DHS awards $31.7M for Financial Support Services to Miracle Systems LLC
Contract Overview
Contract Amount: $31,704,555 ($31.7M)
Contractor: Miracle Systems LLC
Awarding Agency: Department of Homeland Security
Start Date: 2014-03-01
End Date: 2019-09-14
Contract Duration: 2,023 days
Daily Burn Rate: $15.7K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 5
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: IGF::CL::IGF FINANCIAL SUPPORT SERVICES
Place of Performance
Location: ARLINGTON, LOUDOUN County, VIRGINIA, 20598
State: Virginia Government Spending
Plain-Language Summary
Department of Homeland Security obligated $31.7 million to MIRACLE SYSTEMS LLC for work described as: IGF::CL::IGF FINANCIAL SUPPORT SERVICES Key points: 1. The contract value is $31.7 million over its period of performance. 2. Miracle Systems LLC is the sole awardee. 3. The contract was awarded under full and open competition. 4. The sector appears to be administrative and support services.
Value Assessment
Rating: fair
The contract value of $31.7 million for financial support services over approximately 5.5 years suggests a moderate annual spend. Benchmarking against similar contracts would be necessary to determine if this pricing is competitive.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded through full and open competition, indicating a competitive bidding process. This method generally promotes price discovery and can lead to more favorable pricing for the government.
Taxpayer Impact: The competitive award process suggests that taxpayers are likely receiving a fair price for the services rendered.
Public Impact
Provides essential financial support services to the Transportation Security Administration. Supports a critical government agency in its operational functions. The contract duration spans over five years, ensuring continuity of services.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of specific performance metrics provided.
- Potential for cost overruns if scope changes.
- Dependence on a single contractor for critical services.
Positive Signals
- Awarded through full and open competition.
- Firm Fixed Price contract type limits cost uncertainty.
- Long-term contract provides service stability.
Sector Analysis
This contract falls within the professional, scientific, and technical services sector, specifically focusing on financial support. Spending in this area is common across government agencies for administrative and operational efficiency.
Small Business Impact
The data does not indicate if small businesses were involved in the subcontracting or prime contracting opportunities for this award.
Oversight & Accountability
Oversight would typically be managed by the Department of Homeland Security's contracting officers and program managers to ensure service delivery and adherence to contract terms.
Related Government Programs
- Mortgage and Nonmortgage Loan Brokers
- Department of Homeland Security Contracting
- Transportation Security Administration Programs
Risk Flags
- Contract duration is lengthy (over 5 years).
- Specific services are not clearly defined.
- No indication of small business participation.
- Potential for scope creep and cost increases.
Tags
mortgage-and-nonmortgage-loan-brokers, department-of-homeland-security, va, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Homeland Security awarded $31.7 million to MIRACLE SYSTEMS LLC. IGF::CL::IGF FINANCIAL SUPPORT SERVICES
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 (Transportation Security Administration).
What is the total obligated amount?
The obligated amount is $31.7 million.
What is the period of performance?
Start: 2014-03-01. End: 2019-09-14.
What specific financial support services are being provided under this contract?
The contract description 'Mortgage and Nonmortgage Loan Brokers' and 'FINANCIAL SUPPORT SERVICES' suggests services related to financial transactions, loan processing, or advisory services. However, without further details, the exact nature of these services remains unclear. Clarification would be needed to assess their criticality and alignment with TSA's mission.
What is the benchmarked per-unit cost for these financial support services?
A per-unit cost benchmark is not readily available without more specific details on the services provided. To establish a benchmark, one would need to identify comparable contracts for similar financial support functions within the federal government or private sector, considering factors like volume, complexity, and service level agreements.
How effectively are these services contributing to the TSA's mission objectives?
The effectiveness of these financial support services in contributing to the TSA's mission is not explicitly detailed in the provided data. While financial support is crucial for operations, a direct link to mission outcomes would require performance reports and an assessment of how these services enable or enhance security and transportation efficiency.
Industry Classification
NAICS: Finance and Insurance › Activities Related to Credit Intermediation › Mortgage and Nonmortgage Loan Brokers
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › MANAGEMENT SUPPORT SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Solicitation ID: HSTS01-13-Q-FIN031
Offers Received: 5
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 1621 N KENT STREET SUITE 1000, ARLINGTON, VA, 22209
Business Categories: 8(a) Program Participant, American Indian Owned Business, Category Business, Corporate Entity Not Tax Exempt, Limited Liability Corporation, Minority Owned Business, Small Business, Small Disadvantaged Business, Special Designations, Indian (Subcontinent) American Owned Business, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $31,704,555
Exercised Options: $31,704,555
Current Obligation: $31,704,555
Contract Characteristics
Commercial Item: COMMERCIAL ITEM
Parent Contract
Parent Award PIID: GS23F0048U
IDV Type: FSS
Timeline
Start Date: 2014-03-01
Current End Date: 2019-09-14
Potential End Date: 2019-09-14 00:00:00
Last Modified: 2020-04-01
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