This Definitive Contract contract for Program Management was awarded in FY2021 on February 05, 2021 to RIVA SOLUTIONS, INC. by Division of Administrative Services. There have been $1.3M in obligations to date with a ceiling value of $4M, showing a 33% burn rate so far on the contract. The contract was competed under 8(a) Sole Source preference program with 1 offer received. We expect a 3 year duration with ultimate completion date of February 29, 2024.
RIVA SOLUTIONS, INC. is a contractor located in VA, doing primarily Business Admin Services work for Army. 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 January 19, 2026.
Definitive contracts are single award contracts which usually result from publicly advertised Federal procurements. Historically, definitive contracts represented the most common pathway for the Federal Government to enter into agreements with contractors operating in the Federal market. With few exceptions, definitive contracts all the Federal Government purchase nearly every type of commodity, technology, or service. A known quantity or deliverable is a critical attribute of definitive contracts.
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