Treasury's $11.4M PCA Services Contract Awarded to The CBE Group, Inc. via Full and Open Competition
Contract Overview
Contract Amount: $11,419,919 ($11.4M)
Contractor: THE CBE Group, Inc.
Awarding Agency: Department of the Treasury
Start Date: 2024-02-18
End Date: 2025-11-17
Contract Duration: 638 days
Daily Burn Rate: $17.9K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 1
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: PCA SERVICES BRIDGE CONTRACT (CBE)
Place of Performance
Location: CEDAR FALLS, BLACK HAWK County, IOWA, 50613
State: Iowa Government Spending
Plain-Language Summary
Department of the Treasury obligated $11.4 million to THE CBE GROUP, INC. for work described as: PCA SERVICES BRIDGE CONTRACT (CBE) Key points: 1. Contract value of $11.4M for PCA Services. 2. Awarded to The CBE Group, Inc. under full and open competition. 3. Potential risks include performance and cost overruns. 4. Sector is accounting services (NAICS 541211).
Value Assessment
Rating: good
The contract value of $11.4M appears reasonable for PCA services, especially given the 638-day duration. Benchmarking against similar government contracts for accounting and financial services would provide a more precise assessment.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded through full and open competition, suggesting a robust price discovery process. This method typically leads to competitive pricing as multiple vendors have the opportunity to bid.
Taxpayer Impact: Full and open competition generally benefits taxpayers by ensuring the government receives competitive pricing and the best value for services rendered.
Public Impact
Taxpayers benefit from competitive bidding for essential financial services. Ensures accountability in government financial management. Supports the Bureau of the Fiscal Service's operational needs.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Contract duration is substantial (638 days).
- No specific performance metrics detailed in provided data.
Positive Signals
- Awarded via full and open competition.
- Firm Fixed Price contract type.
Sector Analysis
This contract falls within the accounting services sector, specifically for offices of certified public accountants. Government spending in this sector is crucial for financial oversight and compliance.
Small Business Impact
The provided data does not indicate if small businesses were involved in this contract, either as prime contractors or subcontractors. Further analysis would be needed to assess small business participation.
Oversight & Accountability
The award through full and open competition suggests a degree of oversight in the procurement process. However, ongoing monitoring of performance and adherence to the firm fixed price terms is essential for accountability.
Related Government Programs
- Offices of Certified Public Accountants
- Department of the Treasury Contracting
- Bureau of the Fiscal Service Programs
Risk Flags
- Contract duration is long (638 days).
- Potential for scope creep if not managed tightly.
- Reliance on a single awardee for a significant period.
- Performance monitoring is critical.
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 $11.4 million to THE CBE GROUP, INC.. PCA SERVICES BRIDGE CONTRACT (CBE)
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 $11.4 million.
What is the period of performance?
Start: 2024-02-18. End: 2025-11-17.
What specific PCA services are being procured under this contract?
The provided data identifies the contract as 'PCA SERVICES BRIDGE CONTRACT (CBE)' and the NAICS code as '541211' (Offices of Certified Public Accountants). This suggests services related to public company accounting, financial auditing, or advisory services. Specific details on the scope of work, deliverables, and performance standards would be found in the contract's statement of work.
What are the key performance indicators (KPIs) for this contract?
The provided data does not explicitly list Key Performance Indicators (KPIs) for this contract. Typically, KPIs would be detailed in the contract's Statement of Work (SOW) or Performance Work Statement (PWS). These would outline measurable standards for service delivery, timeliness, accuracy, and compliance to ensure the contractor meets the government's requirements effectively.
How does the benchmarked cost per unit compare to similar contracts?
A precise per-unit cost benchmark cannot be calculated without knowing the specific services rendered and their associated units (e.g., hours, reports, cases). The total contract value of $11.4M over 638 days suggests a significant operational engagement. A detailed comparison would require access to similar government contracts for comparable accounting and financial advisory services.
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: RFQ FSA-48130100-24-001
Offers Received: 1
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: $11,603,411
Exercised Options: $11,419,919
Current Obligation: $11,419,919
Actual Outlays: $11,419,919
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: GS23F0230P
IDV Type: FSS
Timeline
Start Date: 2024-02-18
Current End Date: 2025-11-17
Potential End Date: 2025-11-17 00:00:00
Last Modified: 2026-01-15
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