DHS ICE awards $30.7M for accounting services to Miracle Systems LLC under full and open competition
Contract Overview
Contract Amount: $30,736,390 ($30.7M)
Contractor: Miracle Systems LLC
Awarding Agency: Department of Homeland Security
Start Date: 2017-07-05
End Date: 2023-01-31
Contract Duration: 2,036 days
Daily Burn Rate: $15.1K/day
Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Number of Offers Received: 3
Pricing Type: LABOR HOURS
Sector: Other
Official Description: IGF::OT::IGF FINANCIAL STATEMENT REPORTING AND ANALYSIS
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20536
Plain-Language Summary
Department of Homeland Security obligated $30.7 million to MIRACLE SYSTEMS LLC for work described as: IGF::OT::IGF FINANCIAL STATEMENT REPORTING AND ANALYSIS Key points: 1. Contract awarded for accounting services, indicating a need for financial expertise within ICE. 2. Miracle Systems LLC secured the contract, suggesting competitive pricing or specialized capabilities. 3. The contract duration is substantial (2036 days), implying a long-term need for these services. 4. The award value of $30.7M requires careful monitoring for cost-effectiveness over its lifespan.
Value Assessment
Rating: good
The contract value of $30.7M over approximately 5.6 years suggests a reasonable annual spend for specialized accounting services. Benchmarking against similar government contracts for accounting services would provide a more precise assessment.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under 'FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES,' indicating a competitive process was used. This method generally promotes price discovery and ensures fair market value is obtained.
Taxpayer Impact: The competitive award process aims to ensure taxpayer funds are used efficiently for necessary accounting services.
Public Impact
Ensures continued financial reporting and analysis capabilities for U.S. Immigration and Customs Enforcement. Supports the operational needs of a critical federal agency. Provides stability for the contractor, Miracle Systems LLC, and its employees.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Long contract duration could lead to scope creep or changing requirements.
- Potential for cost overruns if not closely managed.
- Reliance on a single contractor for critical accounting functions.
Positive Signals
- Competitive award process suggests fair pricing.
- Contract addresses a clear need for accounting services.
- Established contract with defined end date.
Sector Analysis
This contract falls under professional services, specifically accounting. Government spending in this sector is consistent, driven by regulatory compliance and operational needs. Benchmarks for similar accounting service contracts vary widely based on scope and duration.
Small Business Impact
The data does not indicate if small businesses were involved in the subcontracting or prime contracting opportunities for this award. Further analysis would be needed to determine small business participation.
Oversight & Accountability
The contract's long duration necessitates robust oversight from DHS ICE to ensure performance standards are met and costs remain within budget. Regular performance reviews and audits are crucial.
Related Government Programs
- Other Accounting Services
- Department of Homeland Security Contracting
- U.S. Immigration and Customs Enforcement Programs
Risk Flags
- Long contract duration may not reflect current market conditions.
- Potential for cost escalation over the contract period.
- Dependence on a single vendor for critical financial functions.
- Need for strong contract oversight to ensure value for money.
Tags
other-accounting-services, department-of-homeland-security, dc, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Homeland Security awarded $30.7 million to MIRACLE SYSTEMS LLC. IGF::OT::IGF FINANCIAL STATEMENT REPORTING AND ANALYSIS
Who is the contractor on this award?
The obligated recipient is MIRACLE SYSTEMS LLC.
Which agency awarded this contract?
Awarding agency: Department of Homeland Security (U.S. Immigration and Customs Enforcement).
What is the total obligated amount?
The obligated amount is $30.7 million.
What is the period of performance?
Start: 2017-07-05. End: 2023-01-31.
What specific accounting services are being provided, and how do they align with ICE's core mission objectives?
The contract is for 'Other Accounting Services' (NAICS 541219), which can encompass a broad range of financial support. These likely include financial statement reporting, analysis, and potentially audit support. Alignment with ICE's mission would involve ensuring these services facilitate accurate financial management and accountability for the agency's operations and budget.
What are the key performance indicators (KPIs) for this contract, and how is performance being measured?
Specific KPIs are not detailed in the provided data. However, for accounting services, typical KPIs would include accuracy of financial reporting, timeliness of deliverables, adherence to accounting standards (e.g., GAAP), and responsiveness to inquiries. ICE's contracting officers would be responsible for monitoring these metrics throughout the contract's lifecycle.
Are there any identified risks associated with the long duration of this contract, and what mitigation strategies are in place?
The primary risk of a long-duration contract (over 5 years) is the potential for outdated requirements, scope creep, or increased costs due to market fluctuations. Mitigation strategies could include built-in review periods, clear change control processes, and performance-based incentives to ensure continued value and relevance.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Accounting, Tax Preparation, Bookkeeping, and Payroll Services › Other Accounting Services
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › MANAGEMENT SUPPORT SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Offers Received: 3
Pricing Type: LABOR HOURS (Z)
Evaluated Preference: NONE
Contractor Details
Address: 1621 N KENT STREET SUITE 1000, ARLINGTON, VA, 22209
Business Categories: 8(a) Program Participant, Category Business, Corporate Entity Not Tax Exempt, Limited Liability Corporation, 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: $30,746,390
Exercised Options: $30,736,390
Current Obligation: $30,736,390
Actual Outlays: $2,286,058
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: GS00Q14OADS207
IDV Type: IDC
Timeline
Start Date: 2017-07-05
Current End Date: 2023-01-31
Potential End Date: 2023-01-31 00:00:00
Last Modified: 2023-05-16
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