Press Release
PRICE Systems Lands Third Major Contract in Federal Market
MT. LAUREL, New Jersey - July 28, 2006 - PRICE Systems, world leader in Program Affordability Management Solutions, today announced a major contract award from GovWorks, the Federal Acquisition Center under the Department of Interior which provides acquisition services for Federal civilian and military agencies. Last month, PRICE announced two other major contract awards from the U.S. Navy and the Department of Homeland Security. Each of the three contracts have the potential of bringing millions of dollars of business to the company over the next several years.
PRICE is partnering on the GovWorks contract with Cherokee Information Services, Inc.-a Native American, Veteran, and Employee-owned company headquartered in Arlington, Virginia. Since adopting a strategy of more aggressively forming new business partnerships and teaming with complementary technology and services companies, PRICE has successfully expanded its opportunities in the Federal market.
"Over the past year, we have seen more and more customers shy away from using the GSA IT70 Schedule," said Larry Reagan, Vice President of Government Solutions at PRICE Systems. "Many federal agencies wanted PRICE support but were unable to get to us. Our recent wins in the Federal market have provided alternative contract vehicles that make PRICE more accessible to existing customers as well as many new prospects."
GovWorks, which is a Franchise Fund authorized be Congress and the Office of Management and Budget to offer acquisitions services to Federal agencies, recently moved under the Department of Interior's National Business Center (NBC) and will merge with the former NBC Acquisitions Services organization to form a new NBC Acquisition Services Line of Business.
About PRICE Systems
PRICE Systems, the world leader in Program Affordability Management solutions, enables government agencies, defense programs and commercial organizations to successfully select, control and deliver large-scale, complex and high-visibility projects. The company offers cost estimating, cost analysis and knowledge capture tools, combined with expert consulting in cost estimating, and project control methods and best practices, to help customers better control costs and schedules throughout a project's lifecycle, ensuring program affordability. Established in 1975 with offices in the United States, Europe and Asia-Pacific, PRICE Systems serves more than 250 customers worldwide. More than 10,000 project professionals have been trained in the company's cost estimating and analysis methodologies.
Contact Information
Vincent Ferrara
PRICE Systems, LLC
1.856.813.2757
Vincent.Ferrara@PRICESystems.com
