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Department of Homeland Security Awarded a Contract to STRATEGIC TECHNOLOGY INSTITUTE INC for $5,645,564.41

Signed on

7/3/2023, 12:00 AM

STRATEGIC TECHNOLOGY INSTITUTE INC Government Contract #70FB8023F00000084

STRATEGIC TECHNOLOGY INSTITUTE INC was awarded a contract with the United States Government for $5,645,564.41. The contract was awarded by the agency office COMMUNITY SURVIVOR ASSISTANCE SEC, which is a division with the Federal Emergency Management Agency within the Department of Homeland Security.

Summary of Award

The recipient of the federal contract is Strategic Technology Institute Inc, located in Rockville, Maryland. They provide actuary services to the Hermits Peak Claims Office under a contract funded by the Department of Homeland Security through the Federal Emergency Management Agency. The contract is worth $2,018,752.83. Notable transactions include payments of $1,469,662.05, $1,027,510.56, and -$476,220.79 on different dates for the services provided.

Contract Details

Contract ID70FB8023F00000084
Contract TypeC
Total Obligation$2,018,752.83
Exercised Options$2,018,752.83
Base Amount + Options$5,645,564.41
Date Signed2023-07-03
Contract DescriptionPROVIDE ACTUARY SERVICES TO THE HERMITS PEAK CLAIMS OFFICE
Start Date2023-07-10
End Date2025-07-09

Agency Details

Awarding AgencyDepartment of Homeland Security
Awarding Sub AgencyFederal Emergency Management Agency
Awarding OfficeCOMMUNITY SURVIVOR ASSISTANCE SEC
Funding AgencyDepartment of Homeland Security
Funding Sub AgencyFederal Emergency Management Agency
Funding OfficeORR – OFFICE OF RESPONSE AND RECOVERY

Recipient Details

RecipientSTRATEGIC TECHNOLOGY INSTITUTE INC
Recipient Location6000 EXECUTIVE BLVD SUITE 205 ROCKVILLE MARYLAND, UNITED STATES
Business CategoriesCategory Business, Corporate Entity Not Tax Exempt, Minority Owned Business, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, Indian (Subcontinent) American Owned Business, U.S.-Owned Business

Comments

Award Transactions

Transaction #P00003 | $-476,220.79May 13, 2025

Federal Emergency Management Agency, a sub agency of Department of Homeland Security, issued a payment of $-476,220.79 to STRATEGIC TECHNOLOGY INSTITUTE INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002 | $1,027,510.56July 9, 2024

Federal Emergency Management Agency, a sub agency of Department of Homeland Security, issued a payment of $1,027,510.56 to STRATEGIC TECHNOLOGY INSTITUTE INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00001 | $-2,198.99March 11, 2024

Federal Emergency Management Agency, a sub agency of Department of Homeland Security, issued a payment of $-2,198.99 to STRATEGIC TECHNOLOGY INSTITUTE INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0 | $1,469,662.05July 3, 2023

Federal Emergency Management Agency, a sub agency of Department of Homeland Security, issued a payment of $1,469,662.05 to STRATEGIC TECHNOLOGY INSTITUTE INC. The payment included a Subsidy Cost of $0.00.