Treasury's $17M Contract for Cross-Servicing Support Awarded to Seneca Technologies
Contract Overview
Contract Amount: $17,021,363 ($17.0M)
Contractor: Seneca Technologies, LLC
Awarding Agency: Department of the Treasury
Start Date: 2024-07-08
End Date: 2026-07-07
Contract Duration: 729 days
Daily Burn Rate: $23.3K/day
Competition Type: NOT AVAILABLE FOR COMPETITION
Number of Offers Received: 1
Pricing Type: FIRM FIXED PRICE
Sector: IT
Official Description: CROSS-SERVICING OPERATIONS, MAINTENANCE, AND ENHANCEMENT SUPPORT
Place of Performance
Location: SALAMANCA, CATTARAUGUS County, NEW YORK, 14779
State: New York Government Spending
Plain-Language Summary
Department of the Treasury obligated $17.0 million to SENECA TECHNOLOGIES, LLC for work described as: CROSS-SERVICING OPERATIONS, MAINTENANCE, AND ENHANCEMENT SUPPORT Key points: 1. Contract awarded to Seneca Technologies for $17.02M for cross-servicing operations, maintenance, and enhancement support. 2. The contract is a definitive contract with a firm fixed price. 3. The NAICS code 541511 indicates custom computer programming services. 4. The contract duration is 729 days, ending July 7, 2026.
Value Assessment
Rating: fair
The contract value of $17.02M for custom computer programming services is within a reasonable range for a multi-year support contract. However, without specific details on the scope of work and deliverables, a precise pricing assessment against similar contracts is difficult.
Cost Per Unit: N/A
Competition Analysis
Competition Level: limited
The contract was not available for competition, indicating a limited competition approach. This method may not always result in the most competitive pricing, as potential vendors are not given an equal opportunity to bid.
Taxpayer Impact: The lack of full and open competition could potentially lead to higher costs for taxpayers compared to a fully competitive process.
Public Impact
Ensures continued operation and enhancement of critical cross-servicing systems. Supports the Bureau of the Fiscal Service's mission in financial management. Potential for system improvements and maintenance to enhance efficiency.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Limited competition may impact cost-effectiveness.
- Lack of detailed scope for precise value assessment.
Positive Signals
- Supports essential government operations.
- Firm fixed price provides cost certainty.
Sector Analysis
The IT services sector, particularly custom computer programming, is crucial for government operations. Benchmarks for similar contracts vary widely based on complexity and duration, but $17M for a two-year support and enhancement contract is substantial.
Small Business Impact
The contract was not awarded to a small business, as indicated by 'sb': false. This means opportunities for small business participation were not explicitly sought or achieved in this specific award.
Oversight & Accountability
The contract is a definitive contract, suggesting it has undergone some level of review. However, the limited competition aspect warrants further oversight to ensure fair pricing and value for taxpayer dollars.
Related Government Programs
- Custom Computer Programming Services
- Department of the Treasury Contracting
- Bureau of the Fiscal Service Programs
Risk Flags
- Limited competition raises concerns about potential overpricing.
- Lack of detailed scope makes independent value assessment challenging.
- No small business participation noted.
Tags
custom-computer-programming-services, department-of-the-treasury, ny, definitive-contract, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of the Treasury awarded $17.0 million to SENECA TECHNOLOGIES, LLC. CROSS-SERVICING OPERATIONS, MAINTENANCE, AND ENHANCEMENT SUPPORT
Who is the contractor on this award?
The obligated recipient is SENECA TECHNOLOGIES, LLC.
Which agency awarded this contract?
Awarding agency: Department of the Treasury (Bureau of the Fiscal Service).
What is the total obligated amount?
The obligated amount is $17.0 million.
What is the period of performance?
Start: 2024-07-08. End: 2026-07-07.
What specific enhancements are included in this contract, and how do they align with the Bureau of the Fiscal Service's strategic goals?
The contract details 'maintenance and enhancement support' for cross-servicing operations. Specific enhancements would likely be defined in task orders or statements of work under this definitive contract. These enhancements should align with the Bureau of the Fiscal Service's objectives for modernizing financial systems, improving data accuracy, and increasing operational efficiency. A review of associated documentation would clarify the precise nature and strategic relevance of these planned improvements.
Given the limited competition, what measures were taken to ensure the pricing is fair and reasonable?
When competition is limited, agencies typically rely on techniques such as historical price analysis, comparison to similar government contracts, or independent cost estimates to determine price reasonableness. The contracting officer would have documented their justification for the limited competition and the basis for accepting the proposed price as fair and reasonable, potentially through negotiation and review of Seneca Technologies' cost proposal.
How will the effectiveness of Seneca Technologies' support be measured to ensure optimal value for the government?
Effectiveness is typically measured through performance metrics and key performance indicators (KPIs) outlined in the contract's performance work statement (PWS). These could include system uptime, response times for maintenance requests, successful implementation of enhancements, and adherence to service level agreements (SLAs). Regular performance reviews and feedback mechanisms would be employed to monitor Seneca's performance and ensure the government receives optimal value.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Custom Computer Programming 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
Solicitation ID: 2033H624R00005
Offers Received: 1
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 90 OHI:YO' WAY, SALAMANCA, NY, 14779
Business Categories: 8(a) Program Participant, American Indian Owned Business, Category Business, Corporate Entity Not Tax Exempt, Limited Liability Corporation, Minority Owned Business, Native American Owned Business, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, Tribally Owned Firm, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $71,204,855
Exercised Options: $17,021,363
Current Obligation: $17,021,363
Actual Outlays: $12,437,569
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Cost or Pricing Data: NO
Timeline
Start Date: 2024-07-08
Current End Date: 2026-07-07
Potential End Date: 2029-07-07 00:00:00
Last Modified: 2026-04-01
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