VA awards $49M for IT support to Iron Bow Technologies, LLC under a BPA Call

Contract Overview

Contract Amount: $48,989,185 ($49.0M)

Contractor: Iron BOW Technologies, LLC

Awarding Agency: Department of Veterans Affairs

Start Date: 2020-09-07

End Date: 2021-09-06

Contract Duration: 364 days

Daily Burn Rate: $134.6K/day

Competition Type: FULL AND OPEN COMPETITION

Pricing Type: FIRM FIXED PRICE

Sector: IT

Official Description: MANAGEMENT ENHANCEMENT AND REMEDIATION SUPPORT

Place of Performance

Location: CHANTILLY, FAIRFAX County, VIRGINIA, 20151

State: Virginia Government Spending

Plain-Language Summary

Department of Veterans Affairs obligated $49.0 million to IRON BOW TECHNOLOGIES, LLC for work described as: MANAGEMENT ENHANCEMENT AND REMEDIATION SUPPORT Key points: 1. The contract value is $48.99 million. 2. The award was made under full and open competition. 3. The contract is for management enhancement and remediation support. 4. The period of performance is one year.

Value Assessment

Rating: good

The contract was awarded using a BPA Call, suggesting a pre-competed framework. The firm fixed price contract type provides cost certainty. Benchmarking against similar IT support contracts would provide further insight into value.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, indicating a robust price discovery process. The use of a BPA Call implies that competition occurred at the BPA level, and this call likely leveraged that established competition.

Taxpayer Impact: The use of full and open competition generally leads to better pricing for taxpayers. The firm fixed price contract further protects taxpayer funds by establishing a ceiling on costs.

Public Impact

Veterans Affairs IT infrastructure and services are supported by this contract. The contract ensures continuity of critical IT management and remediation functions. This award contributes to the operational efficiency of the VA.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Positive Signals

Full and open competition utilized.
Firm fixed price contract type.
BPA Call award mechanism.

Sector Analysis

This contract falls within the Information Technology sector, specifically supporting IT management and remediation. Spending benchmarks for IT support services vary widely based on scope and complexity, but this award appears to be a moderate size for a one-year contract.

Small Business Impact

The data indicates that this contract was not awarded to a small business. Further analysis would be needed to determine if small business participation was sought or achieved through subcontracting.

Oversight & Accountability

The Department of Veterans Affairs is responsible for oversight of this contract. The use of a BPA Call and firm fixed price contract can aid in accountability by defining clear deliverables and costs.

Related Government Programs

Electronic Computer Manufacturing
Department of Veterans Affairs Contracting
Department of Veterans Affairs Programs

Risk Flags

Lack of detailed service description.
No small business participation indicated.
Potential for vendor lock-in if specialized services are provided.

Frequently Asked Questions

What is this federal contract paying for?

Department of Veterans Affairs awarded $49.0 million to IRON BOW TECHNOLOGIES, LLC. MANAGEMENT ENHANCEMENT AND REMEDIATION SUPPORT

Who is the contractor on this award?

The obligated recipient is IRON BOW TECHNOLOGIES, LLC.

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 $49.0 million.

What is the period of performance?

Start: 2020-09-07. End: 2021-09-06.

What specific IT management and remediation services are included in this contract?

The contract description 'MANAGEMENT ENHANCEMENT AND REMEDIATION SUPPORT' suggests services related to improving IT system performance, resolving technical issues, and potentially implementing upgrades or fixes. Specific details would be found in the contract's statement of work, which is not provided in this data. Understanding the scope is crucial for assessing value and effectiveness.

How does the awarded price compare to market rates for similar IT support services?

Without a detailed breakdown of services and labor categories, direct price comparison is difficult. However, the firm fixed price nature and full and open competition suggest a competitive award. Benchmarking against other VA IT contracts or similar federal awards for comparable services would be necessary for a thorough valuation.

What is the potential impact of vendor lock-in with Iron Bow Technologies, LLC?

As this is a one-year contract awarded through full and open competition, the immediate risk of long-term vendor lock-in is relatively low. However, if Iron Bow provides specialized or proprietary solutions, future procurements might face challenges if transitioning to a new vendor is complex or costly. Continued competition in future contract renewals is key.

Industry Classification

NAICS: Manufacturing › Computer and Peripheral Equipment Manufacturing › Electronic Computer Manufacturing

Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › PROFESSIONAL SERVICES

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Parent Company: HIG Capital Management, Inc.

Address: 2303 DULLES STATION BLVD STE 400, HERNDON, VA, 20171

Business Categories: Category Business, Limited Liability Corporation, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $74,425,301

Exercised Options: $48,989,185

Current Obligation: $48,989,185

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: VA11915A0131

IDV Type: BPA

Timeline