New contract award for the business growth activity in support of jordanian smes
Ended Definitive Contract Awarded Last action
- Contract number
- 72027821C00002
- Awardee
-
Financial Markets International, Inc. UEI DX83DLMM3Y43
- Awarding agency
-
US Mission in Jordan
Overseas Missions, US Agency for International Development
- Obligated
- $36,378,128
Award facts
- Opportunity
-
- Business Growth (BG) Pre-Solicitation · 72027820R00002 · Posted Nov 6, 2019
- Contract value 79% obligated
- $45,991,916.00 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- NAICS code
- 541990 All Other Professional, Scientific, and Technical Services
- PSC
- R799 Support- Management: Other
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 12 offers Negotiated Proposal / Quote
- Pricing
- Cost Plus Fixed Fee
- Place of performance
- Jordan
- Legislative mandates
-
- Employment Eligibility Verification (E-Verify) FAR subpart 22.18
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | $0 | |
| Terminate for Convenience | $0 | |
| Funding Only Action | $12,578,129 | |
| Other Administrative Action | $0 | |
| Funding Only Action | $12,800,000 | |
| Supplemental Agreement for work within scope | $0 | |
| Original award | $11,000,000 |
About this award
US Mission in Jordan awarded a $45.9 million definitive contract to Financial Markets International, Inc. for a business growth activity supporting Jordanian small and medium enterprises on September 20, 2021, under cost-plus-fixed-fee pricing with an ultimate completion date of March 25, 2025.
The originating solicitation, posted in November 2019 as a total small business set-aside, sought a five-year effort to increase SME competitiveness and growth in Jordan through improved business enabling environment, enhanced domestic and international market access, and expanded opportunities for women and youth. The contract was structured to incentivize superior performance and cost efficiencies using NAICS code 541611 and PSC code R499.
Place of performance is Jordan. Recent sub-awards reflect a multi-vendor teaming model delivering equipment procurement, digital transformation services, technical assistance, and marketing campaign support to SME grantees. Named subcontractors include Agile Solutions For Consulting And Training (digital transformation), Alsadeen For Advertising And Media CO. LTD (online marketing for SMEs), and Explorer Logistic Services (equipment procurement), among a broader vendor network.
In FY2024, the contract reported 40.8 FTEs across 84,945 contractor hours with a derived government-paid rate of $17.50 per hour. Subcontractors accounted for 42 percent of contractor hours. FY2023 reported 34.8 FTEs and 72,488 contractor hours at $18.36 per hour, reflecting a flat pricing trend year-over-year.
Subawards
Show all 38
Quick answers
Who was awarded contract 72027821C00002?
72027821C00002 was awarded to Financial Markets International, Inc. by US Mission in Jordan (Overseas Missions) on September 20, 2021.
How much is contract 72027821C00002 worth?
The government has obligated $36,378,128 on 72027821C00002. Its current value, with exercised options, is $45,991,916.
Was contract 72027821C00002 competed?
The extent of competition for 72027821C00002 was full and open competition. The government received 12 offers.
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