TEXTMUNICATION HOLDINGS, INC. PROVIDES SHAREHOLDER UPDATE ON GOVERNMENT CONTRACTING
https://textmunication.com/textmunication-hol...ntracting/
PLEASANT HILL, CA/October 19, 2017 – Textmunication Holdings, Inc. (TXHD.OB), a cloud-based mobile SMS marketing platform provider, issued an 8-K on October 9, 2017 detailing Aspire Consulting Group LLC’s (“Aspire”) confirmed Indefinite Delivery/Indefinite Quantity (IDIQ) awards as a subcontractor.
Textmunication has a 49% stake in Aspire, a Maryland-based IT Services firm specializing in innovative IT solutions for federal and state governments. Aspire teams with IT Services leaders leveraging its core competencies in Business Process Reengineering, Health IT, Cloud Migration, Software Integration and Digital Engagement.
Aspire has three IDIQ wins with prime contractors in 2017:
Centers for Medicare & Medicaid Services (CMS)
Social Security Administration Information Technology Support Services (ITSSC)
The Department of Veterans Affairs (VA) VECTOR
Indefinite delivery/Indefinite quantity contracts provide for an indefinite quantity of services for a fixed time. This type of multiple-award procurement vehicle helps streamline the contract process and speed service delivery. Teaming with influential Primes allows subcontractors to leverage the network and past performance of the Prime and win contracts. After an IDIQ is won, task orders are generated for the selected contractors to compete for, win and deliver. While this process can take time to implement following the IDIQ award, it provides long-term opportunities and major revenue potential. Aspire is building a varied contract portfolio consisting of IDIQ and program-based awards.
There are contracts not dependent on task orders, but instead program-based awards. These contracts offer immediate work for both the prime and subcontractor. While CMS, SSA and VECTOR are task order driven, Aspire has two proposals pending not dependent on task orders, but instead based on specific criteria outlined in the proposal. If these proposals are won, the work begins after the contracts are signed.
Several leading prime contractors have chosen Aspire for the following reasons:
Service Disabled Veteran-Owned Small Business (SDVOSB) certification
Past performance credentials and expertise
Experienced leadership in IT Services
Network of specialized consultants
Connections to key federal and state agencies
Many contracts require a percentage of overall revenue assigned to SDVOSB firms. This number typically ranges from 2% – 8%. Aspire has teaming agreements for specific programs with leading System Integrators (SI) for opportunities either won or currently bidding. A teaming agreement doesn’t guarantee business, but offers opportunities with leading firms on mission-critical federal and state programs.
Building past performance is a critical step in becoming a prime contractor. Aspire is positioning itself to be a prime contractor for future opportunities by aligning itself on major programs with top integrators. The ability to team with industry leaders opens opportunities and provides key past performance metrics. Aspire has three bids pending for Q4 award notification in addition to working on IDIQ task order proposals.
https://textmunication.com/textmunication-hol...ntracting/
PLEASANT HILL, CA/October 19, 2017 – Textmunication Holdings, Inc. (TXHD.OB), a cloud-based mobile SMS marketing platform provider, issued an 8-K on October 9, 2017 detailing Aspire Consulting Group LLC’s (“Aspire”) confirmed Indefinite Delivery/Indefinite Quantity (IDIQ) awards as a subcontractor.
Textmunication has a 49% stake in Aspire, a Maryland-based IT Services firm specializing in innovative IT solutions for federal and state governments. Aspire teams with IT Services leaders leveraging its core competencies in Business Process Reengineering, Health IT, Cloud Migration, Software Integration and Digital Engagement.
Aspire has three IDIQ wins with prime contractors in 2017:
Centers for Medicare & Medicaid Services (CMS)
Social Security Administration Information Technology Support Services (ITSSC)
The Department of Veterans Affairs (VA) VECTOR
Indefinite delivery/Indefinite quantity contracts provide for an indefinite quantity of services for a fixed time. This type of multiple-award procurement vehicle helps streamline the contract process and speed service delivery. Teaming with influential Primes allows subcontractors to leverage the network and past performance of the Prime and win contracts. After an IDIQ is won, task orders are generated for the selected contractors to compete for, win and deliver. While this process can take time to implement following the IDIQ award, it provides long-term opportunities and major revenue potential. Aspire is building a varied contract portfolio consisting of IDIQ and program-based awards.
There are contracts not dependent on task orders, but instead program-based awards. These contracts offer immediate work for both the prime and subcontractor. While CMS, SSA and VECTOR are task order driven, Aspire has two proposals pending not dependent on task orders, but instead based on specific criteria outlined in the proposal. If these proposals are won, the work begins after the contracts are signed.
Several leading prime contractors have chosen Aspire for the following reasons:
Service Disabled Veteran-Owned Small Business (SDVOSB) certification
Past performance credentials and expertise
Experienced leadership in IT Services
Network of specialized consultants
Connections to key federal and state agencies
Many contracts require a percentage of overall revenue assigned to SDVOSB firms. This number typically ranges from 2% – 8%. Aspire has teaming agreements for specific programs with leading System Integrators (SI) for opportunities either won or currently bidding. A teaming agreement doesn’t guarantee business, but offers opportunities with leading firms on mission-critical federal and state programs.
Building past performance is a critical step in becoming a prime contractor. Aspire is positioning itself to be a prime contractor for future opportunities by aligning itself on major programs with top integrators. The ability to team with industry leaders opens opportunities and provides key past performance metrics. Aspire has three bids pending for Q4 award notification in addition to working on IDIQ task order proposals.
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