This BPA contract for Financial services was awarded in FY2020 on Apr 22, 2020 to RIVA Solutions, Inc. by DOI Office of Financial Management (PFM). There have been $5.7M in obligations to date with a ceiling value of $10M, showing a 57% burn rate so far on the contract. The contract was competed under 8a Competed preference program with 5 offers received.
RIVA Solutions, Inc. is a contractor located in VA, doing primarily IT Outsourcing work for Health and Human Services. The company receives $35.3M annually in federal awards (as of FY2020). Also, they have shown success winning No/Limited Bias contracts concentrated mainly on a singular customer focused portfolio. RIVA Solutions, Inc. is a certified 8(a) contractor through Jan 19, 2027.
Blanket Purchase Agreements or BPAs establish a method for the Government to satisfy a repetitive need for goods and services. When a government-wide need exists for specific products or services, a BPA allows the Government to establish a single contract to satisfy those needs. Creating a single source for common needs enables the Government to use buying power to drive down prices and avoid the higher costs associated with hundreds or thousands of customers purchasing independently.
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BPA Call No. | Contractor | Obligations | Effective Date |
---|---|---|---|
1333BJ20F00280005 | RIVA SOLUTIONS, INC. | $4M | 10/16/2019 |
W81XWH20F0100 | RIVA SOLUTIONS, INC. | $3.3M | 02/28/2020 |
140D7020F0048 | RIVA SOLUTIONS, INC. | $1.2M | 04/23/2020 |
W9133L20F2503 | RIVA SOLUTIONS, INC. | $788.7k | 04/30/2020 |
140D0421F0276 | RIVA SOLUTIONS, INC. | $1.1M | 04/23/2021 |
140D0422F0237 | RIVA SOLUTIONS, INC. | $1.2M | 04/27/2022 |
140D0423F0403 | RIVA SOLUTIONS, INC. | $1.2M | 04/27/2023 |
140D0424F0456 | RIVA SOLUTIONS, INC. | $954.2k | 04/25/2024 |
31310024F0113 | RIVA SOLUTIONS, INC. | $390k | 09/27/2024 |