Consulting firm ICF could receive $188 million in federal funds to aid Puerto Rico government
SAN JUAN – Virginia-based consulting firm ICF Inc. may have entered into a professional services agreement with the government of Puerto Rico with funding from the Federal Emergency Management Agency (FEMA).
Under the potential agreement, the company, which has an office in Guaynabo, Puerto Rico, would provide “disaster recovery grant claims review and disaster recovery project formulation services assistance” related to hurricanes Irma and Maria to an unnamed commonwealth government “authority.”
The agreement has a contract value of up to nearly $188.9 million, “based on the exercising of options and the availability of funds,” according to a disclosure the company “furnished” to the Securities and Exchange Commission.
The contract term is for about 37 months, or through June 30, 2021, “comprising an approximate three-week base period and three one-year option periods,” the document reads. “The agreement has been executed by the parties, and approved by the Authority’s Board and others.”
After Hurricane Maria, ICF developed a Google spreadsheet as a guide to Community Development Block Grant Disaster Recovery (CDBG-DR) Federal Register notices, as well as a white paper with recommendations.
The consulting and marketing company has been on Forbes’ list of “America’s Best Management Consulting Firms” for the past three years.