Treasury's IRS awards $2.46M contract for EOPF Issue Document Resolution to Rividium Inc

Contract Overview

Contract Amount: $2,458,217 ($2.5M)

Contractor: Rividium Inc.

Awarding Agency: Department of the Treasury

Start Date: 2024-09-23

End Date: 2026-06-30

Contract Duration: 645 days

Daily Burn Rate: $3.8K/day

Competition Type: NOT AVAILABLE FOR COMPETITION

Number of Offers Received: 1

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: ELECTRONIC OFFICIAL PERSONNEL FOLDER (EOPF) ISSUE DOCUMENT RESOLUTION

Place of Performance

Location: VIENNA, FAIRFAX County, VIRGINIA, 22182

State: Virginia Government Spending

Plain-Language Summary

Department of the Treasury obligated $2.5 million to RIVIDIUM INC. for work described as: ELECTRONIC OFFICIAL PERSONNEL FOLDER (EOPF) ISSUE DOCUMENT RESOLUTION Key points: 1. Contract awarded to Rividium Inc. for $2.46 million. 2. Service category is Human Resources Consulting Services. 3. Contract duration is 645 days. 4. Awarded as a definitive contract with a firm fixed price. 5. No indication of small business participation.

Value Assessment

Rating: fair

The contract value of $2.46 million for HR consulting services is within a typical range for specialized support. However, without specific details on deliverables or comparable contract data for EOPF issue resolution, a precise pricing assessment is difficult.

Cost Per Unit: N/A

Competition Analysis

Competition Level: limited

The contract was not available for competition, suggesting a limited source selection. This approach may impact price discovery and potentially lead to higher costs compared to a competitive bidding process.

Taxpayer Impact: Taxpayer funds are being used for this contract. The lack of competition raises concerns about whether the best possible price was achieved, impacting overall value for taxpayers.

Public Impact

Ensures efficient resolution of issues within the Electronic Official Personnel Folder system. Supports the Internal Revenue Service's HR operations and personnel management. Potential impact on employee data accuracy and accessibility.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Lack of competition
No small business participation indicated

Positive Signals

Firm fixed price contract
Clear contract duration

Sector Analysis

This contract falls under Human Resources Consulting Services, a segment of the professional services sector. Spending in this area often supports government efficiency and compliance. Benchmarks for similar HR consulting contracts vary widely based on scope and duration.

Small Business Impact

The data indicates that this contract was not awarded to a small business, and there is no indication of subcontracting opportunities for small businesses. Further analysis would be needed to determine if small businesses could have provided these services.

Oversight & Accountability

The award is a definitive contract, suggesting it has undergone some level of review. However, the limited competition aspect warrants further oversight to ensure accountability and value for taxpayer money.

Related Government Programs

Human Resources Consulting Services
Department of the Treasury Contracting
Internal Revenue Service Programs

Risk Flags

Limited competition may lead to higher costs.
Lack of transparency in the selection process.
Potential for vendor lock-in.
No clear indication of small business utilization.

Frequently Asked Questions

What is this federal contract paying for?

Department of the Treasury awarded $2.5 million to RIVIDIUM INC.. ELECTRONIC OFFICIAL PERSONNEL FOLDER (EOPF) ISSUE DOCUMENT RESOLUTION

Who is the contractor on this award?

The obligated recipient is RIVIDIUM INC..

Which agency awarded this contract?

Awarding agency: Department of the Treasury (Internal Revenue Service).

What is the total obligated amount?

The obligated amount is $2.5 million.

What is the period of performance?

Start: 2024-09-23. End: 2026-06-30.

What specific EOPF issues does this contract aim to resolve, and what are the expected improvements in efficiency or accuracy?

The contract focuses on resolving issues within the Electronic Official Personnel Folder (EOPF) system. While specific issue types are not detailed, the objective is likely to streamline HR processes, improve data integrity, and ensure compliance with personnel record-keeping regulations. Expected improvements would include faster resolution times, reduced errors, and enhanced accessibility of personnel information for authorized users.

Given the limited competition, what steps were taken to ensure the price is fair and reasonable for the services provided?

When competition is limited, agencies typically rely on techniques like historical price analysis, comparison to similar government contracts, or independent government cost estimates to determine price reasonableness. The contracting officer would have likely performed one or more of these analyses to justify the negotiated price with Rividium Inc. without a competitive bidding process.

How will the effectiveness of Rividium Inc.'s performance be measured, and what are the key performance indicators (KPIs) for this contract?

Contract effectiveness is typically measured against predefined Key Performance Indicators (KPIs) outlined in the contract's Performance Work Statement (PWS). For this contract, KPIs might include metrics such as the average time to resolve EOPF issues, the accuracy rate of resolutions, user satisfaction scores, and compliance with data security protocols. Regular performance reviews would assess Rividium Inc.'s adherence to these KPIs.

Industry Classification

NAICS: Professional, Scientific, and Technical Services › Management, Scientific, and Technical Consulting Services › Human Resources Consulting Services

Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › ADMINISTRATIVE SUPPORT SERVICES

Competition & Pricing

Extent Competed: NOT AVAILABLE FOR COMPETITION

Solicitation Procedures: ONLY ONE SOURCE

Offers Received: 1

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 1951 KIDWELL DR, VIENNA, VA, 22182

Business Categories: 8(a) Program Participant, Category Business, Corporate Entity Not Tax Exempt, Hispanic American Owned Business, Minority Owned Business, Self-Certified Small Disadvantaged Business, Service Disabled Veteran Owned Business, Small Business, Special Designations, Subchapter S Corporation, U.S.-Owned Business, Veteran Owned Business

Financial Breakdown

Contract Ceiling: $2,844,037

Exercised Options: $2,458,217

Current Obligation: $2,458,217

Actual Outlays: $2,217,761

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Cost or Pricing Data: NO

Timeline