OCC awards $2.5M contract for IT program management and computer refresh to Peraton Technology Services Inc

Contract Overview

Contract Amount: $2,535,421 ($2.5M)

Contractor: Peraton Technology Services Inc.

Awarding Agency: Department of the Treasury

Start Date: 2023-02-22

End Date: 2027-02-21

Contract Duration: 1,460 days

Daily Burn Rate: $1.7K/day

Competition Type: FULL AND OPEN COMPETITION

Pricing Type: FIRM FIXED PRICE

Sector: IT

Official Description: THE OFFICE OF THE COMPTROLLER OF THE CURRENCY (OCC) REQUIRES PROFESSIONAL SERVICES TO PROVIDE PROGRAM AND PROJECT MANAGEMENT SERVICES, INCLUDING ESTABLISHMENT OF DEDICATED SPACE FOR OPERATIONS AND THE AGENCY-WIDE COMPUTER REFRESH INITIATIVE. THE SER

Place of Performance

Location: CHANTILLY, FAIRFAX County, VIRGINIA, 20151

State: Virginia Government Spending

Plain-Language Summary

Department of the Treasury obligated $2.5 million to PERATON TECHNOLOGY SERVICES INC. for work described as: THE OFFICE OF THE COMPTROLLER OF THE CURRENCY (OCC) REQUIRES PROFESSIONAL SERVICES TO PROVIDE PROGRAM AND PROJECT MANAGEMENT SERVICES, INCLUDING ESTABLISHMENT OF DEDICATED SPACE FOR OPERATIONS AND THE AGENCY-WIDE COMPUTER REFRESH INITIATIVE. THE SER Key points: 1. Contract focuses on critical IT infrastructure upgrades and program management support. 2. Peraton Technology Services Inc. is the sole awardee. 3. The contract is for a firm-fixed-price arrangement. 4. This award falls under the IT sector, specifically custom computer programming services.

Value Assessment

Rating: good

The contract value of $2.5M for a 4-year period appears reasonable for comprehensive IT program management and a significant agency-wide computer refresh. Benchmarking against similar large-scale IT infrastructure projects would provide further context.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, indicating a robust process for selecting the best value. The BPA Call award mechanism suggests a pre-competed framework was utilized, potentially streamlining the acquisition process.

Taxpayer Impact: The competitive nature of the award aims to ensure taxpayer funds are used efficiently for essential IT services and infrastructure modernization.

Public Impact

Ensures modernization of OCC's computer systems, improving operational efficiency. Supports critical program and project management functions within the agency. Potential for enhanced cybersecurity posture with updated hardware and management. Provides stability for IT operations through a 4-year contract term.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Lack of specific small business participation noted.
Limited details on performance metrics and success criteria.

Positive Signals

Awarded through full and open competition.
Firm-fixed-price contract provides cost certainty.
Addresses critical agency IT needs.

Sector Analysis

This contract falls within the Information Technology sector, specifically custom computer programming services. Spending in this area is substantial across federal agencies, focusing on system modernization, cybersecurity, and data management.

Small Business Impact

The data indicates that this contract was not set aside for small businesses (sb: false). Further analysis would be needed to determine if small business subcontracting opportunities were mandated or pursued.

Oversight & Accountability

The award was made by the Office of the Comptroller of the Currency, a bureau within the Department of the Treasury. Standard federal procurement oversight processes would apply to ensure contract performance and accountability.

Related Government Programs

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

Risk Flags

Sole awardee for a critical IT initiative.
No explicit mention of small business subcontracting goals.
Contract duration of 4 years may limit flexibility for future technological shifts.
Potential for vendor lock-in.

Frequently Asked Questions

What is this federal contract paying for?

Department of the Treasury awarded $2.5 million to PERATON TECHNOLOGY SERVICES INC.. THE OFFICE OF THE COMPTROLLER OF THE CURRENCY (OCC) REQUIRES PROFESSIONAL SERVICES TO PROVIDE PROGRAM AND PROJECT MANAGEMENT SERVICES, INCLUDING ESTABLISHMENT OF DEDICATED SPACE FOR OPERATIONS AND THE AGENCY-WIDE COMPUTER REFRESH INITIATIVE. THE SER

Who is the contractor on this award?

The obligated recipient is PERATON TECHNOLOGY SERVICES 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 $2.5 million.

What is the period of performance?

Start: 2023-02-22. End: 2027-02-21.

What specific performance metrics will be used to evaluate Peraton's success in program and project management and the computer refresh initiative?

The provided data does not detail specific performance metrics. Typically, such contracts include Service Level Agreements (SLAs) and Key Performance Indicators (KPIs) related to project timelines, budget adherence, system uptime, user satisfaction, and successful deployment of new hardware. A thorough review of the contract's Statement of Work (SOW) would be necessary to identify these metrics and ensure robust oversight.

What is the potential risk associated with Peraton Technology Services Inc. being the sole awardee for this significant IT initiative?

While awarded through full and open competition, having a single awardee for a large IT program carries inherent risks. These include potential over-reliance on one vendor, reduced leverage for future negotiations, and the risk of performance issues impacting the entire agency if the vendor falters. Mitigation strategies often involve strong contract management, clear performance expectations, and contingency planning.

How effectively does this contract address the OCC's long-term IT modernization goals beyond the immediate computer refresh?

The contract's scope includes 'program and project management services,' suggesting a broader strategic role beyond just the computer refresh. This implies the potential for Peraton to contribute to the OCC's long-term IT strategy, including infrastructure planning, system integration, and adoption of new technologies. The effectiveness will depend on the clarity of the SOW and the agency's ability to leverage these services for strategic IT development.

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 - END USER

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Parent Company: Veritas Capital Fund Management, L.L.C.

Address: 15050 CONFERENCE CENTER DR, CHANTILLY, VA, 20151

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $3,014,428

Exercised Options: $2,535,421

Current Obligation: $2,535,421

Actual Outlays: $1,890,876

Subaward Activity

Number of Subawards: 66

Total Subaward Amount: $18,837,243

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: 2031JW23A00001

IDV Type: BPA

Timeline