Doj's $1.98M Contract for Accounting Services Awarded to Tronconi Segarra & Associates LLP
Contract Overview
Contract Amount: $1,986,818 ($2.0M)
Contractor: Tronconi Segarra & Associates LLP
Awarding Agency: Department of Justice
Start Date: 2020-09-30
End Date: 2026-06-30
Contract Duration: 2,099 days
Daily Burn Rate: $947/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 5
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: CHAPTER 7 AUDITS TRUSTEE BANKRUPTCY GEOGRAPHICAL AREA 1 AND GEOGRAPHICAL AREA 2 ADMINISTRATION
Place of Performance
Location: WILLIAMSVILLE, ERIE County, NEW YORK, 14221
State: New York Government Spending
Plain-Language Summary
Department of Justice obligated $2.0 million to TRONCONI SEGARRA & ASSOCIATES LLP for work described as: CHAPTER 7 AUDITS TRUSTEE BANKRUPTCY GEOGRAPHICAL AREA 1 AND GEOGRAPHICAL AREA 2 ADMINISTRATION Key points: 1. The contract is for accounting services, specifically for Chapter 7 audits in bankruptcy cases. 2. The award was made under full and open competition, indicating a competitive bidding process. 3. The contract duration is substantial, spanning from September 2020 to June 2026. 4. The fixed-price contract type suggests predictable costs for the government.
Value Assessment
Rating: fair
The contract value of $1.98M over approximately 6 years seems reasonable for specialized accounting services in bankruptcy. Benchmarking against similar contracts for trustee services would provide a clearer picture of value.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded through full and open competition, suggesting a robust price discovery process. This method typically leads to more competitive pricing compared to limited or sole-source awards.
Taxpayer Impact: The competitive award process aims to ensure taxpayer funds are used efficiently for essential bankruptcy administration services.
Public Impact
Ensures proper administration of Chapter 7 bankruptcy cases through independent audits. Supports the judicial system's oversight of financial proceedings. Provides essential accounting expertise to bankruptcy trustees.
Waste & Efficiency Indicators
Waste Risk Score: 94 / 10
Positive Signals
- Full and open competition
- Firm fixed price contract
- Long-term contract for stable service provision
Sector Analysis
This contract falls within the professional services sector, specifically accounting and auditing. Government spending on such services is crucial for regulatory compliance and financial oversight across various agencies.
Small Business Impact
The data does not indicate whether small businesses were involved in this contract, either as prime contractors or subcontractors. Further analysis would be needed to assess small business participation.
Oversight & Accountability
The Department of Justice's oversight ensures that contracted services meet the required standards for bankruptcy administration. The fixed-price nature of the contract aids in budget predictability.
Related Government Programs
- Offices of Certified Public Accountants
- Department of Justice Contracting
- Offices, Boards and Divisions Programs
Risk Flags
- Long contract duration may lead to price escalation if not managed.
- Lack of specific performance metrics in summary data.
- Potential for cost overruns if case complexity is underestimated.
Tags
offices-of-certified-public-accountants, department-of-justice, ny, delivery-order, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Justice awarded $2.0 million to TRONCONI SEGARRA & ASSOCIATES LLP. CHAPTER 7 AUDITS TRUSTEE BANKRUPTCY GEOGRAPHICAL AREA 1 AND GEOGRAPHICAL AREA 2 ADMINISTRATION
Who is the contractor on this award?
The obligated recipient is TRONCONI SEGARRA & ASSOCIATES LLP.
Which agency awarded this contract?
Awarding agency: Department of Justice (Offices, Boards and Divisions).
What is the total obligated amount?
The obligated amount is $2.0 million.
What is the period of performance?
Start: 2020-09-30. End: 2026-06-30.
What is the average cost per audit or per case handled under this contract?
The provided data does not break down the contract value by individual audits or bankruptcy cases. To determine the average cost per case, one would need access to the number of cases administered and the total value disbursed for those services over the contract period. This information is not available in the current dataset.
Are there any performance metrics or quality assurance measures in place for these accounting services?
The contract details do not explicitly list performance metrics or quality assurance measures. However, as a government contract, it is presumed to operate under standard performance expectations and oversight from the Department of Justice. Specific quality controls would typically be detailed in the contract's statement of work.
How does the pricing of this contract compare to similar contracts awarded by other federal agencies for bankruptcy trustee services?
Without access to a broader dataset of similar contracts, a direct comparison of pricing is difficult. The 'fair' rating suggests it's within an expected range, but a definitive benchmark requires analyzing pricing structures, service scopes, and geographic factors of comparable agreements across the federal government.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Accounting, Tax Preparation, Bookkeeping, and Payroll Services › Offices of Certified Public Accountants
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: 5
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 8321 MAIN ST, WILLIAMSVILLE, NY, 14221
Business Categories: Category Business, Partnership or Limited Liability Partnership, Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $3,558,498
Exercised Options: $3,558,498
Current Obligation: $1,986,818
Actual Outlays: $1,736,335
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: 47QRAA20D000P
IDV Type: FSS
Timeline
Start Date: 2020-09-30
Current End Date: 2026-06-30
Potential End Date: 2026-06-30 00:00:00
Last Modified: 2026-02-17
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