Smithsonian Institution Awards $2.36M for IT Services to Technology Trends Group, LLC

Contract Overview

Contract Amount: $2,359,893 ($2.4M)

Contractor: Technology Trends Group, LLC

Awarding Agency: Smithsonian Institution

Start Date: 2019-02-11

End Date: 2026-03-31

Contract Duration: 2,605 days

Daily Burn Rate: $906/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 1

Pricing Type: TIME AND MATERIALS

Sector: IT

Official Description: IGF::OT::IGF PROFESSIONAL SERVICES.

Place of Performance

Location: HERNDON, FAIRFAX County, VIRGINIA, 20170

State: Virginia Government Spending

Plain-Language Summary

Smithsonian Institution obligated $2.4 million to TECHNOLOGY TRENDS GROUP, LLC for work described as: IGF::OT::IGF PROFESSIONAL SERVICES. Key points: 1. Contract awarded to Technology Trends Group, LLC for IT services. 2. The contract has a total value of $2,359,892.77. 3. Awarded under full and open competition. 4. The contract duration is 2605 days, ending March 31, 2026. 5. The contract type is Time and Materials.

Value Assessment

Rating: fair

The Time and Materials pricing structure can lead to cost overruns if not closely monitored. Benchmarking against similar IT services contracts is difficult without detailed labor categories and rates.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, suggesting a competitive bidding process. However, the Time and Materials contract type may limit price discovery compared to fixed-price awards.

Taxpayer Impact: Taxpayer funds are being used for IT services. The effectiveness of competition and cost controls will determine the ultimate taxpayer impact.

Public Impact

Citizens expect efficient use of taxpayer money for government services. Transparency in contract awards and pricing is crucial for public trust. The duration of the contract impacts long-term budget planning.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Time and Materials pricing risk
Long contract duration

Positive Signals

Full and open competition
Awarded to a specific company

Sector Analysis

This contract falls under IT professional services, specifically 'Other Computer Related Services'. Spending in this sector is substantial across government agencies, with benchmarks varying widely based on service type and complexity.

Small Business Impact

The data indicates this contract was not set aside for small businesses and the awardee is not listed as a small business. Therefore, there is no direct small business participation evident in this specific award.

Oversight & Accountability

Oversight will be critical to ensure the Smithsonian Institution effectively manages the Time and Materials contract, controlling costs and ensuring deliverables meet requirements.

Related Government Programs

Other Computer Related Services
Smithsonian Institution Contracting
Smithsonian Institution Programs

Risk Flags

Potential for cost overruns due to Time and Materials pricing.
Long contract duration may reduce flexibility.
Lack of specific service details limits immediate value assessment.
No small business participation indicated.

Frequently Asked Questions

What is this federal contract paying for?

Smithsonian Institution awarded $2.4 million to TECHNOLOGY TRENDS GROUP, LLC. IGF::OT::IGF PROFESSIONAL SERVICES.

Who is the contractor on this award?

The obligated recipient is TECHNOLOGY TRENDS GROUP, LLC.

Which agency awarded this contract?

Awarding agency: Smithsonian Institution (Smithsonian Institution).

What is the total obligated amount?

The obligated amount is $2.4 million.

What is the period of performance?

Start: 2019-02-11. End: 2026-03-31.

What specific IT services are being procured under this contract, and how do they align with the Smithsonian's strategic technology goals?

The contract specifies 'Other Computer Related Services' (NAICS 541519). While the exact services are not detailed, this category typically includes IT support, system integration, and custom software development. Understanding the specific tasks is crucial to assess alignment with the Smithsonian's technology roadmap and ensure the spending directly supports institutional objectives.

What measures are in place to mitigate cost overruns associated with the Time and Materials contract type?

Given the Time and Materials (T&M) structure, robust oversight is essential. The Smithsonian Institution should implement strict monitoring of labor hours, require detailed progress reports, and establish clear ceiling prices or task order limits. Regular reviews of the contractor's performance and cost justifications are necessary to prevent uncontrolled spending and ensure value for money.

How will the effectiveness of the IT services provided by Technology Trends Group, LLC be measured and evaluated throughout the contract period?

Effectiveness should be measured against predefined performance metrics and deliverables outlined in the contract. Key Performance Indicators (KPIs) related to system uptime, issue resolution times, project completion rates, and user satisfaction should be established. Regular performance reviews and feedback mechanisms will be vital to ensure the contractor is meeting expectations and delivering value.

Industry Classification

NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Other Computer Related Services

Product/Service Code: IT AND TELECOM - INFORMATION TECHNOLOGY AND TELECOMMUNICATIONS › ADP AND TELECOMMUNICATIONS

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Offers Received: 1

Pricing Type: TIME AND MATERIALS (Y)

Evaluated Preference: NONE

Contractor Details

Address: 2121 15TH ST N, ARLINGTON, VA, 22201

Business Categories: Category Business, Small Business, Special Designations, Subchapter S Corporation, U.S.-Owned Business, Woman Owned Business

Financial Breakdown

Contract Ceiling: $2,359,893

Exercised Options: $2,359,893

Current Obligation: $2,359,893

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: GS35F0644Y

IDV Type: FSS

Timeline