Treasury's IRS Awards $3.88M for "LIVECASE" Support Services to Magnus Management Group LLC
Contract Overview
Contract Amount: $3,882,386 ($3.9M)
Contractor: Magnus Management Group LLC
Awarding Agency: Department of the Treasury
Start Date: 2024-12-23
End Date: 2026-12-22
Contract Duration: 729 days
Daily Burn Rate: $5.3K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 8
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: INVESTIGATE "LIVECASE" SUPPORT SERVICES
Place of Performance
Location: KEARNEYSVILLE, JEFFERSON County, WEST VIRGINIA, 25430
Plain-Language Summary
Department of the Treasury obligated $3.9 million to MAGNUS MANAGEMENT GROUP LLC for work described as: INVESTIGATE "LIVECASE" SUPPORT SERVICES Key points: 1. Contract awarded via full and open competition. 2. Services fall under 'Other Scientific and Technical Consulting Services'. 3. Potential for cost savings through firm fixed-price contract. 4. Long-term contract duration of 729 days. 5. No small business participation noted.
Value Assessment
Rating: good
The contract's firm fixed-price structure suggests a clear understanding of service scope and pricing. Benchmarking against similar consulting services is recommended to ensure optimal value.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
Full and open competition was utilized, allowing multiple vendors to bid. This method generally promotes competitive pricing and ensures the government receives the best value.
Taxpayer Impact: The competitive award process aims to secure services at a fair market price, maximizing taxpayer value.
Public Impact
Supports critical IRS operations through specialized consulting. Ensures continuity of essential services. Potential impact on taxpayer services if support is inadequate.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of small business participation.
- Potential for scope creep in consulting services.
- Dependence on a single contractor for critical support.
Positive Signals
- Competitive award process.
- Firm fixed-price contract.
- Clear performance period.
Sector Analysis
The 'Other Scientific and Technical Consulting Services' (NAICS 541690) sector encompasses a broad range of specialized advisory services. Spending in this area can vary significantly based on agency needs and project complexity.
Small Business Impact
The contract data indicates no small business participation. Agencies should actively seek opportunities to include small businesses in contracting to foster economic growth and competition.
Oversight & Accountability
The contract was awarded via a delivery order under a larger contract vehicle. Oversight should focus on performance against the SOW and adherence to the firm fixed-price terms.
Related Government Programs
- Other Scientific and Technical Consulting Services
- Department of the Treasury Contracting
- Internal Revenue Service Programs
Risk Flags
- No small business participation.
- Potential for vendor lock-in.
- Reliance on a single contractor for critical support.
- Contract duration may exceed immediate needs.
Tags
other-scientific-and-technical-consultin, department-of-the-treasury, wv, delivery-order, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of the Treasury awarded $3.9 million to MAGNUS MANAGEMENT GROUP LLC. INVESTIGATE "LIVECASE" SUPPORT SERVICES
Who is the contractor on this award?
The obligated recipient is MAGNUS MANAGEMENT GROUP LLC.
Which agency awarded this contract?
Awarding agency: Department of the Treasury (Internal Revenue Service).
What is the total obligated amount?
The obligated amount is $3.9 million.
What is the period of performance?
Start: 2024-12-23. End: 2026-12-22.
How does the awarded price compare to industry benchmarks for similar "LIVECASE" support services?
A comprehensive analysis would involve comparing the $3.88 million contract value against publicly available data for similar technical consulting services. Factors like service scope, duration, and contractor experience are crucial for an accurate benchmark. Without specific service details, a precise comparison is difficult, but the firm fixed-price nature suggests a defined cost structure.
What are the primary risks associated with relying on Magnus Management Group LLC for these critical IRS support services?
Key risks include potential over-reliance on a single vendor, leading to reduced leverage in future negotiations. Performance issues or contractor failure could disrupt IRS operations. Additionally, the lack of small business involvement might indicate missed opportunities for broader economic impact and potentially less diverse solutions.
How effectively will these services contribute to the IRS's overall mission and operational efficiency?
The effectiveness hinges on the specific "LIVECASE" support functions and their alignment with IRS objectives. If these services address critical operational gaps or enhance existing processes, they will be highly effective. Regular performance reviews and outcome-based metrics are essential to ensure the services deliver tangible benefits and contribute to the IRS's mission.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Management, Scientific, and Technical Consulting Services › Other Scientific and Technical Consulting Services
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › PROFESSIONAL SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Offers Received: 8
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Parent Company: Nxtkey Corporation
Address: 49617 NAUTICAL DR, CHESTERFIELD, MI, 48047
Business Categories: Category Business, Limited Liability Corporation, Partnership or Limited Liability Partnership, Small Business, Special Designations, U.S.-Owned Business, Woman Owned Business, Women Owned Small Business
Financial Breakdown
Contract Ceiling: $5,898,465
Exercised Options: $3,882,386
Current Obligation: $3,882,386
Actual Outlays: $2,229,824
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: GS35F0103Y
IDV Type: FSS
Timeline
Start Date: 2024-12-23
Current End Date: 2026-12-22
Potential End Date: 2027-12-22 15:08:11
Last Modified: 2026-02-13
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