Federal Professional Services Contracts — October 15, 2026

The largest award in the set is a GSA FAS cost-plus-fixed-fee delivery order running 2025-09-29 to 2027-09-29 against a $70,408,101 base-plus-options value, so option exercises could lift obligations materially. Deloitte is not publicly traded, so the signal's investability depends on the partnership's disclosed economics, which the data does not provide.

The Interior delivery order is described as 'DOD ARMY ASACS PROGRAM SUPPORT' despite a Department of the Interior award, and the order is rated high pricing risk with roughly $3.5M of obligation remaining through 2026-12-29. Until the mismatch is reconciled, the contract's program scope and funding source cannot be confirmed for Magellan Health.

4M Research's $9,870,938 firm-fixed-price BPA call has $9,122,086 outlayed and ends 2026-11-14, leaving limited remaining revenue and a near-term recompete need. The small, women-owned Huntsville firm's follow-on position is therefore the key variable, though the firm is not publicly traded.

The one-year Time and Materials order supports Medicare Shared Savings Program ACO analysis from 2026-09-01 to 2027-08-31, indicating continued federal value-based care spending, but RTI is a nonprofit with no investable parent. Outlay activity is the first observable test.

A 2023 cost-plus-fixed-fee GSA FAS order for PM MC product support at Aberdeen Proving Ground has $28.7M in ceiling value, but outlays remain at $0 and the parent-company status is not established in the data.

Outlays are $0 on three of the five largest awards (Deloitte $50.1M, RTI $21.6M, Envision $12.6M), so obligations have not yet converted to recognized activity.

Magellan Federal's Interior order references DOD Army ASACS program support, a scope and agency inconsistency that could indicate misattributed funding or a data error.

The data provides no agency budget trend information for GSA, HHS/CMS, Interior, or NASA, so the durability of these civilian awards against appropriations cycles cannot be assessed; Continuing Resolution exposure is not specified for this period.

The $104.6M set is dominated by one award: Deloitte's $50.1M order represents about 48% of total obligation, so a single modification or protest would materially shift the set's aggregate value.

All five awards were full and open with no set-aside, and competition signals are recorded as unknown, so incumbency and recompete positioning cannot be assessed.

Deloitte's GSA FAS order has roughly $20.3M of unobligated ceiling that could expand the existing management consulting relationship.

RTI's HHS/CMS ACO analysis order carries a small $389,581 gap between obligated and full options value, with follow-on demand tied to the Medicare Shared Savings Program.

The 4M Research NASA IV&V work at Marshall rests on local Huntsville engineering capacity, which could position the firm for a follow-on award if the agency pursues continuity.

All five awards fall under NAICS 541611 or 541330 with zero defense-related records, pointing to steady civilian agency demand for consulting and engineering support across GSA, HHS/CMS, Interior, and NASA.

Three of the five largest contracts show $0 outlayed, indicating that obligation headlines overstate near-term revenue for these recipients.

{"entity" => "Magellan Health, Inc. (via Magellan Federal)", "reason" => "Interior order of $10,409,044 carries a DOD Army scope description inconsistent with the awarding agency and is rated high pricing risk.", "trigger" => "Reconciliation of program scope and awarding office before the 2026-12-29 end date"}

{"entity" => "4M Research, Inc", "reason" => "$9,122,086 of $9,870,938 already outlaid with the contract ending 2026-11-14, so follow-on positioning determines future revenue.", "trigger" => "NASA Marshall IV&V recompete or follow-on solicitation announcement before 2026-11-14"}

{"entity" => "Deloitte Consulting LLP", "reason" => "$20.3M of the $70.4M ceiling remains unobligated on a GSA FAS order that had $0 outlayed at reporting.", "trigger" => "GSA option exercise notice or first outlay reporting after the 2025-09-30 start"}

{"entity" => "Federal civilian consulting sector", "reason" => "All five awards are civilian with no defense exposure, making the set's signals sensitive to civilian appropriations rather than NDAA priorities.", "trigger" => "FY2027 appropriations resolution or any continuing resolution affecting GSA, HHS, Interior, and NASA"}