GSA's $4.4M Real Estate Mortgage Investment Conduit System Contract Awarded to Accenture Federal Services
Contract Overview
Contract Amount: $4,405,821 ($4.4M)
Contractor: Accenture Federal Services LLC
Awarding Agency: General Services Administration
Start Date: 2023-06-21
End Date: 2025-09-20
Contract Duration: 822 days
Daily Burn Rate: $5.4K/day
Competition Type: FULL AND OPEN COMPETITION
Pricing Type: FIRM FIXED PRICE
Sector: IT
Official Description: REAL ESTATE MORTGAGE INVESTMENT CONDUIT REMIC GATEWAY SYSTEM CONTINUATION CALL ORDER 0015
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20024
Plain-Language Summary
General Services Administration obligated $4.4 million to ACCENTURE FEDERAL SERVICES LLC for work described as: REAL ESTATE MORTGAGE INVESTMENT CONDUIT REMIC GATEWAY SYSTEM CONTINUATION CALL ORDER 0015 Key points: 1. The contract supports a REMIC Gateway System, indicating a need for specialized financial technology services. 2. Accenture Federal Services, a large established IT contractor, secured this award. 3. The contract's duration and fixed-price nature suggest a defined scope and budget. 4. The use of a BPA Call implies a streamlined procurement process for existing agreements.
Value Assessment
Rating: good
The contract value of $4.4M over approximately 2 years appears reasonable for specialized IT system support. Benchmarking against similar complex system development and maintenance contracts would provide further validation.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, suggesting a robust price discovery process. The use of a BPA Call indicates that the underlying BPA was competitively awarded, further supporting price reasonableness.
Taxpayer Impact: Full and open competition generally leads to better pricing for taxpayers by fostering a competitive environment.
Public Impact
Supports critical financial infrastructure for mortgage investment. Ensures continuity of essential government IT systems. Potential impact on the efficiency of real estate finance operations.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Positive Signals
- Full and open competition
- Firm Fixed Price contract type
- BPA Call award mechanism
Sector Analysis
This contract falls within the Computer Systems Design Services sector, a significant area of federal IT spending. Benchmarks for similar system development and maintenance contracts are typically in the millions of dollars, aligning with this award.
Small Business Impact
The data indicates this contract was not set aside for small businesses, and the prime contractor is a large business. There is no information on small business subcontracting participation.
Oversight & Accountability
The use of a BPA Call suggests that the initial BPA underwent thorough review. Ongoing oversight would focus on performance against contract requirements and adherence to the fixed-price budget.
Related Government Programs
- Computer Systems Design Services
- General Services Administration Contracting
- Federal Acquisition Service Programs
Risk Flags
- Potential for vendor lock-in with a large IT services provider.
- Reliance on a single contractor for critical financial system support.
- Need for ongoing monitoring of system performance and security updates.
Tags
computer-systems-design-services, general-services-administration, dc, bpa-call, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
General Services Administration awarded $4.4 million to ACCENTURE FEDERAL SERVICES LLC. REAL ESTATE MORTGAGE INVESTMENT CONDUIT REMIC GATEWAY SYSTEM CONTINUATION CALL ORDER 0015
Who is the contractor on this award?
The obligated recipient is ACCENTURE FEDERAL SERVICES LLC.
Which agency awarded this contract?
Awarding agency: General Services Administration (Federal Acquisition Service).
What is the total obligated amount?
The obligated amount is $4.4 million.
What is the period of performance?
Start: 2023-06-21. End: 2025-09-20.
What is the specific function of the REMIC Gateway System and its criticality to GSA's operations?
The REMIC Gateway System likely facilitates the processing and management of Real Estate Mortgage Investment Conduit (REMIC) transactions. Its criticality stems from supporting the government's role in mortgage-backed securities, potentially impacting financial markets and housing stability. Understanding its specific functions is key to assessing the value derived from this contract.
What are the potential risks associated with relying on a single large contractor for this specialized system?
Risks include vendor lock-in, potential price increases upon contract renewal, and reduced flexibility if the system's needs evolve. Dependence on Accenture Federal Services could also pose a risk if the company faces financial instability or strategic shifts. Mitigation might involve ensuring clear contract terms and fostering knowledge transfer.
How effectively does this contract ensure the ongoing availability and security of the REMIC Gateway System?
The firm fixed-price structure incentivizes the contractor to deliver services efficiently within budget, promoting cost-effectiveness. The contract's duration and the nature of computer systems design services suggest a focus on maintaining system availability and security. However, effectiveness hinges on robust performance metrics and diligent government oversight.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Computer Systems Design 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: 47QFDA23Q0040
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Parent Company: Novetta Solutions, LLC
Address: 800 N GLEBE RD STE 300, ARLINGTON, VA, 22203
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Foreign Owned, Foreign-Owned and U.S.-Incorporated Business, Not Designated a Small Business, Special Designations
Financial Breakdown
Contract Ceiling: $4,799,134
Exercised Options: $4,799,134
Current Obligation: $4,405,821
Subaward Activity
Number of Subawards: 3
Total Subaward Amount: $181,440
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: 47QFDA19A0005
IDV Type: BPA
Timeline
Start Date: 2023-06-21
Current End Date: 2025-09-20
Potential End Date: 2025-09-20 00:00:00
Last Modified: 2026-02-12
More Contracts from Accenture Federal Services LLC
- - Tivod Supports the Origination, Disbursement, and Reporting of Title IV Federal Student AID Programs, Including - BUT NOT Limited to - Direct Loans, Pell Grants, and the Teacher Education Assistance for College and Higher Education Grants. the Title IV Solution Shall Also Provide Ongoing Support for the Discontinued Title IV Federal Student AID Programs, Including - BUT NOT Limited to - Academic Competitiveness Grants and National Science and Mathematics Access to Retain Talent Grants — $1.5B (Department of Education)
- This Task Order IS for an Enterprise-Wide Digital and Customer Care Platforms and Services Solution (enterprise-Wide Digital and Customer Care Solution, AKA Ewdccps, AKA DCC) That Will Enable an Fsa-Branded Omni-Channel Engagement Approach LED by a Mobile-First, Mobile-Complete, and Mobile-Continuous Digital Platform Supporting the Complete Lifecycle of Student Financing — $851.5M (Department of Education)
- FFM — $829.6M (Department of Health and Human Services)
- Award for Unified Enterprise Resource Planning Capability Support Services — $823.2M (Department of Defense)
- Federally Facilitated Exchange (FFE) — $787.2M (Department of Health and Human Services)
Other General Services Administration Contracts
- Software Life Cycle Development — $1.4B (Science Applications International Corporation)
- Task Order (TO) 47qfca21f0018 IS Hereby Awarded to Booz Allen Hamilton, Inc. (BAH) to Provide Enterprise Level Data to the Ousd(c), and ITS Strategic Partners (I.E., DOD Fourth Estate, DOD Departments, and IC Community) — $1.4B (Booz Allen Hamilton Inc)
- Federal Contract — $1.2B (Booz Allen Hamilton Inc)
- THE Scope of the to IS to Provide Enterprise IT Services for the Usace — $1.1B (Science Applications International Corporation)
- Task Order Award — $1.1B (Booz Allen Hamilton Inc)