Financial advisor for support of a loan application for a long-duration compressed air energy storage project. Hydrostor.
Ended Definitive Contract Awarded Last action
- Contract number
- 89303024CLP000094
- Awardee
-
FTI Consulting, Inc. UEI JFXMP1DYAWK9
- Awarding agency
-
Headquarters
Department of Energy
- Obligated
- $425,133
Award facts
- Contract value 100% obligated
- $425,132.60 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- Funding agency
- Office of Loan Programs Department of Energy
- NAICS code
- 561990 All Other Support Services
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 2 offers Negotiated Proposal / Quote
- Pricing
- Labor Hours
- Place of performance
- Washington, DC 20585, USA
- Legislative mandates
-
- Employment Eligibility Verification (E-Verify) FAR subpart 22.18
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Funding Only Action | -$51,735 | |
| Additional Work (new agreement, FAR part 6 applies) | $148,560 | |
| Original award | $328,308 |
About this award
This is a definitive contract awarded by the U.S. Department of Energy's Office of Loan Programs to FTI Consulting, Inc., a global business advisory firm, to provide financial advisor support services for a long-duration compressed air energy storage project loan application. The contract has a ceiling value of $425,132.60 and a completion date of December 31, 2025. It is a time-and-materials contract, and there is no set-aside designation. This contract is part of a larger $4 million Indefinite Delivery Contract (IDC) between FTI Consulting and the Department of Energy's Office of Loan Programs, where FTI Consulting provides specialized legal and financial advisory services related to the agency's Title XVII loan guarantee portfolio.
Quick answers
Who was awarded contract 89303024CLP000094?
89303024CLP000094 was awarded to FTI Consulting, Inc. by Headquarters (Department of Energy) on December 27, 2023.
How much is contract 89303024CLP000094 worth?
The government has obligated $425,133 on 89303024CLP000094.
Which agency awarded contract 89303024CLP000094?
Headquarters (Department of Energy) awarded 89303024CLP000094, with funding from Office of Loan Programs (Department of Energy).
Was contract 89303024CLP000094 competed?
The extent of competition for 89303024CLP000094 was full and open competition. The government received 2 offers.
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