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Commodity Futures Trading Commission Awarded a Contract to DEV TECHNOLOGY GROUP INC for $17,367,360.80

Signed on

5/19/2022, 12:00 AM

DEV TECHNOLOGY GROUP INC Government Contract #9523ZY22F0042

DEV TECHNOLOGY GROUP INC was awarded a contract with the United States Government for $17,367,360.80. The contract was awarded by the agency office COMMODITY FUTURES TRADING COMM, which is a division with the Commodity Futures Trading Commission within the Commodity Futures Trading Commission.

Summary of Award

The awarded contract between the US federal government and the recipient, DEV TECHNOLOGY GROUP INC, is for the development and maintenance of market and financial systems applications. The total obligation for the contract is $9,141,379.28, with base exercised options amounting to $11,843,112.8 and the total value including all options at $17,367,360.8. The contract was signed on May 19, 2022, and falls under the category of a delivery order.

The contract is part of a multiple award Indefinite Delivery Vehicle (IDV) with the General Services Administration's Federal Acquisition Service. The contract is set aside for small businesses and involves custom computer programming services, specifically IT and telecom business application and development support services.

DEV TECHNOLOGY GROUP INC is a U.S.-owned business based in Reston, Virginia, specializing in IT and telecom services. The company has received a total of 12 transactions related to the contract, with transaction amounts ranging from $0 to $1,935,721.6. The transactions date back to May 19, 2022, with the most recent transaction occurring on March 28, 2025. The Commodity Futures Trading Commission is the funding and awarding agency for the contract, with a period of performance starting on May 23, 2022, and ending on December 22, 2025, with a potential end date of May 22, 2027. The contract falls under the Professional, Scientific, and Technical Services category, specifically in computer systems design and related services. The contract is structured as a labor hours pricing model, with no preference used in the evaluation process. The contract is subject to full and open competition, with no specific national interest actions involved. The contract does not require a subcontracting plan and is not part of a multi-year or consolidated contract. The contract includes five executive officers from DEV TECHNOLOGY GROUP INC, with varying amounts allocated to each officer. The place of performance for the contract is in Washington, D.C., with the primary services being IT and telecom business application and development support services. Overall, the contract between the US federal government and DEV TECHNOLOGY GROUP INC for market and financial systems application development and operations & maintenance is a significant investment in IT services that will support the operations of the Commodity Futures Trading Commission.

Contract Details

Contract ID9523ZY22F0042
Contract TypeC
Total Obligation$9,141,379.28
Exercised Options$11,843,112.80
Base Amount + Options$17,367,360.80
Date Signed2022-05-19
Contract DescriptionMARKET & FINANCIAL SYSTEMS APPLICATION DEVELOPMENT AND OPERATIONS & MAINTENANCE
Start Date2022-05-23
End Date2025-12-22

Agency Details

Awarding AgencyCommodity Futures Trading Commission
Awarding Sub AgencyCommodity Futures Trading Commission
Awarding OfficeCOMMODITY FUTURES TRADING COMM
Funding AgencyCommodity Futures Trading Commission
Funding Sub AgencyCommodity Futures Trading Commission
Funding OfficeCOMMODITY FUTURES TRADING COMM

Recipient Details

RecipientDEV TECHNOLOGY GROUP INC
Recipient Location11440 COMMERCE PARK DRIVE RESTON VIRGINIA, UNITED STATES
Business CategoriesAsian Pacific American Owned Business, Category Business, Corporate Entity Not Tax Exempt, Minority Owned Business, Not Designated a Small Business, Special Designations, Subchapter S Corporation, U.S.-Owned Business, Woman Owned Business

Comments

Award Transactions

Transaction #P00016$313,168.70March 28, 2025

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $313,168.70 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00015$48,472.14March 6, 2025

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $48,472.14 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00014$645,218.34January 30, 2025

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $645,218.34 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00013$313,168.70December 18, 2024

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $313,168.70 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00012$0.00November 18, 2024

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $0.00 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00011$1,845,454.35April 24, 2024

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $1,845,454.35 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00010$615,460.40April 10, 2024

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $615,460.40 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00009$307,730.20March 14, 2024

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $307,730.20 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00008$246,068.12February 23, 2024

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $246,068.12 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00007$671,848.53December 8, 2023

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $671,848.53 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00006$-37,320.67December 6, 2023

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $-37,320.67 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00005$1,125,037.00March 16, 2023

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $1,125,037.00 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00004$1,937,721.60January 11, 2023

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $1,937,721.60 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00003$-276,188.93January 6, 2023

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $-276,188.93 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002$176,467.20December 15, 2022

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $176,467.20 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00001$0.00July 11, 2022

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $0.00 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0$1,209,073.60May 19, 2022

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $1,209,073.60 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00018$313,168.70May 16, 2025

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $313,168.70 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00016$313,168.70March 28, 2025

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $313,168.70 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00015$48,472.14March 6, 2025

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $48,472.14 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00014$645,218.34January 30, 2025

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $645,218.34 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00013$313,168.70December 18, 2024

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $313,168.70 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00012$0.00November 18, 2024

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $0.00 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00011$1,845,454.35April 24, 2024

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $1,845,454.35 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00010$615,460.40April 10, 2024

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $615,460.40 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00009$307,730.20March 14, 2024

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $307,730.20 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00008$246,068.12February 23, 2024

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $246,068.12 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00007$671,848.53December 8, 2023

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $671,848.53 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00006$-37,320.67December 6, 2023

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $-37,320.67 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00005$1,125,037.00March 16, 2023

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $1,125,037.00 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00004$1,937,721.60January 11, 2023

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $1,937,721.60 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00003$-276,188.93January 6, 2023

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $-276,188.93 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002$176,467.20December 15, 2022

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $176,467.20 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00001$0.00July 11, 2022

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $0.00 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0$1,209,073.60May 19, 2022

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $1,209,073.60 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00019$1,621,394.99June 24, 2025

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $1,621,394.99 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00018$313,168.70May 16, 2025

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $313,168.70 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00017$-313,984.98May 9, 2025

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $-313,984.98 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00016$313,168.70March 28, 2025

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $313,168.70 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00015$48,472.14March 6, 2025

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $48,472.14 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00014$645,218.34January 30, 2025

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $645,218.34 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00013$313,168.70December 18, 2024

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $313,168.70 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00012$0.00November 18, 2024

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $0.00 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00011$1,845,454.35April 24, 2024

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $1,845,454.35 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00010$615,460.40April 10, 2024

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $615,460.40 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00009$307,730.20March 14, 2024

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $307,730.20 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00008$246,068.12February 23, 2024

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $246,068.12 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00007$671,848.53December 8, 2023

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $671,848.53 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00006$-37,320.67December 6, 2023

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $-37,320.67 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00005$1,125,037.00March 16, 2023

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $1,125,037.00 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00004$1,937,721.60January 11, 2023

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $1,937,721.60 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00003$-276,188.93January 6, 2023

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $-276,188.93 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002$176,467.20December 15, 2022

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $176,467.20 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00001$0.00July 11, 2022

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $0.00 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0$1,209,073.60May 19, 2022

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $1,209,073.60 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00020$476,061.12December 16, 2025

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $476,061.12 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00019$1,621,394.99June 24, 2025

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $1,621,394.99 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00018$313,168.70May 16, 2025

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $313,168.70 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00017$-313,984.98May 9, 2025

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $-313,984.98 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00016$313,168.70March 28, 2025

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $313,168.70 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00015$48,472.14March 6, 2025

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $48,472.14 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00014$645,218.34January 30, 2025

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $645,218.34 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00013$313,168.70December 18, 2024

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $313,168.70 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00012$0.00November 18, 2024

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $0.00 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00011$1,845,454.35April 24, 2024

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $1,845,454.35 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00010$615,460.40April 10, 2024

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $615,460.40 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00009$307,730.20March 14, 2024

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $307,730.20 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00008$246,068.12February 23, 2024

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $246,068.12 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00007$671,848.53December 8, 2023

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $671,848.53 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00006$-37,320.67December 6, 2023

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $-37,320.67 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00005$1,125,037.00March 16, 2023

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $1,125,037.00 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00004$1,937,721.60January 11, 2023

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $1,937,721.60 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00003$-276,188.93January 6, 2023

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $-276,188.93 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002$176,467.20December 15, 2022

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $176,467.20 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00001$0.00July 11, 2022

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $0.00 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0$1,209,073.60May 19, 2022

Commodity Futures Trading Commission, a sub agency of Commodity Futures Trading Commission, issued a payment of $1,209,073.60 to DEV TECHNOLOGY GROUP INC. The payment included a Subsidy Cost of $0.00.