DOT Awards $2.76M CFARS Support Task Order to Incentive Technology Group LLC

Contract Overview

Contract Amount: $2,760,413 ($2.8M)

Contractor: Incentive Technology Group LLC

Awarding Agency: Department of Transportation

Start Date: 2024-08-08

End Date: 2026-08-07

Contract Duration: 729 days

Daily Burn Rate: $3.8K/day

Competition Type: FULL AND OPEN COMPETITION

Pricing Type: FIRM FIXED PRICE

Sector: IT

Official Description: ISSUE A NEW TASK ORDER AGAINST THE SWES BPA FOR CONSOLIDATED FINANCIAL ASSISTANCE REPORTING (CFARS) SUPPORT.

Place of Performance

Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20591

State: District of Columbia Government Spending

Plain-Language Summary

Department of Transportation obligated $2.8 million to INCENTIVE TECHNOLOGY GROUP LLC for work described as: ISSUE A NEW TASK ORDER AGAINST THE SWES BPA FOR CONSOLIDATED FINANCIAL ASSISTANCE REPORTING (CFARS) SUPPORT. Key points: 1. The task order is for consolidated financial assistance reporting support. 2. Incentive Technology Group LLC is the awardee. 3. The contract is a Firm Fixed Price type. 4. The period of performance is 729 days. 5. The award was made under a BPA call.

Value Assessment

Rating: good

The award amount of $2.76M for 729 days suggests a reasonable daily rate. Benchmarking against similar IT support contracts would provide a more precise assessment of value.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, indicating a competitive bidding process. This method generally leads to better price discovery and value for the government.

Taxpayer Impact: The competitive award process is expected to ensure taxpayer funds are used efficiently for this critical financial reporting support.

Public Impact

Ensures continued support for financial assistance reporting, crucial for federal programs. Supports the Federal Highway Administration's operational needs. Provides stability for a key IT service provider.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Positive Signals

Full and open competition
Firm Fixed Price contract type

Sector Analysis

This contract falls under IT services, specifically Computer Facilities Management Services. Spending in this sector is substantial, and competitive awards are common for IT support functions.

Small Business Impact

The awardee, Incentive Technology Group LLC, is not identified as a small business in the provided data. Further analysis would be needed to determine the impact on small business participation.

Oversight & Accountability

The award was made via a BPA call, suggesting it aligns with pre-negotiated terms. Oversight would focus on performance against the task order requirements and adherence to the BPA.

Related Government Programs

Computer Facilities Management Services
Department of Transportation Contracting
Federal Highway Administration Programs

Frequently Asked Questions

What is this federal contract paying for?

Department of Transportation awarded $2.8 million to INCENTIVE TECHNOLOGY GROUP LLC. ISSUE A NEW TASK ORDER AGAINST THE SWES BPA FOR CONSOLIDATED FINANCIAL ASSISTANCE REPORTING (CFARS) SUPPORT.

Who is the contractor on this award?

The obligated recipient is INCENTIVE TECHNOLOGY GROUP LLC.

Which agency awarded this contract?

Awarding agency: Department of Transportation (Federal Highway Administration).

What is the total obligated amount?

The obligated amount is $2.8 million.

What is the period of performance?

Start: 2024-08-08. End: 2026-08-07.

What is the specific nature of the consolidated financial assistance reporting support required?

The data indicates the task order is for 'Consolidated Financial Assistance Reporting (CFARS) Support'. This likely involves systems, processes, and personnel to manage, track, and report on various forms of financial assistance provided by the Federal Highway Administration, ensuring compliance and transparency.

Are there any potential risks associated with relying on a single BPA call for this support?

While the initial award was competitive, relying on a single BPA call could pose risks if the BPA itself has limited competition or if the awarded vendor faces performance issues. However, the 'full and open' competition for this task order mitigates immediate risk related to this specific award.

How does this contract contribute to the overall effectiveness of the Federal Highway Administration's financial management?

Effective financial assistance reporting is critical for accountability, program evaluation, and informed decision-making within the FHWA. This contract ensures the necessary support is in place to maintain and potentially improve the accuracy and timeliness of these reports, thereby enhancing overall financial management effectiveness.

Industry Classification

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

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

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: ICF International, Inc.

Address: 2550 S CLARK ST, ARLINGTON, VA, 22202

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

Financial Breakdown

Contract Ceiling: $3,898,894

Exercised Options: $2,760,413

Current Obligation: $2,760,413

Actual Outlays: $2,095,063

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: 693JJ320A000016

IDV Type: BPA

Timeline