NSF Awards Accenture $45M for ITRAK Core Financial Management Services
Contract Overview
Contract Amount: $45,032,222 ($45.0M)
Contractor: Accenture Federal Services LLC
Awarding Agency: National Science Foundation
Start Date: 2019-04-01
End Date: 2026-09-30
Contract Duration: 2,739 days
Daily Burn Rate: $16.4K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 1
Pricing Type: FIRM FIXED PRICE
Sector: IT
Official Description: ITRAK CORE FINANCIAL MANAGEMENT SERVICES
Place of Performance
Location: ARLINGTON, ARLINGTON County, VIRGINIA, 22203
State: Virginia Government Spending
Plain-Language Summary
National Science Foundation obligated $45.0 million to ACCENTURE FEDERAL SERVICES LLC for work described as: ITRAK CORE FINANCIAL MANAGEMENT SERVICES Key points: 1. Significant contract value of $45M over 5 years. 2. Accenture Federal Services is the sole awardee. 3. Potential risk associated with a single vendor for critical financial systems. 4. Spending falls within the IT sector, specifically computer systems design.
Value Assessment
Rating: fair
The contract value of $45M over approximately 5.5 years suggests a substantial investment in financial management services. Benchmarking against similar large-scale IT system design and integration contracts is necessary to fully assess value.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, indicating a competitive bidding process. However, this specific award is a delivery order, suggesting it might be part of a larger indefinite-delivery/indefinite-quantity (IDIQ) contract where initial competition occurred.
Taxpayer Impact: Taxpayer funds are being used for essential financial management IT services. The competitive award process aims to ensure reasonable pricing, but ongoing monitoring is crucial.
Public Impact
Ensures continuity of critical financial operations for the National Science Foundation. Supports the agency's mission by providing robust financial management tools. Potential for improved efficiency and data accuracy in financial reporting.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Vendor lock-in risk if this is a sole-source follow-on.
- Potential for cost overruns if scope expands beyond initial estimates.
- Dependence on a single vendor for critical financial infrastructure.
Positive Signals
- Awarded through full and open competition.
- Long-term contract provides stability for financial system operations.
- Firm Fixed Price contract type helps control costs.
Sector Analysis
This contract falls under the Information Technology sector, specifically Computer Systems Design Services. Spending benchmarks for similar large-scale financial management system implementations can vary widely based on agency size and complexity.
Small Business Impact
The awardee, Accenture Federal Services LLC, is a large business. There is no indication of small business participation in this specific award, which could be an area for future consideration.
Oversight & Accountability
The National Science Foundation is responsible for oversight of this contract. Regular performance reviews and adherence to contract terms are essential for accountability and effective service delivery.
Related Government Programs
- Computer Systems Design Services
- National Science Foundation Contracting
- National Science Foundation Programs
Risk Flags
- Potential for vendor lock-in.
- Long contract duration increases dependency.
- Lack of small business participation noted.
- Criticality of financial management systems.
Tags
computer-systems-design-services, national-science-foundation, va, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
National Science Foundation awarded $45.0 million to ACCENTURE FEDERAL SERVICES LLC. ITRAK CORE FINANCIAL MANAGEMENT SERVICES
Who is the contractor on this award?
The obligated recipient is ACCENTURE FEDERAL SERVICES LLC.
Which agency awarded this contract?
Awarding agency: National Science Foundation (National Science Foundation).
What is the total obligated amount?
The obligated amount is $45.0 million.
What is the period of performance?
Start: 2019-04-01. End: 2026-09-30.
What is the specific scope of 'ITRAK Core Financial Management Services' and how does it align with NSF's strategic financial goals?
ITRAK Core Financial Management Services likely encompasses the design, development, implementation, and maintenance of the National Science Foundation's primary financial management systems. This includes modules for accounting, budgeting, procurement, and financial reporting. Its alignment with NSF's strategic goals would depend on whether these services enhance data integrity, improve decision-making through better financial insights, and ensure compliance with federal financial regulations.
What are the potential risks associated with relying on a single vendor, Accenture Federal Services LLC, for such a critical function over a 5.5-year period?
Relying on a single vendor for critical financial management systems over an extended period introduces risks such as vendor lock-in, reduced negotiation leverage for future contracts, and potential service degradation if the vendor's focus shifts. There's also a risk if the vendor experiences financial instability or undergoes significant strategic changes. This dependence necessitates robust performance monitoring and contingency planning by the NSF.
How does the firm fixed price contract type ensure cost-effectiveness and value for taxpayers in the context of complex IT system services?
A Firm Fixed Price (FFP) contract type is intended to provide cost certainty for the government by shifting the risk of cost overruns to the contractor. For complex IT services, FFP works best when the scope of work is clearly defined and unlikely to change significantly. This structure encourages the contractor to manage costs efficiently to maximize profit. However, if the scope is poorly defined or changes frequently, it can lead to disputes or the contractor building in significant contingency, potentially increasing the initial price.
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 › ADP AND TELECOMMUNICATIONS
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Offers Received: 1
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, Not Designated a Small Business, Special Designations
Financial Breakdown
Contract Ceiling: $54,430,141
Exercised Options: $54,430,141
Current Obligation: $45,032,222
Actual Outlays: $32,614,542
Subaward Activity
Number of Subawards: 50
Total Subaward Amount: $23,425,800
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Parent Contract
Parent Award PIID: 47QTCK18D0036
IDV Type: GWAC
Timeline
Start Date: 2019-04-01
Current End Date: 2026-09-30
Potential End Date: 2026-09-30 00:00:00
Last Modified: 2026-02-18
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