Treasury's OCC Awards $12.7M IT Policy Contract to PBG Consulting for 5 Years

Contract Overview

Contract Amount: $12,701,643 ($12.7M)

Contractor: PBG Consulting, LLC

Awarding Agency: Department of the Treasury

Start Date: 2021-03-23

End Date: 2026-09-22

Contract Duration: 2,009 days

Daily Burn Rate: $6.3K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 7

Pricing Type: LABOR HOURS

Sector: IT

Official Description: THE CONTRACTOR SHALL PROVIDE INFORMATION TECHNOLOGY POLICY AND GOVERNANCE (ITP&G) SUPPORT SERVICES FOR TASKS OUTLINED IN THE SOW FOR THE OCC.

Place of Performance

Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20219

State: District of Columbia Government Spending

Plain-Language Summary

Department of the Treasury obligated $12.7 million to PBG CONSULTING, LLC for work described as: THE CONTRACTOR SHALL PROVIDE INFORMATION TECHNOLOGY POLICY AND GOVERNANCE (ITP&G) SUPPORT SERVICES FOR TASKS OUTLINED IN THE SOW FOR THE OCC. Key points: 1. Contract focuses on IT Policy and Governance support services. 2. PBG Consulting, LLC is the sole awardee. 3. The contract spans over five years, indicating a long-term need. 4. NAICS code 541511 suggests custom computer programming services.

Value Assessment

Rating: fair

The contract value of $12.7M over five years averages $2.54M annually. Benchmarking against similar IT policy and governance support contracts is difficult without more specific service details, but the annual value appears moderate for specialized federal IT support.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, suggesting a competitive bidding process. This method is generally expected to yield fair market prices, though specific pricing details are not provided.

Taxpayer Impact: Taxpayer funds are being used for essential IT policy and governance support, which is crucial for the OCC's operations. The competitive award aims to ensure value for money.

Public Impact

Ensures effective IT policy and governance for the Office of the Comptroller of the Currency. Supports critical functions related to technology management and compliance. The long-term nature of the contract suggests ongoing reliance on these services.

Waste & Efficiency Indicators

Waste Risk Score: 63 / 10

Warning Flags

Lack of specific performance metrics or deliverables in provided data.
No indication of small business participation.

Positive Signals

Awarded under full and open competition.
Long-term contract provides stability for essential services.

Sector Analysis

This contract falls within the Information Technology sector, specifically custom computer programming services. Federal spending in IT policy and governance is substantial, driven by the need for cybersecurity, data management, and digital transformation.

Small Business Impact

The provided data indicates that this contract was not awarded to a small business (ss: false, sb: false). Further analysis would be needed to determine if small business set-asides were considered or if opportunities were missed.

Oversight & Accountability

The contract is managed by the Department of the Treasury for the Office of the Comptroller of the Currency. Oversight would involve monitoring PBG Consulting's performance against the Statement of Work and ensuring compliance with federal procurement regulations.

Related Government Programs

Custom Computer Programming Services
Department of the Treasury Contracting
Office of the Comptroller of the Currency Programs

Risk Flags

Potential for cost overruns due to labor hour contract type.
Lack of transparency on specific deliverables and performance metrics.
No small business participation noted.
Contract duration may exceed actual need if requirements change.

Frequently Asked Questions

What is this federal contract paying for?

Department of the Treasury awarded $12.7 million to PBG CONSULTING, LLC. THE CONTRACTOR SHALL PROVIDE INFORMATION TECHNOLOGY POLICY AND GOVERNANCE (ITP&G) SUPPORT SERVICES FOR TASKS OUTLINED IN THE SOW FOR THE OCC.

Who is the contractor on this award?

The obligated recipient is PBG CONSULTING, 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 $12.7 million.

What is the period of performance?

Start: 2021-03-23. End: 2026-09-22.

What specific IT policy and governance tasks are included in the Statement of Work, and how do they align with the OCC's strategic objectives?

The Statement of Work (SOW) details the specific tasks required for IT Policy and Governance (ITP&G) support. These tasks likely encompass developing, implementing, and maintaining IT policies, ensuring compliance with federal regulations (e.g., FISMA, NIST), managing IT governance frameworks, and providing strategic advice on technology adoption and risk management. The alignment with OCC's objectives would be evident in how these services contribute to secure, efficient, and compliant technology operations supporting the OCC's mission.

How does the pricing structure (labor hours) ensure cost-effectiveness and prevent potential overruns for these IT policy and governance services?

A labor hour contract provides flexibility but requires diligent oversight to manage costs. Cost-effectiveness is achieved through competitive bidding and potentially by establishing ceiling rates. Preventing overruns relies on robust task order management, clear performance expectations, and regular reviews of labor hours expended against progress. The OCC must actively monitor the contractor's efficiency and the necessity of all labor hours billed to ensure value.

What are the key performance indicators (KPIs) used to measure the effectiveness of PBG Consulting's IT policy and governance support services?

Effective measurement of IT policy and governance support typically involves KPIs related to policy development timelines, compliance audit success rates, reduction in IT-related security incidents, successful implementation of governance frameworks, and stakeholder satisfaction. Without the SOW or performance reports, specific KPIs for PBG Consulting are unknown. The OCC would need to define and track these metrics to ensure the contractor is delivering tangible value and meeting objectives.

Industry Classification

NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Custom Computer Programming 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: 7

Pricing Type: LABOR HOURS (Z)

Evaluated Preference: NONE

Contractor Details

Address: 7925 JONES BRANCH DR STE 2125, MC LEAN, VA, 22102

Business Categories: 8(a) Program Participant, Black American Owned Business, Category Business, Economically Disadvantaged Women Owned Small Business, Limited Liability Corporation, Minority Owned Business, Partnership or Limited Liability Partnership, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, U.S.-Owned Business, Woman Owned Business, Women Owned Small Business

Financial Breakdown

Contract Ceiling: $13,697,893

Exercised Options: $12,701,643

Current Obligation: $12,701,643

Actual Outlays: $11,630,178

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: GS35F706GA

IDV Type: FSS

Timeline