15JPSS23D00000066 - ASSET FORFEITURE INVESTIGATIVE SERVICES FOR AFMS
Federal Contract Award Search » IDC Award - AFMS Asset Forfeiture Investigation Support Services (AFISS 2) (2022)
This IDC contract for Business Admin Services, Legal services, Financial services was awarded in FY2023 on April 25, 2023 to PROFESSIONAL RISK MANAGEMENT, INC. by JMD Asset Forfeiture Management Staff. There have been $2.8M in obligations to date with a ceiling value of $498.1M, showing a 1% burn rate so far on the contract. The contract was competed under Small Business Set-Aside -- Total preference program with 10 offers received. We expect a 5 year duration with ultimate completion date of April 23, 2028.
PROFESSIONAL RISK MANAGEMENT, INC. is a contractor located in VA, doing primarily Financial services work for Justice. The company receives $11.9M annually in federal awards (as of FY2020). Also, they have shown success winning IDC contracts concentrated mainly on a singular customer focused portfolio.
The Federal Government competes and awards an Indefinite Delivery Contract (IDC) to support requirements where the quantity and time of delivery are unknown. Typically referred to as Indefinite Delivery-Indefinite Quantity (IDIQ) contracts, the Government has the option of awarding a single or multiple award IDIQ. Once awarded, an IDIQ acts as a master agreement between the Federal Government and one or more contractors. On an as-needed basis, Federal buying organizations place orders, commonly referred to as Task Orders against an IDIQ, to purchase goods or services available through the IDIQ.
- Contract Number
- 15JPSS23D00000066
- Contractor
- PROFESSIONAL RISK MANAGEMENT, INC.
- Obligations to Date
- $2.8M
- Ceiling Value
- $498.1M
- Award Date
- 04/25/2023
- Contract Type
- IDC
- Competition Set Aside Type
- Small Business Set-Aside -- Total
- Buying Agency/Office
- Justice » DOJ Justice Management Division (JMD) » JMD Office of the Controller » JMD Asset Forfeiture Management Staff
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Task Order History
| Task Order No. | Contractor | Obligations | Effective Date |
|---|---|---|---|
| 15F06723F0001347 | PROFESSIONAL RISK MANAGEMENT, INC. | $2.8M | 08/01/2023 |
| 15DDHQ24F00000074 | PROFESSIONAL RISK MANAGEMENT, INC. | $0k | 04/16/2024 |
