Treasury's IRS Awards $14.3M for Expert Services to IMMIXTECHNOLOGY INC

Contract Overview

Contract Amount: $14,306,515 ($14.3M)

Contractor: Immixtechnology Inc

Awarding Agency: Department of the Treasury

Start Date: 2024-09-17

End Date: 2026-03-16

Contract Duration: 545 days

Daily Burn Rate: $26.3K/day

Competition Type: FULL AND OPEN COMPETITION

Pricing Type: FIRM FIXED PRICE

Sector: IT

Official Description: COLLECTION EXPERT SERVICES SUPPORT

Place of Performance

Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20224

State: District of Columbia Government Spending

Plain-Language Summary

Department of the Treasury obligated $14.3 million to IMMIXTECHNOLOGY INC for work described as: COLLECTION EXPERT SERVICES SUPPORT Key points: 1. Contract value of $14.3 million for expert services. 2. Awarded to IMMIXTECHNOLOGY INC. 3. Supports the Internal Revenue Service (IRS). 4. Classified under 'Other Computer Related Services' (NAICS 541519). 5. Contract duration is 545 days.

Value Assessment

Rating: fair

The contract value of $14.3 million for 545 days suggests a daily rate of approximately $26,250. This rate needs to be benchmarked against similar expert service contracts to determine its competitiveness.

Cost Per Unit: $26,250 per day (estimated)

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, which generally promotes competitive pricing. However, the specific pricing discovery mechanisms used during the bidding process are not detailed here.

Taxpayer Impact: Taxpayer funds are being used for expert services to support IRS operations. The value for money depends on the effectiveness and necessity of these services.

Public Impact

Supports critical IRS functions through expert services. Potential impact on tax administration efficiency. Funds allocated for specialized IT or operational support.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Positive Signals

Sector Analysis

This contract falls under professional services, specifically IT-related support. Benchmarking expert service costs can be challenging due to the specialized nature of the skills required, but general IT consulting rates provide a reference.

Small Business Impact

The awardee, IMMIXTECHNOLOGY INC, is not indicated as a small business in the provided data. Further analysis would be needed to determine if small business participation was sought or achieved.

Oversight & Accountability

Oversight would involve monitoring the contractor's performance against contract requirements and ensuring that the services provided are necessary and effective for the IRS's mission.

Related Government Programs

Risk Flags

Tags

other-computer-related-services, department-of-the-treasury, dc, bpa-call, 10m-plus

Frequently Asked Questions

What is this federal contract paying for?

Department of the Treasury awarded $14.3 million to IMMIXTECHNOLOGY INC. COLLECTION EXPERT SERVICES SUPPORT

Who is the contractor on this award?

The obligated recipient is IMMIXTECHNOLOGY INC.

Which agency awarded this contract?

Awarding agency: Department of the Treasury (Internal Revenue Service).

What is the total obligated amount?

The obligated amount is $14.3 million.

What is the period of performance?

Start: 2024-09-17. End: 2026-03-16.

What specific expert services are being procured, and how do they align with the IRS's strategic goals?

The data indicates 'COLLECTION EXPERT SERVICES SUPPORT' under 'Other Computer Related Services'. While the exact nature of these services isn't detailed, they likely pertain to enhancing the IRS's ability to collect taxes or manage related data. Alignment with strategic goals would require understanding the IRS's current priorities in areas like modernization, enforcement, or taxpayer assistance.

How does the daily rate of $26,250 compare to market benchmarks for similar expert services?

A daily rate of $26,250 for expert services is on the higher end. Benchmarking against industry standards for specialized IT consultants, project managers, or subject matter experts in tax collection would be crucial. Factors like the specific skill sets, experience levels, and the urgency of the need can influence this rate, but it warrants careful scrutiny.

What mechanisms are in place to ensure the effectiveness and efficiency of these expert services?

Effectiveness and efficiency are typically ensured through clear performance work statements, key performance indicators (KPIs), regular progress reviews, and acceptance criteria for deliverables. The firm fixed price nature of the contract provides some cost control, but ongoing oversight is essential to confirm that the services are meeting the IRS's needs and delivering tangible benefits.

Industry Classification

NAICS: Professional, Scientific, and Technical ServicesComputer Systems Design and Related ServicesOther Computer Related Services

Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT)PROFESSIONAL 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

Parent Company: Arrow Electronics, Inc.

Address: 8444 WESTPARK DR, MC LEAN, VA, 22102

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $14,306,515

Exercised Options: $14,306,515

Current Obligation: $14,306,515

Actual Outlays: $12,825,827

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: 2032H518A00025

IDV Type: BPA

Timeline

Start Date: 2024-09-17

Current End Date: 2026-03-16

Potential End Date: 2026-03-16 12:30:16

Last Modified: 2025-09-16

More Contracts from Immixtechnology Inc

View all Immixtechnology Inc federal contracts →

Other Department of the Treasury Contracts

View all Department of the Treasury contracts →

Explore Related Government Spending