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Federal Trade Commission Awarded a Contract to GLOBAL ECONOMICS GROUP, LLC for $6,312,624.00

Signed on

11/15/2022, 12:00 AM

GLOBAL ECONOMICS GROUP, LLC Government Contract #29FTC123C0004

GLOBAL ECONOMICS GROUP, LLC was awarded a contract with the United States Government for $6,312,624.00. The contract was awarded by the agency office OFFICE OF ACQUISITION, which is a division with the Federal Trade Commission within the Federal Trade Commission.

Summary of Award

The recipient of the federal contract is Global Economics Group, LLC, located in Chicago, Illinois. They provide expert services for the contract awarded by the Federal Trade Commission with a total obligation of $3,375,000. Notable transactions include multiple payments to the recipient, with amounts ranging from $0 to $650,000, indicating various stages or milestones of work completed.

Contract Details

Contract ID29FTC123C0004
Contract TypeD
Total Obligation$3,375,000.00
Exercised Options$3,775,000.00
Base Amount + Options$6,312,624.00
Date Signed2022-11-15
Contract DescriptionEXPERT SERVICES
Start Date2022-11-15
End Date2025-11-14

Agency Details

Awarding AgencyFederal Trade Commission
Awarding Sub AgencyFederal Trade Commission
Awarding OfficeOFFICE OF ACQUISITION
Funding AgencyFederal Trade Commission
Funding Sub AgencyFederal Trade Commission
Funding OfficeOFFICE OF ACQUISITION

Recipient Details

RecipientGLOBAL ECONOMICS GROUP, LLC
Recipient Location140 S DEARBORN ST STE 1000 CHICAGO ILLINOIS, UNITED STATES
Business CategoriesCategory Business, Limited Liability Corporation, Not Designated a Small Business, Partnership or Limited Liability Partnership, Special Designations, U.S.-Owned Business

Comments

Award Transactions

Transaction #P00012 | $125,000.00August 4, 2025

Federal Trade Commission, a sub agency of Federal Trade Commission, issued a payment of $125,000.00 to GLOBAL ECONOMICS GROUP, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00011 | $0.00February 10, 2025

Federal Trade Commission, a sub agency of Federal Trade Commission, issued a payment of $0.00 to GLOBAL ECONOMICS GROUP, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00010 | $500,000.00February 6, 2025

Federal Trade Commission, a sub agency of Federal Trade Commission, issued a payment of $500,000.00 to GLOBAL ECONOMICS GROUP, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00009 | $500,000.00November 5, 2024

Federal Trade Commission, a sub agency of Federal Trade Commission, issued a payment of $500,000.00 to GLOBAL ECONOMICS GROUP, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00008 | $0.00October 22, 2024

Federal Trade Commission, a sub agency of Federal Trade Commission, issued a payment of $0.00 to GLOBAL ECONOMICS GROUP, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00007 | $100,000.00August 13, 2024

Federal Trade Commission, a sub agency of Federal Trade Commission, issued a payment of $100,000.00 to GLOBAL ECONOMICS GROUP, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00006 | $650,000.00May 21, 2024

Federal Trade Commission, a sub agency of Federal Trade Commission, issued a payment of $650,000.00 to GLOBAL ECONOMICS GROUP, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00005 | $0.00March 15, 2024

Federal Trade Commission, a sub agency of Federal Trade Commission, issued a payment of $0.00 to GLOBAL ECONOMICS GROUP, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00004 | $600,000.00February 12, 2024

Federal Trade Commission, a sub agency of Federal Trade Commission, issued a payment of $600,000.00 to GLOBAL ECONOMICS GROUP, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00003 | $0.00October 17, 2023

Federal Trade Commission, a sub agency of Federal Trade Commission, issued a payment of $0.00 to GLOBAL ECONOMICS GROUP, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002 | $250,000.00September 22, 2023

Federal Trade Commission, a sub agency of Federal Trade Commission, issued a payment of $250,000.00 to GLOBAL ECONOMICS GROUP, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00001 | $150,000.00June 2, 2023

Federal Trade Commission, a sub agency of Federal Trade Commission, issued a payment of $150,000.00 to GLOBAL ECONOMICS GROUP, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #0 | $500,000.00November 15, 2022

Federal Trade Commission, a sub agency of Federal Trade Commission, issued a payment of $500,000.00 to GLOBAL ECONOMICS GROUP, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00013 | $-221,896.05April 14, 2026

Federal Trade Commission, a sub agency of Federal Trade Commission, issued a payment of $-221,896.05 to GLOBAL ECONOMICS GROUP, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00012 | $125,000.00August 4, 2025

Federal Trade Commission, a sub agency of Federal Trade Commission, issued a payment of $125,000.00 to GLOBAL ECONOMICS GROUP, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00011 | $0.00February 10, 2025

Federal Trade Commission, a sub agency of Federal Trade Commission, issued a payment of $0.00 to GLOBAL ECONOMICS GROUP, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00010 | $500,000.00February 6, 2025

Federal Trade Commission, a sub agency of Federal Trade Commission, issued a payment of $500,000.00 to GLOBAL ECONOMICS GROUP, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00009 | $500,000.00November 5, 2024

Federal Trade Commission, a sub agency of Federal Trade Commission, issued a payment of $500,000.00 to GLOBAL ECONOMICS GROUP, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00008 | $0.00October 22, 2024

Federal Trade Commission, a sub agency of Federal Trade Commission, issued a payment of $0.00 to GLOBAL ECONOMICS GROUP, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00007 | $100,000.00August 13, 2024

Federal Trade Commission, a sub agency of Federal Trade Commission, issued a payment of $100,000.00 to GLOBAL ECONOMICS GROUP, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00006 | $650,000.00May 21, 2024

Federal Trade Commission, a sub agency of Federal Trade Commission, issued a payment of $650,000.00 to GLOBAL ECONOMICS GROUP, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00005 | $0.00March 15, 2024

Federal Trade Commission, a sub agency of Federal Trade Commission, issued a payment of $0.00 to GLOBAL ECONOMICS GROUP, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00004 | $600,000.00February 12, 2024

Federal Trade Commission, a sub agency of Federal Trade Commission, issued a payment of $600,000.00 to GLOBAL ECONOMICS GROUP, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00003 | $0.00October 17, 2023

Federal Trade Commission, a sub agency of Federal Trade Commission, issued a payment of $0.00 to GLOBAL ECONOMICS GROUP, LLC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002 | $250,000.00September 22, 2023

Federal Trade Commission, a sub agency of Federal Trade Commission, issued a payment of $250,000.00 to GLOBAL ECONOMICS GROUP, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #P00001 | $150,000.00June 2, 2023

Federal Trade Commission, a sub agency of Federal Trade Commission, issued a payment of $150,000.00 to GLOBAL ECONOMICS GROUP, LLC. The payment included a Subsidy Cost of $0.00.

Transaction #0 | $500,000.00November 15, 2022

Federal Trade Commission, a sub agency of Federal Trade Commission, issued a payment of $500,000.00 to GLOBAL ECONOMICS GROUP, LLC. The payment included a Subsidy Cost of $0.00.