Establish service contract to provide a web-based interactive retirement benefits calculator tool
Active Indefinite Delivery Contract Awarded Last action
- Contract number
- 693JK424D500001
- Awardee
-
Government Retirement & Benefits, Inc. UEI NU28U7M5HGX6
- Awarding agency
-
Immediate Office of the Secretary of Transportation
Department of Transportation
- Task orders
- 4 $1,012,977 obligated
Award facts
- Opportunity
-
- Retirement Benefits Calculator Tool for U. S. Department of Transportation Solicitation · 693JK424R500005 · Posted Jun 12, 2024
- Combined order value
-
- $1,012,977 Current, with exercised options
- $2,046,949 Potential, with all options
- Last date to order 70% complete
- IDV ceiling 56% used
- $1,796,000.00
- Award type
- Single award
- Contracting staff
- NAICS code
- 541612 Human Resources Consulting Services
- Set-aside
- Total Small Business
- Competition
- Full and Open Competition after exclusion of sources · 3 offers Negotiated Proposal / Quote
- Pricing
- Firm Fixed Price
Award details come from SAM.gov/FPDS.
About this IDV
The Department of Transportation Immediate Office of the Secretary awarded a single-award indefinite delivery contract to Government Retirement & Benefits, Inc. on September 25, 2024, with a ceiling value of $1.796 million and an ultimate completion date of September 24, 2027. The contract carries a Total Small Business set-aside designation.
Place of performance is Washington, DC 20590. The IDIQ covers approximately 58,000 licenses for Department of Transportation employees excluding those in the Federal Aviation Administration, for a web-based interactive Retirement Benefits Calculator Tool that provides HR specialists and employees with retirement planning and benefits administration resources.
The underlying solicitation, posted June 12, 2024, with proposals due July 27, 2024, sought cloud-based retirement calculator licensing with specified functional and technical requirements including security, compliance, user roles, and data conversion from existing systems. The procurement was full and open (no set-aside at solicitation stage), and the incumbent was Economic Systems, Inc.
The IDIQ has generated multiple delivery orders. On September 25, 2024, DOT issued an initial delivery order for $100,707 and exercised an option year valued at $359,200 for web-based calculator licensing, both firm fixed-price and Total Small Business set-aside, extending through September 24, 2026. A December 18, 2024 delivery order, not set-aside, valued at $1,227,841.75, extends through September 24, 2029. On September 25, 2026, DOT issued an additional $359,200 Total Small Business delivery order under the same IDIQ, also extending through September 24, 2027. Government Retirement & Benefits, Inc. self-performs all delivery with no subcontractor involvement.
Task orders
Transactions
| Action | Obligated | Date |
|---|---|---|
| Exercise an Option | $0 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $0 | |
| Original award | $0 |
Quick answers
Who was awarded contract 693JK424D500001?
693JK424D500001 was awarded to Government Retirement & Benefits, Inc. by Immediate Office of the Secretary of Transportation (Department of Transportation) on September 25, 2024.
How much is contract 693JK424D500001 worth?
Orders under 693JK424D500001 have obligated $1,012,977. Their combined potential value, with all options, is $2,046,949. 693JK424D500001's own ceiling is $1,796,000.
How many orders have been placed under contract 693JK424D500001?
4 orders have been placed under 693JK424D500001, the latest on September 25, 2026.
Who can order from contract 693JK424D500001?
693JK424D500001 is a single award indefinite delivery contract.
Was contract 693JK424D500001 competed?
The extent of competition for 693JK424D500001 was full and open competition after exclusion of sources. The government received 3 offers. It was set aside: Total Small Business.
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