The engagement
A large pharmaceutical company based in New Jersey engaged RMC for consulting and advisory support related to its federal subcontracting requirements. After failing to meet its subcontracting goals for several consecutive quarters, the company was at risk of losing several substantial federal government prime contracts unless corrective action was taken.
RMC conducted an extensive analysis of the company’s subcontracting requirements based on its contract awards and previous purchases from small businesses reported in the Electronic Subcontracting Reporting System (eSRS). RMC then developed performance-based solutions to help the company meet its subcontracting requirements and improve the performance of its prime contracts. RMC also vetted qualified companies from its portfolio and recommended them for subcontracting opportunities.
The company implemented RMC’s recommended corrective actions and successfully improved its subcontracting performance, resulting in a favorable government rating for its subcontracting requirements.
These activities included:
- 1.Analyzing federal subcontracting requirements and contract awards
- 2.Reviewing small business purchasing data reported in eSRS
- 3.Developing corrective actions to improve subcontracting performance
- 4.Vetting qualified companies for subcontracting opportunities
- 5.Recommending RMC portfolio companies that matched subcontracting needs
The results achieved were as followed:
- The company implemented RMC's recommended corrective actions
- Federal subcontracting performance improved
- The company received a favorable government rating for its subcontracting requirements
- Qualified RMC portfolio companies were identified for subcontracting opportunities
Summary
RMC helped the pharmaceutical company address gaps in its federal subcontracting performance through detailed analysis, corrective recommendations, and qualified subcontractor referrals. The company implemented the recommended actions and received a favorable government rating.
Need this kind of program support?
Our program and project management team steps into active federal programs to plan, deliver, and close them out cleanly.
