Stafford, VA (Octobe 04, 2023)- Trewon Technologies is honored to receive the National Science Foundation (NSF) Basic Academic Research Price Index contract.
The National Science Foundation (NSF) Office of Budget, Finance, and Award Management (BFA) will develop a specialized price index for NSF. This index will provide an annual measure of how much NSF expenditures would need to increase in order to maintain the level of funded research activity from the previous year, disregarding efficiency gains or changes in government priorities. The primary goal would be to provide the best indication of inflation (or deflation) conditions that NSF budgeted activities will experience in the future based on historical experiences for any completed fiscal year.
“We are grateful that the NSF selected us as a trusted partner to assist with this important project. We have supported the National Science Foundation and their mission of promoting the progress of science by investing in research to expand knowledge in science, engineering, and education since 2020 with projects, we are beyond thrilled that our presence is flourishing within the foundation thanks to our amazing team and the quality service they continue to provide our clients with” said Saumil Shah, President of Trewon.
“Trewon is honored and excited to support NSF with this important work. This price index will help NSF address the erosion of buying power in NSF-funded awards and provide transparency to the OMB and Congress regarding future price changes distinct from general inflation, This is such an important work in current hyper inflated economy.” said Som Saadat, Trewon’s newly appointed Chief Executive Officer.
About Us Section:
Trewon Technologies is an 8(a), HUBZone certified, Economically Disadvantaged Woman Owned Small Business (EDWOSB) which provides information technology and research and evaluation services and solutions. Founded in 2010, we are uniquely positioned to address complex IT problems through innovative approaches that integrate automation with cybersecurity. Trewon is also CMMI L3 SVC/DEV, ISSO 9001, ISSO 2000 and ISO 27001 appraised.
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