9531CB22D0006 - REDRESS SERVICES IDIQ - RUST
Federal Contract Award Search » IDC Award - CFPB 3rd Party Redress Services (2022)
This IDC contract for Financial services was awarded in FY2022 on Sep 21, 2022 to Exela Technologies, Inc. by Consumer Financial Protection Bureau. There have been $3.2M in obligations to date with a ceiling value of $50M, showing a 6% burn rate so far on the contract. The contract was not competed under any preference program with 6 offers received. We expect a 5 year duration with ultimate completion date of Sep 19, 2027.
Exela Technologies, Inc. is a contractor located in MD, doing primarily Business Admin Services work for Justice. The company receives $3.3M 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
- 9531CB22D0006
- Contractor
- RUST CONSULTING, INC.
- Obligations to Date
- $3.2M
- Ceiling Value
- $50M
- Award Date
- 09/21/2022
- Contract Type
- IDC
- Contract Vehicle
- CFPB 3rd Party Redress Services (2022)
- Competition Set Aside Type
- No set aside used
- Buying Agency/Office
- Consumer Financial Protection Bureau
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Task Order History
| Task Order No. | Contractor | Obligations | Effective Date |
|---|---|---|---|
| 9531CB23F0052 | RUST CONSULTING, INC. | $340.6k | 05/01/2023 |
| 9531CB23F0053 | RUST CONSULTING, INC. | $64.8k | 05/02/2023 |
| 9531CB23F0063 | RUST CONSULTING, INC. | $254k | 05/23/2023 |
| 9531CB23F0066 | RUST CONSULTING, INC. | $51.8k | 05/25/2023 |
| 9531CB23F0094 | RUST CONSULTING, INC. | $241.2k | 08/01/2023 |
| 9531CB23F0098 | RUST CONSULTING, INC. | $402.6k | 08/24/2023 |
| 9531CB23F0106 | RUST CONSULTING, INC. | $25.1k | 09/26/2023 |
| 9531CB24F0002 | RUST CONSULTING, INC. | $57.3k | 10/17/2023 |
| 9531CB24F0057 | RUST CONSULTING, INC. | $598.4k | 05/01/2024 |
| 9531CB24F0086 | RUST CONSULTING, INC. | $132.9k | 09/03/2024 |
