Treasury's Bureau of Engraving and Printing awards $2.8M for security system maintenance to KRIAANET INC

Contract Overview

Contract Amount: $2,834,601 ($2.8M)

Contractor: Kriaanet Inc

Awarding Agency: Department of the Treasury

Start Date: 2025-09-09

End Date: 2025-12-03

Contract Duration: 85 days

Daily Burn Rate: $33.3K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 3

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: BEP MAC [OPERATIONS & MAINTENANCE - INTEGRATED SECURITY SYSTEMS]: CONTRACTOR SHALL PROVIDE NORMAL, PREVENTATIVE, AND CORRECTIVE MAINTENANCE ON THE AGENCY'S SECURITY SYSTEMS. CONTRACTOR SHALL ALSO PROVIDE LICENSING SUPPORT.

Place of Performance

Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20228

State: District of Columbia Government Spending

Plain-Language Summary

Department of the Treasury obligated $2.8 million to KRIAANET INC for work described as: BEP MAC [OPERATIONS & MAINTENANCE - INTEGRATED SECURITY SYSTEMS]: CONTRACTOR SHALL PROVIDE NORMAL, PREVENTATIVE, AND CORRECTIVE MAINTENANCE ON THE AGENCY'S SECURITY SYSTEMS. CONTRACTOR SHALL ALSO PROVIDE LICENSING SUPPORT. Key points: 1. Contract focuses on essential operations and maintenance for integrated security systems. 2. The award represents a firm-fixed-price agreement, indicating defined cost expectations. 3. Competition was full and open, suggesting a potentially competitive pricing environment. 4. The contract duration is relatively short (85 days), implying a focused scope of work. 5. This contract falls under 'Other Computer Related Services', a broad category. 6. The award amount is modest within the context of large federal IT service contracts.

Value Assessment

Rating: good

The contract value of approximately $2.8 million for an 85-day period appears reasonable for specialized security system maintenance and licensing. Benchmarking against similar contracts for integrated security system O&M is challenging without more specific service details. However, the firm-fixed-price structure suggests the government has a clear understanding of costs, and the competitive award process should have driven value.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

This contract was awarded under full and open competition, meaning all responsible sources were permitted to submit offers. The presence of 3 bidders indicates a degree of competition for this specialized service. While not a large number, it suggests that the market for this type of security system maintenance is not entirely concentrated.

Taxpayer Impact: Full and open competition generally benefits taxpayers by fostering a competitive environment that can lead to more favorable pricing and better service quality.

Public Impact

The Bureau of Engraving and Printing benefits from the continued operational integrity of its security systems. Services include preventative and corrective maintenance, ensuring system reliability. Licensing support is also provided, crucial for maintaining legal and functional compliance. The primary geographic impact is within the District of Columbia, where the agency operates.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Short contract duration may limit long-term strategic planning for security system upgrades.
Reliance on a single contractor for critical security system maintenance could pose a risk if performance issues arise.
The specific nature of 'integrated security systems' is broad and could encompass various technologies, requiring specialized expertise.

Positive Signals

Firm-fixed-price contract provides cost certainty for the agency.
Full and open competition suggests a robust bidding process.
The contractor, KRIAANET INC, is being entrusted with critical infrastructure support.

Sector Analysis

This contract falls within the broader IT services sector, specifically focusing on the maintenance and support of integrated security systems. The market for such services is driven by the increasing need for robust physical and cyber security measures across government agencies. Comparable spending benchmarks are difficult to establish without knowing the specific technologies involved, but federal spending on IT operations and maintenance is substantial, often running into billions annually across various agencies.

Small Business Impact

This contract does not appear to have a small business set-aside component, as indicated by 'sb': false. There is no explicit mention of subcontracting requirements for small businesses within the provided data. Therefore, the direct impact on the small business ecosystem from this specific award is likely minimal, unless KRIAANET INC voluntarily engages small businesses as subcontractors.

Oversight & Accountability

The contract is a firm-fixed-price delivery order, which inherently provides a degree of cost control. Oversight would typically be managed by the contracting officer and the agency's technical point of contact responsible for security systems. Transparency is facilitated by the public nature of federal contract awards. Specific Inspector General jurisdiction would depend on the Treasury IG's mandate concerning the Bureau of Engraving and Printing's operations.

Related Government Programs

Federal IT Operations and Maintenance Contracts
Government Security System Support
Bureau of Engraving and Printing Contracts
Department of the Treasury IT Services

Risk Flags

Short contract duration
Potential for system obsolescence
Reliance on specific contractor expertise

Frequently Asked Questions

What is this federal contract paying for?

Department of the Treasury awarded $2.8 million to KRIAANET INC. BEP MAC [OPERATIONS & MAINTENANCE - INTEGRATED SECURITY SYSTEMS]: CONTRACTOR SHALL PROVIDE NORMAL, PREVENTATIVE, AND CORRECTIVE MAINTENANCE ON THE AGENCY'S SECURITY SYSTEMS. CONTRACTOR SHALL ALSO PROVIDE LICENSING SUPPORT.

Who is the contractor on this award?

The obligated recipient is KRIAANET INC.

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 $2.8 million.

What is the period of performance?

Start: 2025-09-09. End: 2025-12-03.

What is the track record of KRIAANET INC in performing similar security system maintenance contracts for federal agencies?

Information regarding KRIAANET INC's specific track record for similar federal security system maintenance contracts is not detailed in the provided data. A comprehensive assessment would require reviewing past performance evaluations, contract history, and any reported issues or successes on previous government engagements. Federal procurement databases and agency performance records would be the primary sources for this analysis. Understanding their experience with integrated security systems, particularly those relevant to the Bureau of Engraving and Printing's needs, is crucial for evaluating their capability to fulfill this contract effectively and mitigate potential performance risks.

How does the awarded amount of $2.8 million compare to the estimated value or benchmark for similar security system maintenance contracts?

The awarded amount of $2.8 million for an 85-day period for integrated security system operations and maintenance is difficult to benchmark precisely without detailed specifications of the systems and services. However, considering it's for a specific agency location (District of Columbia) and covers a defined period, it appears to be a moderate-sized contract. Federal IT maintenance contracts can range significantly, from tens of thousands for basic support to millions for comprehensive, agency-wide solutions. The firm-fixed-price nature and the fact that it was competed suggest the pricing was vetted against market expectations. Further analysis would involve comparing the scope of work, system complexity, and duration against publicly available data for similar federal contracts.

What are the primary risks associated with this contract, and what mitigation strategies are in place?

Key risks include potential performance deficiencies by KRIAANET INC, leading to security system downtime or reduced effectiveness. The short duration might also pose a risk if the transition to a new contractor or renewal is not managed efficiently. Another risk could be the obsolescence of the security systems themselves, requiring upgrades beyond the scope of routine maintenance. Mitigation strategies likely involve the agency's oversight, including regular performance reviews, clear service level agreements (SLAs) within the contract, and contingency planning for critical system failures. The firm-fixed-price structure incentivizes the contractor to perform efficiently, while the competitive award process aims to select a capable provider.

How effective is the 'Other Computer Related Services' NAICS code in capturing the specific nature of security system maintenance?

The NAICS code 541519, 'Other Computer Related Services,' is a broad category that can encompass a wide array of IT services not specifically defined under other codes. While it can technically include security system maintenance, it lacks specificity. This broadness might make it challenging to precisely benchmark spending or understand the market dynamics for specialized security services. More targeted NAICS codes might exist for specific aspects of security (e.g., security system integration or consulting), but for general operations and maintenance, 541519 is often used. Its effectiveness lies in its inclusivity but is limited in providing granular insights into the security services market.

What is the historical spending pattern for security system maintenance at the Bureau of Engraving and Printing?

The provided data does not include historical spending patterns for security system maintenance at the Bureau of Engraving and Printing (BEP). To determine this, one would need to analyze past contracts awarded by the BEP for similar services over several fiscal years. This analysis would reveal trends in contract values, durations, awarded contractors, and competition levels. Understanding historical spending can help identify potential cost savings, assess the consistency of service providers, and evaluate whether current spending aligns with past investment levels or reflects changes in security requirements or technology.

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 › IT AND TELECOM - IT MANAGEMENT

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Solicitation ID: 2031ZB24Q00010

Offers Received: 3

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 722 E. MARKET ST. SUITE 102, LEESBURG, VA, 20176

Business Categories: 8(a) Program Participant, Category Business, Corporate Entity Not Tax Exempt, Economically Disadvantaged Women Owned Small Business, HUBZone Firm, Minority Owned Business, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, Subchapter S Corporation, Indian (Subcontinent) American Owned Business, U.S.-Owned Business, Woman Owned Business, Women Owned Small Business

Financial Breakdown

Contract Ceiling: $2,834,601

Exercised Options: $2,834,601

Current Obligation: $2,834,601

Actual Outlays: $2,834,601

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: GS35F326DA

IDV Type: FSS

Timeline