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Department of Veterans Affairs Awarded a Contract to ECONOMIC SYSTEMS INC for $5,503,831.41

Signed on

5/1/2024, 12:00 AM

ECONOMIC SYSTEMS INC Government Contract #36C10D24F0039

ECONOMIC SYSTEMS INC was awarded a contract with the United States Government for $5,503,831.41. The contract was awarded by the agency office VETERANS BENEFITS ADMIN (36C10D), which is a division with the Department of Veterans Affairs within the Department of Veterans Affairs.

Summary of Award

The recipient of the federal contract is Economic Systems Inc, a U.S.-Owned Business located in Virginia. The contract, funded by the Department of Veterans Affairs, is for conducting a study related to the Transition Assistance Program (TAP), worth $1,664,028.44. Notable transactions include payments of $704,699.92, $61,998.52, and $897,330 made on different dates.

Contract Details

Contract ID36C10D24F0039
Contract TypeC
Total Obligation$1,664,028.44
Exercised Options$1,664,028.44
Base Amount + Options$5,503,831.41
Date Signed2024-05-01
Contract DescriptionPROVIDE SERVICES TO ASSIST IN CONDUCTING THE MULTI-YEAR STUDY ON THE EFFECTIVENESS OF THE TRANSITION ASSISTANCE PROGRAM (TAP) AND THE REMAINING REQUIREMENTS OF PUBLIC LAW 116-315 SECTION 4306, LONGITUDINAL STUDY ON CHANGES TO TAP.
Start Date2024-05-01
End Date2029-04-30

Agency Details

Awarding AgencyDepartment of Veterans Affairs
Awarding Sub AgencyDepartment of Veterans Affairs
Awarding OfficeVETERANS BENEFITS ADMIN (36C10D)
Funding AgencyDepartment of Veterans Affairs
Funding Sub AgencyDepartment of Veterans Affairs
Funding OfficeVBA OUTREACH TRANSITION & ECONOMIC DEVELOPMENT

Recipient Details

RecipientECONOMIC SYSTEMS INC
Recipient Location3120 FAIRVIEW PARK DR STE 500 FALLS CHURCH VIRGINIA, UNITED STATES
Business CategoriesCategory Business, Small Business, Special Designations, U.S.-Owned Business

Comments

Award Transactions

Transaction #P00002 | $704,699.92April 29, 2025

Department of Veterans Affairs, a sub agency of Department of Veterans Affairs, issued a payment of $704,699.92 to ECONOMIC SYSTEMS INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00001 | $61,998.52May 9, 2024

Department of Veterans Affairs, a sub agency of Department of Veterans Affairs, issued a payment of $61,998.52 to ECONOMIC SYSTEMS INC. The payment included a Subsidy Cost of $0.00.

Transaction #0 | $897,330.00May 1, 2024

Department of Veterans Affairs, a sub agency of Department of Veterans Affairs, issued a payment of $897,330.00 to ECONOMIC SYSTEMS INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00003 | $-5,899.92June 16, 2025

Department of Veterans Affairs, a sub agency of Department of Veterans Affairs, issued a payment of $-5,899.92 to ECONOMIC SYSTEMS INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002 | $704,699.92April 29, 2025

Department of Veterans Affairs, a sub agency of Department of Veterans Affairs, issued a payment of $704,699.92 to ECONOMIC SYSTEMS INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00001 | $61,998.52May 9, 2024

Department of Veterans Affairs, a sub agency of Department of Veterans Affairs, issued a payment of $61,998.52 to ECONOMIC SYSTEMS INC. The payment included a Subsidy Cost of $0.00.

Transaction #0 | $897,330.00May 1, 2024

Department of Veterans Affairs, a sub agency of Department of Veterans Affairs, issued a payment of $897,330.00 to ECONOMIC SYSTEMS INC. The payment included a Subsidy Cost of $0.00.