USAF Spends $88M for Costing & Calculations Help

Tecolote Research Inc. in Goleta, CA and Quantech Services Inc. in Bedford, MA are being awarded an $88 million indefinite-delivery/ indefinite-quantity contract. This contract will procure specialized costing services for Hanscom Air Force Base for the next four years. These services includes but are not limited to cost estimating, earned value computations, what if calculations, etc. These calculations are important for benchmarking the performance of major weapons programs et. al., and feed into both project management and top-level acquisition & budgeting decisions.

The Air Force can issue delivery orders to these contractors totaling up to $88 million, but doesn’t have to spend it all. At this time, $1.2 million has been obligated. Solicitations began June 2006, negotiations were complete October 2006, and work will be complete October 2010. The Headquarters Electronic Systems Center at Hanscom Air Force Base, MA issued the contract (FA8721-07-D-0002-0001 and FA8721-07-D-0003-0001).