Treasury's Bureau of Engraving and Printing awards $4.82M for ANTON PAR annual maintenance to NEXUS GROUP, LLC
Contract Overview
Contract Amount: $48,200 ($48.2K)
Contractor: Nexus Group, LLC
Awarding Agency: Department of the Treasury
Start Date: 2024-09-28
End Date: 2026-09-27
Contract Duration: 729 days
Daily Burn Rate: $66/day
Competition Type: NOT COMPETED UNDER SAP
Number of Offers Received: 1
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: NEW AWARD - ANTON PAR ANNUAL MAINTENANCE
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20228
Plain-Language Summary
Department of the Treasury obligated $48,200 to NEXUS GROUP, LLC for work described as: NEW AWARD - ANTON PAR ANNUAL MAINTENANCE Key points: 1. The contract is for electronic and precision equipment repair and maintenance. 2. Awarded to NEXUS GROUP, LLC, a single entity. 3. The contract duration is 729 days. 4. This is a firm-fixed-price contract. 5. The award value is $4.82 million.
Value Assessment
Rating: questionable
The contract value of $4.82M for a 2-year maintenance period for specialized equipment appears high without competitive benchmarking. The lack of competition makes it difficult to assess if this price is reasonable compared to market rates for similar services.
Cost Per Unit: N/A
Competition Analysis
Competition Level: limited
The contract was not competed under Simplified Acquisition Procedures (SAP), indicating it may have been a limited competition or sole-source award. The absence of a competitive process limits price discovery and potentially leads to higher costs for taxpayers.
Taxpayer Impact: Without competition, taxpayers may be overpaying for this essential maintenance service, as there was no market pressure to drive down costs.
Public Impact
Ensures continued operation of critical printing equipment. Potential for increased costs due to lack of competition. Supports a single vendor for specialized maintenance needs. Impact on government's ability to secure best value for maintenance services.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of competition
- Potential for overpayment
- Limited vendor options
Positive Signals
- Essential service maintenance
- Firm fixed price contract
Sector Analysis
The Electronic and Precision Equipment Repair and Maintenance sector (NAICS 811210) often involves specialized skills and parts. Benchmarking costs in this sector is crucial, especially for government contracts where competitive bidding is expected to ensure value.
Small Business Impact
The awardee, NEXUS GROUP, LLC, is not identified as a small business in the provided data. The contract was not competed under SAP, which often includes provisions for small business set-asides, suggesting limited small business participation in this specific award.
Oversight & Accountability
The lack of competitive bidding raises questions about oversight and accountability in the procurement process. Further review is needed to understand why this contract was not competed and if proper justification exists.
Related Government Programs
- Electronic and Precision Equipment Repair and Maintenance
- Department of the Treasury Contracting
- Bureau of Engraving and Printing Programs
Risk Flags
- Lack of competitive bidding
- Potential for inflated pricing
- Limited vendor transparency
- No small business participation noted
Tags
electronic-and-precision-equipment-repai, department-of-the-treasury, dc, purchase-order, under-100k
Frequently Asked Questions
What is this federal contract paying for?
Department of the Treasury awarded $48,200 to NEXUS GROUP, LLC. NEW AWARD - ANTON PAR ANNUAL MAINTENANCE
Who is the contractor on this award?
The obligated recipient is NEXUS GROUP, LLC.
Which agency awarded this contract?
Awarding agency: Department of the Treasury (Bureau of Engraving and Printing).
What is the total obligated amount?
The obligated amount is $48,200.
What is the period of performance?
Start: 2024-09-28. End: 2026-09-27.
What is the justification for not competing this contract under SAP, and what steps were taken to ensure fair pricing?
The justification for not competing under SAP is not provided. Typically, such decisions require documented rationale, such as the unavailability of qualified sources or urgent needs. Without this, it's difficult to assess if fair pricing was achieved through alternative means, highlighting a potential gap in accountability.
What are the risks associated with relying on a single vendor for critical equipment maintenance, especially without competitive pricing?
The primary risks include potential price gouging, reduced service quality due to lack of competitive pressure, and vulnerability if the vendor faces financial or operational difficulties. This reliance can lead to higher long-term costs and operational disruptions for the agency.
How effective is this contract in ensuring the operational readiness of the Bureau of Engraving and Printing's equipment given the procurement method?
While the contract ensures maintenance, its effectiveness in terms of value for money is questionable due to the lack of competition. The agency secures the necessary service, but the absence of competitive bidding may mean they are not achieving optimal operational readiness at the best possible cost.
Industry Classification
NAICS: Other Services (except Public Administration) › Electronic and Precision Equipment Repair and Maintenance › Electronic and Precision Equipment Repair and Maintenance
Product/Service Code: MAINT, REPAIR, REBUILD EQUIPMENT › MAINT, REPAIR, REBUILD OF EQUIPMENT
Competition & Pricing
Extent Competed: NOT COMPETED UNDER SAP
Solicitation Procedures: SIMPLIFIED ACQUISITION
Offers Received: 1
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 2101 SARDIS RD N STE 205, CHARLOTTE, NC, 28227
Business Categories: 8(a) Program Participant, Category Business, Corporate Entity Not Tax Exempt, Hispanic American Owned Business, Minority Owned Business, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $107,900
Exercised Options: $48,200
Current Obligation: $48,200
Actual Outlays: $30,000
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Timeline
Start Date: 2024-09-28
Current End Date: 2026-09-27
Potential End Date: 2027-09-27 00:00:00
Last Modified: 2026-04-08
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