Treasury's BEP Awards $1.9M R&D Task Order for Physical Sciences Research
Contract Overview
Contract Amount: $190,228 ($190.2K)
Contractor: Domestic Awardees (undisclosed)
Awarding Agency: Department of the Treasury
Start Date: 2025-03-28
End Date: 2027-03-27
Contract Duration: 729 days
Daily Burn Rate: $261/day
Competition Type: NOT COMPETED
Pricing Type: FIRM FIXED PRICE
Sector: R&D
Official Description: SUGARY IV TASK ORDER 33 INK
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20405
Plain-Language Summary
Department of the Treasury obligated $190,227.72 to DOMESTIC AWARDEES (UNDISCLOSED) for work described as: SUGARY IV TASK ORDER 33 INK Key points: 1. Significant investment in R&D for physical sciences. 2. Limited competition due to 'NOT COMPETED' status. 3. Potential for cost overruns or suboptimal pricing without competitive pressure. 4. Sector focus on Research and Development in Physical, Engineering, and Life Sciences.
Value Assessment
Rating: questionable
The contract is a firm-fixed-price delivery order. Without disclosed awardees or a competitive process, it's difficult to assess if the $1.9M price is optimal or reflects fair market value compared to similar R&D contracts.
Cost Per Unit: N/A
Competition Analysis
Competition Level: sole-source
This contract was not competed, indicating a sole-source or limited competition award. This lack of competition may have limited price discovery and potentially led to a higher price than if multiple vendors had bid.
Taxpayer Impact: The absence of competition raises concerns about the efficient use of taxpayer funds, as a potentially lower price may have been achievable through a competitive bidding process.
Public Impact
Taxpayers may not be receiving the best value due to the lack of competition. The specific R&D outcomes and their public benefit are not detailed. Transparency is limited, with undisclosed domestic awardees.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of competition
- Undisclosed awardees
- Potential for inflated pricing
Positive Signals
- Firm-fixed-price contract type
- Domestic awardees
Sector Analysis
This contract falls under the Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology) NAICS code. Spending in this sector is crucial for innovation but requires careful oversight to ensure value.
Small Business Impact
The data indicates 'DOMESTIC AWARDEES (UNDISCLOSED)' and does not specify if small businesses were involved or considered in this procurement. Further information is needed to assess small business participation.
Oversight & Accountability
The 'NOT COMPETED' status suggests a potential gap in the Bureau of Engraving and Printing's procurement strategy or justification for sole-sourcing. Robust oversight is needed to ensure such awards are truly necessary and justified.
Related Government Programs
- Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)
- Department of the Treasury Contracting
- Bureau of Engraving and Printing Programs
Risk Flags
- Lack of competition raises concerns about value for money.
- Undisclosed awardees limit transparency and accountability.
- Potential for inflated costs due to absence of competitive bidding.
- Insufficient information to assess small business participation.
Tags
research-and-development-in-the-physical, department-of-the-treasury, dc, delivery-order, 100k-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of the Treasury awarded $190,227.72 to DOMESTIC AWARDEES (UNDISCLOSED). SUGARY IV TASK ORDER 33 INK
Who is the contractor on this award?
The obligated recipient is DOMESTIC AWARDEES (UNDISCLOSED).
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 $190,227.72.
What is the period of performance?
Start: 2025-03-28. End: 2027-03-27.
What is the specific research and development objective for this $1.9M task order, and how does it align with the Bureau of Engraving and Printing's mission?
The task order is for Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology). While the specific objective isn't detailed, it likely supports the Bureau of Engraving and Printing's operational needs, potentially related to materials science, security features, or advanced manufacturing processes relevant to currency production or protection.
What is the justification for awarding this contract on a non-competed basis, and what steps were taken to ensure fair and reasonable pricing?
The justification for a non-competed award is not provided in the data. Typically, such justifications include reasons like urgent and compelling needs, or that only one source is capable of meeting the requirement. Without this information, it's impossible to assess the validity of the sole-source decision or the process used to determine fair and reasonable pricing.
How will the effectiveness and impact of this R&D investment be measured and reported to ensure accountability and taxpayer value?
The provided data does not detail the metrics for measuring effectiveness or the reporting mechanisms for this R&D task order. Effective oversight would require clear deliverables, milestones, and performance metrics tied to the research objectives, with regular reporting to the Bureau of Engraving and Printing to ensure accountability and demonstrate the value of the taxpayer investment.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Scientific Research and Development Services › Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)
Product/Service Code: RESEARCH AND DEVELOPMENT › General Science and Technology R&D Services
Competition & Pricing
Extent Competed: NOT COMPETED
Solicitation Procedures: ONLY ONE SOURCE
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 1800 F ST NW, WASHINGTON, DC, 20405
Business Categories: Category Business, Foreign-Owned and U.S.-Incorporated Business, Not Designated a Small Business, Special Designations
Financial Breakdown
Contract Ceiling: $1,372,415
Exercised Options: $205,842
Current Obligation: $190,228
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: 2031ZA19D00014
IDV Type: IDC
Timeline
Start Date: 2025-03-28
Current End Date: 2027-03-27
Potential End Date: 2027-03-27 00:00:00
Last Modified: 2026-04-10
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