DHS awards $13.5M task order for TSA accounting services to Federal Miracle Tech LLC
Contract Overview
Contract Amount: $13,464,921 ($13.5M)
Contractor: Federal Miracle Tech LLC
Awarding Agency: Department of Homeland Security
Start Date: 2024-09-15
End Date: 2028-08-14
Contract Duration: 1,429 days
Daily Burn Rate: $9.4K/day
Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Number of Offers Received: 1
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: TASK ORDER #70T01024F6400N002 FOR ACCOUNTING AND FINANCIAL SUPPORT SERVICES FOR TSA'S FINANCIAL MANAGEMENT DIVISION (FMD).
Place of Performance
Location: GREENBELT, PRINCE GEORGES County, MARYLAND, 20770
State: Maryland Government Spending
Plain-Language Summary
Department of Homeland Security obligated $13.5 million to FEDERAL MIRACLE TECH LLC for work described as: TASK ORDER #70T01024F6400N002 FOR ACCOUNTING AND FINANCIAL SUPPORT SERVICES FOR TSA'S FINANCIAL MANAGEMENT DIVISION (FMD). Key points: 1. Contract awarded via full and open competition, indicating a competitive bidding process. 2. The contract is for accounting and financial support services, a critical function for TSA. 3. The fixed-price contract type helps manage cost certainty for the government. 4. The contract duration is nearly four years, suggesting a long-term need.
Value Assessment
Rating: good
The contract value of $13.5M over approximately four years appears reasonable for specialized accounting services. Benchmarking against similar contracts for accounting support within federal agencies would provide a more precise assessment.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under 'full and open competition after exclusion of sources,' suggesting a competitive process was used, but specific details on source exclusion are not provided. This method aims to ensure fair pricing through competition.
Taxpayer Impact: The competitive award process is intended to secure fair market value, thus optimizing taxpayer investment in essential financial management services for the TSA.
Public Impact
Ensures continued financial integrity and operational efficiency for the Transportation Security Administration. Supports TSA's mission by providing essential accounting and financial management expertise. The contract's duration provides stability for TSA's financial operations.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of specific performance metrics or KPIs in provided data.
- Potential for scope creep in long-term service contracts.
- Dependence on a single contractor for critical financial functions.
Positive Signals
- Competitive award process.
- Firm fixed-price contract type.
- Long-term duration provides stability.
Sector Analysis
This contract falls under Other Accounting Services, a segment within professional services. Spending in this sector is driven by the need for specialized financial expertise across government agencies to ensure compliance and efficient resource management.
Small Business Impact
The contract was awarded to FEDERAL MIRACLE TECH LLC. Information regarding small business participation or subcontracting goals is not provided in the data, making it difficult to assess small business impact.
Oversight & Accountability
The award process, described as 'full and open competition after exclusion of sources,' suggests adherence to procurement regulations. However, further details on the oversight mechanisms for performance and financial management are needed.
Related Government Programs
- Other Accounting Services
- Department of Homeland Security Contracting
- Transportation Security Administration Programs
Risk Flags
- Potential for contractor performance issues impacting TSA's financial operations.
- Risk of cost overruns if scope is not tightly managed.
- Dependency on a single vendor for critical financial services.
- Lack of transparency regarding small business utilization.
Tags
other-accounting-services, department-of-homeland-security, md, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Homeland Security awarded $13.5 million to FEDERAL MIRACLE TECH LLC. TASK ORDER #70T01024F6400N002 FOR ACCOUNTING AND FINANCIAL SUPPORT SERVICES FOR TSA'S FINANCIAL MANAGEMENT DIVISION (FMD).
Who is the contractor on this award?
The obligated recipient is FEDERAL MIRACLE TECH LLC.
Which agency awarded this contract?
Awarding agency: Department of Homeland Security (Transportation Security Administration).
What is the total obligated amount?
The obligated amount is $13.5 million.
What is the period of performance?
Start: 2024-09-15. End: 2028-08-14.
What specific accounting and financial support functions will Federal Miracle Tech LLC provide, and how do these align with TSA's critical needs?
The task order focuses on accounting and financial support services for TSA's Financial Management Division. This likely includes functions such as financial reporting, budgeting, accounting operations, and compliance support. These services are critical for TSA's ability to manage its finances effectively, ensure accountability, and support its operational mission.
What are the key performance indicators (KPIs) for this contract, and how will performance be measured to ensure value for money?
The provided data does not specify the key performance indicators (KPIs) or the methods for performance measurement. A robust oversight plan should include clearly defined KPIs related to accuracy, timeliness, and responsiveness of financial services to ensure the contractor meets expectations and delivers value.
How does the pricing structure compare to industry benchmarks for similar accounting and financial support services, considering the contract's duration and scope?
While the firm fixed-price structure offers cost certainty, a detailed pricing assessment requires comparison with industry benchmarks for similar services. Factors like the contractor's overhead, labor rates, and the specific scope of work influence the overall value. Without detailed cost breakdowns or benchmark data, a definitive value assessment is challenging.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Accounting, Tax Preparation, Bookkeeping, and Payroll Services › Other Accounting Services
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › MANAGEMENT SUPPORT SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Offers Received: 1
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 7701 GREENBELT RD STE 501, GREENBELT, MD, 20770
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Economically Disadvantaged Women Owned Small Business, Joint Venture Economically Disadvantaged Women Owned Small Business, Joint Venture Women Owned Small Business, Limited Liability Corporation, Minority Owned Business, SBA Certified 8 a Joint Venture, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, Indian (Subcontinent) American Owned Business, U.S.-Owned Business, Woman Owned Business, Women Owned Small Business
Financial Breakdown
Contract Ceiling: $35,293,804
Exercised Options: $13,464,921
Current Obligation: $13,464,921
Actual Outlays: $6,559,974
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: 47QRAD20D8202
IDV Type: IDC
Timeline
Start Date: 2024-09-15
Current End Date: 2028-08-14
Potential End Date: 2029-08-14 00:00:00
Last Modified: 2025-09-08
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