Treasury's $5.05M IT Support Contract Awarded to Biswas Information Technology Solutions Inc

Contract Overview

Contract Amount: $5,050,000 ($5.0M)

Contractor: Biswas Information Technology Solutions Inc

Awarding Agency: Department of the Treasury

Start Date: 2023-09-07

End Date: 2026-12-10

Contract Duration: 1,190 days

Daily Burn Rate: $4.2K/day

Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES

Number of Offers Received: 5

Pricing Type: FIRM FIXED PRICE

Sector: IT

Official Description: IT SUPPORT SERVICES

Place of Performance

Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20005

State: District of Columbia Government Spending

Plain-Language Summary

Department of the Treasury obligated $5.0 million to BISWAS INFORMATION TECHNOLOGY SOLUTIONS INC for work described as: IT SUPPORT SERVICES Key points: 1. Contract value of $5.05 million for Computer Systems Design Services. 2. Awarded under full and open competition after exclusion of sources. 3. Potential risk associated with the 'exclusion of sources' competition method. 4. Spending falls within the IT sector, specifically computer systems design.

Value Assessment

Rating: good

The contract value of $5.05 million for Computer Systems Design Services appears reasonable given the duration and scope. Benchmarking against similar contracts for IT support services would provide a more definitive assessment.

Cost Per Unit: N/A

Competition Analysis

Competition Level: limited

The contract was awarded under 'FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES'. This method suggests that while competition was sought, certain sources were excluded, potentially impacting the breadth of price discovery and overall competitiveness.

Taxpayer Impact: Taxpayer funds are being utilized for IT support services. The 'exclusion of sources' method warrants scrutiny to ensure the best possible price was achieved for the government.

Public Impact

Ensures continued IT support for the Bureau of the Fiscal Service. Supports the operational needs of the Department of the Treasury. Potential for innovation and efficiency gains through specialized IT services.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Competition method (exclusion of sources) may limit price discovery.
Lack of explicit small business participation noted.

Positive Signals

Awarded under a competitive process.
Clear contract duration and delivery order structure.

Sector Analysis

This contract falls under the Information Technology sector, specifically Computer Systems Design Services (NAICS 541512). Spending in this area is common across federal agencies to maintain and upgrade critical IT infrastructure.

Small Business Impact

The data indicates that this contract was not awarded to a small business (sb: false). Further analysis would be needed to determine if small business set-aside goals were considered or if opportunities were missed.

Oversight & Accountability

The Bureau of the Fiscal Service within the Department of the Treasury is responsible for this award. Oversight should focus on contract performance, adherence to terms, and the justification for the 'exclusion of sources' competition method.

Related Government Programs

Computer Systems Design Services
Department of the Treasury Contracting
Bureau of the Fiscal Service Programs

Risk Flags

Competition method (exclusion of sources) warrants further investigation.
No small business participation noted.
Potential for limited innovation due to restricted competition.
Contract duration extends over multiple fiscal years.

Frequently Asked Questions

What is this federal contract paying for?

Department of the Treasury awarded $5.0 million to BISWAS INFORMATION TECHNOLOGY SOLUTIONS INC. IT SUPPORT SERVICES

Who is the contractor on this award?

The obligated recipient is BISWAS INFORMATION TECHNOLOGY SOLUTIONS INC.

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 $5.0 million.

What is the period of performance?

Start: 2023-09-07. End: 2026-12-10.

What was the justification for excluding certain sources in this full and open competition?

The justification for excluding specific sources in a 'full and open competition after exclusion of sources' award is critical for understanding the procurement strategy. Agencies typically cite reasons such as specific technical requirements, existing contractor performance on related systems, or unique capabilities not readily available from all potential bidders. A thorough review of the contract file and associated documentation would be necessary to ascertain the precise rationale and ensure it aligns with federal procurement regulations and promotes fair competition where possible.

How does the per-unit cost of these IT support services compare to industry benchmarks?

Without specific details on the services provided and their associated costs, a direct per-unit cost comparison is challenging. However, the total contract value of $5.05 million over approximately three years suggests an average annual spend of roughly $1.68 million. Benchmarking would require breaking down the services into specific labor categories (e.g., system administrators, network engineers) and comparing their hourly or daily rates against government-wide or industry-specific IT service pricing data.

What is the potential impact on service delivery if the excluded sources were more competitive?

If more competitive sources had been included, the potential impact could have been a lower overall price for the government due to increased bidding pressure. Additionally, a broader pool of bidders might have offered more innovative solutions or specialized expertise, potentially leading to enhanced service delivery or greater efficiency. The exclusion of sources, while sometimes necessary, inherently limits the range of options and competitive dynamics available to the agency.

Industry Classification

NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Computer Systems Design Services

Product/Service Code: IT AND TELECOM - INFORMATION TECHNOLOGY AND TELECOMMUNICATIONS › IT AND TELECOM - COMPUTE

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Solicitation ID: C113632SB

Offers Received: 5

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 171 ELDEN ST STE 2C1, HERNDON, VA, 20170

Business Categories: Category Business, Corporate Entity Not Tax Exempt, DoT Certified Disadvantaged Business Enterprise, Economically Disadvantaged Women Owned Small Business, 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: $5,050,000

Exercised Options: $5,050,000

Current Obligation: $5,050,000

Actual Outlays: $2,808,044

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED

Parent Contract

Parent Award PIID: 75N98120D00135

IDV Type: GWAC

Timeline