CFPB Awards $21.2M Cloud Engineering BPA Call to IT Concepts, Inc. for 3 Years

Contract Overview

Contract Amount: $21,274,264 ($21.3M)

Contractor: IT Concepts, Inc.

Awarding Agency: Consumer Financial Protection Bureau

Start Date: 2024-03-29

End Date: 2026-10-28

Contract Duration: 943 days

Daily Burn Rate: $22.6K/day

Competition Type: FULL AND OPEN COMPETITION

Pricing Type: LABOR HOURS

Sector: IT

Official Description: CLOUD ENGINEERING SUPPORT SERVICES BPA CALL #5

Place of Performance

Location: VIENNA, FAIRFAX County, VIRGINIA, 22182

State: Virginia Government Spending

Plain-Language Summary

Consumer Financial Protection Bureau obligated $21.3 million to IT CONCEPTS, INC. for work described as: CLOUD ENGINEERING SUPPORT SERVICES BPA CALL #5 Key points: 1. The contract is for cloud engineering support services, a critical area for modern IT infrastructure. 2. IT Concepts, Inc. is the awardee, with no prior contract history with the CFPB in this specific service area. 3. The contract duration is over 2.5 years, indicating a need for sustained support. 4. The award was made under a BPA Call, suggesting a pre-competed framework was utilized.

Value Assessment

Rating: fair

The award amount of $21.2M over 943 days (approx. 3 years) suggests a daily rate of roughly $22,560. This is a significant investment, and without specific labor hour details or comparable contract data, it's difficult to definitively assess pricing efficiency.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, which is positive for price discovery. However, the use of a BPA Call implies that the primary competition occurred at the BPA level, and this call may have had limited direct competition among BPA holders.

Taxpayer Impact: The use of full and open competition aims to ensure taxpayer funds are used efficiently, but the ultimate impact depends on the effectiveness of the competition at both the BPA and call levels.

Public Impact

Consumers may benefit from improved stability and security of financial services platforms due to enhanced cloud engineering. The CFPB's ability to manage sensitive financial data is bolstered by this support. The contract supports a key government function related to financial regulation and consumer protection.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Lack of detailed performance metrics in the provided data.
Potential for cost overruns if labor hours are not managed effectively.
Dependence on a single vendor for critical cloud infrastructure support.

Positive Signals

Awarded under full and open competition.
Supports critical government functions.
Long-term contract provides stability for service delivery.

Sector Analysis

This contract falls within the Computer Systems Design Services sector, which is experiencing significant growth driven by digital transformation. Spending in this area is crucial for agencies to maintain and modernize their IT infrastructure, with benchmarks varying widely based on service complexity and duration.

Small Business Impact

The data indicates this contract was not awarded to a small business (ss: false, sb: false). Therefore, there is no direct benefit to small businesses through this specific award, though the prime contractor may utilize subcontractors.

Oversight & Accountability

The award was made via a BPA Call, which typically involves pre-established oversight mechanisms from the parent BPA. Further oversight would involve monitoring contractor performance against the Statement of Work and ensuring adherence to labor hour limitations.

Related Government Programs

Computer Systems Design Services
Consumer Financial Protection Bureau Contracting
Consumer Financial Protection Bureau Programs

Risk Flags

Potential for cost overruns due to labor hour basis.
Limited visibility into specific service deliverables and performance metrics.
Dependence on a single vendor for critical cloud infrastructure.
Lack of small business participation in this specific award.

Frequently Asked Questions

What is this federal contract paying for?

Consumer Financial Protection Bureau awarded $21.3 million to IT CONCEPTS, INC.. CLOUD ENGINEERING SUPPORT SERVICES BPA CALL #5

Who is the contractor on this award?

The obligated recipient is IT CONCEPTS, INC..

Which agency awarded this contract?

Awarding agency: Consumer Financial Protection Bureau (Consumer Financial Protection Bureau).

What is the total obligated amount?

The obligated amount is $21.3 million.

What is the period of performance?

Start: 2024-03-29. End: 2026-10-28.

What is the specific breakdown of labor categories and estimated hours included in this BPA Call, and how do these rates compare to market benchmarks for similar cloud engineering services?

The provided data does not include a detailed breakdown of labor categories or estimated hours. To assess value, a comparison of the proposed hourly rates against industry benchmarks for cloud engineers with relevant certifications and experience would be necessary. Without this granular data, it's challenging to determine if the pricing is competitive or represents a fair value for the services rendered.

What are the key performance indicators (KPIs) for this contract, and what mechanisms are in place to mitigate risks associated with vendor lock-in or performance deficiencies in cloud engineering?

The provided data does not specify the KPIs for this contract. Risk mitigation strategies typically include clearly defined performance standards, regular performance reviews, and contract clauses that allow for corrective action or termination for non-performance. To prevent vendor lock-in, agencies often ensure knowledge transfer and maintain the ability to transition services to another vendor or in-house team.

How does the successful execution of this cloud engineering support contract contribute to the CFPB's overall mission objectives and the effectiveness of its consumer protection initiatives?

Effective cloud engineering support is crucial for the CFPB's mission by ensuring the reliability, security, and scalability of the IT systems that underpin its operations. This includes protecting sensitive consumer data, enabling efficient data analysis for regulatory purposes, and maintaining the availability of public-facing services. Robust cloud infrastructure directly enhances the agency's ability to execute its consumer protection mandate.

Industry Classification

NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Computer Systems Design 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: 9531CB24Q0040

Pricing Type: LABOR HOURS (Z)

Evaluated Preference: NONE

Contractor Details

Address: 1600 SPRING HILL RD STE 305, VIENNA, VA, 22182

Business Categories: 8(a) Program Participant, Category Business, Corporate Entity Not Tax Exempt, Minority Owned Business, Self-Certified Small Disadvantaged Business, Service Disabled Veteran Owned Business, Small Business, Special Designations, Subchapter S Corporation, Indian (Subcontinent) American Owned Business, U.S.-Owned Business, Veteran Owned Business

Financial Breakdown

Contract Ceiling: $21,281,264

Exercised Options: $21,274,264

Current Obligation: $21,274,264

Actual Outlays: $14,490,889

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: 9531CB21A0004

IDV Type: BPA

Timeline