Prime Award Secures Customer Efficiencies, Opportunities
MIAMISBURG, Ohio, Aug. 4, 2022 /PRNewswire-PRWeb/ -- O'Neil & Associates, (ONEIL) in partnership with EIDOS Technologies, LLC, today announced that their joint venture company, ONEIDOS, was awarded a seat on a $7.4 billion contract. The official prime award notice means aviation customers can quickly and easily work with ONEIDOS through the Electronic Federal Aviation Administration (FAA) Accelerated and Simplified Tasks (eFAST), Master Order Agreement (MOA) as an 8(a), HUBZone, and Small Business.
eFAST is a preferred contracting vehicle for small business contracts that streamlines the procurement process for all stakeholders using a web-based acquisition tool and automated workflows compliant with applicable FAA standards. eFAST supports firm-fixed price, cost reimbursable, time and materials, labor hour and other contract types as appropriate. Through eFAST, customers can reduce the time it takes to hire a contractor by as much as 65 percent.
"Earning a prime award as an eFAST contractor was a one-and-a-half-year endeavor that will prove mutually beneficial for ONEIDOS and our customers," said Hernan Olivas, president and CEO of ONEIL. "Our status as a vetted contractor means customers can reduce costs and labor associated with time-consuming vetting and sourcing processes. By securing this award, we support efficient project execution, and we are eager to serve the aviation industry with the specialized skills and solutions they require."
The contract has a $7.4 billion ceiling across eight functional areas and provides a full spectrum of technical, engineering, scientific, administrative and other professional services in support of the FAA. ONEIDOS is qualified to deliver client services and solutions to the FAA in four out of the eight functional areas:
- Business Administration & Management (BAM)
- Computer/Information Systems Development (CSD)
- Computer Systems Support (CSS)
- Documentation & Training (D&T)
The MOA period of performance is July 25, 2022, through September 30, 2024. Since Fiscal Year 2010, the eFAST program has awarded more than $4.4 billion in contracts to small businesses.
ONEIL and EIDOS are part of the Mentor-Protégé program through the SBA . The program is designed to motivate and encourage large business prime contractor firms to provide mutually beneficial developmental assistance to small businesses.
"The mentoring relationship we forged with ONEIL has been invaluable," says Helleni Moon, CEO of EIDOS Technologies and managing partner of ONEIDOS. "Our joint venture greatly expands our combined capabilities and facilitates strong engagement within our designated functional areas. Together, we will deliver publishing, compliance, training and technology expertise through complementary skill sets."
The ONEIDOS JV was formed in 2019 through the mentor relationship.
About ONEIL
For 75 years, ONEIL has been the most trusted resource for product support solutions to valuable equipment manufacturers. Our mission is to make equipment safer to use, faster to repair and easier to maintain. We make complex information easier to understand and apply to create a better user experience and improve business advantage for the Department of Defense, aerospace and commercial industries. Our essential work extends the life of valuable, mission-critical equipment and improves the human experience.
For more information about ONEIL solutions, visit http://www.oneil.com or follow us on LinkedIn.
Media Contact
Andrea Stamas, O'Neil & Associates, 9375303872, [email protected]
Stephanie Llorente, O'Neil & Associates, 9375303872, [email protected]
SOURCE O'Neil & Associates
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