0
General Services Administration Awarded a Contract to JBS FINANCIAL SERVICES, INC. for $1,500,000.00
Signed on
4/11/2024, 12:00 AM
JBS FINANCIAL SERVICES, INC. Government Contract #47QTCA24D007T
JBS FINANCIAL SERVICES, INC. was awarded a contract with the United States Government for $1,500,000.00. The contract was awarded by the agency office GSA/FAS CENTER FOR IT SCHEDULE PROG, which is a division with the Federal Acquisition Service within the General Services Administration.
Summary of Award
The data from usaspending.gov provides a comprehensive overview of a federal contract awarded to JBS Financial Services, Inc. The contract, identified by the unique award ID "47QTCA24D007T," falls under the category of Federal Supply Schedule (FSS), a type of Indefinite Delivery Vehicle (IDV) used by government agencies to acquire a wide range of commercial products and services. The overarching framework of this agreement is set by the General Services Administration (GSA), specifically through its Federal Acquisition Service (FAS).
***Contract Overview***
The award, dated April 11, 2024, comprises a total potential value of $1,500,000 when considering all options. This contract's performance period extends from April 11, 2024, to April 10, 2029, providing a five-year window for the delivery of services. A salient feature of this contract is its nature as a Multiple Award Schedule, further encouraging competition among a wide array of vendors.
The contract's specific focus, delineated by its Product Service Code (PSC) "DA01," highlights its essence in IT and Telecom services, specifically in Business Application and Application Development Support Services. The NAICS code "541519" categorizes the work under "Other Computer Related Services," indicating a specialized focus within the broader Information Technology sector.
***In-Depth on Transactions***
The transactions related to this contract illustrate various modifications made post-award issuance:
1. **Initial Modifications:**
- The original award was issued on April 11, 2024, as denoted by the modification "0," which further confirms the contract’s baseline configuration as FSS with no immediate financial outlay.
2. **Subsequent Adjustments:**
- Several modifications, spanning from PSA882 to PA0004, were processed over the subsequent months. Despite these modifications, the transaction amounts recorded in these activities remain zero. This absence of financial quantification can stem from multiple rationales, such as administrative updates or adjustments that don't directly impact the financial obligations at that stage of contract execution.
***Recipient Insights***
JBS Financial Services, Inc., based in Herndon, Virginia, emerges as a diverse, minority-owned, and veteran-owned small business. Its experience is validated by participation in the 8(a) Program, indicating that the enterprise benefits from certain federal assistance aimed at enhancing business growth and competition capabilities within specified disadvantaged demographics. The company operates as a Subchapter S Corporation, structured to pass income directly to shareholders, thus avoiding double taxation.
Given the industry classification codes, JBS Financial Services, Inc. is likely proficient in delivering comprehensive IT solutions, with capabilities extending to application development and general consulting in computer-related services. Such competencies are pivotal for supporting federal IT infrastructure and modernizing government digital operations.
***Agency and Contracting Details***
Awarding and funding responsibilities fall under the purview of the GSA's FAS, reflecting the agency’s sustained commitment to providing streamlined procurement strategies for federal needs. The FAS leverages its leadership within the IT Schedule Program to implement cost-effective, competitive strategies through contracts like this. The emphasis on full and open competition showcases GSA's strategy of maximizing economic price adjustments to maintain fiscal responsibility and innovation within federal IT contracting.
The solicitation process labeled as “Negotiated Proposal/Quote” illustrates a collaborative approach in establishing the contractual framework, an essential strategy in procuring complex IT services where specifications evolve over time. As such, the absence of set-aside arrangements reinforces the open nature of this contract, allowing businesses of all sizes and types to compete on equal ground.
***Conclusion***
This contract serves as a quintessential example of federal efforts to engage diverse, small businesses in significant IT-related projects. JBS Financial Services, Inc.'s engagement signifies the intersection of government needs with specialized business capabilities, supporting national aspirations for innovative technological solutions.
By capturing the full scope of involved transactions and emphasizing the strategic procurement processes that underscore this award's lifecycle, the contract transcends mere documentation, embodying a dynamic component of federal expenditure with multi-layered impacts on industry and community development.
Contract Details
Agency Details
Recipient Details
Comments
Award Transactions
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
Federal Acquisition Service, a sub agency of General Services Administration, issued a payment of $0.00 to JBS FINANCIAL SERVICES, INC.. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.