Commerce Awards $4.9M for Personal Property & Audit Support Services to INNOVIM, LLC
Contract Overview
Contract Amount: $4,945,499 ($4.9M)
Contractor: Innovim, LLC
Awarding Agency: Department of Commerce
Start Date: 2022-03-25
End Date: 2026-05-31
Contract Duration: 1,528 days
Daily Burn Rate: $3.2K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 5
Pricing Type: FIRM FIXED PRICE
Sector: IT
Official Description: PERSONAL PROPERTY & AUDIT SUPPORT SERVICES.
Place of Performance
Location: SILVER SPRING, MONTGOMERY County, MARYLAND, 20910
State: Maryland Government Spending
Plain-Language Summary
Department of Commerce obligated $4.9 million to INNOVIM, LLC for work described as: PERSONAL PROPERTY & AUDIT SUPPORT SERVICES. Key points: 1. Contract awarded to INNOVIM, LLC for essential property and audit support. 2. The contract value is $4.9 million over its period of performance. 3. This service falls under IT consulting and custom programming. 4. Competition method was full and open, suggesting market availability.
Value Assessment
Rating: fair
The contract value of $4.9M for property and audit support services appears reasonable given the scope and duration. Benchmarking against similar IT support contracts is difficult without more granular detail on specific services provided.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, indicating that multiple vendors could bid. The BPA Call award mechanism suggests a pre-competed framework was utilized, which can lead to efficient price discovery.
Taxpayer Impact: Taxpayer funds are being used for essential administrative and IT support services, with competition aiming for cost-effectiveness.
Public Impact
Ensures proper management and auditing of government personal property. Supports NOAA's operational efficiency through IT and audit services. Provides continuity of essential administrative functions for the agency.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of specific service details makes deep value assessment challenging.
- Potential for scope creep in audit and property support services.
Positive Signals
- Full and open competition utilized.
- Firm fixed price contract type.
Sector Analysis
This contract falls within the IT professional services sector, specifically custom computer programming and related services. Spending benchmarks for this category vary widely based on specialization and contract complexity.
Small Business Impact
The data indicates this contract was not awarded to a small business (sb: false). Therefore, there is no direct benefit to small businesses from this specific award.
Oversight & Accountability
The award was made by the Department of Commerce, NOAA, utilizing a BPA Call. Oversight would typically involve contract officers and program managers ensuring adherence to terms and performance standards.
Related Government Programs
- Custom Computer Programming Services
- Department of Commerce Contracting
- National Oceanic and Atmospheric Administration Programs
Risk Flags
- Limited detail on specific services.
- Potential for vendor lock-in if not managed carefully.
- Reliance on a single vendor for critical support functions.
Tags
custom-computer-programming-services, department-of-commerce, md, bpa-call, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Commerce awarded $4.9 million to INNOVIM, LLC. PERSONAL PROPERTY & AUDIT SUPPORT SERVICES.
Who is the contractor on this award?
The obligated recipient is INNOVIM, LLC.
Which agency awarded this contract?
Awarding agency: Department of Commerce (National Oceanic and Atmospheric Administration).
What is the total obligated amount?
The obligated amount is $4.9 million.
What is the period of performance?
Start: 2022-03-25. End: 2026-05-31.
What specific audit and property management functions are included in this contract?
The provided data lacks granular detail on the specific audit and personal property management functions. This information is crucial for a thorough assessment of value and to understand the precise support provided to NOAA. Without it, we assume standard functions like inventory tracking, asset lifecycle management, and compliance audits.
What is the risk associated with the vendor's performance given the contract duration?
The primary risk is potential performance degradation over the contract's ~4-year duration. INNOVIM, LLC's ability to maintain service quality and adapt to evolving agency needs will be key. Regular performance reviews and clear communication channels are essential to mitigate this risk and ensure continued value.
How effectively does this contract support NOAA's mission objectives?
This contract likely supports NOAA's mission by ensuring efficient management of its assets and compliance with audit requirements, freeing up agency personnel for core scientific and operational tasks. Effective execution of property and audit support is foundational for reliable agency operations and resource accountability.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Custom Computer Programming Services
Product/Service Code: IT AND TELECOM - INFORMATION TECHNOLOGY AND TELECOMMUNICATIONS › IT AND TELECOM - IT MANAGEMENT
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Offers Received: 5
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 6401 GOLDEN TRIANGLE DR, GREENBELT, MD, 20770
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Limited Liability Corporation, Small Business, Special Designations, U.S.-Owned Business, Woman Owned Business, Women Owned Small Business
Financial Breakdown
Contract Ceiling: $7,414,932
Exercised Options: $5,559,300
Current Obligation: $4,945,499
Actual Outlays: $2,825,037
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: 1305M421ANAAA0092
IDV Type: BPA
Timeline
Start Date: 2022-03-25
Current End Date: 2026-05-31
Potential End Date: 2026-05-31 00:00:00
Last Modified: 2026-02-25
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