Treasury's OCC Spends $19.4M on HQ Relocation Furniture via BPA Call
Contract Overview
Contract Amount: $19,445,522 ($19.4M)
Contractor: JMC Business Systems, Inc.
Awarding Agency: Department of the Treasury
Start Date: 2012-03-28
End Date: 2013-09-30
Contract Duration: 551 days
Daily Burn Rate: $35.3K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 3
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: IGF::OT::IGF OTHER FUNCTIONS BPA CALL 0006 FOR THE HEADQUARTERS RELOCATION PROJECT FURNITURE
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20219
Plain-Language Summary
Department of the Treasury obligated $19.4 million to JMC BUSINESS SYSTEMS, INC. for work described as: IGF::OT::IGF OTHER FUNCTIONS BPA CALL 0006 FOR THE HEADQUARTERS RELOCATION PROJECT FURNITURE Key points: 1. Significant expenditure on furniture for a headquarters relocation project. 2. Contract awarded to JMC BUSINESS SYSTEMS, INC. under a BPA Call. 3. Spending occurred over a 1.5-year period. 4. The contract type is Firm Fixed Price, providing cost certainty.
Value Assessment
Rating: fair
The total award amount of $19.4M for furniture is substantial. Benchmarking against similar large-scale relocation furniture contracts is difficult without more specific itemization, but the scale suggests a need for careful cost management.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, indicating a competitive bidding process. This method generally promotes better price discovery and value for the government.
Taxpayer Impact: Taxpayer funds were used for this expenditure. The firm fixed price contract limits cost overruns, but the overall value depends on the necessity and efficiency of the relocation and furnishing.
Public Impact
Government employees will benefit from new office furnishings. Potential disruption during the relocation process. The expenditure supports administrative functions of the Office of the Comptroller of the Currency.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- High total expenditure for furniture.
- Relocation projects can be complex and prone to delays/cost increases.
Positive Signals
- Firm Fixed Price contract.
- Awarded under Full and Open Competition.
Sector Analysis
This expenditure falls under administrative management and general management consulting services, specifically related to office setup and relocation. Benchmarking is difficult without specific furniture itemization, but large-scale office furnishing contracts can represent significant investments.
Small Business Impact
The data does not indicate if small businesses were involved in this specific BPA call or the prime contract. Further analysis would be needed to determine small business participation.
Oversight & Accountability
The award was made via a BPA Call, suggesting it was a pre-competed agreement. Oversight would focus on ensuring the furniture procured met specifications and was delivered on time and within budget.
Related Government Programs
- Administrative Management and General Management Consulting Services
- Department of the Treasury Contracting
- Office of the Comptroller of the Currency Programs
Risk Flags
- High total expenditure.
- Potential for scope creep in relocation projects.
- Lack of detailed cost breakdown for value assessment.
- Limited insight into specific furniture quality and vendor performance.
Tags
administrative-management-and-general-ma, department-of-the-treasury, dc, bpa, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of the Treasury awarded $19.4 million to JMC BUSINESS SYSTEMS, INC.. IGF::OT::IGF OTHER FUNCTIONS BPA CALL 0006 FOR THE HEADQUARTERS RELOCATION PROJECT FURNITURE
Who is the contractor on this award?
The obligated recipient is JMC BUSINESS SYSTEMS, INC..
Which agency awarded this contract?
Awarding agency: Department of the Treasury (Office of the Comptroller of the Currency).
What is the total obligated amount?
The obligated amount is $19.4 million.
What is the period of performance?
Start: 2012-03-28. End: 2013-09-30.
What was the specific breakdown of furniture items and their costs within the $19.4M award?
A detailed breakdown of furniture items and their associated costs is not provided in the available data. Understanding the specific types of furniture, quantities, and unit prices would be crucial for a thorough value assessment and comparison against market rates for similar quality and volume.
Were there any cost savings realized due to the BPA structure compared to a standalone contract?
The use of a BPA (Blanket Purchase Agreement) generally aims to streamline procurement and potentially achieve better pricing through pre-negotiated terms. However, without a direct comparison to a hypothetical standalone contract for the same scope, it's difficult to quantify specific cost savings realized solely from the BPA structure for this particular call.
How did the final cost compare to initial estimates for the headquarters relocation furniture?
The provided data does not include initial cost estimates for the furniture. Therefore, a comparison to determine if the final $19.4M expenditure was within, above, or below projections cannot be made. This information would be essential for assessing cost control effectiveness during the project.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Management, Scientific, and Technical Consulting Services › Administrative Management and General Management Consulting Services
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › PROFESSIONAL SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Offers Received: 3
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 6551 LOISDALE CT STE 714, SPRINGFIELD, VA, 11
Business Categories: Category Business, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $19,445,522
Exercised Options: $19,445,522
Current Obligation: $19,445,522
Parent Contract
Parent Award PIID: TCC11HQW0003
IDV Type: BPA
Timeline
Start Date: 2012-03-28
Current End Date: 2013-09-30
Potential End Date: 2013-09-30 00:00:00
Last Modified: 2014-06-25
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