For those who are interested: Isentia appear to have significantly broadened the scope of two existing Federal Government contracts over the past few days.
Contract ID: CN3609840-A1
Agency: Department of Health
Amended contract Value: $1,705,918.05
Original contract value: $1,395,000.00
Amendment Start Date: 7 Jul 2020
Amendment Publish Date: 09 Jul 2020
Contract Period: 1 Jul 2019 to 30 Jun 2021
Contract ID: CN3438831-A2
Agency: Department of Parliamentary Services
Amended contract Value: $1,550,832.29
Original contract value: $1,144,836.51 (after one previous amendment)
Amendment Start Date: 29 May 2020
Amendment Publish Date: 8 Jul 2020
Contract Period: 1 Jul 2017 to 30 Jun 2021
Source: tenders.gov.au
The aggregate ~$0.7m contribution to FY21 revenue from these two contract amendments is not negligible, in the context of a Federal Government business that (by my estimates) has generated $11.5-12.0m of total revenue for the Company in FY20.
It is good to see that, while the environment for new Federal Government contracts remains very competitive, Isentia are acting to protect their profitability in that space by upselling to existing customers as well.
For those who are interested: Isentia appear to have...
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