Securities and Exchange Commission Awarded a Contract to GLOBAL ECONOMICS GROUP, LLC for $385,987.70

Summary of Award

Global Economics Group, LLC was awarded a definitive contract by the Securities and Exchange Commission for expert witness services with a total obligation of $385,987.70. The contract was signed on June 14, 2022, and includes base exercised options for the same amount. The contract falls under the category of professional services, specifically expert witness support.

The recipient, Global Economics Group, LLC, is a U.S.-owned business based in Chicago, Illinois. They specialize in providing administrative management and general management consulting services. The company's address is 140 S Dearborn St Ste 1000, Chicago, IL 60603.

The contract has a period of performance starting on June 14, 2022, and ending on March 18, 2025. The latest transaction data shows that the contract has been modified twice, with the most recent modification (Mod: P00002) resulting in a transaction amount of -$203,762.30. The previous modification (Mod: P00001) had a transaction amount of $151,750.00. The initial transaction amount at the start of the contract was $438,000.00. The contract was awarded through a sole-source solicitation procedure, indicating that only one source was considered for the award. The extent competed was marked as "not competed," and no set-aside was used. The contract type was time and materials, and the contract pricing was based on commercial products/services procedures not used. The funding agency for the contract is the Securities and Exchange Commission, with the awarding agency also being the Securities and Exchange Commission. The contract falls under the support services category, specifically professional services related to expert witness support. In summary, Global Economics Group, LLC was awarded a contract by the Securities and Exchange Commission for expert witness services, with a total obligation of $385,987.70. The contract period is from June 14, 2022, to March 18, 2025, and the contract type is definitive. The recipient is a U.S.-owned business based in Chicago, Illinois, specializing in administrative management and general management consulting services. The contract was awarded through a sole-source solicitation procedure, and the contract pricing is based on time and materials.