BID PROTEST

SRA puts up fight for lost FDIC contract

Work represents 9 percent of 2012 revenue

SRA International has filed a protest over a lost contract that represents 9 percent of the company’s $1.6 billion in annual revenue.

The company has been providing a variety of IT services to the Federal Deposit Insurance Corporation since at least 2004, when it won a 5 year, $341 million contract. But it lost the recompete for the ISC2 contract to Computer Sciences Corp.

Last week, the company filed with a notice with the Securities and Exchange Commission that it had lost the FDIC contract, which represented 9 percent of its fiscal 2012 revenue, which ended June 30, and 7 percent of fiscal 2013, which ended Sept. 30.

The company estimated that the impact on operating income for fiscal 2013 would be in the range of $3.5 million to $4 million.

In the SEC notice, the company said that it was waiting for a debrief by FDIC before deciding on further action.

On Oct. 22, it filed a protest with the Government Accountability Office. A decision from GAO is expected by Jan. 30.

The company also said in its filing that it would have release more details during a Nov. 8 investor call.

 

About the Author

Nick Wakeman is the editor-in-chief of Washington Technology. Follow him on Twitter: @nick_wakeman.

Reader Comments

Wed, Oct 24, 2012 No Thanks SRA Washington, DC

You should look at the GAO protest docket as SRA is also protesting a major task order at DIA also. SRA International, Inc. Solicitation Number: HHM402-12-R-0125 Agency: Department of Defense : Defense Intelligence Agency File Number: B-407527.1 Outcome: Not Decided Status: Case Currently Open

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close
SEARCH
contracts DB

Trending

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Read More

  • Is SBA MIA on contractor fraud? Nick Wakeman

    Editor Nick Wakeman explores the puzzle of why SBA has been so silent on the latest contractor fraud scandal when it has been so quick to act in other cases. Read More

Webcasts

  • How Do You Support the Project Lifecycle?

    How do best-in-class project-based companies create and actively mature successful organizations? They find the right mix of people, processes and tools that enable them to effectively manage the project lifecycle. REGISTER for this webinar to hear how properly managing the cycle of capture, bid, accounting, execution, IPM and analysis will allow you to better manage your programs to stay on scope, schedule and budget. Learn More!

  • Sequestration, LPTA and the Top 100

    Join Washington Technology’s Editor-in-Chief Nick Wakeman as he analyzes the annual Top 100 list and reveals critical insights into how market trends have impacted its composition. You'll learn what movements of individual companies means and how the market overall is being impacted by the current budget environment, how the Top 100 rankings reflect the major trends in the market today and how the biggest companies in the market are adapting to today’s competitive environment. Learn More!