Treasury's OCC Awards $36.7M Relocation Services Contract to BGRS, Highlighting Firm Fixed Price Structure
Contract Overview
Contract Amount: $36,725,988 ($36.7M)
Contractor: Bgrs Relocation Inc
Awarding Agency: Department of the Treasury
Start Date: 2021-04-01
End Date: 2026-04-30
Contract Duration: 1,855 days
Daily Burn Rate: $19.8K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 3
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: RELOCATION AND MOVING SERVICES
Place of Performance
Location: SCOTTSDALE, MARICOPA County, ARIZONA, 85254
State: Arizona Government Spending
Plain-Language Summary
Department of the Treasury obligated $36.7 million to BGRS RELOCATION INC for work described as: RELOCATION AND MOVING SERVICES Key points: 1. The contract, valued at $36.7 million, is for relocation and moving services. 2. BGRS Relocation Inc. is the sole awardee under a full and open competition. 3. The contract spans over 4 years, indicating a significant, long-term need. 4. The firm fixed price contract type suggests predictable costs for the government.
Value Assessment
Rating: good
The contract's firm fixed price structure provides cost certainty. Benchmarking against similar relocation service contracts would be beneficial to confirm optimal pricing.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, allowing multiple vendors to bid. This method generally promotes competitive pricing and ensures the government receives the best value.
Taxpayer Impact: The firm fixed price contract aims to control costs, ensuring taxpayer funds are used efficiently for essential relocation services.
Public Impact
Supports federal employees with relocation needs, facilitating workforce mobility. Ensures continuity of operations by enabling timely employee moves. Provides essential services that contribute to employee morale and retention.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of specific performance metrics in the provided data.
- Potential for price increases in future contract modifications.
- Dependence on a single vendor for critical relocation services.
Positive Signals
- Awarded through full and open competition.
- Firm fixed price contract type offers cost predictability.
- Long-term contract duration suggests a stable, ongoing requirement.
Sector Analysis
Relocation services are crucial for government agencies to manage employee transfers and maintain operational readiness. Spending in this sector is often tied to workforce dynamics and agency needs.
Small Business Impact
The provided data does not indicate if small businesses were involved in this contract, either as prime contractors or subcontractors.
Oversight & Accountability
The contract's duration and value suggest it is subject to standard federal procurement oversight. Further review of performance reports and audits would be necessary to assess accountability.
Related Government Programs
- Other Activities Related to Real Estate
- Department of the Treasury Contracting
- Office of the Comptroller of the Currency Programs
Risk Flags
- Potential for vendor lock-in due to specialized services.
- Risk of scope creep if relocation needs expand beyond initial estimates.
- Dependence on a single awardee for a critical function.
- Limited visibility into specific performance metrics from provided data.
Tags
other-activities-related-to-real-estate, department-of-the-treasury, az, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of the Treasury awarded $36.7 million to BGRS RELOCATION INC. RELOCATION AND MOVING SERVICES
Who is the contractor on this award?
The obligated recipient is BGRS RELOCATION INC.
Which agency awarded this contract?
Awarding agency: Department of the Treasury (Office of the Comptroller of the Currency).
What is the total obligated amount?
The obligated amount is $36.7 million.
What is the period of performance?
Start: 2021-04-01. End: 2026-04-30.
What is the average cost per employee relocation under this contract?
The provided data does not specify the number of employees being relocated or the average cost per relocation. The total contract value is $36.7 million over approximately 4 years. To determine the per-employee cost, the number of anticipated relocations would be needed, along with a breakdown of services included in the price.
What are the key performance indicators (KPIs) for BGRS Relocation Inc. under this contract?
The provided data does not detail the specific Key Performance Indicators (KPIs) established for this contract. Typically, relocation service contracts include metrics related to timeliness of service, customer satisfaction, adherence to budget, and compliance with relocation policies. These KPIs are crucial for assessing vendor performance and ensuring value for taxpayer money.
How does the pricing structure compare to industry benchmarks for similar relocation services?
The contract utilizes a firm fixed price structure, which is common and generally beneficial for cost control. Without specific service details and volumes, a direct benchmark comparison is difficult. However, the full and open competition method suggests that the pricing was vetted against market rates, aiming for competitive value.
Industry Classification
NAICS: Real Estate and Rental and Leasing › Activities Related to Real Estate › Other Activities Related to Real Estate
Product/Service Code: TRANSPORT, TRAVEL, RELOCATION › RELOCATION OR TRAVEL AGENT SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Solicitation ID: 2031JW20Q00094
Offers Received: 3
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 1 PARKVIEW PLZ STE 400, OAKBROOK TERRACE, IL, 60181
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $43,286,227
Exercised Options: $36,725,988
Current Obligation: $36,725,988
Actual Outlays: $15,196,262
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: GS33F001HA
IDV Type: FSS
Timeline
Start Date: 2021-04-01
Current End Date: 2026-04-30
Potential End Date: 2026-04-30 00:00:00
Last Modified: 2026-03-27
More Contracts from Bgrs Relocation Inc
- Other Functions = Inherently Governmental Rating Relocation Services — $73.4M (Department of the Treasury)
- Relocation Services — $63.3M (Department of Justice)
- Management Support Services — $61.0M (Department of Justice)
- 10 Funding 0200 for Relocation Services — $53.3M (Department of Justice)
- OCC Employee Relocation Services — $41.9M (Department of the Treasury)
Other Department of the Treasury Contracts
- Advertising Services — $636.5M (True North Communications Inc)
- Cade 2 Ltis3 Covid-19 — $383.8M (Deloitte Consulting LLP)
- Establish a Broad Networking and Telecommunications Service Environment to Meet ITS Network Services (wide Area and Local Area Network), Voice Telecommunications Services, Audio/Video/Web Conferencing, and Cyber Requirements — $320.2M (AT&T Enterprises, LLC)
- THE Internal Revenue Service (IRS), Office of Information Technology Office, Issues This Order Under GSA Alliant 2 (unrestricted). Enterprise Case Management (ECM) Solution Integration Services — $305.5M (Booz Allen Hamilton Inc)
- THE Tfcceis Task Order IS to Transition the Existing Tfcc Services From the Networx Contract Onto the EIS Contract Vehicle in a Manner That Will Enable Continuity of an Enterprise Network of Toll Free Services for the IRS — $264.6M (Verizon Business Network Services LLC)