Goldbelt Wins Position on Army Human Resources IDIQ Contract
Goldbelt, Inc. was one of eight companies selected by the United States Army to submit bids under the Human Resources Solutions – Personnel Lifecycle Support (HRS-PLS) contract. Goldbelt submitted a proposal under this contract over two years ago, to fierce competition. The award was made as a “full and open” proposal without minority SBA 8(a) status, in a first for Goldbelt, as Goldbelt Glacier, LLC competed as a large business with the likes of Deloitte, Booz Allen, and other sophisticated government contracting companies.
“We are excited to be recognized as a premier service and products provider by our clients,” said Goldbelt President and CEO Chuck Wimberly. “This has the potential to be the largest contract Goldbelt has competed for in our entire operating history. We are ready to continue exceeding the expectations of our customers and growing our business.”
The HRS-PLS contract is designed to provide human resources solutions for the US Army, including common access card issuance, benefit paperwork processing, hiring civilian support staff, and more, over a performance period of five years with one five-year extension. This is an IDIQ (indefinite delivery, indefinite quantity) contract with a $6.1 billion ceiling over 10 years of work, meaning that the Army will issue task orders under the contracting vehicle for which only Goldbelt and seven other companies can compete to win. Goldbelt will add employees and expand its business depending on the amount of task orders won.
Goldbelt Glacier Health Services is the contract awardee, with others in the Goldbelt family of companies working as subcontractors including Frontier, C6, Peregrine, and Goldbelt Security, as well as other independent subcontract business partners. Goldbelt is bidding on task orders issued under the contract and estimates to grow revenue annually with an average contract award of $100 million over the life of the contract.
If Goldbelt’s bids on HRS-PLS task orders are successful, it will add money to the Alaska economy through dividends, benefits, community contributions, and increased spending power by our shareholders. Profits will boost contributions to the Goldbelt Heritage Foundation and Goldbelt Ancestral Trust and allow Goldbelt to set aside retained earnings in a conservative investment portfolio that will lead to increased future benefits for shareholders.
“Goldbelt has a solid foundation of past performance in the federal market, and winning the right to bid on HRS-PLS elevates the company to the next level of performance and expectation,” Wimberly remarked.