Treasury's $4.3M ColdFusion Support Contract Awarded to Venturetech Pioneers LLC
Contract Overview
Contract Amount: $4,296,539 ($4.3M)
Contractor: Venturetech Pioneers LLC
Awarding Agency: Department of the Treasury
Start Date: 2024-07-15
End Date: 2026-07-14
Contract Duration: 729 days
Daily Burn Rate: $5.9K/day
Competition Type: NOT AVAILABLE FOR COMPETITION
Number of Offers Received: 1
Pricing Type: FIRM FIXED PRICE
Sector: IT
Official Description: APPEALS CENTRALIZED DATABASE SYSTEM (ACDS) COLDFUSION SUPPORT
Place of Performance
Location: ALDIE, LOUDOUN County, VIRGINIA, 20105
State: Virginia Government Spending
Plain-Language Summary
Department of the Treasury obligated $4.3 million to VENTURETECH PIONEERS LLC for work described as: APPEALS CENTRALIZED DATABASE SYSTEM (ACDS) COLDFUSION SUPPORT Key points: 1. Contract awarded for ACDS ColdFusion support to Venturetech Pioneers LLC. 2. The contract value is $4,296,539.10. 3. The contract is for a period of 729 days. 4. The NAICS code is 541519 (Other Computer Related Services). 5. The contract type is Firm Fixed Price.
Value Assessment
Rating: questionable
Pricing is not explicitly detailed for this contract, making direct comparison difficult. The 'NOT AVAILABLE FOR COMPETITION' status and lack of a specific price breakdown raise concerns about potential overpayment.
Cost Per Unit: N/A
Competition Analysis
Competition Level: limited
The contract is listed as 'NOT AVAILABLE FOR COMPETITION', indicating a limited competition approach. This significantly restricts price discovery and may lead to less favorable pricing for the government.
Taxpayer Impact: Limited competition can result in higher costs for taxpayers due to the absence of competitive bidding.
Public Impact
Taxpayers may be paying a premium due to the lack of competitive bidding. The IRS relies on this system for critical functions, making vendor lock-in a potential issue. Transparency in pricing is limited, hindering public understanding of government IT spending.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Limited competition
- Lack of price transparency
- Potential for inflated costs
Positive Signals
- Contract supports a critical IRS system
- Firm Fixed Price contract type can provide cost certainty if priced appropriately
Sector Analysis
This contract falls under IT services, specifically computer related services. Benchmarks for similar ColdFusion support contracts are difficult to ascertain without more detailed pricing information, but limited competition often inflates costs in this sector.
Small Business Impact
Information on whether Venturetech Pioneers LLC is a small business is not provided in the data. The contract does not appear to have specific small business set-aside provisions.
Oversight & Accountability
The 'NOT AVAILABLE FOR COMPETITION' status warrants further oversight to ensure the justification for limited competition is sound and that the pricing is fair and reasonable.
Related Government Programs
- Other Computer Related Services
- Department of the Treasury Contracting
- Internal Revenue Service Programs
Risk Flags
- Limited competition
- Lack of price transparency
- Potential for cost overruns
- Vendor lock-in risk
- Insufficient justification for sole-source award
Tags
other-computer-related-services, department-of-the-treasury, va, definitive-contract, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of the Treasury awarded $4.3 million to VENTURETECH PIONEERS LLC. APPEALS CENTRALIZED DATABASE SYSTEM (ACDS) COLDFUSION SUPPORT
Who is the contractor on this award?
The obligated recipient is VENTURETECH PIONEERS LLC.
Which agency awarded this contract?
Awarding agency: Department of the Treasury (Internal Revenue Service).
What is the total obligated amount?
The obligated amount is $4.3 million.
What is the period of performance?
Start: 2024-07-15. End: 2026-07-14.
What is the specific justification for awarding this contract on a limited competition basis, and how was the price determined to be fair and reasonable?
The justification for limited competition is not provided in the data. Typically, such justifications involve unique capabilities, urgent needs, or the unavailability of other sources. Without this information, it's impossible to assess the fairness of the price. The government should have a robust process for validating pricing when competition is limited to prevent overspending.
What are the risks associated with relying on a single vendor for critical ColdFusion support, especially if the vendor is not a small business?
Relying on a single vendor creates a significant risk of vendor lock-in, potentially leading to escalating costs and reduced service quality over time. If the vendor is not a small business, it further concentrates government IT spending. This dependency can also pose a security risk if the vendor's practices are not rigorously monitored.
How does the IRS ensure the effectiveness and efficiency of the ACDS system and the support provided by Venturetech Pioneers LLC under this contract?
Effectiveness and efficiency are typically ensured through performance metrics, service level agreements (SLAs), and regular performance reviews outlined in the contract. The IRS should have mechanisms in place to monitor the vendor's performance against these requirements and to address any deficiencies promptly to maintain the ACDS system's operational integrity.
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 - APLLICATIONS
Competition & Pricing
Extent Competed: NOT AVAILABLE FOR COMPETITION
Solicitation Procedures: ONLY ONE SOURCE
Offers Received: 1
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 10432 BALLS FORD RD STE 300, MANASSAS, VA, 20109
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Minority Owned Business, SBA Certified 8 a Joint Venture, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, Subchapter S Corporation, Indian (Subcontinent) American Owned Business, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $4,296,539
Exercised Options: $4,296,539
Current Obligation: $4,296,539
Actual Outlays: $3,277,784
Contract Characteristics
Multi-Year Contract: Yes
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Cost or Pricing Data: NO
Timeline
Start Date: 2024-07-15
Current End Date: 2026-07-14
Potential End Date: 2026-07-14 15:40:49
Last Modified: 2026-03-17
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