Federal bonding program (FBP)
Active Definitive Contract Awarded Last action
- Contract number
- 1605C222C0013
- Awardee
-
Oakdale Holdings Corporation UEI M5J5V684KEW6
- Awarding agency
-
Office of the Assistant Secretary for Administration and Management
Department of Labor
- Obligated
- $1,148,396
Award facts
- Opportunity
-
- Department of Labor (DOL), Employment and Training Administration (ETA), Office of WorkForce Investment (OWI) Federal Bonding Program Solicitation · 1605C222R00005 · Posted Feb 18, 2022
- Contract value 100% obligated
- $1,148,396.06 Current and potential, with all options
- Completion date 92% complete
- Current and potential, with all options
- Contracting staff
- Funding agency
- Employment and Training Administration Department of Labor
- NAICS code
- 524210 Insurance Agencies and Brokerages
- PSC
- R499 Support- Professional: Other
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 2 offers Negotiated Proposal / Quote
- Pricing
- Time and Materials
- Place of performance
- Washington, DC 20210, USA
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Exercise an Option | $239,649 | |
| Exercise an Option | $234,517 | |
| Exercise an Option | $229,534 | |
| Supplemental Agreement for work within scope | $0 | |
| Exercise an Option | $224,697 | |
| Other Administrative Action | $0 | |
| Original award | $220,000 |
About this award
The Department of Labor's Employment and Training Administration awarded a $1.148 million definitive contract to Oakdale Holdings Corporation for Federal Bonding Program administration on March 25, 2022, under a total small business set-aside.
The originating solicitation requires the contractor to administer the Federal Bonding Program, including marketing the program, maintaining an online portal for purchasing bonds, collecting program performance data, and partnering with federal staff to identify success measures and demonstrate program reach and impact. The program provides fidelity bonds with limits up to $25,000 to incentivize employers to hire justice-involved individuals and other at-risk job seekers by protecting them from losses due to employee theft or criminal acts. Work is performed in Washington, DC. The contract is priced on a time and materials basis with a ceiling value of $1.148 million and an ultimate completion date of March 24, 2027. The period of performance consists of one base year with four optional one-year extensions.
Quick answers
Who was awarded contract 1605C222C0013?
1605C222C0013 was awarded to Oakdale Holdings Corporation by Office of the Assistant Secretary for Administration and Management (Department of Labor) on March 25, 2022.
How much is contract 1605C222C0013 worth?
The government has obligated $1,148,396 on 1605C222C0013.
Which agency awarded contract 1605C222C0013?
Office of the Assistant Secretary for Administration and Management (Department of Labor) awarded 1605C222C0013, with funding from Employment and Training Administration (Department of Labor).
Was contract 1605C222C0013 competed?
The extent of competition for 1605C222C0013 was full and open competition. The government received 2 offers.
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