Fedmine Wins $446M Dod BPA for IT Research, Informative Services
Along with Gartner and Forrester Research, Fedmine has been awarded a multiple award, fixed firm price DoD Enterprise Software Initiative (ESI) Blanket Purchase Agreement (BPA) valued at $446M, with Fedmine the only small business on the contract.
Rockville, MD – April 16, 2019 – Founded in 2004, Fedmine is the fastest growing federal business intelligence platform for organizations seeking real-time information on federal contracts and business opportunities. It is the most dominant SaaS platform on federal spending data and is widely accepted as the most reliable and accurate source on information that relates to federal spending. With an astounding track record that boasts many other firsts, it is now considered to be the largest library of ready-to-run federal spending reports on the Internet. The addition of the Department of Defense (DoD) Blanket Purchase Agreement (BPA) award clearly attests to its wide acceptance in the federal sector.
Providing business intelligence data to federal prime contractors, professional services providers and federal agencies, Fedmine brings robust data aggregation capabilities via 17 federal data sources powered by an AWS hosted platform. The three market and business intelligence providers will take fixed price task orders over the duration of the contract (ending in 2029) that aims to connect agencies with commercially-available tools and services. This Enterprise Software Initiative (ESI) is not only useful to federal agencies, but also to prime contractors who can make purchases directly against it.
“While data is everywhere, usable information cured to create knowledge for immediate organizational advantage remains scarce”, said Ashok Mehan, Founder & CEO of Fedmine, alluding to the unique data aggregation processes its cloud platform performs daily by pulling from authoritative government data sources. “Information cannot remain continuously viable for real-time decision making if any step in the curation process involves manual intervention. Humans should not touch any data point before it is served to users, otherwise it is necessarily contaminated,” emphasizes Mehan referring to how information integrity gets compromised if any step in data curation is handled by humans who are prone to error.
The Navy awarded this BPA via GSA Schedule on March 25, 2019. All defense and intelligence agencies, US Coast Guard, State & Local governments as well all prime contractors have access to this BPA. It was created as part of the DoD’s Enterprise Software Initiative with a focus on consolidating IT product and service agreements.
The ordering period will be for a maximum of 10 years, and the expected date of completion is March 24, 2029. Requirements will be competed among the awardees in accordance with Federal Acquisition Regulation 8.403-3(c)(2), and the successful contractor will receive firm-fixed-price orders. This BPA was competitively procured via the GSA E-Buy website among 679 vendors. Three offers were received and three were selected for award. Naval Information Warfare Center Pacific, San Diego, California, is the contracting activity.
Fedmine™ is an experienced cloud-based data aggregation firm with a range of specializations in the way federal spending information is collected, processed, and logically framed for decision-making across the federal sector. Since inception, it has focused exclusively on making data understandable and accessible with unmatched accuracy and reliability through its web based application designed to self-explain the complex, and at times obscure, relationships that lie between disparate federal data sources.