Treasury's IRS awards $26.7M for Computer Systems Design Services to Iron Bow Technologies
Contract Overview
Contract Amount: $26,669,430 ($26.7M)
Contractor: Iron BOW Technologies, LLC
Awarding Agency: Department of the Treasury
Start Date: 2001-09-26
End Date: 2015-05-14
Contract Duration: 4,978 days
Daily Burn Rate: $5.4K/day
Competition Type: FULL AND OPEN COMPETITION
Pricing Type: FIRM FIXED PRICE
Sector: IT
Place of Performance
Location: CHANTILLY, FAIRFAX County, VIRGINIA, 20151
State: Virginia Government Spending
Plain-Language Summary
Department of the Treasury obligated $26.7 million to IRON BOW TECHNOLOGIES, LLC for work described as: Key points: 1. Contract value of $26.7 million over its period of performance. 2. Competition type is 'Full and Open', indicating broad market access. 3. Risk appears moderate given the service type and contract structure. 4. IT sector spending, specifically computer systems design.
Value Assessment
Rating: good
The contract value of $26.7 million over nearly 8 years suggests a reasonable annual spend. Benchmarking against similar IT services contracts would provide a clearer picture of value.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, allowing any qualified vendor to bid. This method generally promotes competitive pricing and ensures the government receives the best value.
Taxpayer Impact: The competitive nature of the award is positive for taxpayers, as it likely led to more favorable pricing than a sole-source or limited competition contract.
Public Impact
Ensures continued IT support for the IRS, a critical government function. Supports a private sector company, contributing to the economy. The long duration suggests a stable, ongoing need for these services.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Long contract duration could lead to price increases over time if not managed.
- Potential for vendor lock-in if services become highly integrated.
Positive Signals
- Full and open competition promotes best value.
- Firm fixed price contract provides cost certainty.
Sector Analysis
This contract falls within the Information Technology sector, specifically computer systems design services. Spending in this area is substantial across government agencies, supporting critical infrastructure and operations.
Small Business Impact
The data indicates this contract was not awarded to a small business. Further analysis would be needed to determine if small business set-asides were considered or if opportunities were missed.
Oversight & Accountability
Oversight would focus on performance metrics, adherence to the firm fixed price, and ensuring the services delivered meet the IRS's evolving technological needs throughout the contract's lifespan.
Related Government Programs
- Computer Systems Design Services
- Department of the Treasury Contracting
- Internal Revenue Service Programs
Risk Flags
- Potential for scope creep over the contract's long duration.
- Lack of small business participation noted.
- Dependency on a single vendor for critical IT design services.
Tags
computer-systems-design-services, department-of-the-treasury, va, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of the Treasury awarded $26.7 million to IRON BOW TECHNOLOGIES, LLC. See the official description on USAspending.
Who is the contractor on this award?
The obligated recipient is IRON BOW TECHNOLOGIES, LLC.
Which agency awarded this contract?
Awarding agency: Department of the Treasury (Internal Revenue Service).
What is the total obligated amount?
The obligated amount is $26.7 million.
What is the period of performance?
Start: 2001-09-26. End: 2015-05-14.
What specific computer systems design services were procured under this contract?
The contract specifies 'Computer Systems Design Services' (NAICS 541512). This broad category typically includes designing, developing, and implementing computer systems, integrating hardware and software, and providing related consulting. Specific deliverables would be detailed in the contract's statement of work, outlining the exact IT solutions and support required by the IRS.
How does the contract's total value compare to the average for similar IRS IT service contracts?
The total award of $26.7 million over approximately 8 years averages to about $3.3 million annually. This figure needs to be benchmarked against similar IRS contracts for computer systems design to assess if it represents a competitive or inflated price. Factors like service scope, complexity, and vendor capabilities influence pricing.
What mechanisms were in place to ensure effective service delivery and accountability?
As a firm fixed-price contract awarded through full and open competition, accountability is driven by the vendor's need to deliver specified services to receive payment. The IRS likely had contract officers and technical representatives monitoring performance against the statement of work, with defined procedures for addressing any deficiencies or disputes.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Computer Systems Design Services
Product/Service Code: INFORMATION TECHNOLOGY EQUIPMENT (INCLD FIRMWARE) SOFTWARE,SUPPLIES& SUPPORT EQUIPMENT
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 4800 WESTFIELDS BLVD, CHANTILLY, VA, 20151
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business
Financial Breakdown
Contract Ceiling: $27,528,178
Exercised Options: $27,528,178
Current Obligation: $26,669,430
Contract Characteristics
Commercial Item: COMMERCIAL ITEM
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: GS35F4460G
IDV Type: FSS
Timeline
Start Date: 2001-09-26
Current End Date: 2015-05-14
Potential End Date: 2015-05-14 00:00:00
Last Modified: 2017-06-02
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