GSA Awards $29.1M Task Order to OCTO Consulting for ESRS FSRS Modernization
Contract Overview
Contract Amount: $29,113,516 ($29.1M)
Contractor: Octo Consulting Group LLC
Awarding Agency: General Services Administration
Start Date: 2016-03-17
End Date: 2021-01-18
Contract Duration: 1,768 days
Daily Burn Rate: $16.5K/day
Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Number of Offers Received: 5
Pricing Type: FIRM FIXED PRICE
Sector: IT
Official Description: IGF::OT::IGF FBO.ESRS.FSRS MODERNIZATION CORE TASK ORDER
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20405
Plain-Language Summary
General Services Administration obligated $29.1 million to OCTO CONSULTING GROUP LLC for work described as: IGF::OT::IGF FBO.ESRS.FSRS MODERNIZATION CORE TASK ORDER Key points: 1. The contract focuses on modernizing critical federal systems, indicating a need for enhanced data management and user experience. 2. OCTO Consulting Group, a known IT services provider, secured this significant award. 3. The contract's duration and value suggest a substantial, long-term project with potential for significant impact. 4. The sector is IT services, specifically computer systems design, a competitive and evolving field.
Value Assessment
Rating: good
The award value of $29.1 million over approximately 4.8 years suggests a reasonable investment for system modernization. Benchmarking against similar large-scale IT modernization contracts is needed for a precise assessment.
Cost Per Unit: N/A
Competition Analysis
Competition Level: limited
The contract was awarded under 'FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES,' indicating a limited competition. This method may impact price discovery and potentially lead to higher costs compared to broader competition.
Taxpayer Impact: Taxpayer funds are being used for essential government IT infrastructure upgrades. The efficiency of the limited competition process will determine the ultimate value for taxpayers.
Public Impact
Modernization of ESRS FSRS is crucial for improving federal financial reporting and data integrity. Enhanced system capabilities could lead to more efficient government operations and better decision-making. The project impacts agencies relying on accurate and accessible financial data for compliance and oversight.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Limited competition may not yield the best price.
- Potential for scope creep in a multi-year modernization project.
- Dependence on a single contractor for critical system updates.
Positive Signals
- Addresses a clear need for system modernization.
- Awarded to a company with relevant IT expertise.
- Long-term engagement suggests commitment to system improvement.
Sector Analysis
This contract falls within the IT services sector, specifically computer systems design. Spending in this area is substantial across government, driven by the need to update legacy systems and improve digital services.
Small Business Impact
The contract was awarded to OCTO Consulting Group LLC, which is not explicitly identified as a small business in the provided data. Further analysis would be needed to determine if small business participation was incorporated or subcontracted.
Oversight & Accountability
The General Services Administration (GSA) oversees this contract. Standard GSA oversight mechanisms should be in place to monitor performance, cost, and adherence to contract terms, ensuring accountability.
Related Government Programs
- Computer Systems Design Services
- General Services Administration Contracting
- Federal Acquisition Service Programs
Risk Flags
- Limited competition.
- Potential for vendor lock-in.
- Complexity of IT modernization projects.
- Reliance on a single award for critical system functionality.
Tags
computer-systems-design-services, general-services-administration, dc, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
General Services Administration awarded $29.1 million to OCTO CONSULTING GROUP LLC. IGF::OT::IGF FBO.ESRS.FSRS MODERNIZATION CORE TASK ORDER
Who is the contractor on this award?
The obligated recipient is OCTO CONSULTING GROUP LLC.
Which agency awarded this contract?
Awarding agency: General Services Administration (Federal Acquisition Service).
What is the total obligated amount?
The obligated amount is $29.1 million.
What is the period of performance?
Start: 2016-03-17. End: 2021-01-18.
What specific improvements in efficiency or data accuracy are expected from the ESRS FSRS modernization?
The modernization is expected to streamline federal financial reporting processes, enhance data integrity, and improve user accessibility. Specific metrics for efficiency gains and accuracy improvements should be defined in the contract's performance work statement to allow for measurable outcomes and accountability.
How does the 'limited competition' approach impact the risk of cost overruns or suboptimal solutions?
Limited competition can increase the risk of cost overruns and suboptimal solutions by reducing market pressure on pricing and innovation. Without a wider pool of bidders, the agency may not benefit from the most competitive pricing or the most innovative technical approaches available in the market.
What is the long-term strategy for maintaining and updating the modernized ESRS FSRS system after this contract ends?
The long-term strategy for system maintenance and updates post-contract is critical. Agencies typically plan for follow-on contracts, organic sustainment by government personnel, or a combination thereof. Understanding this strategy ensures the continued effectiveness and security of the modernized system.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Computer Systems Design Services
Product/Service Code: IT AND TELECOM - INFORMATION TECHNOLOGY AND TELECOMMUNICATIONS › ADP AND TELECOMMUNICATIONS
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Solicitation ID: ID15160004
Offers Received: 5
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 10780 PARKRIDGE BLVD FL 4, RESTON, VA, 20191
Business Categories: 8(a) Program Participant, Category Business, Corporate Entity Not Tax Exempt, Minority Owned Business, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, Indian (Subcontinent) American Owned Business, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $29,113,516
Exercised Options: $29,113,516
Current Obligation: $29,113,516
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Parent Contract
Parent Award PIID: GS06F0608Z
IDV Type: GWAC
Timeline
Start Date: 2016-03-17
Current End Date: 2021-01-18
Potential End Date: 2021-05-11 00:00:00
Last Modified: 2024-09-19
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