On Feb. 11, 2014, the U.S. Agency for International Development awarded a contract to provide technical monitoring and evaluation services in Bangladesh to U.S.-based development consulting firm International Business and Technical Consultants, Inc. The official title of the project and contract is Accelerating Capacity Monitoring and Evaluation or ACME.
The ACME contract was set aside for small businesses with an estimated cost range of between $11 million and $12.5 million over a 4-year period. It is a Cost-Plus-Fixed-Fee completion-type contract, meaning IBTCI and other bidders were required to propose a fixed fee for meeting the program objectives and delivering an end product. The proposed fee may be adjusted as a result of changes in the work to be performed under the contract.