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Department of the Treasury Awarded a Contract to PRACTICAL SOLUTIONS, INC for $1,887,438.49

Signed on

8/8/2023, 12:00 AM

PRACTICAL SOLUTIONS, INC Government Contract #2031JW23F00109

PRACTICAL SOLUTIONS, INC was awarded a contract with the United States Government for $1,887,438.49. The contract was awarded by the agency office COMPTROLLER OF CURRENCY ACQS, which is a division with the Office of the Comptroller of the Currency within the Department of the Treasury.

Summary of Award

The recipient of the federal contract is Practical Solutions, Inc., a small business based in Washington, D.C. The contract is for "Extract, Transform and Load to the Cloud (ETL to the cloud) services," funded by the Department of the Treasury with a total value of $1,194,619.35. Notable spending patterns include transactions such as $569,804.36, $329,661.43, $-41,101.12, and $336,254.68 on different dates related to the contract.

Contract Details

Contract ID2031JW23F00109
Contract TypeC
Total Obligation$1,194,619.35
Exercised Options$1,194,619.35
Base Amount + Options$1,887,438.49
Date Signed2023-08-08
Contract DescriptionEXTRACT, TRANSFORM AND LOAD TO THE CLOUD (ETL TO THE CLOUD) SERVICES
Start Date2023-08-11
End Date2025-08-10

Agency Details

Awarding AgencyDepartment of the Treasury
Awarding Sub AgencyOffice of the Comptroller of the Currency
Awarding OfficeCOMPTROLLER OF CURRENCY ACQS
Funding AgencyDepartment of the Treasury
Funding Sub AgencyOffice of the Comptroller of the Currency
Funding OfficeOFFICE OF MANAGEMENT / CFO

Recipient Details

RecipientPRACTICAL SOLUTIONS, INC
Recipient Location20 F ST NW WASHINGTON DISTRICT OF COLUMBIA, UNITED STATES
Business Categories8(a) Program Participant, Category Business, Corporate Entity Not Tax Exempt, Minority Owned Business, Other Minority Owned Business, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, Subchapter S Corporation, U.S.-Owned Business

Comments

Award Transactions

Transaction #P00004 | $336,254.68August 7, 2025

Office of the Comptroller of the Currency, a sub agency of Department of the Treasury, issued a payment of $336,254.68 to PRACTICAL SOLUTIONS, INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00003 | $-41,101.12March 5, 2025

Office of the Comptroller of the Currency, a sub agency of Department of the Treasury, issued a payment of $-41,101.12 to PRACTICAL SOLUTIONS, INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002 | $329,661.43August 1, 2024

Office of the Comptroller of the Currency, a sub agency of Department of the Treasury, issued a payment of $329,661.43 to PRACTICAL SOLUTIONS, INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00001 | $0.00February 13, 2024

Office of the Comptroller of the Currency, a sub agency of Department of the Treasury, issued a payment of $0.00 to PRACTICAL SOLUTIONS, INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0 | $569,804.36August 8, 2023

Office of the Comptroller of the Currency, a sub agency of Department of the Treasury, issued a payment of $569,804.36 to PRACTICAL SOLUTIONS, INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00005 | $0.00October 6, 2025

Office of the Comptroller of the Currency, a sub agency of Department of the Treasury, issued a payment of $0.00 to PRACTICAL SOLUTIONS, INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00004 | $336,254.68August 7, 2025

Office of the Comptroller of the Currency, a sub agency of Department of the Treasury, issued a payment of $336,254.68 to PRACTICAL SOLUTIONS, INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00003 | $-41,101.12March 5, 2025

Office of the Comptroller of the Currency, a sub agency of Department of the Treasury, issued a payment of $-41,101.12 to PRACTICAL SOLUTIONS, INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00002 | $329,661.43August 1, 2024

Office of the Comptroller of the Currency, a sub agency of Department of the Treasury, issued a payment of $329,661.43 to PRACTICAL SOLUTIONS, INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00001 | $0.00February 13, 2024

Office of the Comptroller of the Currency, a sub agency of Department of the Treasury, issued a payment of $0.00 to PRACTICAL SOLUTIONS, INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #0 | $569,804.36August 8, 2023

Office of the Comptroller of the Currency, a sub agency of Department of the Treasury, issued a payment of $569,804.36 to PRACTICAL SOLUTIONS, INC. The payment included a Subsidy Cost of $0.00.