GSA Awards $22.7M Contract to The Greentree Group for Financial Management Services

Contract Overview

Contract Amount: $22,711,259 ($22.7M)

Contractor: THE Greentree Group, Inc.

Awarding Agency: General Services Administration

Start Date: 2024-03-23

End Date: 2026-03-22

Contract Duration: 729 days

Daily Burn Rate: $31.2K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 4

Pricing Type: FIRM FIXED PRICE

Sector: IT

Official Description: SAF FM FINANCIAL MANAGEMENT SERVICES

Place of Performance

Location: DAYTON, GREENE County, OHIO, 45433

State: Ohio Government Spending

Plain-Language Summary

General Services Administration obligated $22.7 million to THE GREENTREE GROUP, INC. for work described as: SAF FM FINANCIAL MANAGEMENT SERVICES Key points: 1. Contract Value: $22.7 million over 729 days. 2. Competition: Awarded under full and open competition. 3. Risk: Firm fixed price contract mitigates cost overrun risk. 4. Sector: IT services, specifically 'Other Computer Related Services'.

Value Assessment

Rating: good

The contract's firm fixed price structure suggests a clear understanding of service scope and cost. Benchmarking against similar IT service contracts would provide further insight into its value.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

Awarded through full and open competition, indicating a competitive bidding process that likely led to a fair market price. The multiple award nature (no: 4) suggests a pool of qualified vendors.

Taxpayer Impact: The competitive nature of the award is expected to yield good value for taxpayer dollars, ensuring services are procured at a reasonable cost.

Public Impact

Ensures continued financial management support for federal agencies. Supports the operational needs of the General Services Administration. Provides a platform for IT service providers to engage with the federal government.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Lack of specific performance metrics in provided data.
Potential for vendor lock-in if not managed effectively.
Dependence on a single vendor for critical financial services.

Positive Signals

Firm fixed price contract provides cost certainty.
Awarded under full and open competition.
Long-term contract (729 days) offers stability.

Sector Analysis

This contract falls within the IT services sector, specifically 'Other Computer Related Services'. Federal spending in this area is substantial, with agencies relying heavily on IT for operational efficiency and data management.

Small Business Impact

The data indicates this contract was not awarded to a small business (sb: false). Further analysis would be needed to determine if small business participation was sought through subcontracting opportunities.

Oversight & Accountability

The General Services Administration (GSA) is responsible for overseeing this contract. Standard GSA oversight mechanisms should ensure compliance and performance, but specific oversight details are not provided.

Related Government Programs

Other Computer Related Services
General Services Administration Contracting
Federal Acquisition Service Programs

Risk Flags

Lack of detailed service description.
No mention of performance metrics or KPIs.
Potential for vendor performance issues.
Limited visibility into subcontracting opportunities for small businesses.

Frequently Asked Questions

What is this federal contract paying for?

General Services Administration awarded $22.7 million to THE GREENTREE GROUP, INC.. SAF FM FINANCIAL MANAGEMENT SERVICES

Who is the contractor on this award?

The obligated recipient is THE GREENTREE GROUP, INC..

Which agency awarded this contract?

Awarding agency: General Services Administration (Federal Acquisition Service).

What is the total obligated amount?

The obligated amount is $22.7 million.

What is the period of performance?

Start: 2024-03-23. End: 2026-03-22.

What specific financial management services are being provided under this contract?

The provided data classifies the service under NAICS code 541519 (Other Computer Related Services), suggesting IT-focused financial management solutions. However, the exact nature of services like system implementation, data analysis, or consulting is not detailed, impacting a full value assessment.

What is the benchmark pricing for similar financial management IT services in the federal market?

Without specific service details, a precise benchmark is difficult. However, contracts for IT-enabled financial management solutions can range significantly based on scope, complexity, and vendor. The $22.7M value over two years suggests a substantial, ongoing service requirement.

How effectively does this contract support the agency's mission objectives?

The contract aims to provide financial management services, which are critical for any federal agency's operational effectiveness and accountability. Its success hinges on the vendor's ability to deliver reliable and efficient financial solutions that align with the agency's specific goals and regulatory requirements.

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: 47QFLA24Q0042

Offers Received: 4

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 1360 TECHNOLOGY CT, BEAVERCREEK, OH, 45430

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Small Business, Special Designations, Subchapter S Corporation, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $57,250,737

Exercised Options: $23,715,578

Current Obligation: $22,711,259

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: GS35F396DA

IDV Type: FSS

Timeline