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Department of Health and Human Services Awarded a Contract to PRECISE SOFTWARE SOLUTIONS, INC. for $99,000,000.00

Signed on

6/27/2024, 12:00 AM

PRECISE SOFTWARE SOLUTIONS, INC. Government Contract #75F40124A00007

PRECISE SOFTWARE SOLUTIONS, INC. was awarded a contract with the United States Government for $99,000,000.00. The contract was awarded by the agency office FDA OFFICE OF ACQ GRANT SVCS, which is a division with the Food and Drug Administration within the Department of Health and Human Services.

Summary of Award

The award document released by USAspending.gov provides a comprehensive overview of a significant federal contract between the U.S. government and Precise Software Solutions, Inc. This contract, identified by the unique award ID CONT_IDV_75F40124A00007_7524, marks a strategic partnership aimed at delivering vital IT lifecycle development and management support services for the Food and Drug Administration (FDA). This curated data deepens our understanding of how government agencies procure essential services, the dynamics of federal contracting, and the characteristics of businesses engaged in providing these services.

**Award Overview**

The contract is classified as a "Blanket Purchase Agreement" (BPA) under the IDV category, reflecting a flexible procurement instrument that allows the FDA to acquire IT services as needed over a designated period. Signed on June 27, 2024, this agreement is set to span five years, concluding around June 12, 2029. The base and all options awarded amount to a massive $99,000,000 budget. However, to date, the total obligation stands at zero, indicating that no transactions have been executed against this award yet. The contract is grounded in full and open competition, illustrating adherence to competitive procurement processes that ensure fairness and optimal value for public investments. **Contracting Agencies** Funded and awarded by the Department of Health and Human Services (HHS), particularly through the FDA Office of Acquisitions and Grant Services, the award underscores the FDA’s demand for advanced IT infrastructure and management capabilities. This is also supported peripherally by the General Services Administration (GSA) through the Federal Acquisition Service, which collectively highlights a coordinated approach to address governmental IT needs. **Contractor Profile: Precise Software Solutions, Inc.** Precise Software Solutions, Inc., headquartered in Rockville, Maryland, is the contract recipient. The company is distinguished in several business categories: it is a participant in the 8(a) Program, an Asian Pacific American Owned Business, Minority Owned Business, and a Subchapter S Corporation, among others. These designations highlight the company's eligibility and competitiveness in obtaining government contracts, particularly via programs set aside to bolster participation from small and minority-owned businesses. **Corporate and Service Structure** A subsidiary under Idera, Inc., Precise Software Solutions epitomizes a robust corporate structure capable of delivering specialized services. Operating within the NAICS code 541511, which pertains to Custom Computer Programming Services, the company is finely tuned to provide bespoke digital solutions tailored to complex business and regulatory environments. Their portfolio emphasizes IT and telecommunications, with an acute focus on IT management support services, as depicted by the product/service code DF01. **Executive Leadership and Financial Landscape** The executive details reveal Zhensen Huang's leadership, who draws an annual compensation of $330,000, underscoring the firm's professional capacity to lead substantial government projects. Despite the absence of precise financial details regarding outlays and subawards, the hierarchical arrangement of services along IT and Telecommunication lines reinforces confidence in the firm's ability to meet rigorous governmental IT needs. **Federal Contracting Dynamics** The contract's award process aligns with "Multiple Award Fair Opportunity" and was settled amidst four competing offers. It employs a "Small Business Set Aside" scheme with no evaluated preference, denoting an inclusive yet competitive bid environment. Although outlined as a non-consolidated contract with domain-specific regulations such as no Clinger-Cohen Act applicability or foreign funding involvement, the contract emphasizes a dynamic procurement framework. **Conclusion** Despite the absence of executed transactions (as reflected by the current total obligations and subawards), this BPA award to Precise Software Solutions, Inc. represents a strategic investment into the FDA's IT framework necessary for its continuous operational excellence and regulatory oversight duties. It amplifies the pivotal role played by minority-owned and small businesses in federal markets, underscoring federal commitments to innovation, diversity, and economic empowerment through access to critical IT infrastructure resources. Moving forward, the unfolding of specific transactions associated with this award will offer deeper insight into the allocation of funds, execution of tasks, and real-time impact on FDA’s capability to secure responsive and resilient IT services tailored to its mission-centric needs.

Contract Details

Contract ID75F40124A00007
Contract TypeIDV_E
Total Obligation$0.00
Exercised Options
Base Amount + Options$99,000,000.00
Date Signed2024-06-27
Contract DescriptionFDA / CFSAN INFORMATION TECHNOLOGY (IT) LIFECYCLE DEVELOPMENT AND MANAGEMENT SUPPORT SERVICES
Start Date2024-06-27
End Date2029-06-12

Agency Details

Awarding AgencyDepartment of Health and Human Services
Awarding Sub AgencyFood and Drug Administration
Awarding OfficeFDA OFFICE OF ACQ GRANT SVCS
Funding AgencyDepartment of Health and Human Services
Funding Sub AgencyFood and Drug Administration
Funding OfficeFDA OFFICE OF ACQ GRANT SVCS

Recipient Details

RecipientPRECISE SOFTWARE SOLUTIONS, INC.
Recipient Location1445 RESEARCH BLVD STE 500 ROCKVILLE MARYLAND, UNITED STATES
Business Categories8(a) Program Participant, Asian Pacific American Owned Business, Category Business, Corporate Entity Not Tax Exempt, Minority Owned Business, Small Business, Special Designations, Subchapter S Corporation, U.S.-Owned Business

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