Department of Homeland Security Awarded a Contract to ECONOMIC SYSTEMS INC for $1,462,804.00

Q: Where is ECONOMIC SYSTEMS INC located?

3120 FAIRVIEW PARK DR STE 500 FALLS CHURCH VIRGINIA UNITED STATES

Signed on

1/5/2023, 12:00 AM

ECONOMIC SYSTEMS INC Government Contract #70T01023F7663N002

ECONOMIC SYSTEMS INC was awarded a contract with the United States Government for $1,462,804.00. The contract was awarded by the agency office WORKFORCE & ENTERPRISE OPERATIONS, which is a division with the Transportation Security Administration within the Department of Homeland Security.

Summary of Award

The recipient of the federal contract is Economic Systems Inc, a U.S.-owned business located in Virginia. The contract is for the development of a federal retirement calculator funded by the Department of Homeland Security, with a total obligation of $558,722. Notable spending patterns include multiple transactions, with the latest being $11,812 and the largest being $194,347 for various project modifications.

Contract Details

Contract ID70T01023F7663N002

Contract TypeC

Total Obligation$558,722.00

Exercised Options$962,278.00

Base Amount + Options$1,462,804.00

Date Signed2023-01-05

Contract DescriptionFEDERAL RETIREMENT CALCULATOR

Start Date2023-01-01

End Date2025-12-31

Agency Details

Awarding AgencyDepartment of Homeland Security

Awarding Sub AgencyTransportation Security Administration

Awarding OfficeWORKFORCE & ENTERPRISE OPERATIONS

Funding AgencyDepartment of Homeland Security

Funding Sub AgencyTransportation Security Administration

Funding OfficeHUMAN CAPITAL

Recipient Details

RecipientECONOMIC SYSTEMS INC

Recipient Location3120 FAIRVIEW PARK DR STE 500 FALLS CHURCH VIRGINIA, UNITED STATES

Business CategoriesCategory Business, Corporate Entity Not Tax Exempt, Small Business, Special Designations, U.S.-Owned Business

Comments

Award Transactions

Transaction #P00005 | $11,812.00August 8, 2025

Transportation Security Administration, a sub agency of Department of Homeland Security, issued a payment of $11,812.00 to ECONOMIC SYSTEMS INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00004 | $194,347.00November 5, 2024

Transportation Security Administration, a sub agency of Department of Homeland Security, issued a payment of $194,347.00 to ECONOMIC SYSTEMS INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00003 | $185,257.00November 15, 2023

Transportation Security Administration, a sub agency of Department of Homeland Security, issued a payment of $185,257.00 to ECONOMIC SYSTEMS INC. The payment included a Subsidy Cost of $0.00.

Transaction #P00002 | $0.00October 25, 2023

Transportation Security Administration, a sub agency of Department of Homeland Security, issued a payment of $0.00 to ECONOMIC SYSTEMS INC. The payment included a Subsidy Cost of $0.00.

This payment could indicate a change to the existing contract.

Transaction #P00001 | $2.00January 26, 2023

Transportation Security Administration, a sub agency of Department of Homeland Security, issued a payment of $2.00 to ECONOMIC SYSTEMS INC. The payment included a Subsidy Cost of $0.00.

Transaction #0 | $167,304.00January 5, 2023

Transportation Security Administration, a sub agency of Department of Homeland Security, issued a payment of $167,304.00 to ECONOMIC SYSTEMS INC. The payment included a Subsidy Cost of $0.00.