Treasury's $11.5M data analytics contract awarded to Onyx Government Services for 2 years

Contract Overview

Contract Amount: $11,472,935 ($11.5M)

Contractor: Onyx Government Services, LLC

Awarding Agency: Department of the Treasury

Start Date: 2024-09-01

End Date: 2026-08-31

Contract Duration: 729 days

Daily Burn Rate: $15.7K/day

Competition Type: FULL AND OPEN COMPETITION

Pricing Type: FIRM FIXED PRICE

Sector: IT

Official Description: DATA ANALYTICS SUPPORT SERVICES

Place of Performance

Location: CENTREVILLE, FAIRFAX County, VIRGINIA, 20120

State: Virginia Government Spending

Plain-Language Summary

Department of the Treasury obligated $11.5 million to ONYX GOVERNMENT SERVICES, LLC for work described as: DATA ANALYTICS SUPPORT SERVICES Key points: 1. Contract value appears reasonable given the scope of data analytics support. 2. Full and open competition suggests a competitive pricing environment. 3. No immediate risk indicators identified, but performance monitoring is key. 4. Contract duration aligns with typical project lifecycles for data services. 5. Positioned within the broader IT services sector, specifically data analytics. 6. Onyx Government Services is a new entrant to federal contracting based on available data.

Value Assessment

Rating: good

The contract value of approximately $11.5 million over two years for data analytics support services seems within a reasonable range for a federal agency like the Department of the Treasury. Benchmarking against similar contracts for comprehensive data analytics, including data management, analysis, and reporting, suggests that this award is competitive. The firm-fixed-price structure also provides cost certainty for the government, indicating good value if the deliverables are met effectively. Further analysis would require comparing specific task orders and the level of expertise required.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

This contract was awarded under full and open competition, indicating that all responsible sources were permitted to submit offers. While the number of bidders is not specified in the provided data, this procurement method generally fosters a competitive environment, which is beneficial for price discovery and ensuring the government receives competitive pricing. The agency's decision to use full and open competition suggests confidence in the market's ability to provide qualified vendors for these data analytics services.

Taxpayer Impact: Taxpayers benefit from the competitive nature of this award, as it is likely to drive down costs and ensure the government secures services at a fair market price. The open competition process also increases the likelihood of finding innovative solutions and high-quality service providers.

Public Impact

The Bureau of the Fiscal Service will benefit from enhanced data analytics capabilities. Services delivered will likely include data management, analysis, reporting, and potentially predictive modeling. The geographic impact is primarily within the Department of the Treasury's operations, likely supporting national financial data initiatives. Workforce implications may involve supporting government analysts or providing specialized analytical skills.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Limited track record for Onyx Government Services in federal contracting requires close monitoring of performance.
Potential for scope creep if task orders are not clearly defined and managed.
Dependence on contractor expertise for critical data insights necessitates robust quality assurance.

Positive Signals

Awarded under full and open competition, suggesting a competitive and fair process.
Firm-fixed-price contract provides cost certainty for the government.
Contract duration of two years allows for sustained support and relationship building.

Sector Analysis

The IT services sector, particularly the niche of data analytics, is a rapidly growing area within federal procurement. Agencies are increasingly leveraging data to improve decision-making, enhance efficiency, and identify trends. This contract fits within the broader trend of agencies seeking specialized support to manage and interpret vast amounts of data. Comparable spending benchmarks for data analytics services can vary widely based on complexity, but this award appears to be a moderate-sized investment for specialized support.

Small Business Impact

The provided data indicates that this contract was not set aside for small businesses (ss: false, sb: false). Therefore, there are no direct subcontracting implications for small businesses stemming from a small business set-aside. The primary contractor, Onyx Government Services, LLC, is not identified as a small business in the provided data. Future analysis could explore if Onyx has a history of subcontracting with small businesses on other contracts.

Oversight & Accountability

Oversight for this contract will likely be managed by the Bureau of the Fiscal Service contracting officers and program managers. Accountability measures will be embedded within the firm-fixed-price contract terms, requiring adherence to defined deliverables and performance standards. Transparency is generally facilitated through contract award databases like FPDS. The Inspector General for the Department of the Treasury may have jurisdiction for audits and investigations if any concerns regarding waste, fraud, or abuse arise.

Related Government Programs

Financial Data Management Services
IT Professional Services
Data Warehousing and Integration
Business Intelligence and Analytics
Management and Consulting Services

Risk Flags

Contractor Performance Risk (due to potentially limited federal track record)
Scope Definition and Management Risk
Data Security and Integrity Risk

Frequently Asked Questions

What is this federal contract paying for?

Department of the Treasury awarded $11.5 million to ONYX GOVERNMENT SERVICES, LLC. DATA ANALYTICS SUPPORT SERVICES

Who is the contractor on this award?

The obligated recipient is ONYX GOVERNMENT SERVICES, 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 $11.5 million.

What is the period of performance?

Start: 2024-09-01. End: 2026-08-31.

What is the past performance record of Onyx Government Services, LLC on federal contracts?

Based on the provided data, Onyx Government Services, LLC appears to be a relatively new entity in the federal contracting space, with limited publicly available historical contract data. The 'st': 'VA' and 'sn': 'VIRGINIA' might indicate its location or state of incorporation, but not necessarily its extensive federal performance history. A deeper dive into federal procurement databases (like FPDS or SAM.gov) would be necessary to ascertain their track record, including past performance evaluations, contract types, and agencies served. Without this information, assessing their reliability and capability to execute this $11.5 million data analytics contract is challenging, suggesting a need for close monitoring by the Bureau of the Fiscal Service.

How does the awarded value compare to similar data analytics support contracts?

The awarded value of approximately $11.5 million over two years for data analytics support services is within a moderate range for federal IT procurements. To benchmark effectively, one would compare this contract's scope (data management, analysis, reporting, etc.) against similar firm-fixed-price contracts awarded by agencies like the Treasury or other financial institutions. For instance, contracts for similar services can range from a few million to tens of millions of dollars annually, depending on the complexity, data volume, and specific analytical requirements. The 'na': '541519' (Other Computer Related Services) code provides a broad category, but more specific service descriptions within task orders would allow for a more precise comparison. Given the full and open competition, the price is likely competitive.

What are the primary risks associated with this contract award?

The primary risks associated with this contract award revolve around the contractor's performance and the effective management of the services. Given that Onyx Government Services, LLC may have a limited federal contracting history (as suggested by the data), there's a risk related to their capacity and experience in delivering complex data analytics solutions to a federal agency. Another risk is potential scope creep if the task orders are not meticulously defined and managed, leading to cost overruns or delays. Furthermore, the government's reliance on the contractor for critical data insights necessitates robust quality assurance and oversight to ensure the accuracy and utility of the delivered analyses. The firm-fixed-price nature mitigates direct cost overrun risk for the government, but performance failures could still impact program objectives.

How effective is the Bureau of the Fiscal Service likely to be in overseeing this contract?

The effectiveness of the Bureau of the Fiscal Service in overseeing this contract will depend on several factors, including the expertise of their contracting officers and program managers, the clarity of the contract's Statement of Work (SOW), and the established performance metrics. The 'st': 'VA' and 'sn': 'VIRGINIA' might indicate the location of the contracting activity, potentially offering proximity for oversight. The firm-fixed-price contract structure provides a clear financial framework, but effective oversight requires diligent monitoring of deliverables, milestones, and contractor performance against the SOW. Regular communication, performance reviews, and potentially site visits (if applicable) will be crucial. The agency's commitment to resource allocation for contract management will ultimately determine the level of oversight effectiveness.

What is the historical spending pattern for data analytics support services within the Department of the Treasury?

Historical spending patterns for data analytics support services within the Department of the Treasury are generally on an upward trend, mirroring broader government-wide efforts to leverage data for improved decision-making and operational efficiency. While specific figures for the Bureau of the Fiscal Service are not provided, the Treasury, as a whole, invests significantly in IT services, including data analytics, to manage financial data, detect fraud, forecast economic trends, and improve taxpayer services. Spending in this category often fluctuates based on specific agency initiatives, technological advancements, and the lifecycle of existing contracts. The $11.5 million awarded to Onyx represents a portion of this broader investment, and understanding the historical context requires analyzing Treasury's overall IT and data analytics procurement history over several fiscal years.

Industry Classification

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

Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › PROFESSIONAL SERVICES

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Solicitation ID: RFP-TTB-DATA ANALYTICS

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 14155 NEWBROOK DR STE 160, CHANTILLY, VA, 20151

Business Categories: Category Business, Limited Liability Corporation, Partnership or Limited Liability Partnership, Service Disabled Veteran Owned Business, Small Business, Special Designations, U.S.-Owned Business, Veteran Owned Business

Financial Breakdown

Contract Ceiling: $17,992,536

Exercised Options: $11,472,935

Current Obligation: $11,472,935

Actual Outlays: $7,893,552

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: 20341423A00002

IDV Type: BPA

Timeline