Inter-American Foundation Awarded a Contract to INNOVATIO ASSESSORIA LTDA for $456,337.60

Summary of Award

The JSON data provides a detailed overview of a specific contract awarded by the U.S. federal government to a foreign entity, INNOVATIO ASSESSORIA LTDA, a firm based in Rio de Janeiro, Brazil. This contract, identified by the unique award ID "20343123C00005," is a definitive contract categorized under administrative management and general management consulting services, as indicated by its NAICS code of 541611 and the product service code R699.

### Contract Overview

The contract titled "BRAZIL MELS" has a total obligation of $426,337.60, exercised through fully open competition with one offer received. It reflects a definitive bid, indicating a specific contract rather than an indefinite delivery or task order. The financial terms encapsulate both the base and all options to seal a potential value of $456,337.60 over its duration, from February 7, 2023, to February 28, 2025, suggesting a concentrated and well-defined service period. ### Awarding and Funding Agencies While this contract is executed by the Department of the Treasury, specifically through the Bureau of the Fiscal Service, it is funded by the Inter-American Foundation (IAF). The IAF focuses on promoting grassroots development throughout Latin America and the Caribbean, aligning with the strategic interest in facilitating governance and participatory development in Brazil. ### Recipient Details INNOVATIO ASSESSORIA LTDA is categorized as a foreign-owned limited liability corporation that's not designated a small business. Their expertise lies in professional, scientific, and technical services focusing on administrative management and general management consulting. Located on Rua Bulhoes De Carvalho in Rio de Janeiro, they offer strategic resources in administrative support, further characterized by their role in this international federal contract. ### Transaction Dynamics Multiple transactions underwrite the financial and logistical execution of this contract: 1. **Initial Transaction (February 3, 2023):** $110,854 was obligated to kickstart the project, marking the initial step in the active implementation phase. 2. **Subsequent Transactions:** - On January 30, 2024, a significant $155,637.50 transaction was recorded. - On February 3, 2025, a substantial engagement led to an infusion of $175,056 towards the recipient. These prime transactions elucidate the financial disbursement mechanism reflecting periodic funding aligned with project phases or service deliverables. Additionally, there were zero-dollar transactions on different dates, possibly indicative of administrative adjustments or performance revisions without altering funding commitments. 3. **Negative Adjustment (September 10, 2024):** An interesting development is the negative transaction amount of $15,209.90 noted, potentially indicating a financial adjustment or rebate reclaim based on cost re-assessments or audit findings. ### Contractual Mechanisms Within this financial structure, the contract’s type of pricing, "Time and Materials," suggests a framework where INNOVATIO charges the U.S. government based on direct labor hours at specified fixed rates and actual cost of materials required in course of the delivery. The designation also implies flexibility, accommodating adjustments aligned with project scalability. ### Competitive and Regulatory Framework The contract formation adhered to guidelines ensuring comprehensive competition and full transparency. The extent of competition is categorized under full and open competition, matching the solicitation procedures coded as NP (Negotiated Proposal/Quote). The absence of set-aside programs or evaluated preferences suggests an equal playing field open to all qualified bidders, reflecting a stringent adherence to competitive procurement regulations. The contract holds no commercial item clause, thereby indicating this is not associated with special acquisition programs or commercial-off-the-shelf acquisitions. Regulatory elements like the Clinger-Cohen Act planning are not applicable, and this positions the contract outside major IT acquisition frameworks, further aligning it within the consultancy focus, devoid of IT infrastructure concerns. ### Recap and Summary In framing a complex yet strategic public procurement structure, this contract displays engagement with a foreign consultancy operating under U.S. financial aegis to fulfill administrative support within a defined regional backdrop. For both U.S. and foreign stakeholders, this underlines a convergence of mutual governance interest particularly under the operational auspices of IAF, striving to bolster developmental infrastructure through advanced administrative solutions. Thus, the contract between the Department of the Treasury, backed by the Inter-American Foundation, and INNOVATIO ASSESSORIA LTDA shines a light on cross-border consultancy engagement illustrating financial transparency, regulatory adherence, and developmental symbiosis leveraging expertise marked by meticulous contracting and transaction orchestration.