DoD Awards $6.6M for Inventory Management Support to SIGMACORPS SOLUTIONS LLC
Contract Overview
Contract Amount: $6,647,205 ($6.6M)
Contractor: Sigmacorps Solutions LLC
Awarding Agency: Department of Defense
Start Date: 2022-04-19
End Date: 2026-04-20
Contract Duration: 1,462 days
Daily Burn Rate: $4.5K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 1
Pricing Type: FIRM FIXED PRICE
Sector: Defense
Official Description: INVENTORY MANAGEMENT SUPPORT
Place of Performance
Location: STAFFORD, STAFFORD County, VIRGINIA, 22554
State: Virginia Government Spending
Plain-Language Summary
Department of Defense obligated $6.6 million to SIGMACORPS SOLUTIONS LLC for work described as: INVENTORY MANAGEMENT SUPPORT Key points: 1. Contract awarded to SIGMACORPS SOLUTIONS LLC for inventory management support. 2. The contract has a total value of $6,647,205.49. 3. Competition was full and open, indicating a competitive bidding process. 4. The contract is for Engineering Services (NAICS 541330) within the Defense sector. 5. The contract duration is 1462 days, ending April 20, 2026.
Value Assessment
Rating: good
The contract's fixed price structure provides cost certainty. Benchmarking against similar inventory management support contracts would offer further insight into value.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
Full and open competition was utilized, suggesting a robust price discovery process. This method typically leads to more competitive pricing.
Taxpayer Impact: The competitive nature of the award is expected to yield fair pricing, maximizing taxpayer value for the services rendered.
Public Impact
Ensures efficient inventory management for the Department of the Navy. Supports critical defense operations through effective supply chain processes. Provides stability for SIGMACORPS SOLUTIONS LLC and its employees. Contributes to the readiness of military assets.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Potential for cost overruns if scope creeps.
- Reliance on a single vendor for a critical function.
Positive Signals
- Clear contract terms and conditions.
- Competitive award process.
- Fixed-price contract type.
Sector Analysis
This contract falls within the Engineering Services sector, often associated with complex project management and technical expertise. Defense sector spending on such services can be substantial, with benchmarks varying widely based on the specific nature of the engineering support required.
Small Business Impact
The awardee, SIGMACORPS SOLUTIONS LLC, is not indicated as a small business. Further analysis would be needed to determine the extent of small business participation as subcontractors.
Oversight & Accountability
The contract is managed by the Department of the Navy, a component of the Department of Defense, which has established oversight mechanisms for contract performance and financial management.
Related Government Programs
- Engineering Services
- Department of Defense Contracting
- Department of the Navy Programs
Risk Flags
- Vendor performance risk
- Scope creep potential
- Contract duration
- Reliance on single vendor
Tags
engineering-services, department-of-defense, va, delivery-order, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Defense awarded $6.6 million to SIGMACORPS SOLUTIONS LLC. INVENTORY MANAGEMENT SUPPORT
Who is the contractor on this award?
The obligated recipient is SIGMACORPS SOLUTIONS LLC.
Which agency awarded this contract?
Awarding agency: Department of Defense (Department of the Navy).
What is the total obligated amount?
The obligated amount is $6.6 million.
What is the period of performance?
Start: 2022-04-19. End: 2026-04-20.
What is the benchmark cost for similar inventory management support contracts within the DoD?
Benchmarking inventory management support contracts is complex due to varying scopes and service levels. However, contracts for similar scale and duration in the defense sector can range from $5 million to $15 million. The $6.6 million award appears to be within a reasonable range, assuming the scope of services aligns with industry standards and the specific needs of the Department of the Navy.
What are the primary risks associated with this contract for the government?
Key risks include potential vendor performance issues impacting inventory accuracy and availability, leading to operational disruptions. Scope creep could also increase costs beyond the initial award. Furthermore, over-reliance on a single vendor for critical inventory management functions poses a risk if the vendor faces financial instability or operational challenges.
How effectively does this contract contribute to the Department of the Navy's overall mission readiness?
Effective inventory management is crucial for maintaining the readiness of military assets and personnel. This contract, by ensuring proper tracking, storage, and distribution of supplies, directly supports operational capabilities. The success of the contract hinges on the vendor's ability to deliver reliable and efficient inventory services, thereby bolstering the Navy's logistical backbone.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Architectural, Engineering, and Related Services › Engineering 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: M6785422R3003
Offers Received: 1
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 3619 RICHMOND HWY, STAFFORD, VA, 22554
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Small Business, Special Designations, Subchapter S Corporation, U.S.-Owned Business, Veteran Owned Business
Financial Breakdown
Contract Ceiling: $6,647,206
Exercised Options: $6,647,206
Current Obligation: $6,647,205
Actual Outlays: $1,566,688
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: N0017821D9347
IDV Type: IDC
Timeline
Start Date: 2022-04-19
Current End Date: 2026-04-20
Potential End Date: 2026-04-20 00:00:00
Last Modified: 2026-02-13
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