Treasury's $7M TEOAF Contract Awarded to OCTO METRIC LLC for Computer Programming Services
Contract Overview
Contract Amount: $7,037,590 ($7.0M)
Contractor: Octo Metric LLC
Awarding Agency: Department of the Treasury
Start Date: 2021-12-30
End Date: 2026-12-29
Contract Duration: 1,825 days
Daily Burn Rate: $3.9K/day
Competition Type: FULL AND OPEN COMPETITION
Pricing Type: FIRM FIXED PRICE
Sector: IT
Official Description: TREASURY EXECUTIVE OFFICE FOR ASSET FORFEITURE (TEOAF)
Place of Performance
Location: ATLANTA, FULTON County, GEORGIA, 30361
State: Georgia Government Spending
Plain-Language Summary
Department of the Treasury obligated $7.0 million to OCTO METRIC LLC for work described as: TREASURY EXECUTIVE OFFICE FOR ASSET FORFEITURE (TEOAF) Key points: 1. Contract awarded to OCTO METRIC LLC for $7,037,590.40. 2. Service category is Computer Programming Services (NAICS 541511). 3. Contract duration is 5 years, ending December 29, 2026. 4. Awarded under a BPA Call, indicating a pre-competed framework. 5. No small business participation noted.
Value Assessment
Rating: fair
The contract value of $7.04M over 5 years averages to $1.41M annually. Benchmarking against similar computer programming services contracts is difficult without more specific service details and performance metrics.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition via a BPA Call. This method generally promotes competitive pricing, but the specific price discovery for this BPA Call is not detailed.
Taxpayer Impact: Taxpayer funds are being used for essential IT services supporting asset forfeiture operations. The competitive award process aims to ensure reasonable pricing.
Public Impact
Supports the Treasury Executive Office for Asset Forfeiture (TEOAF) operations. Ensures continued development and maintenance of critical IT systems. Potential impact on the efficiency of asset forfeiture processes. Contracting for specialized computer programming services.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of small business participation.
- Limited insight into specific performance metrics and value.
- BPA Call mechanism may obscure direct price comparison.
Positive Signals
- Awarded under full and open competition.
- Long-term contract provides stability for services.
- Supports a critical government function.
Sector Analysis
The IT services sector, particularly custom computer programming, is a significant area of government spending. Benchmarks vary widely based on specialization, but this contract appears to be of moderate value for a 5-year duration.
Small Business Impact
The data indicates that small business participation was not a factor in this specific award (ss=false, sb=false). This suggests the prime contractor is likely a larger entity, and opportunities for small businesses may be limited unless subcontracting occurs.
Oversight & Accountability
Awarded via a BPA Call, which implies a pre-existing framework agreement. Oversight would focus on contract performance, adherence to terms, and financial management by the IRS and TEOAF.
Related Government Programs
- Custom Computer Programming Services
- Department of the Treasury Contracting
- Internal Revenue Service Programs
Risk Flags
- Lack of detailed service description.
- No small business participation.
- Potential for scope creep in custom programming.
- Limited transparency on specific value metrics.
Tags
custom-computer-programming-services, department-of-the-treasury, ga, bpa-call, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of the Treasury awarded $7.0 million to OCTO METRIC LLC. TREASURY EXECUTIVE OFFICE FOR ASSET FORFEITURE (TEOAF)
Who is the contractor on this award?
The obligated recipient is OCTO METRIC 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 $7.0 million.
What is the period of performance?
Start: 2021-12-30. End: 2026-12-29.
What specific programming services are being provided, and how do they align with TEOAF's mission objectives?
The contract specifies 'Custom Computer Programming Services' (NAICS 541511). These services likely involve developing, maintaining, or enhancing software and IT systems crucial for the Treasury Executive Office for Asset Forfeiture's operations. This could include case management systems, data analysis tools, or reporting platforms essential for tracking and managing forfeited assets.
What is the risk associated with the firm fixed-price contract type for these services?
A firm fixed-price contract generally shifts risk to the contractor, as they are obligated to complete the work for a set price. For custom programming, this can be advantageous for budget predictability. However, if requirements are poorly defined or scope creep occurs, the contractor may face financial strain, potentially impacting service quality or leading to change order requests.
How effective is the BPA Call mechanism in ensuring value for money in this context?
The BPA Call mechanism leverages pre-competed agreements, aiming for faster procurement and potentially better pricing. Its effectiveness here depends on the initial competition for the BPA itself and whether OCTO METRIC LLC's pricing is competitive within that established framework. It streamlines acquisition but might offer less transparency than a direct, standalone full-and-open competition.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Custom Computer Programming Services
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › ADMINISTRATIVE SUPPORT SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 1175 PEACHTREE ST NE STE 1000 FL 10, ATLANTA, GA, 30361
Business Categories: Category Business, Limited Liability Corporation, Partnership or Limited Liability Partnership, Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $7,037,590
Exercised Options: $7,037,590
Current Obligation: $7,037,590
Actual Outlays: $4,341,158
Subaward Activity
Number of Subawards: 3
Total Subaward Amount: $6,157,448
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: 2032H521A00026
IDV Type: BPA
Timeline
Start Date: 2021-12-30
Current End Date: 2026-12-29
Potential End Date: 2026-12-29 00:00:00
Last Modified: 2025-12-10
More Contracts from Octo Metric LLC
- Professional IT Agile Services for Predictive Lake Analytics Nextgen Exchange Services (planxs) — $89.5M (Department of Homeland Security)
- Devops Software Development Services — $60.2M (Department of the Treasury)
- EO14042 Defensive Cyber Operations Program Management Support Services — $38.7M (Department of Defense)
- IT Transformation Support Services (ittss) — $18.0M (Department of Health and Human Services)
- Hybrid- Cloud Implementation and Operation & Maintenance (O&M) — $9.4M (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)