Commerce Dept. awards $24.1M for Core Financial System Support to Accenture LLP
Contract Overview
Contract Amount: $24,106,426 ($24.1M)
Contractor: Accenture LLP
Awarding Agency: Department of Commerce
Start Date: 2007-07-03
End Date: 2012-07-02
Contract Duration: 1,826 days
Daily Burn Rate: $13.2K/day
Competition Type: COMPETITIVE DELIVERY ORDER
Number of Offers Received: 1
Pricing Type: LABOR HOURS
Sector: IT
Official Description: CORE FINANCIAL SYSTEM SUPPORT SERVICES WHICH MEET THE OBJECTIVES OF THE CBS SOLUTIONS CENTER AND SUPPORT THE OFM/CBS CSC RESPONISIBILITY FOR MAINTAINING THE CBS/COR FINANCIAL SYSTEM (CFS) APPLICATION SOFTWARE AND APPLICABLE INTERFACES AS WELL AS ALL RELATED CUSTOMER SUPPORT ACTIVITIES.
Place of Performance
Location: GAITHERSBURG, MONTGOMERY County, MARYLAND, 20877
State: Maryland Government Spending
Plain-Language Summary
Department of Commerce obligated $24.1 million to ACCENTURE LLP for work described as: CORE FINANCIAL SYSTEM SUPPORT SERVICES WHICH MEET THE OBJECTIVES OF THE CBS SOLUTIONS CENTER AND SUPPORT THE OFM/CBS CSC RESPONISIBILITY FOR MAINTAINING THE CBS/COR FINANCIAL SYSTEM (CFS) APPLICATION SOFTWARE AND APPLICABLE INTERFACES AS WELL AS ALL RELATED CUSTOMER SUPPORT ACTIV… Key points: 1. Accenture LLP secured a significant contract for essential financial system support. 2. The contract value of $24.1M over five years indicates a substantial investment. 3. Competition details are limited, but the award type suggests a competitive process. 4. The IT services sector is critical for government operations and modernization.
Value Assessment
Rating: good
The contract value of $24.1M over five years appears reasonable for comprehensive IT support services. Benchmarking against similar large-scale financial system support contracts would provide a more precise assessment.
Cost Per Unit: N/A
Competition Analysis
Competition Level: unknown
The contract was awarded as a competitive delivery order. The specific competition method and the extent of price discovery are not detailed, but the 'competitive' designation implies multiple bids were considered.
Taxpayer Impact: Taxpayer funds are utilized for essential government IT infrastructure, aiming for efficient financial system operations.
Public Impact
Ensures continuity of critical financial operations for the Department of Commerce. Supports the maintenance and functionality of the government's financial system applications. Provides customer support for financial system users, enhancing usability and efficiency.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of detailed competition specifics
- Potential for vendor lock-in with long-term support contracts
Positive Signals
- Essential service for government financial stability
- Long-term contract provides predictable support
Sector Analysis
This contract falls within the IT services sector, specifically focusing on custom software development and IT support. Government spending in this area is substantial, driven by the need for secure, efficient, and modern digital infrastructure.
Small Business Impact
The contract was awarded to Accenture LLP, a large business. There is no indication of small business participation in this specific award, suggesting opportunities may lie in subcontracting roles.
Oversight & Accountability
The Department of Commerce's Office of the Secretary is responsible for overseeing this contract. Standard government oversight mechanisms for contract performance and financial management are expected to be in place.
Related Government Programs
- Other Computer Related Services
- Department of Commerce Contracting
- Office of the Secretary Programs
Risk Flags
- Limited transparency on competitive process details
- Potential for cost overruns if scope creeps
- Reliance on a single vendor for critical system support
- Risk of outdated technology if not managed proactively
Tags
other-computer-related-services, department-of-commerce, md, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Commerce awarded $24.1 million to ACCENTURE LLP. CORE FINANCIAL SYSTEM SUPPORT SERVICES WHICH MEET THE OBJECTIVES OF THE CBS SOLUTIONS CENTER AND SUPPORT THE OFM/CBS CSC RESPONISIBILITY FOR MAINTAINING THE CBS/COR FINANCIAL SYSTEM (CFS) APPLICATION SOFTWARE AND APPLICABLE INTERFACES AS WELL AS ALL RELATED CUSTOMER SUPPORT ACTIVITIES.
Who is the contractor on this award?
The obligated recipient is ACCENTURE LLP.
Which agency awarded this contract?
Awarding agency: Department of Commerce (Office of the Secretary).
What is the total obligated amount?
The obligated amount is $24.1 million.
What is the period of performance?
Start: 2007-07-03. End: 2012-07-02.
What was the specific competitive process used for this delivery order, and how did it ensure optimal value for the government?
The data indicates a 'Competitive Delivery Order,' suggesting multiple vendors were solicited. However, details on the evaluation criteria, number of bids received, and the specific price negotiation strategies are not provided. Further analysis would require access to the solicitation and award documents to understand the full scope of the competitive process and its impact on achieving best value.
What are the key performance indicators (KPIs) for this contract, and how is Accenture's performance being measured to mitigate risks?
The provided data does not specify the Key Performance Indicators (KPIs) or the performance measurement framework for this contract. Effective oversight would typically involve defined metrics for system uptime, response times for support requests, and successful software updates. Regular performance reviews and adherence to service level agreements are crucial for mitigating risks associated with IT system support.
How does the ongoing support and maintenance of the CFS application contribute to the overall modernization goals of the Department of Commerce's financial systems?
The continued support for the CFS application is crucial for maintaining the stability and functionality of the Department of Commerce's financial operations. While this contract focuses on existing systems, it likely serves as a bridge or foundational element for future modernization efforts. The effectiveness of this support in enabling broader modernization depends on how well it integrates with or transitions to newer technologies and platforms.
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 › ADP AND TELECOMMUNICATIONS
Competition & Pricing
Extent Competed: COMPETITIVE DELIVERY ORDER
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Offers Received: 1
Pricing Type: LABOR HOURS (Z)
Evaluated Preference: NONE
Contractor Details
Parent Company: Accenture Public Limited Company (UEI: 985015354)
Address: 11951 FREEDOM DR STE 1000, RESTON, VA, 20190
Business Categories: Category Business, Not Designated a Small Business, Partnership or Limited Liability Partnership
Financial Breakdown
Contract Ceiling: $485,413,383
Exercised Options: $341,353,212
Current Obligation: $24,106,426
Contract Characteristics
Commercial Item: COMMERCIAL ITEM PROCEDURES NOT USED
Parent Contract
Parent Award PIID: GS35F4692G
IDV Type: FSS
Timeline
Start Date: 2007-07-03
Current End Date: 2012-07-02
Potential End Date: 2012-07-02 00:00:00
Last Modified: 2021-11-25
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