Treasury's PRPS III Re-Compete contract awarded to Leidos, Inc. for over $76 million
Contract Overview
Contract Amount: $76,263,347 ($76.3M)
Contractor: Leidos, Inc.
Awarding Agency: Department of the Treasury
Start Date: 2021-07-01
End Date: 2026-03-30
Sector: IT
Official Description: PRPS III RE-COMPETE
Plain-Language Summary
Department of the Treasury obligated $76.3 million to LEIDOS, INC. for work described as: PRPS III RE-COMPETE Key points: 1. Contract value exceeds $76 million, indicating significant investment. 2. Competition details are not provided, raising questions about market engagement. 3. Potential risks include vendor lock-in and the need for ongoing performance monitoring.
Value Assessment
Rating: good
The award amount of over $76 million suggests a substantial need for the services provided. Further analysis would be needed to determine if this represents good value for the taxpayer.
Cost Per Unit: N/A
Competition Analysis
Competition Level: unknown
Information regarding the procurement method (e.g., full-and-open, sole-source) is not available. This lack of transparency makes it difficult to assess the competitive landscape.
Taxpayer Impact: The ultimate impact on taxpayers depends on the efficiency and effectiveness of the services procured.
Public Impact
Taxpayers may see improved IRS operations through the services provided. The contract supports federal IT infrastructure, indirectly benefiting public services.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of competition data
- Potential for cost overruns if not managed effectively
Positive Signals
- Award to a known entity suggests established capabilities
- Long-term contract provides stability for service delivery
Sector Analysis
This contract falls within the IT services sector, supporting the Department of the Treasury's operational needs, specifically for the Internal Revenue Service.
Small Business Impact
The contract was not set-aside for small businesses, and it is unclear if small businesses will be involved as subcontractors.
Oversight & Accountability
Oversight will be crucial to ensure Leidos, Inc. meets the performance requirements outlined in the contract and that funds are used efficiently.
Related Government Programs
- PRPS III RE-COMPETE
- IT Services
Risk Flags
- Lack of competition details
- Unclear procurement method
Tags
federal-spending, it-services, department-of-the-treasury, internal-revenue-service, leidos-inc, contract-award, procurement
Frequently Asked Questions
What is this federal contract paying for?
Department of the Treasury awarded $76.3 million to LEIDOS, INC.. PRPS III RE-COMPETE
Who is the contractor on this award?
The obligated recipient is LEIDOS, INC..
Which agency awarded this contract?
Awarding agency: Department of the Treasury (Internal Revenue Service).
What is the total obligated amount?
The obligated amount is $76.3 million.
What is the period of performance?
Start: 2021-07-01. End: 2026-03-30.
Analysis insight 1
The specific services rendered under this contract are not detailed, making it hard to assess their direct impact.
Analysis insight 2
Understanding the competitive history of PRPS III would provide context for this re-compete award.