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All HHS Contracts — April 15, 2026

All HHS Contracts

1 total filings analysed

Executive Summary

HHS awarded a single $88,157,680 obligation delivery order to SOFTRAMS LLC under full and open competition, representing 100% civilian contracts with zero defense exposure during the April 15, 2026 period. The contract supports CMS's Quality Payment Program via custom computer programming services (NAICS 541511), with $56,978,236 already outlayed and potential expansion to $195,527,844 including options. This signals a major revenue commitment for the small HUBZone, minority-owned firm, providing ~$15-17M in estimated annual revenue over ~5.75 years. Highest-conviction bullish signal is immediate revenue recognition from high outlays on this firm fixed price award. Key watch item: option exercises toward the $195M ceiling and outlay progression versus total obligation. High pricing risk exists due to the firm fixed price structure.

Tracking the trend? Catch up on the prior All HHS Contracts digest from April 10, 2026.

Investment Signals(1)

  • SOFTRAMS LLC Wins $88,157,680 HHS CMS Delivery Order for Quality Payment Program IT(MEDIUM)

    SOFTRAMS LLC received an $88,157,680 firm fixed price delivery order (base + options $195,527,844) from HHS's Centers for Medicare and Medicaid Services on February 21, 2024, with $56,978,236 already outlayed for custom computer programming services. Full and open competition award to this small HUBZone, minority-owned business signals a durable revenue stream estimated at ~$15-17M/year.

Risk Flags(1)

  • Execution[HIGH RISK]

    High pricing risk on the $88,157,680 firm fixed price delivery order to SOFTRAMS LLC from HHS CMS, as performance pressures could impact margins without cost-plus protections.

Opportunities(1)

  • SOFTRAMS LLC has upside to $195,527,844 total ceiling on the HHS CMS delivery order via option exercises beyond the current $88,157,680 obligation.

Sector Themes(1)

  • SOFTRAMS LLC's $88,157,680 obligation (with $57M outlayed) under full and open competition for Quality Payment Program IT services (PSC DA01, NAICS 541511) underscores CMS's commitment to custom programming support through 2026-2029.

Watch List(1)

  • 👁

    {"entity"=>"SOFTRAMS LLC", "reason"=>"$88M HHS CMS obligation with $57M outlayed and $195M ceiling; track revenue pacing at ~$15-17M/year.", "trigger"=>"option exercises; obligation increases; outlay progression vs. total obligation; contract end 2026-11-11"}

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