GOVCIO, LLC awarded $163.8M contract for IT services by Export-Import Bank

Contract Overview

Contract Amount: $1,638,528 ($1.6M)

Contractor: Govcio, LLC

Awarding Agency: Export-Import Bank of the United States

Start Date: 2025-04-13

End Date: 2027-04-12

Contract Duration: 729 days

Daily Burn Rate: $2.2K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 4

Pricing Type: FIRM FIXED PRICE

Sector: IT

Official Description: AMS

Place of Performance

Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20571

State: District of Columbia Government Spending

Plain-Language Summary

Export-Import Bank of the United States obligated $1.6 million to GOVCIO, LLC for work described as: AMS Key points: 1. Contract value represents a significant investment in IT services for the Export-Import Bank. 2. The contract was awarded under full and open competition, suggesting a competitive bidding process. 3. The fixed-price nature of the contract shifts performance risk to the contractor. 4. The contract duration of 729 days indicates a medium-term engagement for IT support. 5. The primary service category is 'Other Computer Related Services', a broad IT function. 6. The award amount is substantial, requiring careful monitoring of performance and value.

Value Assessment

Rating: good

The contract value of $163.8 million over approximately two years suggests a significant investment in IT services. Benchmarking this against similar large-scale IT service contracts for federal agencies is crucial. Without specific details on the scope of services, a precise value-for-money assessment is challenging. However, the firm-fixed-price structure is generally favorable for the government, as it caps costs. Further analysis would require comparing the per-unit costs of specific services against market rates or historical agency spending.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

This contract was awarded under full and open competition, indicating that all responsible sources were permitted to submit a bid. The presence of 4 bids (no=4) suggests a reasonable level of competition for this IT services requirement. A competitive process like this generally leads to better price discovery and potentially more favorable terms for the government compared to sole-source or limited competition awards.

Taxpayer Impact: Taxpayers benefit from a competitive award process, as it is expected to drive down costs and ensure the government receives the best possible value for its investment in IT services.

Public Impact

The Export-Import Bank of the United States benefits from enhanced IT services, potentially improving operational efficiency and data security. The contract supports the delivery of 'Other Computer Related Services', which could encompass a wide range of IT functions critical to the agency's mission. The primary geographic impact is within the District of Columbia, where the Export-Import Bank is headquartered. The contract may have implications for the IT workforce, potentially creating or sustaining jobs within the contractor's organization.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Potential for scope creep if service definitions are not tightly managed.
Dependence on a single contractor for critical IT functions could pose a risk if performance falters.
Ensuring the contractor maintains adequate cybersecurity measures is paramount given the sensitive nature of government data.

Positive Signals

Awarded through full and open competition, indicating a robust selection process.
Firm-fixed-price contract type helps control costs and manage budget predictability.
The contractor, GOVCIO, LLC, is likely experienced in providing IT services to government entities.

Sector Analysis

This contract falls within the broader Information Technology (IT) sector, specifically focusing on 'Other Computer Related Services'. The IT services market for federal agencies is substantial, with significant spending allocated annually to software, hardware, and related support. Contracts of this magnitude are common for agencies requiring comprehensive IT infrastructure and support. Benchmarking against similar IT service contracts awarded by other federal agencies can provide context on pricing and scope.

Small Business Impact

The data indicates that this contract was not set aside for small businesses (ss=false, sb=false). Therefore, there are no direct subcontracting implications for small businesses arising from a specific set-aside. However, the prime contractor, GOVCIO, LLC, may choose to subcontract portions of the work to small businesses as part of their overall business strategy, which could indirectly benefit the small business ecosystem.

Oversight & Accountability

Oversight for this contract will likely be managed by the contracting officer and program managers within the Export-Import Bank of the United States. Performance monitoring, adherence to contract terms, and quality assurance will be key oversight mechanisms. Transparency is generally maintained through contract award databases and reporting requirements. The Inspector General's office for the Export-Import Bank would have jurisdiction to investigate any potential fraud, waste, or abuse related to this contract.

Related Government Programs

IT Professional Services
Computer Systems Design Services
IT Support Services
Cloud Computing Services
Cybersecurity Services

Risk Flags

Potential for vendor lock-in if not managed carefully.
Risk of cost overruns if the scope is not well-defined.
Cybersecurity vulnerabilities could be exploited.

Frequently Asked Questions

What is this federal contract paying for?

Export-Import Bank of the United States awarded $1.6 million to GOVCIO, LLC. AMS

Who is the contractor on this award?

The obligated recipient is GOVCIO, LLC.

Which agency awarded this contract?

Awarding agency: Export-Import Bank of the United States (Export-Import Bank of the United States).

What is the total obligated amount?

The obligated amount is $1.6 million.

What is the period of performance?

Start: 2025-04-13. End: 2027-04-12.

What is the specific breakdown of services covered under 'Other Computer Related Services' for this contract?

The provided data classifies the contract under NAICS code 541519, 'Other Computer Related Services'. This is a broad category that can encompass a wide array of IT services beyond core software development or hardware maintenance. Examples might include IT consulting, data processing services, disaster recovery planning, IT infrastructure management, network design, and specialized IT support. A detailed statement of work (SOW) within the contract documents would specify the exact services required by the Export-Import Bank, including deliverables, performance standards, and reporting obligations. Without access to the SOW, the precise nature of the services remains general.

How does the $163.8 million contract value compare to the Export-Import Bank's historical IT spending?

To assess how the $163.8 million contract value compares to the Export-Import Bank's historical IT spending, one would need to analyze past contract awards and budget allocations for IT services. This single contract represents a significant portion of the agency's IT budget, spanning approximately two years. If the bank has historically awarded similar large-scale contracts for IT services, this award might be in line with its strategic investments. Conversely, if this is a substantial increase, it could indicate a new initiative, a shift in IT strategy, or the consolidation of previously fragmented IT support. A review of the bank's annual reports and contract databases would be necessary for a comprehensive historical comparison.

What are the key performance indicators (KPIs) that will be used to measure GOVCIO, LLC's performance?

Key Performance Indicators (KPIs) for this contract would be defined in the Performance Work Statement (PWS) or Statement of Work (SOW) within the contract. Given the nature of IT services, common KPIs might include system uptime percentages, response times for service requests, resolution rates for IT issues, adherence to security protocols, project completion timelines, and user satisfaction ratings. The firm-fixed-price contract type suggests that the government will hold GOVCIO, LLC accountable for meeting specific, measurable, achievable, relevant, and time-bound (SMART) objectives. Regular performance reviews and service level agreement (SLA) monitoring would be employed to track these KPIs.

What is the potential impact of this contract on the IT market within the District of Columbia?

This $163.8 million contract awarded to GOVCIO, LLC, for IT services in the District of Columbia, signifies a substantial injection of funds into the local IT sector. It is likely to create or sustain numerous high-skilled IT jobs within the contractor's organization and potentially its subcontractors. The presence of a large federal contract can also attract other IT service providers to the region, fostering competition and innovation. Furthermore, it may lead to increased demand for related services such as cybersecurity, cloud computing, and IT consulting within the DC metropolitan area, benefiting the broader IT ecosystem.

Are there any specific cybersecurity requirements or compliance standards mandated for GOVCIO, LLC under this contract?

Federal IT contracts, especially those involving sensitive government data, invariably include stringent cybersecurity requirements. While not explicitly detailed in the provided summary data, it is highly probable that GOVCIO, LLC must adhere to specific cybersecurity standards mandated by the Export-Import Bank and federal regulations. This could include compliance with NIST (National Institute of Standards and Technology) frameworks, such as NIST SP 800-53, for security and privacy controls. Requirements might also cover data encryption, access controls, incident response protocols, and regular security audits. Failure to meet these cybersecurity mandates could result in contract penalties or termination.

Industry Classification

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

Solicitation ID: 83310125Q0012

Offers Received: 4

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 4000 LEGATO RD, FAIRFAX, VA, 22033

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

Financial Breakdown

Contract Ceiling: $4,096,320

Exercised Options: $1,638,528

Current Obligation: $1,638,528

Actual Outlays: $546,176

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: GS35F0263Y

IDV Type: FSS

Timeline