ONEIL Joint Venture Named to $7.4 Billion FAA eFAST Contract
Miamisburg, OHIO, Aug. 4, 2022 – 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.
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 SBA Mentor-Protégé program. The program is designed to motivate and encourage large business prime contractor firms to provide mutually beneficial developmental assistance to small businesses.
The ONEIDOS JV was formed in 2019 through the mentor relationship.
View the full press release here: https://www.oneil.com/oneil-joint-venture-named-to-7-4-billion-faa-efast-contract/