VA awards $130M T4NG contract to TISTA for financial services program management support

Contract Overview

Contract Amount: $129,997,101 ($130.0M)

Contractor: Tista Science and Technology Corporation

Awarding Agency: Department of Veterans Affairs

Start Date: 2018-09-17

End Date: 2023-05-19

Contract Duration: 1,705 days

Daily Burn Rate: $76.2K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 5

Pricing Type: FIRM FIXED PRICE

Sector: IT

Official Description: IGF::OT::IGF TRANSFORMATION TWENTY-ONE TOTAL TECHNOLOGY NEXT GENERATION (T4NG) CONTRACT FOR FINANCIAL SERVICES CENTER PROGRAM MANAGEMENT SUPPORT SERVICES.

Place of Performance

Location: POTOMAC, MONTGOMERY County, MARYLAND, 20854

State: Maryland Government Spending

Plain-Language Summary

Department of Veterans Affairs obligated $130.0 million to TISTA SCIENCE AND TECHNOLOGY CORPORATION for work described as: IGF::OT::IGF TRANSFORMATION TWENTY-ONE TOTAL TECHNOLOGY NEXT GENERATION (T4NG) CONTRACT FOR FINANCIAL SERVICES CENTER PROGRAM MANAGEMENT SUPPORT SERVICES. Key points: 1. Contract awarded to TISTA SCIENCE AND TECHNOLOGY CORPORATION for program management support. 2. The contract is for Computer Systems Design Services within the IT sector. 3. Awarded under full and open competition, indicating a competitive bidding process. 4. The contract value is substantial at $129,997,100.82 over its duration.

Value Assessment

Rating: good

The contract value of $130M for program management support services appears reasonable given the scope and duration. Benchmarking against similar large-scale IT support contracts 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 more competitive pricing as multiple vendors can bid.

Taxpayer Impact: The competitive nature of the award is positive for taxpayers, likely resulting in a fair market price for the services rendered.

Public Impact

Ensures continued program management support for the VA's financial services. Supports the modernization and efficiency of VA financial operations. Leverages IT expertise for critical government functions.

Waste & Efficiency Indicators

Waste Risk Score: 70 / 10

Warning Flags

Contract duration is significant, requiring ongoing monitoring.
Reliance on a single vendor for critical support.

Positive Signals

Awarded through full and open competition.
Supports a critical government function (financial services).

Sector Analysis

This contract falls within the Information Technology sector, specifically Computer Systems Design Services. Spending in this area is substantial across government, supporting digital transformation and operational efficiency.

Small Business Impact

The data does not indicate if small businesses were involved as subcontractors. Further analysis would be needed to determine small business participation.

Oversight & Accountability

The Department of Veterans Affairs is responsible for oversight. The contract's duration necessitates regular performance reviews and accountability measures to ensure value and effectiveness.

Related Government Programs

Computer Systems Design Services
Department of Veterans Affairs Contracting
Department of Veterans Affairs Programs

Risk Flags

Potential for scope creep over the contract's duration.
Dependence on a single contractor for critical support.
Ensuring long-term cost-effectiveness beyond initial award.
Measuring the true impact of program management on financial outcomes.

Frequently Asked Questions

What is this federal contract paying for?

Department of Veterans Affairs awarded $130.0 million to TISTA SCIENCE AND TECHNOLOGY CORPORATION. IGF::OT::IGF TRANSFORMATION TWENTY-ONE TOTAL TECHNOLOGY NEXT GENERATION (T4NG) CONTRACT FOR FINANCIAL SERVICES CENTER PROGRAM MANAGEMENT SUPPORT SERVICES.

Who is the contractor on this award?

The obligated recipient is TISTA SCIENCE AND TECHNOLOGY CORPORATION.

Which agency awarded this contract?

Awarding agency: Department of Veterans Affairs (Department of Veterans Affairs).

What is the total obligated amount?

The obligated amount is $130.0 million.

What is the period of performance?

Start: 2018-09-17. End: 2023-05-19.

What specific program management support services are included under this contract, and how do they align with the VA's strategic financial goals?

The contract focuses on program management support services for the VA's financial services center. This likely includes tasks such as planning, organizing, directing, and controlling resources to achieve specific financial program objectives. The alignment with strategic goals would depend on the VA's current financial modernization and efficiency initiatives, aiming to improve accuracy, timeliness, and compliance in financial operations.

What are the key performance indicators (KPIs) for this contract, and how is TISTA's performance being measured against them?

Key performance indicators for this contract would typically include metrics related to project timelines, budget adherence, quality of deliverables, stakeholder satisfaction, and successful implementation of program management methodologies. The VA would likely have a formal performance management plan outlining these KPIs and the process for monitoring TISTA's performance, including regular reporting and potential incentives or penalties based on achievement.

How does the VA ensure continuous improvement and adaptation of financial services support given the evolving technological landscape and regulatory requirements?

The VA likely ensures continuous improvement through contract clauses that require vendors to propose innovative solutions and adapt to changing requirements. Regular performance reviews and strategic discussions with TISTA would identify areas for enhancement. Furthermore, the VA's internal IT and financial management teams would actively monitor technological trends and regulatory shifts, directing the contractor to implement necessary updates and process improvements to maintain compliance and efficiency.

Industry Classification

NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Computer Systems Design 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: 5

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 1201 SEVEN LOCKS RD, STE 350, ROCKVILLE, MD, 20854

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Minority Owned Business, Not Designated a Small Business, Self-Certified Small Disadvantaged Business, Service Disabled Veteran Owned Business, Small Business, Special Designations, Subchapter S Corporation, Indian (Subcontinent) American Owned Business, U.S.-Owned Business, Veteran Owned Business

Financial Breakdown

Contract Ceiling: $129,997,101

Exercised Options: $129,997,101

Current Obligation: $129,997,101

Actual Outlays: $25,595,025

Subaward Activity

Number of Subawards: 9

Total Subaward Amount: $21,085,801

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: VA11816D1005

IDV Type: IDC

Timeline