Treasury's OCC Awards $59M BPA Call for Platform Management Support Services to Procentrix, LLC
Contract Overview
Contract Amount: $59,116,469 ($59.1M)
Contractor: Procentrix, LLC
Awarding Agency: Department of the Treasury
Start Date: 2019-12-31
End Date: 2026-06-30
Contract Duration: 2,373 days
Daily Burn Rate: $24.9K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 4
Pricing Type: LABOR HOURS
Sector: IT
Official Description: THE PURPOSE OF THIS LABOR HOUR BPA ORDER IS TO OBTAIN PLATFORM MANAGEMENT SUPPORT SERVICES (PMSS) FOR THE OFFICE OF THE COMPTROLLER OF THE CURRENCY
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20219
Plain-Language Summary
Department of the Treasury obligated $59.1 million to PROCENTRIX, LLC for work described as: THE PURPOSE OF THIS LABOR HOUR BPA ORDER IS TO OBTAIN PLATFORM MANAGEMENT SUPPORT SERVICES (PMSS) FOR THE OFFICE OF THE COMPTROLLER OF THE CURRENCY Key points: 1. Contract awarded via BPA Call, indicating a pre-competed framework. 2. Services are for Platform Management Support (PMSS), a critical IT function. 3. The contract duration is substantial, spanning over 6 years. 4. No small business participation noted, which could be a missed opportunity.
Value Assessment
Rating: fair
The total award amount is $59.1M over approximately 6.5 years. Without specific labor rates or hours, a direct per-unit cost comparison is difficult. However, the average annual spend is around $9M, which seems reasonable for comprehensive platform management services.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under a Full and Open Competition BPA Call. This suggests that multiple vendors likely competed for the initial BPA, and this order was placed under that established competition. The pricing discovery is dependent on the original BPA's competitive process.
Taxpayer Impact: Taxpayer funds are being used for essential IT support services. The full and open competition aims to ensure fair pricing, but the long duration and labor-hour nature warrant ongoing scrutiny.
Public Impact
Ensures continued operation and support for critical OCC platforms. Supports the financial regulatory infrastructure managed by the OCC. Potential for long-term reliance on a single vendor for platform management.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of small business participation.
- Long contract duration may limit flexibility.
- Labor hour contracts can be susceptible to cost overruns if not managed tightly.
Positive Signals
- Awarded under full and open competition.
- Supports essential government IT functions.
- Established BPA framework likely streamlines procurement.
Sector Analysis
The Office of the Comptroller of the Currency (OCC) requires robust IT support for its financial regulatory functions. Spending on IT services, particularly platform management, is a significant component of agency budgets, often benchmarked against industry standards for similar government IT contracts.
Small Business Impact
The contract data indicates that small business participation was not a factor in this award (ss=false, sb=false). Agencies are encouraged to maximize small business participation; the absence of it here may represent a missed opportunity for economic development and competition.
Oversight & Accountability
The contract is a BPA Call, which is a task order under a broader Basic Ordering Agreement. Oversight would involve monitoring Procentrix, LLC's performance against the Statement of Work and ensuring adherence to labor hour limitations and pricing. The duration suggests a need for consistent performance reviews.
Related Government Programs
- Other Computer Related Services
- Department of the Treasury Contracting
- Office of the Comptroller of the Currency Programs
Risk Flags
- Potential for cost creep in labor hour contracts.
- Long duration may lead to vendor lock-in.
- Lack of small business participation.
- Dependence on a single vendor for critical platform management.
Tags
other-computer-related-services, department-of-the-treasury, dc, bpa-call, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of the Treasury awarded $59.1 million to PROCENTRIX, LLC. THE PURPOSE OF THIS LABOR HOUR BPA ORDER IS TO OBTAIN PLATFORM MANAGEMENT SUPPORT SERVICES (PMSS) FOR THE OFFICE OF THE COMPTROLLER OF THE CURRENCY
Who is the contractor on this award?
The obligated recipient is PROCENTRIX, LLC.
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 $59.1 million.
What is the period of performance?
Start: 2019-12-31. End: 2026-06-30.
What specific platforms are being managed under this BPA Call, and what is the criticality of these platforms to the OCC's mission?
The specific platforms are not detailed in the provided data. However, as Platform Management Support Services (PMSS) for the Office of the Comptroller of the Currency (OCC), these are likely critical systems supporting financial regulation, data analysis, and operational functions. Understanding the exact systems would clarify the true value and risk associated with this contract.
How does Procentrix, LLC's proposed labor rates compare to government-wide benchmarks for similar IT support services?
Without access to the specific labor rates proposed by Procentrix, LLC, a direct comparison to government-wide benchmarks is not possible. However, given the full and open competition, it is presumed that the rates were deemed competitive at the time of award. Post-award analysis of actual spend versus estimated hours would be necessary for a thorough assessment.
What mechanisms are in place to ensure the effectiveness and efficiency of the labor hour support provided over the contract's 6.5-year duration?
Effectiveness and efficiency are typically managed through performance metrics, Service Level Agreements (SLAs), and regular performance reviews outlined in the contract. For labor hour contracts, close monitoring of hours expended against deliverables and outcomes is crucial. The OCC should have defined processes for task management and quality assurance to ensure value.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Other Computer Related Services
Product/Service Code: IT AND TELECOM - INFORMATION TECHNOLOGY AND TELECOMMUNICATIONS › ADP AND TELECOMMUNICATIONS
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Offers Received: 4
Pricing Type: LABOR HOURS (Z)
Evaluated Preference: NONE
Contractor Details
Address: 2201 COOPERATIVE WAY, SUITE 550, HERNDON, VA, 20171
Business Categories: Category Business, Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $61,289,625
Exercised Options: $61,289,625
Current Obligation: $59,116,469
Actual Outlays: $54,055,171
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: TCC15HQB0020
IDV Type: BPA
Timeline
Start Date: 2019-12-31
Current End Date: 2026-06-30
Potential End Date: 2026-06-30 00:00:00
Last Modified: 2026-03-26
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