Treasury's OCC Awards $9.45M for AMASS Database Support to ABACO STRATEGY, LLC
Contract Overview
Contract Amount: $9,449,911 ($9.4M)
Contractor: Abaco Strategy, LLC
Awarding Agency: Department of the Treasury
Start Date: 2021-12-01
End Date: 2026-11-30
Contract Duration: 1,825 days
Daily Burn Rate: $5.2K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 4
Pricing Type: LABOR HOURS
Sector: IT
Official Description: AMASS DATABASE ADMINISTRATION SUPPORT SERVICES.
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20219
Plain-Language Summary
Department of the Treasury obligated $9.4 million to ABACO STRATEGY, LLC for work described as: AMASS DATABASE ADMINISTRATION SUPPORT SERVICES. Key points: 1. Contract awarded to ABACO STRATEGY, LLC for database administration support. 2. The contract value is $9.45 million over 5 years. 3. Competition type is 'FULL AND OPEN COMPETITION'. 4. The NAICS code is 541611 for Administrative Management and General Management Consulting Services. 5. The contract is a delivery order.
Value Assessment
Rating: fair
The contract value of $9.45 million over 5 years for database administration support appears reasonable given the duration and scope. Benchmarking against similar contracts for specialized IT support services would provide a clearer picture of value.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, suggesting a robust price discovery process. This method typically leads to more competitive pricing by allowing all eligible vendors to bid.
Taxpayer Impact: The use of full and open competition aims to ensure taxpayer funds are used efficiently by securing the best value through a competitive bidding process.
Public Impact
Ensures continuity of critical database administration services for the Office of the Comptroller of the Currency. Supports the operational integrity and security of financial data managed by the OCC. Potential impact on financial sector stability through reliable data management.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of specific performance metrics in provided data.
- Potential for cost overruns if scope expands beyond initial estimates.
- Dependence on a single vendor for critical database functions.
Positive Signals
- Awarded through full and open competition.
- Long-term contract provides stability for essential services.
- Supports a key financial regulatory agency.
Sector Analysis
The IT services sector, particularly database administration and management consulting, is crucial for government operations. Spending benchmarks vary widely based on complexity, security requirements, and vendor expertise. This contract falls within the administrative management and general management consulting services category.
Small Business Impact
The provided data indicates that this contract was not awarded to a small business (ss: false, sb: false). Further analysis would be needed to determine if small business participation was sought through subcontracting opportunities.
Oversight & Accountability
Oversight of this contract would involve monitoring ABACO STRATEGY, LLC's performance against contract requirements and ensuring adherence to terms and conditions. The Office of the Comptroller of the Currency is responsible for this oversight.
Related Government Programs
- Administrative Management and General Management Consulting Services
- Department of the Treasury Contracting
- Office of the Comptroller of the Currency Programs
Risk Flags
- Lack of detailed performance metrics.
- Potential for scope creep impacting budget.
- Dependence on a single vendor for critical IT infrastructure.
- Limited information on specific services provided.
Tags
administrative-management-and-general-ma, department-of-the-treasury, dc, delivery-order, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of the Treasury awarded $9.4 million to ABACO STRATEGY, LLC. AMASS DATABASE ADMINISTRATION SUPPORT SERVICES.
Who is the contractor on this award?
The obligated recipient is ABACO STRATEGY, LLC.
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 $9.4 million.
What is the period of performance?
Start: 2021-12-01. End: 2026-11-30.
What specific database systems and functionalities are covered under this support contract?
The provided data does not specify the exact database systems (e.g., Oracle, SQL Server, etc.) or the detailed functionalities (e.g., maintenance, security patching, performance tuning, backup and recovery, user management) included in the AMASS Database Administration Support Services. A thorough review of the contract statement of work would be necessary to ascertain these details.
What are the key performance indicators (KPIs) used to measure the success of ABACO STRATEGY, LLC's performance?
The available data does not list specific Key Performance Indicators (KPIs) for this contract. Effective oversight would require defined metrics related to system uptime, response times for support requests, data integrity, and security compliance. The absence of explicit KPIs in the summary data raises a potential risk regarding objective performance evaluation.
How does the pricing structure (labor hours) compare to industry standards for similar database administration support?
The contract is based on 'LABOR HOURS', which means costs are tied to the time spent by personnel. Without specific details on the labor categories, rates, and the estimated hours, a direct comparison to industry standards is difficult. However, the total contract value of $9.45 million over five years suggests a significant engagement, and the 'fair' rating implies it's within a reasonable range, but a detailed rate analysis is needed for definitive benchmarking.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Management, Scientific, and Technical Consulting Services › Administrative Management and General Management Consulting Services
Product/Service Code: IT AND TELECOM - INFORMATION TECHNOLOGY AND TELECOMMUNICATIONS › IT AND TELECOM - PLATFORM
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Solicitation ID: 2031JW21Q00099
Offers Received: 4
Pricing Type: LABOR HOURS (Z)
Evaluated Preference: NONE
Contractor Details
Address: 107 HARRISON ST NE, LEESBURG, VA, 20176
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Economically Disadvantaged Women Owned Small Business, Hispanic American Owned Business, HUBZone Firm, Limited Liability Corporation, Minority Owned Business, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, U.S.-Owned Business, Woman Owned Business, Women Owned Small Business
Financial Breakdown
Contract Ceiling: $9,868,005
Exercised Options: $9,760,278
Current Obligation: $9,449,911
Actual Outlays: $7,640,463
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: 47QRAA18D007R
IDV Type: FSS
Timeline
Start Date: 2021-12-01
Current End Date: 2026-11-30
Potential End Date: 2026-11-30 00:00:00
Last Modified: 2026-03-27
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