Executive Summary
The analyzed contracts total $261,858,878 in obligations across 1 HHS award to CGI Federal Inc., representing 100% civilian activity with 0 defense-related contracts. Dominant agency is HHS's Centers for Medicare and Medicaid Services (CMS), focused on long-term IT support for the PECOS Medicare enrollment system under a 2016 firm fixed price delivery order. $112,554,296 has been outlayed to date, leaving ~$149M in remaining obligations through current end 2026-11-30 and potential 2027-02-28, equating to steady ~$23-24M annual revenue. The highest-conviction neutral signal (5/10 strength, 6/10 materiality) highlights stable government IT revenue in healthcare admin. Key risk is high pricing risk from the firm fixed price structure, with watch on option exercise to $264.3M ceiling.
Tracking the trend? Catch up on the prior All HHS Contracts digest from April 02, 2026.
Investment Signals(1)
- CGI Federal Inc. $261.9M CMS PECOS Medicare Enrollment Delivery Order(MEDIUM)▲
$261,858,878 firm fixed price order awarded 2016-02-01 under full and open competition, with $112,554,296 outlayed and remaining value signaling steady IT systems support through 2026-27.
Risk Flags(2)
- Execution[HIGH RISK]▼
High pricing risk on CGI Federal Inc.'s $261,858,878 firm fixed price delivery order from HHS CMS for PECOS system, exposing contractor to cost overruns in IT delivery.
- Competition[MEDIUM RISK]▼
Full and open competition on CGI Federal Inc.'s CMS PECOS order signals potential re-compete vulnerability post-current period.
Opportunities(1)
- ◆
Option exercise on CGI Federal Inc.'s $261.9M CMS PECOS contract to reach $264,256,333 ceiling with 64 subawards already at $40.1M.
Sector Themes(1)
- ◆
CGI Federal Inc.'s $261.9M firm fixed price delivery order for PECOS Medicare enrollment system (NAICS 541512, PSC D302) provides ongoing stable IT support, with $112.5M outlayed since 2016.
Watch List(2)
- 👁
{"entity"=>"CGI Federal Inc.", "reason"=>"~$149M remaining outlays on $261.9M CMS PECOS order plus potential $2.4M options to $264.3M ceiling.", "trigger"=>"Option exercise, performance end 2026-11-30, extension to 2027-02-28"}
- 👁
{"entity"=>"HHS CMS IT Services", "reason"=>"Single $261.9M award signals steady demand for Medicare enrollment IT under full open competition.", "trigger"=>"New task orders or re-compete post-2026"}
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