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Department of Education Awarded a Contract to ICATALYST, INC. for $6,012,390.44
Signed on
9/9/2022, 12:00 AM
ICATALYST, INC. Government Contract #91990022F0045
ICATALYST, INC. was awarded a contract with the United States Government for $6,012,390.44. The contract was awarded by the agency office CONTRACTS AND ACQUISTIONS MANAGEMEN, which is a division with the Department of Education within the Department of Education.
Summary of Award
The recipient of the government contract is iCatalyst, Inc., a U.S.-owned business based in McLean, Virginia. The contract, awarded by the Department of Education, is for IT modernization focusing on artificial intelligence, worth $4,116,278.96. Notable transactions include a major payment of $2,538,810.80 for services and a subsequent payment of $1,896,111.48, along with a refund transaction of -$856,889.40.
Contract Details
Agency Details
Recipient Details
Comments
Award Transactions
Department of Education, a sub agency of Department of Education, issued a payment of $1,896,111.48 to ICATALYST, INC.. The payment included a Subsidy Cost of $0.00.
Department of Education, a sub agency of Department of Education, issued a payment of $24,206.08 to ICATALYST, INC.. The payment included a Subsidy Cost of $0.00.
Department of Education, a sub agency of Department of Education, issued a payment of $2,538,810.80 to ICATALYST, INC.. The payment included a Subsidy Cost of $0.00.
Department of Education, a sub agency of Department of Education, issued a payment of $75,000.00 to ICATALYST, INC.. The payment included a Subsidy Cost of $0.00.
Department of Education, a sub agency of Department of Education, issued a payment of $-856,889.40 to ICATALYST, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Department of Education, a sub agency of Department of Education, issued a payment of $439,040.00 to ICATALYST, INC.. The payment included a Subsidy Cost of $0.00.