ICF (NASDAQ:ICFI), a consulting and technology services provider to government and commercial clients around the world, was selected to compete for up to $5.7 billion in two new contracts under the General Services Administration’s Human Capital and Training Solutions (HCaTS). The 10-year government-wide contracts, awarded in the third quarter, allow federal agencies to access ICF’s extensive resources and expertise in customized training and development, human capital strategy and organizational performance improvement.
HCaTS is a multiple-award indefinite delivery, indefinite quantity (IDIQ) vehicle administered by GSA in partnership with the Office of Personnnel Management. The two contracts have individual ceilings of $3.45 billion and $2.3 billion, respectively. Both include one five-year base plus one five-year option and one six-month option.
For more than 25 years, ICF has helped nearly every federal agency address its human capital challenges. ICF leverages innovative methods and industry best practices in areas such as dynamic learning, workforce analytics and cyber workforce development to provide clients with best-in-class training, organizational and individual performance and process improvement services.
“With HCaTS, our federal clients will continue to have access to the innovative workforce services they have come to expect from ICF,” said Christina Curnow, PhD and senior vice president for ICF. “We are thrilled to continue to play a leadership role in advancing the federal human capital and training strategy and in supporting the workforce development and digital workforce transformation goals of federal agencies.”
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ICF (NASDAQ:ICFI) is a global consulting services company with approximately 7,500 full- and part-time employees, but we are not your typical consultants. At ICF, business analysts and policy specialists work together with digital strategists, data scientists and creatives. We combine unmatched industry expertise with cutting-edge engagement capabilities to help organizations solve their most complex challenges. Since 1969, public and private sector clients have worked with ICF to navigate change and shape the future. Learn more at icf.com.
Statements that are not historical facts and involve known and unknown risks and uncertainties are "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995. Such statements may concern our current expectations about our future results, plans, operations and prospects and involve certain risks, including those related to the government contracting industry generally; our particular business, including our dependence on contracts with U.S. federal government agencies; our ability to acquire and successfully integrate businesses; and the effects of the novel coronavirus disease (COVID-19) and related federal, state and local government actions and reactions on the health of our staff and that of our clients, the continuity of our and our clients' operations, our results of operations and our outlook. These and other factors that could cause our actual results to differ from those indicated in forward-looking statements THAT are included in the "Risk Factors" section of our securities filings with the Securities and Exchange Commission. The forward-looking statements included herein are only made as of the date hereof, and we specifically disclaim any obligation to update these statements in the future.
