Treasury's OCC Renews Absolute Software for $1.08M, Migrating to FedRAMP SaaS
Contract Overview
Contract Amount: $107,572 ($107.6K)
Contractor: Government Acquisitions Inc
Awarding Agency: Department of the Treasury
Start Date: 2026-04-03
End Date: 2027-04-02
Contract Duration: 364 days
Daily Burn Rate: $296/day
Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Number of Offers Received: 5
Pricing Type: FIRM FIXED PRICE
Sector: IT
Official Description: THIS REQUISITION IS FOR THE ABSOLUTE SOFTWARE RENEWAL, INCLUDING LICENSES AND MIGRATION OF THE CURRENT NON-FEDRAMP HOSTING ENVIRONMENT TO A FEDRAMP-AUTHORIZED SAAS SOLUTION. PROSERVE TO SUPPORT MIGRATION DURING THE BASE PERIOD.
Place of Performance
Location: CINCINNATI, HAMILTON County, OHIO, 45202
State: Ohio Government Spending
Plain-Language Summary
Department of the Treasury obligated $107,571.54 to GOVERNMENT ACQUISITIONS INC for work described as: THIS REQUISITION IS FOR THE ABSOLUTE SOFTWARE RENEWAL, INCLUDING LICENSES AND MIGRATION OF THE CURRENT NON-FEDRAMP HOSTING ENVIRONMENT TO A FEDRAMP-AUTHORIZED SAAS SOLUTION. PROSERVE TO SUPPORT MIGRATION DURING THE BASE PERIOD. Key points: 1. Software renewal and migration to FedRAMP-authorized SaaS is the primary objective. 2. Competition was full and open after exclusion of sources, suggesting a competitive process. 3. The contract value is $1.08M for a one-year period. 4. The sector is IT services, specifically 'Other Computer Related Services'.
Value Assessment
Rating: good
The $1.08M price for a one-year renewal and migration appears reasonable given the scope. Benchmarking against similar enterprise software renewals and FedRAMP SaaS migrations would provide further validation.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under 'Full and Open Competition After Exclusion of Sources,' indicating that multiple vendors were considered. This method generally promotes price discovery and competitive pricing.
Taxpayer Impact: Taxpayer funds are being used for essential software renewal and modernization, aiming for improved security and efficiency through FedRAMP authorization.
Public Impact
Ensures continuity of critical software services for the Office of the Comptroller of the Currency. Enhances data security and compliance by migrating to a FedRAMP-authorized cloud solution. Supports operational efficiency through software licensing and migration services. Potential for cost savings and improved performance with a modern SaaS solution.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Potential vendor lock-in with Absolute Software.
- Migration complexity and associated risks.
- Ensuring FedRAMP compliance is maintained post-migration.
Positive Signals
- Clear objective for modernization and security.
- Competitive award process.
- Defined migration support included.
Sector Analysis
This contract falls within the IT services sector, specifically 'Other Computer Related Services.' Spending in this area is substantial across government, with a growing emphasis on cloud migration and FedRAMP compliance.
Small Business Impact
The contract was awarded to GOVERNMENT ACQUISITIONS INC, which is not indicated as a small business. There is no specific set-aside for small businesses in this award, suggesting larger prime contractors are involved.
Oversight & Accountability
The award is a delivery order under a larger contract, implying existing oversight mechanisms. The migration to a FedRAMP-authorized solution suggests adherence to federal cloud security standards.
Related Government Programs
- Other Computer Related Services
- Department of the Treasury Contracting
- Office of the Comptroller of the Currency Programs
Risk Flags
- Reliance on a single software vendor (Absolute Software).
- Complexity and potential disruption during migration.
- Ensuring long-term cost-effectiveness of SaaS model.
- Data security during and after migration.
- Vendor's continued adherence to FedRAMP standards.
Tags
other-computer-related-services, department-of-the-treasury, oh, delivery-order, 100k-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of the Treasury awarded $107,571.54 to GOVERNMENT ACQUISITIONS INC. THIS REQUISITION IS FOR THE ABSOLUTE SOFTWARE RENEWAL, INCLUDING LICENSES AND MIGRATION OF THE CURRENT NON-FEDRAMP HOSTING ENVIRONMENT TO A FEDRAMP-AUTHORIZED SAAS SOLUTION. PROSERVE TO SUPPORT MIGRATION DURING THE BASE PERIOD.
Who is the contractor on this award?
The obligated recipient is GOVERNMENT ACQUISITIONS 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 $107,571.54.
What is the period of performance?
Start: 2026-04-03. End: 2027-04-02.
What is the total cost of ownership for the Absolute Software solution over a 5-year period, including migration and ongoing subscription fees?
The current one-year renewal is $1.08M. Projecting this cost over five years, assuming no significant price increases, would be approximately $5.4M. However, this excludes potential costs associated with the initial migration, future feature enhancements, or potential price adjustments by the vendor. A detailed TCO analysis should incorporate these factors and compare them against alternative solutions.
What are the specific security risks associated with migrating from a non-FedRAMP environment to a FedRAMP-authorized SaaS solution, and how are these being mitigated?
Risks include data integrity during migration, potential misconfigurations in the new SaaS environment, and ensuring the vendor's ongoing FedRAMP compliance. Mitigation strategies likely involve rigorous data validation, phased migration, comprehensive security testing, and continuous monitoring of the SaaS environment. The contract should specify clear responsibilities for security during and after the migration.
How does the chosen FedRAMP-authorized SaaS solution compare in terms of functionality and performance to the current non-FedRAMP environment and other potential market alternatives?
The provided data focuses on the renewal and migration, not a comparative analysis of functionalities. The 'full and open competition' suggests alternatives were considered. However, the specific functional and performance benchmarks against the current system and other market options are not detailed here. A post-award review or future procurement should validate the chosen solution's superiority.
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: 2031JW26Q00050
Offers Received: 5
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 2060 READING ROAD, CINCINNATI, OH, 45202
Business Categories: Category Business, Corporate Entity Not Tax Exempt, HUBZone Firm, Small Business, Special Designations, Subchapter S Corporation, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $536,569
Exercised Options: $107,572
Current Obligation: $107,572
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: NNG15SC78B
IDV Type: GWAC
Timeline
Start Date: 2026-04-03
Current End Date: 2027-04-02
Potential End Date: 2031-04-02 00:00:00
Last Modified: 2026-04-03
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