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Department of Commerce Awarded a Contract to INDUSTRIAL ECONOMICS INC for $398,159.26

Signed on

8/23/2024, 12:00 AM

INDUSTRIAL ECONOMICS INC Government Contract #1305M224F0366

INDUSTRIAL ECONOMICS INC was awarded a contract with the United States Government for $398,159.26. The contract was awarded by the agency office DEPT OF COMMERCE NOAA, which is a division with the National Oceanic and Atmospheric Administration within the Department of Commerce.

Summary of Award

The recipient of the federal contract is Industrial Economics Inc, a U.S.-owned business based in Cambridge, Massachusetts. The contract, funded by the Department of Commerce's National Oceanic and Atmospheric Administration, is for technical support services for injury assessment and restoration planning related to an oil pipeline natural resource damage assessment. The contract is worth a total of $398,159.26. One notable spending transaction from the list is a payment of $28,896.74 made to Industrial Economics Inc on September 12, 2025.

Contract Details

Contract ID1305M224F0366
Contract TypeA
Total Obligation$28,896.74
Exercised Options$398,159.26
Base Amount + Options$398,159.26
Date Signed2024-08-23
Contract DescriptionTECHNICAL SUPPORT SERVICES FOR INJURY ASSESSMENT AND RESTORATION PLANNING FOR THE OIL PIPELINE P00547 NATURAL RESOURCE DAMAGE ASSESSMENT (NRDA) FOR THE NOAA NATIONAL OCEAN SERVICE, OFFICE OF RESPONSE AND RESTORATION (OR&R)
Start Date2020-02-05
End Date2026-09-05

Agency Details

Awarding AgencyDepartment of Commerce
Awarding Sub AgencyNational Oceanic and Atmospheric Administration
Awarding OfficeDEPT OF COMMERCE NOAA
Funding AgencyDepartment of Commerce
Funding Sub AgencyNational Oceanic and Atmospheric Administration
Funding OfficeNATIONAL OCEAN SERVICE

Recipient Details

RecipientINDUSTRIAL ECONOMICS INC
Recipient Location2067 MASSACHUSETTS AVE STE 4 CAMBRIDGE MASSACHUSETTS, UNITED STATES
Business CategoriesCategory Business, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Comments

Award Transactions

Transaction #P25002$0.00September 22, 2025

National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $0.00 to INDUSTRIAL ECONOMICS INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P25001$28,896.74September 12, 2025

National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $28,896.74 to INDUSTRIAL ECONOMICS INC. The payment included a Subsidy Cost of $0.00.

Transaction #0$0.00August 23, 2024

National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $0.00 to INDUSTRIAL ECONOMICS INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.