized administrative support would provide a more definitive assessment.
Cost Per Unit: N/A
Competition Analysis
Competition Level: limited
The contract was competed under Simplified Acquisition Procedures (SAP), suggesting it was likely awarded to a small business or through a limited competition. This method can impact price discovery compared to full and open competition.
Taxpayer Impact: Taxpayer funds are being used for specialized support services aimed at fostering innovation within the NIH.
Public Impact
Supports NIH's innovation and entrepreneurship initiatives. Aims to leverage external expertise to accelerate research translation. Potential for improved efficiency in managing innovation programs.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Limited competition under SAP may not yield the best price.
- Lack of detailed performance metrics in provided data.
- Potential for vendor lock-in if services are highly specialized.
Positive Signals
- Supports a critical NIH mission area (innovation).
- Firm Fixed Price contract provides cost certainty.
- Contract duration allows for sustained support.
Sector Analysis
This contract falls within the professional, scientific, and technical services sector, specifically focusing on administrative and support services for research and development initiatives. Benchmarks for similar support services within federal agencies would be relevant.
Small Business Impact
The contract was competed under SAP, which often favors small businesses. However, it is not explicitly stated if BHI Management Inc. is a small business or if small business set-asides were used. Further analysis is needed to confirm small business participation.
Oversight & Accountability
Oversight would typically be managed by the contracting officer's representative (COR) at NIH to ensure performance standards are met and funds are used appropriately. The firm fixed price nature provides some financial accountability.
Related Government Programs
- Office Administrative Services
- Department of Health and Human Services Contracting
- National Institutes of Health Programs
Risk Flags
- Limited competition may lead to suboptimal pricing.
- Lack of detailed performance metrics.
- Potential for scope creep if not managed tightly.
- Reliance on external support for core innovation functions.
Tags
office-administrative-services, department-of-health-and-human-services, md, purchase-order, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Health and Human Services awarded $4.3 million to BHI MANAGEMENT INC. TITLE: NIH SEED INNOVATOR/ENTREPRENEURS IN RESIDENCE (EIR) SUPPORT SERVICES.
Who is the contractor on this award?
The obligated recipient is BHI MANAGEMENT INC.
Which agency awarded this contract?
Awarding agency: Department of Health and Human Services (National Institutes of Health).
What is the total obligated amount?
The obligated amount is $4.3 million.
What is the period of performance?
Start: 2024-03-01. End: 2026-04-14.
What specific expertise does BHI Management Inc. bring to the Innovator/Entrepreneurs in Residence program?
The provided data does not detail BHI Management Inc.'s specific expertise. However, as a provider of Innovator/Entrepreneurs in Residence (EIR) support services, they are expected to offer guidance, mentorship, and operational support to researchers and entrepreneurs within the NIH ecosystem, potentially bridging the gap between scientific discovery and commercialization.
What are the key performance indicators (KPIs) for this contract to ensure successful outcomes?
The provided data does not specify the key performance indicators (KPIs) for this contract. Typically, for EIR support services, KPIs might include the number of successful technology transfers, the amount of follow-on funding secured by supported ventures, or the efficiency of program operations. Effective oversight by the COR is crucial for monitoring these metrics.
How does this contract align with NIH's broader strategic goals for innovation and commercialization?
This contract directly supports NIH's strategic goals by providing specialized support to foster innovation and entrepreneurship. By engaging experienced EIRs, NIH aims to accelerate the translation of biomedical research into tangible products and services, ultimately benefiting public health. The success of this contract contributes to the agency's mission of advancing science and improving health.
Industry Classification
NAICS: Administrative and Support and Waste Management and Remediation Services › Office Administrative Services › Office Administrative Services
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › ADMINISTRATIVE SUPPORT SERVICES
Competition & Pricing
Extent Competed: COMPETED UNDER SAP
Solicitation Procedures: SIMPLIFIED ACQUISITION
Solicitation ID: 75N94024Q00050
Offers Received: 2
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 1 CHURCH ST STE 801, ROCKVILLE, MD, 20850
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $4,318,280
Exercised Options: $4,298,280
Current Obligation: $4,298,280
Actual Outlays: $3,539,275
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Timeline
Start Date: 2024-03-01
Current End Date: 2026-04-14
Potential End Date: 2026-04-14 00:00:00
Last Modified: 2026-02-16
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