Treasury's $136K Minitab Software Maintenance Contract Awarded to Four LLC Under Full and Open Competition
Contract Overview
Contract Amount: $136,319 ($136.3K)
Contractor: Four LLC
Awarding Agency: Department of the Treasury
Start Date: 2023-04-01
End Date: 2027-03-31
Contract Duration: 1,460 days
Daily Burn Rate: $93/day
Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Number of Offers Received: 4
Pricing Type: FIRM FIXED PRICE
Sector: IT
Official Description: MINITAB SOFTWARE MAINTENANCE. THIS MAINTENANCE IS REQUIRED FOR PATCHES, UPDATES, AND SUPPORT.
Place of Performance
Location: HERNDON, FAIRFAX County, VIRGINIA, 20171
State: Virginia Government Spending
Plain-Language Summary
Department of the Treasury obligated $136,319.4 to FOUR LLC for work described as: MINITAB SOFTWARE MAINTENANCE. THIS MAINTENANCE IS REQUIRED FOR PATCHES, UPDATES, AND SUPPORT. Key points: 1. The contract is for essential software maintenance, including patches, updates, and support for Minitab software. 2. Awarded to Four LLC, the contract was secured through full and open competition after exclusion of sources. 3. The total value is $136,319.40 over a period of approximately four years. 4. The contract falls under the 'Other Computer Related Services' NAICS code (541519).
Value Assessment
Rating: good
The pricing appears reasonable given the nature of software maintenance, which typically involves recurring costs for essential support and updates. Benchmarking against similar software maintenance contracts would provide a more definitive assessment.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded using full and open competition after exclusion of sources, indicating a competitive bidding process. This method generally promotes price discovery and ensures fair market value.
Taxpayer Impact: The competitive nature of the award suggests that taxpayers are likely receiving a fair price for the required software maintenance services.
Public Impact
Ensures continued access to critical software updates and technical support for government operations. Supports the Office of the Comptroller of the Currency's mission by providing necessary tools. The use of full and open competition promotes fairness and potentially lower costs for taxpayers.
Waste & Efficiency Indicators
Waste Risk Score: 93 / 10
Positive Signals
- Full and open competition utilized
- Essential software maintenance secured
- Clear contract duration and pricing structure
Sector Analysis
This contract falls within the IT services sector, specifically 'Other Computer Related Services'. Spending in this area is substantial across government, with maintenance contracts being a common component to ensure operational continuity of software assets.
Small Business Impact
The data indicates that the awardee is Four LLC. There is no specific information provided regarding small business participation or subcontracting goals within this contract.
Oversight & Accountability
The contract was awarded by the Department of the Treasury's Office of the Comptroller of the Currency. Standard oversight mechanisms for federal contracts would apply, ensuring compliance with terms and conditions.
Related Government Programs
- Other Computer Related Services
- Department of the Treasury Contracting
- Office of the Comptroller of the Currency Programs
Risk Flags
- Potential vendor lock-in
- Dependency on vendor's long-term viability
- Future price increase risk
Tags
other-computer-related-services, department-of-the-treasury, va, delivery-order, 100k-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of the Treasury awarded $136,319.4 to FOUR LLC. MINITAB SOFTWARE MAINTENANCE. THIS MAINTENANCE IS REQUIRED FOR PATCHES, UPDATES, AND SUPPORT.
Who is the contractor on this award?
The obligated recipient is FOUR 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 $136,319.4.
What is the period of performance?
Start: 2023-04-01. End: 2027-03-31.
What is the specific Minitab software being maintained and its criticality to the agency's operations?
The provided data does not specify the exact Minitab software product. However, as it is described as 'required for patches, updates, and support,' it implies a critical role in the agency's workflow. Understanding the specific software and its function would allow for a better assessment of the value and potential risks associated with its maintenance.
Are there any potential risks associated with relying on a single vendor for Minitab software maintenance, even with competitive bidding?
While the contract was awarded competitively, reliance on a single vendor for specialized software maintenance can pose risks. These include potential vendor lock-in, future price increases not fully captured by initial competition, and dependency on the vendor's long-term viability and support capabilities. Continuous market monitoring is advisable.
How does the annual cost of this maintenance contract compare to the overall IT budget or similar software maintenance expenditures within the agency?
The annual cost for this Minitab software maintenance is approximately $34,080. Without access to the agency's total IT budget or data on other software maintenance contracts, a direct comparison is difficult. However, for specialized software, this amount may represent a reasonable investment for ensuring operational continuity and access to necessary updates.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Other Computer Related Services
Product/Service Code: IT AND TELECOM - INFORMATION TECHNOLOGY AND TELECOMMUNICATIONS › IT AND TELECOM - APLLICATIONS
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Solicitation ID: 2031JW23Q00055
Offers Received: 4
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 2303 DULLES STATION BLVD STE 105, HERNDON, VA, 20171
Business Categories: Category Business, Limited Liability Corporation, Partnership or Limited Liability Partnership, Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $136,319
Exercised Options: $136,319
Current Obligation: $136,319
Actual Outlays: $94,799
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: NNG15SC73B
IDV Type: GWAC
Timeline
Start Date: 2023-04-01
Current End Date: 2027-03-31
Potential End Date: 2027-03-31 00:00:00
Last Modified: 2026-04-09
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