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Export-Import Bank of the United States Awarded a Contract to ECONOMIC SYSTEMS INC for $175,745.00

Signed on

3/25/2022, 12:00 AM

ECONOMIC SYSTEMS INC Government Contract #83310122F0018

ECONOMIC SYSTEMS INC was awarded a contract with the United States Government for $175,745.00. The contract was awarded by the agency office EXPORT IMPORT BANK OF US, which is a division with the Export-Import Bank of the United States within the Export-Import Bank of the United States.

Summary of Award

The recipient of the federal contract is Economic Systems Inc, a U.S.-owned small business located in Falls Church, Virginia. The contract is for a retirement and benefits calculator cloud software service funded by the Export-Import Bank of the United States with a total value of $175,745. Notable transactions include multiple payments to the recipient, with the latest transaction amounting to $21,589.14.

Contract Details

Contract ID83310122F0018
Contract TypeC
Total Obligation$154,156.00
Exercised Options$154,156.00
Base Amount + Options$175,745.00
Date Signed2022-03-25
Contract DescriptionRETIREMENT AND BENEFITS CALCULATOR - CLOUD SOFTWARE AS A SERVICE (SAAS)
Start Date2022-04-04
End Date2027-04-03

Agency Details

Awarding AgencyExport-Import Bank of the United States
Awarding Sub AgencyExport-Import Bank of the United States
Awarding OfficeEXPORT IMPORT BANK OF US
Funding AgencyExport-Import Bank of the United States
Funding Sub AgencyExport-Import Bank of the United States
Funding OfficeEXPORT IMPORT BANK OF THE US

Recipient Details

RecipientECONOMIC SYSTEMS INC
Recipient Location3120 FAIRVIEW PARK DR STE 500 FALLS CHURCH VIRGINIA, UNITED STATES
Business CategoriesCategory Business, Corporate Entity Not Tax Exempt, Small Business, Special Designations, U.S.-Owned Business

Comments

Award Transactions

Transaction #P00004$21,589.00August 28, 2025

Export-Import Bank of the United States, a sub agency of Export-Import Bank of the United States, issued a payment of $21,589.00 to ECONOMIC SYSTEMS INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00003$21,589.00August 8, 2024

Export-Import Bank of the United States, a sub agency of Export-Import Bank of the United States, issued a payment of $21,589.00 to ECONOMIC SYSTEMS INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00002$21,589.14August 11, 2023

Export-Import Bank of the United States, a sub agency of Export-Import Bank of the United States, issued a payment of $21,589.14 to ECONOMIC SYSTEMS INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00001$0.00February 27, 2023

Export-Import Bank of the United States, a sub agency of Export-Import Bank of the United States, issued a payment of $0.00 to ECONOMIC SYSTEMS INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0$89,388.86March 25, 2022

Export-Import Bank of the United States, a sub agency of Export-Import Bank of the United States, issued a payment of $89,388.86 to ECONOMIC SYSTEMS INC. The payment included a Subsidy Cost of $0.00.