BOEM Awards $7.6M Contract to TEKSYNAP for Data Management Services

Contract Overview

Contract Amount: $7,626,719 ($7.6M)

Contractor: Teksynap Corporation

Awarding Agency: Department of the Interior

Start Date: 2022-11-07

End Date: 2026-04-30

Contract Duration: 1,270 days

Daily Burn Rate: $6.0K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 2

Pricing Type: FIRM FIXED PRICE

Sector: IT

Official Description: BOEM DATA AND INFORMATION MANAGEMENT

Place of Performance

Location: RESTON, FAIRFAX County, VIRGINIA, 20190

State: Virginia Government Spending

Plain-Language Summary

Department of the Interior obligated $7.6 million to TEKSYNAP CORPORATION for work described as: BOEM DATA AND INFORMATION MANAGEMENT Key points: 1. Contract awarded to TEKSYNAP CORPORATION for data and information management. 2. Services fall under Computer Systems Design, a common IT sector. 3. Full and open competition was utilized, suggesting a competitive bidding process. 4. The contract duration is 1270 days, ending April 30, 2026.

Value Assessment

Rating: fair

The contract value of $7.6M over approximately 3.5 years averages to about $2.17M annually. Benchmarking against similar IT services contracts requires more granular data on specific services provided.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, indicating multiple vendors had the opportunity to bid. This method generally promotes competitive pricing and value for the government.

Taxpayer Impact: The use of full and open competition aims to ensure taxpayer funds are used efficiently by securing competitive pricing for necessary services.

Public Impact

Ensures continued operation of critical data management systems for the Bureau of Ocean Energy Management. Supports the agency's mission in overseeing offshore energy resources. Provides stable employment for TEKSYNAP CORPORATION employees involved in the contract.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Positive Signals

Sector Analysis

This contract falls within the Information Technology sector, specifically computer systems design services. Spending in this area is substantial across federal agencies, supporting a wide range of digital infrastructure and operations.

Small Business Impact

The data does not indicate whether small businesses were involved as subcontractors. Further analysis would be needed to determine the extent of small business participation.

Oversight & Accountability

The contract is managed by the Department of the Interior's Bureau of Ocean Energy Management. Standard federal procurement oversight processes would apply, including contract performance monitoring.

Related Government Programs

Risk Flags

Tags

computer-systems-design-services, department-of-the-interior, va, delivery-order, 1m-plus

Frequently Asked Questions

What is this federal contract paying for?

Department of the Interior awarded $7.6 million to TEKSYNAP CORPORATION. BOEM DATA AND INFORMATION MANAGEMENT

Who is the contractor on this award?

The obligated recipient is TEKSYNAP CORPORATION.

Which agency awarded this contract?

Awarding agency: Department of the Interior (Bureau of Ocean Energy Management).

What is the total obligated amount?

The obligated amount is $7.6 million.

What is the period of performance?

Start: 2022-11-07. End: 2026-04-30.

What specific data and information management services are included in this contract?

The provided data identifies the contract as being for 'DATA AND INFORMATION MANAGEMENT' under NAICS code '541512' (Computer Systems Design Services). However, the specific deliverables, technical requirements, and scope of work are not detailed. A thorough review of the contract's statement of work would be necessary to understand the precise services being procured.

How does the awarded price compare to market rates for similar data management services?

Without detailed specifications of the services rendered, a direct market rate comparison is challenging. The contract value of $7.6M over approximately 3.5 years suggests an average annual cost of roughly $2.17M. Benchmarking would require comparing this to contracts for similar scope, complexity, and duration within the federal or commercial sectors.

What are the key performance indicators (KPIs) for this contract to ensure effectiveness?

The provided data does not specify the key performance indicators (KPIs) or service level agreements (SLAs) established for this contract. Effective oversight would necessitate clearly defined metrics related to system uptime, data integrity, response times, and user satisfaction to ensure TEKSYNAP CORPORATION is meeting the Bureau of Ocean Energy Management's needs.

Industry Classification

NAICS: Professional, Scientific, and Technical ServicesComputer Systems Design and Related ServicesComputer Systems Design Services

Product/Service Code: IT AND TELECOM - INFORMATION TECHNOLOGY AND TELECOMMUNICATIONSIT AND TELECOM - IT MANAGEMENT

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Solicitation ID: 140M0122Q0024

Offers Received: 2

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 1900 ORACLE WAY, RESTON, VA, 20190

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Minority Owned Business, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, Subchapter S Corporation, Indian (Subcontinent) American Owned Business, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $7,647,793

Exercised Options: $7,626,719

Current Obligation: $7,626,719

Actual Outlays: $7,027,094

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: 47QTCA19D00CN

IDV Type: FSS

Timeline

Start Date: 2022-11-07

Current End Date: 2026-04-30

Potential End Date: 2026-04-30 00:00:00

Last Modified: 2026-03-26

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