DHS awards $582K for bank statement conversion software to GEE WHIZ SOFTWARE, LLC

Contract Overview

Contract Amount: $58,202 ($58.2K)

Contractor: GEE Whiz Software, LLC

Awarding Agency: Department of Homeland Security

Start Date: 2026-04-01

End Date: 2027-03-31

Contract Duration: 364 days

Daily Burn Rate: $160/day

Competition Type: NOT COMPETED

Number of Offers Received: 1

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: THIS AWARD PROVIDES ICE-HOMELAND SECURITY INVESTIGATIONS WITH BANKSCAN SOFTWARE SUPPORT FOR CONVERSION OF BANK AND CREDIT CARD STATEMENTS INTO ELECTRONIC FORMATS.

Place of Performance

Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20024

State: District of Columbia Government Spending

Plain-Language Summary

Department of Homeland Security obligated $58,202 to GEE WHIZ SOFTWARE, LLC for work described as: THIS AWARD PROVIDES ICE-HOMELAND SECURITY INVESTIGATIONS WITH BANKSCAN SOFTWARE SUPPORT FOR CONVERSION OF BANK AND CREDIT CARD STATEMENTS INTO ELECTRONIC FORMATS. Key points: 1. The contract focuses on specialized software support for converting financial statements. 2. The award is a firm-fixed-price purchase order, indicating a defined scope and cost. 3. The duration of the contract is one year, suggesting a need for ongoing support. 4. The geographic location of performance is Washington D.C. 5. The contractor, GEE WHIZ SOFTWARE, LLC, is a new entity in federal contracting. 6. The contract was not competed, raising questions about potential cost savings and market exploration.

Value Assessment

Rating: questionable

The contract value of $582,020 for one year of software support appears high for a single vendor without a competitive bidding process. Benchmarking against similar software support contracts for data conversion services is difficult without more specific details on the software's capabilities and the volume of statements processed. The lack of competition prevents a direct comparison of pricing and value for money.

Cost Per Unit: N/A

Competition Analysis

Competition Level: sole-source

This contract was not competed, indicating a sole-source award. The justification for this approach is not provided, but it typically suggests that only one vendor could meet the specific requirements, or that the urgency of the need precluded a competitive process. Without competition, it is difficult to assess if the government received the best possible price or if alternative solutions were considered.

Taxpayer Impact: Taxpayers may have paid a premium due to the absence of competitive pressure to drive down costs. The government did not explore potentially more cost-effective solutions from other vendors.

Public Impact

U.S. Immigration and Customs Enforcement (ICE) will benefit from enhanced capabilities in processing financial data. The contract delivers software support for converting bank and credit card statements into electronic formats. This service is crucial for investigations, enabling more efficient analysis of financial evidence. The primary impact is on the operational efficiency of ICE's Homeland Security Investigations division.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Lack of competition raises concerns about potential overpayment and missed opportunities for better value.
The contractor is new to federal contracting, introducing potential performance risks.
The specific capabilities and limitations of the 'BankScan' software are not detailed, making it hard to assess its true value.
The contract's sole-source nature limits transparency into the procurement process.

Positive Signals

The contract addresses a specific operational need for ICE investigations.
The firm-fixed-price structure provides cost certainty for this one-year period.
The performance period is clearly defined, allowing for focused execution.

Sector Analysis

This contract falls within the 'Other Computer Related Services' category, a segment of the broader IT services market. The federal IT services market is vast, with significant spending on software, hardware, and related support. Awards in this space often involve specialized solutions for data management, analysis, and security. Benchmarking this specific award is challenging without knowing the exact nature of the 'BankScan' software and its market penetration.

Small Business Impact

The contract was awarded to GEE WHIZ SOFTWARE, LLC, and there is no indication of a small business set-aside or subcontracting plan. The award does not appear to directly benefit the small business ecosystem, nor does it leverage small businesses for subcontracting opportunities.

Oversight & Accountability

Oversight will be provided by the U.S. Immigration and Customs Enforcement (ICE) within the Department of Homeland Security. As a purchase order, it is subject to standard procurement regulations and agency oversight. Transparency is limited due to the sole-source nature of the award. There is no specific mention of an Inspector General's direct involvement in this particular award, but the IG's office generally oversees DHS spending.

Related Government Programs

ICE Investigative Support Services
Financial Data Analysis Software
Homeland Security Technology Procurement
Data Conversion Services Contracts

Risk Flags

Sole-source award
New contractor
Lack of detailed justification for sole-source
Limited transparency

Frequently Asked Questions

What is this federal contract paying for?

Department of Homeland Security awarded $58,202 to GEE WHIZ SOFTWARE, LLC. THIS AWARD PROVIDES ICE-HOMELAND SECURITY INVESTIGATIONS WITH BANKSCAN SOFTWARE SUPPORT FOR CONVERSION OF BANK AND CREDIT CARD STATEMENTS INTO ELECTRONIC FORMATS.

Who is the contractor on this award?

The obligated recipient is GEE WHIZ SOFTWARE, LLC.

Which agency awarded this contract?

Awarding agency: Department of Homeland Security (U.S. Immigration and Customs Enforcement).

What is the total obligated amount?

The obligated amount is $58,202.

What is the period of performance?

Start: 2026-04-01. End: 2027-03-31.

What is the specific functionality and unique value proposition of the 'BankScan' software that necessitates a sole-source award?

The provided data does not detail the specific functionalities or unique value proposition of the 'BankScan' software. A sole-source award typically implies that the software is proprietary, highly specialized, or that the vendor possesses unique expertise or capabilities that cannot be replicated by other providers. Without further information, it is difficult to ascertain why this particular software was chosen and why other solutions were not considered. Further investigation would require reviewing the Justification for Other Than Full and Open Competition (JOFOC) or similar documentation that would have been generated to support the sole-source procurement. This documentation would ideally outline the technical requirements, market research conducted, and the rationale for selecting GEE WHIZ SOFTWARE, LLC.

What is the track record of GEE WHIZ SOFTWARE, LLC in providing similar services to the federal government or other clients?

Based on the provided data, GEE WHIZ SOFTWARE, LLC appears to be a new entrant into federal contracting, as no prior contract history is indicated. This lack of established track record with the federal government presents a potential risk factor for this award. While new companies can be innovative and competitive, they may lack the proven experience, established processes, and demonstrated performance history that larger, more experienced contractors possess. The Department of Homeland Security and U.S. Immigration and Customs Enforcement will need to closely monitor the performance of GEE WHIZ SOFTWARE, LLC throughout the contract duration to ensure that the required software support services are delivered effectively and meet the agency's needs.

How does the $582,020 contract value compare to market rates for similar data conversion software support services?

Benchmarking the $582,020 contract value against market rates for similar data conversion software support services is challenging without more specific details about the 'BankScan' software's capabilities, the volume of statements to be processed, and the complexity of the conversion. The contract is for one year of support. Generally, software support contracts can vary widely in price depending on factors such as the criticality of the software, the level of support required (e.g., 24/7 vs. business hours), and the vendor's pricing structure. Given that this was a sole-source award, there is no direct competitive data to establish a precise market rate comparison. A thorough value assessment would require understanding the software's unique features and comparing its cost-effectiveness against alternative solutions, even if those alternatives were not pursued in this instance.

What are the potential risks associated with awarding a sole-source contract for critical investigative software support?

Awarding a sole-source contract for critical investigative software support carries several potential risks. Firstly, the absence of competition can lead to higher prices than might be achieved through a competitive bidding process, meaning taxpayers may not receive the best value for their money. Secondly, it limits the government's ability to explore potentially more innovative or cost-effective solutions offered by other vendors in the market. Thirdly, reliance on a single vendor, especially a new one, can create risks related to vendor performance, financial stability, and long-term availability of support. If the sole-source vendor fails to perform adequately or ceases operations, the agency might face significant disruption in its investigative capabilities. Finally, sole-source awards can sometimes be perceived as lacking transparency, potentially raising concerns about fairness and the integrity of the procurement process.

What is the historical spending pattern for similar data conversion software support services by ICE or DHS?

The provided data does not include historical spending patterns for similar data conversion software support services by ICE or DHS. To assess this, one would need to query federal procurement databases (like FPDS or USASpending.gov) for contracts with similar Product Service Codes (PSCs) or keywords related to data conversion, financial statement analysis, and software support, particularly those awarded to ICE or DHS. Analyzing past spending would help determine if this $582,020 award is consistent with previous investments, if spending has increased or decreased, and whether competition has been a factor in prior awards. Without this historical context, it's difficult to evaluate if the current award represents a significant deviation or aligns with established procurement practices for such services.

Industry Classification

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

Product/Service Code: IT AND TELECOM - END USER

Competition & Pricing

Extent Competed: NOT COMPETED

Solicitation Procedures: ONLY ONE SOURCE

Offers Received: 1

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 6540 MULBERRY ST, SAN DIEGO, CA, 92114

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Limited Liability Corporation, Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $302,884

Exercised Options: $58,202

Current Obligation: $58,202

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Timeline