Treasury's $57.2M Contract with URS Federal Services for Technical Services Awarded Under Full and Open Competition
Contract Overview
Contract Amount: $57,244,099 ($57.2M)
Contractor: URS Federal Services, Inc.
Awarding Agency: Department of the Treasury
Start Date: 2001-06-15
End Date: 2011-11-30
Contract Duration: 3,820 days
Daily Burn Rate: $15.0K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 2
Pricing Type: COST PLUS AWARD FEE
Sector: Other
Place of Performance
Location: MANASSAS, PRINCE WILLIAM County, VIRGINIA, 20109
State: Virginia Government Spending
Plain-Language Summary
Department of the Treasury obligated $57.2 million to URS FEDERAL SERVICES, INC. for work described as: Key points: 1. Significant contract value of $57.2 million over its life. 2. URS Federal Services, Inc. was the sole awardee. 3. Awarded under full and open competition, suggesting a competitive bidding process. 4. The contract falls under 'All Other Professional, Scientific, and Technical Services' (NAICS 541990).
Value Assessment
Rating: fair
The contract type is Cost Plus Award Fee (CPAF), which can lead to higher costs if not managed carefully. The award fee structure incentivizes performance but requires robust oversight to ensure value for money.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, indicating that multiple bidders were likely considered. This method generally promotes price discovery and competitive pricing.
Taxpayer Impact: The use of full and open competition is generally favorable for taxpayers as it aims to secure the best value through competitive bidding.
Public Impact
Taxpayers funded a significant contract for professional and technical services. The duration of the contract (over 10 years) suggests a long-term need for these services. The specific nature of 'All Other Professional, Scientific, and Technical Services' is broad, making it difficult to assess direct public impact without further detail.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Potential for cost overruns with CPAF contract type.
- Lack of specific details on the services provided.
- Long contract duration may not reflect evolving needs.
Positive Signals
- Awarded through full and open competition.
- Contractor has a history of performance (implied by award).
Sector Analysis
The 'All Other Professional, Scientific, and Technical Services' category is broad and can encompass a wide range of support functions. Benchmarking requires more specific service details, but the $57.2M value over 10 years suggests a substantial engagement.
Small Business Impact
The data does not indicate any specific set-aside for small businesses, and the prime contractor is URS Federal Services, Inc., which is typically a large business. Further analysis would be needed to determine small business subcontracting participation.
Oversight & Accountability
The Cost Plus Award Fee (CPAF) contract type necessitates strong oversight to ensure performance targets are met and costs are controlled. The agency's ability to manage the award fee component is crucial for accountability.
Related Government Programs
- All Other Professional, Scientific, and Technical Services
- Department of the Treasury Contracting
- Departmental Offices Programs
Risk Flags
- Potential for cost overruns due to CPAF structure.
- Lack of specific service details hinders value assessment.
- Long contract duration may not align with evolving needs.
- No indication of small business participation.
Tags
all-other-professional-scientific-and-te, department-of-the-treasury, va, dca, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of the Treasury awarded $57.2 million to URS FEDERAL SERVICES, INC.. See the official description on USAspending.
Who is the contractor on this award?
The obligated recipient is URS FEDERAL SERVICES, INC..
Which agency awarded this contract?
Awarding agency: Department of the Treasury (Departmental Offices).
What is the total obligated amount?
The obligated amount is $57.2 million.
What is the period of performance?
Start: 2001-06-15. End: 2011-11-30.
What specific technical services were provided under this contract, and how did they contribute to the Department of the Treasury's mission?
The contract falls under NAICS code 541990, 'All Other Professional, Scientific, and Technical Services.' Without further details, it's impossible to specify the exact services. These could range from IT support and data analysis to specialized scientific consulting or program management. Understanding the precise nature of these services is critical to assessing their value and alignment with the Treasury's strategic objectives.
Given the Cost Plus Award Fee (CPAF) structure, what mechanisms were in place to ensure cost control and prevent contractor overcharging?
A CPAF contract incentivizes performance through award fees but also carries inherent risks of cost escalation. Effective oversight would involve rigorous monitoring of costs, clear performance metrics tied to award fee criteria, and regular audits. The Department of the Treasury would need robust program management and financial controls to ensure that award fees were justified by exceptional performance and that overall costs remained reasonable.
How did the 'full and open competition' process ensure the best possible value was obtained for the taxpayer, considering the contract's long duration?
Full and open competition is designed to maximize the number of potential bidders, thereby fostering a competitive environment that drives down prices and improves service quality. For a long-duration contract, the initial competition should have assessed not only upfront costs but also the contractor's ability to maintain performance and cost-effectiveness over the entire period. Regular performance reviews and potential re-competition or contract modifications would be essential to ensure continued value.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Other Professional, Scientific, and Technical Services › All Other Professional, Scientific, and Technical Services
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › MANAGEMENT SUPPORT SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Offers Received: 2
Pricing Type: COST PLUS AWARD FEE (R)
Contractor Details
Parent Company: AECOM Global II, LLC (UEI: 043271568)
Address: 100 CALIFORNIA ST, SAN FRANCISCO, CA, 90
Business Categories: Category Business, Not Designated a Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $99,009,374
Exercised Options: $99,009,374
Current Obligation: $57,244,099
Timeline
Start Date: 2001-06-15
Current End Date: 2011-11-30
Potential End Date: 2011-11-30 00:00:00
Last Modified: 2011-11-04
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