DoD Spends $141.5M on Public Finance Activities with Leidos Government Services, Inc
Contract Overview
Contract Amount: $141,516,728 ($141.5M)
Contractor: Leidos Government Services, Inc.
Awarding Agency: Department of Defense
Start Date: 2002-02-11
End Date: 2007-01-31
Contract Duration: 1,815 days
Daily Burn Rate: $78.0K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 2
Pricing Type: COMBINATION (TWO OR MORE)
Sector: Other
Place of Performance
Location: CLEVELAND, CUYAHOGA County, OHIO, 44199
State: Ohio Government Spending
Plain-Language Summary
Department of Defense obligated $141.5 million to LEIDOS GOVERNMENT SERVICES, INC. for work described as: Key points: 1. Significant contract value of $141.5 million over 5 years. 2. Awarded under full and open competition, suggesting market availability. 3. Potential risk associated with long-term contracts and evolving financial needs. 4. Sector focus on public finance activities within the defense industry.
Value Assessment
Rating: good
The contract value of $141.5 million over approximately 5 years suggests a substantial investment. Benchmarking against similar public finance activities contracts would be necessary for a precise pricing assessment.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
Awarded under full and open competition, this method typically fosters competitive pricing. The agency likely received multiple bids, allowing for price discovery and selection of the most advantageous offer.
Taxpayer Impact: The $141.5 million expenditure represents taxpayer funds allocated to essential public finance activities within the Department of Defense.
Public Impact
Ensures continuity of critical public finance operations for the Department of Defense. Supports financial management and accounting functions essential for military readiness. Potential for innovation and efficiency improvements through competitive contract awards.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Long contract duration (5 years) may not adapt to rapidly changing financial regulations.
- Lack of specific performance metrics makes it difficult to assess value for money.
- No indication of small business participation.
Positive Signals
- Awarded through full and open competition, maximizing potential for competitive pricing.
- Contract supports essential defense financial operations.
Sector Analysis
This contract falls within the Public Finance Activities sector, which is crucial for government financial management. Spending benchmarks for similar IT or professional services contracts within the DoD can provide context.
Small Business Impact
The data indicates that this contract was not awarded to small businesses (sb: false). Further analysis would be needed to determine if small business participation was sought or if opportunities were missed.
Oversight & Accountability
Oversight would involve monitoring contract performance against defined objectives and ensuring compliance with financial regulations. The duration suggests a need for regular reviews to ensure continued relevance and value.
Related Government Programs
- Public Finance Activities
- Department of Defense Contracting
- Defense Finance and Accounting Service Programs
Risk Flags
- Long contract duration (5 years) may lead to obsolescence or missed opportunities for innovation.
- Lack of specific performance metrics makes value assessment challenging.
- No indication of small business participation.
- Potential for vendor lock-in with a single provider for critical financial functions.
Tags
public-finance-activities, department-of-defense, oh, dca, 100m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Defense awarded $141.5 million to LEIDOS GOVERNMENT SERVICES, INC.. See the official description on USAspending.
Who is the contractor on this award?
The obligated recipient is LEIDOS GOVERNMENT SERVICES, INC..
Which agency awarded this contract?
Awarding agency: Department of Defense (Defense Finance and Accounting Service).
What is the total obligated amount?
The obligated amount is $141.5 million.
What is the period of performance?
Start: 2002-02-11. End: 2007-01-31.
What specific public finance activities are covered under this contract, and how do they align with current DoD financial management needs?
The contract covers 'Public Finance Activities' (NAICS 921130), which generally includes government financial management, budgeting, accounting, and treasury functions. For the DoD, this likely encompasses payroll, benefits administration, accounting systems, and financial reporting. Alignment with current needs requires assessing if the services provided by Leidos are still the most effective and efficient solutions given evolving DoD financial modernization efforts and regulatory changes.
Given the $141.5 million value and 5-year duration, what are the primary risks to the government in terms of cost overruns or performance failures?
Key risks include potential cost overruns if contract terms are not tightly managed or if unforeseen requirements arise. Performance failures could stem from Leidos's inability to adapt to new financial regulations or technologies, impacting critical DoD operations. The long duration also increases the risk of vendor lock-in and reduced flexibility in adopting more innovative solutions.
How effectively did the 'full and open competition' process ensure the best value for taxpayers in this $141.5 million award?
Full and open competition generally promotes best value by encouraging multiple bidders to offer competitive pricing and innovative solutions. However, effectiveness hinges on the clarity of the solicitation, the evaluation criteria used, and the government's ability to negotiate favorable terms. Without detailed award documentation, it's difficult to definitively assess the extent to which this process secured optimal value for the $141.5 million expenditure.
Industry Classification
NAICS: Public Administration › Executive, Legislative, and Other General Government Support › Public Finance Activities
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › MANAGEMENT SUPPORT SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Offers Received: 2
Pricing Type: COMBINATION (TWO OR MORE) (2)
Contractor Details
Parent Company: Lockheed Martin Corp (UEI: 834951691)
Address: ONE CURIE COURT, ROCKVILLE, MD, 08
Business Categories: Category Business, Not Designated a Small Business
Contract Characteristics
Cost or Pricing Data: NO
Timeline
Start Date: 2002-02-11
Current End Date: 2007-01-31
Potential End Date: 2007-01-31 00:00:00
Last Modified: 2009-01-05
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