Contract Deobligations Alert — October 13, 2026

Only $7,821,639 of the $21,328,521 FY26 delivery order is outlayed through the 2026-12-31 performance end, so most revenue recognition remains ahead. The 'FY26' designation and on-demand structure raise the possibility of follow-on awards, but call-offs are not guaranteed.

About 93.5% ($21,119,707) is outlayed against the $22,581,570 firm-fixed-price award, leaving roughly $1.46M, which may signal close-out. Revenue is modest and the company is not a small business, so the award reflects general market competition.

The firm-fixed-price CDC order is 84% outlayed ($18,409,011) with performance through 2026-11-10, leaving roughly $3.5M to disburse. Recipient public-company status is not established, so investability cannot be confirmed.

Perimeter Solutions' $21,328,521 retardant order carries firm-fixed-price cost-overrun risk and on-demand call-off uncertainty, with only 37% outlayed against a year-end period.

Civilian-agency awards in this alert cannot be tied to multi-year budget trends; the data lacks GSA PBS, CDC, or USDA budget context, so funding continuity is unverified.

Investability risk: two of three recipients (Digital Management LLC, Messer Construction Co) lack confirmed public listing, limiting actionable exposure from this stream.

Perimeter Solutions LP's FY26 USDA Forest Service retardant BPA may extend into subsequent fiscal years if the FY26 designation signals a recurring program.

Digital Management LLC's CDC hosting order may be extended or re-competed beyond 2026-11-10 given the ongoing application-hosting requirement.

All three contracts ($65,819,086 combined) are civilian, with zero defense-related awards, spanning GSA facilities, HHS IT hosting, and USDA wildfire logistics. This contrasts with the DOD's $400B+ annual base and offers no read-through to defense budgets.

The USDA Forest Service's $21,328,521 'On-Demand BPA' for retardant indicates a recurring, call-off-driven revenue model tied to fire season, with FY26 designation pointing to annual renewal.

{"entity" => "Perimeter Solutions LP", "reason" => "Largest actionable award in the stream at $21,328,521 with 37% outlayed; revenue depends on undisclosed call-off volumes.", "trigger" => "FY27 follow-on award or BPA renewal following the 2026-12-31 performance end"}

{"entity" => "Messer Construction Co", "reason" => "$22,581,570 GSA buildout is about 93.5% outlayed with potential extension to 2027-03-31; close-out timing affects revenue visibility.", "trigger" => "Option exercise or modification beyond the 2026-06-26 current end date"}

{"entity" => "Digital Management LLC", "reason" => "$21,908,995 CDC hosting order has roughly $3.5M unspent and an end date of 2026-11-10; public status unverified.", "trigger" => "Option exercise or recompete announcement near 2026-11-10"}