Treasury's $4.7M ServiceNow Implementation Awarded to ThunderCat Technology Amidst Full and Open Competition
Contract Overview
Contract Amount: $4,712,549 ($4.7M)
Contractor: Thundercat Technology, LLC
Awarding Agency: Department of the Treasury
Start Date: 2023-04-04
End Date: 2027-04-03
Contract Duration: 1,460 days
Daily Burn Rate: $3.2K/day
Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Number of Offers Received: 2
Pricing Type: FIRM FIXED PRICE
Sector: IT
Official Description: SERVICENOW IMPLEMENTATION.
Place of Performance
Location: RESTON, FAIRFAX County, VIRGINIA, 20190
State: Virginia Government Spending
Plain-Language Summary
Department of the Treasury obligated $4.7 million to THUNDERCAT TECHNOLOGY, LLC for work described as: SERVICENOW IMPLEMENTATION. Key points: 1. The contract focuses on ServiceNow implementation, a critical platform for government IT operations. 2. ThunderCat Technology, LLC secured the award, indicating potential competition within the IT services sector. 3. The contract's duration of 1460 days suggests a significant, long-term project. 4. The 'Other Computer Related Services' NAICS code points to a broad range of IT support activities.
Value Assessment
Rating: good
The contract value of $4.71 million over approximately four years appears reasonable for a comprehensive ServiceNow implementation. Benchmarking against similar large-scale government IT service contracts would provide a more precise assessment.
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,' suggesting a competitive process was initiated, but specific sources may have been excluded. This method aims for competitive pricing while potentially narrowing the field of eligible bidders.
Taxpayer Impact: A competitive award process generally leads to better pricing for taxpayers compared to sole-source contracts.
Public Impact
Improved government IT service delivery through ServiceNow. Potential for enhanced workflow automation and efficiency across the Bureau of the Fiscal Service. Modernization of critical IT infrastructure within the Department of the Treasury.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Potential impact of source exclusion on ultimate price competitiveness.
- Clarity needed on the specific reasons for excluding certain sources.
Positive Signals
- Awarded under full and open competition, suggesting a robust bidding process.
- Firm Fixed Price contract type provides cost certainty.
Sector Analysis
The IT services sector is highly competitive, with numerous vendors capable of ServiceNow implementations. Government spending in this area is substantial, focusing on modernization and efficiency. Benchmarks vary widely based on scope and complexity.
Small Business Impact
The data indicates this contract was not set aside for small businesses (ss: false, sb: false). Larger prime contractors may engage small businesses as subcontractors, but direct small business participation is not evident from this award.
Oversight & Accountability
The 'FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES' method implies a structured procurement process. Further oversight would involve reviewing the justification for source exclusion and the evaluation criteria used.
Related Government Programs
- Other Computer Related Services
- Department of the Treasury Contracting
- Bureau of the Fiscal Service Programs
Risk Flags
- Potential for limited competition due to source exclusion.
- Complexity of large-scale IT implementations.
- Dependence on a single vendor for critical IT services.
- Need for robust performance monitoring to ensure successful delivery.
Tags
other-computer-related-services, department-of-the-treasury, va, delivery-order, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of the Treasury awarded $4.7 million to THUNDERCAT TECHNOLOGY, LLC. SERVICENOW IMPLEMENTATION.
Who is the contractor on this award?
The obligated recipient is THUNDERCAT TECHNOLOGY, LLC.
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 $4.7 million.
What is the period of performance?
Start: 2023-04-04. End: 2027-04-03.
What was the total number of bids received after the exclusion of sources, and how did the winning bid compare to the others?
The provided data does not specify the number of bids received after source exclusion. To assess value, understanding the competitive landscape beyond the stated award is crucial. Analyzing the bid range and the winning bid's position within that range would offer insight into whether taxpayers received optimal pricing.
What specific risks are associated with ThunderCat Technology's ability to deliver this ServiceNow implementation successfully?
Without specific performance history or contract details, assessing ThunderCat Technology's risk profile is challenging. Potential risks could include resource availability, project management capabilities, or integration challenges with existing Treasury systems. A review of past performance and technical approach would be necessary for a thorough risk assessment.
How effectively will this ServiceNow implementation enhance the Bureau of the Fiscal Service's operational efficiency and service delivery?
The effectiveness hinges on the specific modules implemented and their alignment with the Bureau's strategic goals. Successful ServiceNow deployments typically streamline workflows, improve data management, and enhance user experience. Quantifiable metrics for efficiency gains and service improvements should be established and tracked post-implementation.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Other Computer Related Services
Product/Service Code: 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: 264615
Offers Received: 2
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Parent Company: Thundercat Technology LLC
Address: 11190 SUNRISE VALLEY DR STE 200, RESTON, VA, 20191
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Limited Liability Corporation, Service Disabled Veteran Owned Business, Small Business, Special Designations, U.S.-Owned Business, Veteran Owned Business
Financial Breakdown
Contract Ceiling: $9,812,187
Exercised Options: $4,712,549
Current Obligation: $4,712,549
Actual Outlays: $3,772,519
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: NNG15SD26B
IDV Type: GWAC
Timeline
Start Date: 2023-04-04
Current End Date: 2027-04-03
Potential End Date: 2028-04-03 00:00:00
Last Modified: 2026-03-19
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