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Department of Homeland Security Awarded a Contract to ECONOMIC SYSTEMS INC for $476,625.00
Signed on
6/10/2024, 12:00 AM
ECONOMIC SYSTEMS INC Government Contract #70T03024F7663N001
ECONOMIC SYSTEMS INC was awarded a contract with the United States Government for $476,625.00. The contract was awarded by the agency office ENTERPRISE INFORMATION TECHNOLOGY, which is a division with the Transportation Security Administration within the Department of Homeland Security.
Summary of Award
The US federal government awarded a contract to Economic Systems Inc. for the provision of Federal Retirement Calculator Software as a subscription. The total obligation for the contract is $476,625, with the base exercised options and base and all options also amounting to $476,625. The contract was signed on June 10, 2024.
The contract falls under the category of a delivery order and is classified as a C type contract. The parent award agency is the General Services Administration, specifically the Federal Acquisition Service. The contract falls under the Federal Supply Schedule (FSS) and is categorized as a multiple award contract.
The contract was awarded by the Department of Homeland Security, specifically the Transportation Security Administration. The period of performance for the contract is from June 11, 2024, to June 10, 2025. The contract was last modified on April 3, 2025, with a potential end date of June 10, 2025.
Economic Systems Inc. is the recipient of the contract, located in Falls Church, Virginia. The company is a U.S.-owned business and falls under the categories of Category Business, Corporate Entity Not Tax Exempt, Small Business, and Special Designations. The company specializes in providing IT and telecom services, specifically business application and application development software as a service.
The contract transactions include two entries. The first transaction, dated April 3, 2025, with a modification code of P00001, indicates a transaction amount of $0. The second transaction, dated June 10, 2024, with a modification code of 0, shows a transaction amount of $476,625. Both transactions fall under the def code "Q."
Overall, the contract between the US federal government and Economic Systems Inc. for the Federal Retirement Calculator Software subscription involves a significant financial obligation and highlights the government's investment in IT and telecom services to support its operations.
Contract Details
Agency Details
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Award Transactions
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.
Transportation Security Administration, a sub agency of Department of Homeland Security, issued a payment of $476,625.00 to ECONOMIC SYSTEMS INC. The payment included a Subsidy Cost of $0.00.