GSA Awards $4.2M Contract for GNMA Issue Stress Testing to Deloitte & Touche LLP
Contract Overview
Contract Amount: $4,247,417 ($4.2M)
Contractor: Deloitte & Touche LLP
Awarding Agency: General Services Administration
Start Date: 2022-06-01
End Date: 2027-05-31
Contract Duration: 1,825 days
Daily Burn Rate: $2.3K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 2
Pricing Type: FIRM FIXED PRICE
Sector: IT
Official Description: GNMA ISSUE STRESS TESTING
Place of Performance
Location: ARLINGTON, ARLINGTON County, VIRGINIA, 22209
State: Virginia Government Spending
Plain-Language Summary
General Services Administration obligated $4.2 million to DELOITTE & TOUCHE LLP for work described as: GNMA ISSUE STRESS TESTING Key points: 1. Contract awarded to a single, well-known firm. 2. Focus on IT services, specifically 'Other Computer Related Services'. 3. Potential for high value over the contract term. 4. Full and open competition was utilized.
Value Assessment
Rating: good
The contract value of $4.2M over 5 years suggests a reasonable annual spend. Benchmarking against similar IT consulting services would be necessary for a precise assessment, but the price appears competitive given the specialized nature of stress testing.
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 suggests a pre-competed framework was leveraged, potentially streamlining the acquisition while maintaining competition.
Taxpayer Impact: Taxpayer funds are being used for essential financial stress testing services, ensuring the stability of GNMA operations. The competitive award process aims to secure value for money.
Public Impact
Ensures financial system stability through rigorous stress testing. Supports government-sponsored enterprise (GSE) operations. Leverages specialized IT consulting expertise. Contributes to regulatory compliance and risk management.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Reliance on a single vendor for critical services.
- Potential for scope creep in complex IT projects.
Positive Signals
- Utilizes a competitive bidding process.
- Awarded to a reputable and experienced firm.
- Clear contract duration and fixed pricing.
Sector Analysis
This contract falls within the IT services sector, specifically 'Other Computer Related Services'. Spending in this area is significant across government, with benchmarks varying widely based on specialization and complexity. The $4.2M value over five years is moderate for a specialized IT service contract.
Small Business Impact
The data indicates this contract was not set aside for small businesses and was awarded to a large, established firm. There is no indication of small business participation in this specific award.
Oversight & Accountability
The General Services Administration (GSA) is responsible for overseeing this contract. Standard GSA oversight mechanisms and performance monitoring should be in place to ensure contractor compliance and service delivery.
Related Government Programs
- Other Computer Related Services
- General Services Administration Contracting
- Federal Acquisition Service Programs
Risk Flags
- Vendor Lock-in Potential
- Scope Creep Risk
- Data Security and Confidentiality
- Dependency on Key Personnel
Tags
other-computer-related-services, general-services-administration, va, bpa-call, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
General Services Administration awarded $4.2 million to DELOITTE & TOUCHE LLP. GNMA ISSUE STRESS TESTING
Who is the contractor on this award?
The obligated recipient is DELOITTE & TOUCHE LLP.
Which agency awarded this contract?
Awarding agency: General Services Administration (Federal Acquisition Service).
What is the total obligated amount?
The obligated amount is $4.2 million.
What is the period of performance?
Start: 2022-06-01. End: 2027-05-31.
What specific methodologies and tools will Deloitte & Touche LLP employ for GNMA issue stress testing, and how do these align with industry best practices?
Deloitte & Touche LLP is expected to utilize a combination of proprietary and industry-standard stress testing methodologies. This likely includes scenario analysis, sensitivity testing, and potentially Monte Carlo simulations tailored to GNMA's specific portfolio and market risks. Their approach should align with regulatory expectations and financial industry best practices for assessing systemic risk and capital adequacy under adverse conditions.
How will the effectiveness of the stress testing results be measured to ensure they provide actionable insights for risk mitigation?
Effectiveness will be measured by the clarity and actionability of the insights provided. Key performance indicators could include the identification of critical vulnerabilities, the quantification of potential losses under stress scenarios, and the development of concrete recommendations for risk mitigation strategies. Regular reviews and feedback sessions between GSA and Deloitte & Touche LLP will ensure the results are directly applicable to GNMA's operational and financial planning.
What is the potential impact on GNMA's operational continuity if the stress testing services are interrupted or delayed?
An interruption or delay in stress testing services could significantly impact GNMA's ability to identify and manage emerging financial risks. This could lead to inadequate capital reserves, increased vulnerability to market shocks, and potential non-compliance with regulatory requirements. The firm fixed price and defined period of performance aim to mitigate these risks, but contingency planning for critical service delivery is advisable.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Other Computer Related Services
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
Solicitation ID: 47QFDA22Q0019
Offers Received: 2
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Parent Company: Deloitte Consulting LLP
Address: 1919 N LYNN ST, ARLINGTON, VA, 22209
Business Categories: Category Business, Not Designated a Small Business, Partnership or Limited Liability Partnership, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $4,247,417
Exercised Options: $4,247,417
Current Obligation: $4,247,417
Subaward Activity
Number of Subawards: 2
Total Subaward Amount: $698,025
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: 47QFDA18A0002
IDV Type: BPA
Timeline
Start Date: 2022-06-01
Current End Date: 2027-05-31
Potential End Date: 2027-05-31 00:00:00
Last Modified: 2026-03-27
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