Treasury's $32M Private Collection Agency Contract Awarded via Full and Open Competition
Contract Overview
Contract Amount: $32,077,960 ($32.1M)
Contractor: THE CBE Group, Inc.
Awarding Agency: Department of the Treasury
Start Date: 2018-01-26
End Date: 2024-08-17
Contract Duration: 2,395 days
Daily Burn Rate: $13.4K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 28
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: PRIVATE COLLECTION AGENCY (PCA) SERVICES [MULTIPLE AWARD 1 OF 6]
Place of Performance
Location: CEDAR FALLS, BLACK HAWK County, IOWA, 50613
State: Iowa Government Spending
Plain-Language Summary
Department of the Treasury obligated $32.1 million to THE CBE GROUP, INC. for work described as: PRIVATE COLLECTION AGENCY (PCA) SERVICES [MULTIPLE AWARD 1 OF 6] Key points: 1. Contract awarded to The CBE Group, Inc. for PCA services. 2. Significant contract value of $32,077,959.75 over its period of performance. 3. Full and open competition was utilized, suggesting a competitive bidding process. 4. The contract spans from January 2018 to August 2024, indicating long-term service provision.
Value Assessment
Rating: good
The contract value of $32M over approximately 6.5 years suggests a competitive pricing structure. Benchmarking against similar contracts for collection agency services would provide a more precise assessment of value.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The use of full and open competition indicates that multiple vendors were likely solicited, fostering price discovery and potentially leading to more favorable pricing for the government.
Taxpayer Impact: By utilizing competitive bidding, taxpayers benefit from potentially lower costs for debt collection services, maximizing the recovery of government funds.
Public Impact
Ensures government agencies can recover delinquent debts. Supports the Bureau of the Fiscal Service's mission to manage federal finances. Provides essential services for maintaining the integrity of government revenue streams.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of specific performance metrics or outcomes in provided data.
- Potential for vendor performance variability over the contract duration.
Positive Signals
- Awarded through full and open competition.
- Long contract duration suggests established service and potential for economies of scale.
Sector Analysis
This contract falls under professional services, specifically accounting and related services. Benchmarks for similar government contracts in this sector vary widely based on the scope and complexity of debt collection.
Small Business Impact
The data indicates that small business participation was not a factor in this award (ss: false, sb: false). Further analysis would be needed to determine if opportunities were missed or if the scope precluded small business involvement.
Oversight & Accountability
The contract is managed by the Department of the Treasury's Bureau of the Fiscal Service, which is responsible for overseeing federal financial management. Oversight details are not provided in this data.
Related Government Programs
- Offices of Certified Public Accountants
- Department of the Treasury Contracting
- Bureau of the Fiscal Service Programs
Risk Flags
- Potential for high vendor concentration risk if The CBE Group is a primary provider.
- Performance variability over a long contract duration.
- Lack of detailed performance metrics in the provided data.
- No indication of small business participation.
Tags
offices-of-certified-public-accountants, department-of-the-treasury, ia, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of the Treasury awarded $32.1 million to THE CBE GROUP, INC.. PRIVATE COLLECTION AGENCY (PCA) SERVICES [MULTIPLE AWARD 1 OF 6]
Who is the contractor on this award?
The obligated recipient is THE CBE GROUP, INC..
Which agency awarded this contract?
Awarding agency: Department of the Treasury (Bureau of the Fiscal Service).
What is the total obligated amount?
The obligated amount is $32.1 million.
What is the period of performance?
Start: 2018-01-26. End: 2024-08-17.
What is the average cost per dollar collected under this contract?
The provided data does not include cost per dollar collected. To assess the true value and efficiency of this contract, this metric is crucial. It would allow for a direct comparison against industry standards and other government contracts to determine if the $32M expenditure is yielding optimal results in debt recovery.
What are the key performance indicators (KPIs) for this contract and how has the vendor performed against them?
Key performance indicators are not detailed in the provided data. Understanding KPIs such as collection rates, compliance adherence, and customer satisfaction is essential for evaluating the vendor's effectiveness and ensuring accountability. Without this information, it's difficult to assess the quality of service and the overall success of the contract.
Were there any challenges or disputes during the contract period, and how were they resolved?
Information regarding contract challenges or disputes is not available in the provided data. A comprehensive review would require access to contract performance reports, modification histories, and any formal complaints or resolutions. This is important for understanding potential risks and the agency's ability to manage vendor relationships effectively.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Accounting, Tax Preparation, Bookkeeping, and Payroll Services › Offices of Certified Public Accountants
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › MANAGEMENT SUPPORT SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Solicitation ID: TFSAFSA17Q0001
Offers Received: 28
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 1309 TECHNOLOGY PKWY, CEDAR FALLS, IA, 50613
Business Categories: Category Business, Not Designated a Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $32,077,960
Exercised Options: $32,077,960
Current Obligation: $32,077,960
Actual Outlays: $28,678,774
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: GS23F0230P
IDV Type: FSS
Timeline
Start Date: 2018-01-26
Current End Date: 2024-08-17
Potential End Date: 2024-08-17 00:00:00
Last Modified: 2024-08-28
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