D -- Networx Enterprise Minimum Revenue Guarantee Announcement
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The Minimum Revenue Guarantee (MRG) for the Networx Enterprise acquisition has been increased from $25 million to $50 million. This revised $50 million total will be distributed equally among the Enterprise awardees, ensuring a higher collective revenue commitment under the contract. The contract pertains to the General Services Administration (GSA) and is managed by the GSA/FAS Center for IT Schedule Program, operating under the NAICS code 517110. The solicitation, identified by the reference number TQC-JTB-05-0002-A, was posted on February 25, 2005. The contract is overseen from the GSA office in Washington, DC, with John T Braun serving as the contracting officer. This adjustment in the revenue guarantee reflects a significant increase in the expected financial commitments for the Enterprise awardees involved in the Networx procurement.
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