DHS FEMA Awards $5.68M for Financial Systems Modernization with RPA to NEEVSYS INC

Contract Overview

Contract Amount: $5,680,392 ($5.7M)

Contractor: Neevsys Inc.

Awarding Agency: Department of Homeland Security

Start Date: 2024-03-15

End Date: 2026-06-27

Contract Duration: 834 days

Daily Burn Rate: $6.8K/day

Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES

Number of Offers Received: 1

Pricing Type: FIRM FIXED PRICE

Sector: IT

Official Description: FINANCIAL SYSTEMS MODERNIZATION PROGRAM (FSMP) ROBOTICS PROCESS AUTOMATION (RPA)

Place of Performance

Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20472

State: District of Columbia Government Spending

Plain-Language Summary

Department of Homeland Security obligated $5.7 million to NEEVSYS INC. for work described as: FINANCIAL SYSTEMS MODERNIZATION PROGRAM (FSMP) ROBOTICS PROCESS AUTOMATION (RPA) Key points: 1. The contract focuses on Robotics Process Automation (RPA) for financial systems, a growing area of government efficiency. 2. NEEVSYS INC. is the sole awardee, raising questions about the extent of competition. 3. The contract value is substantial for a specialized IT service. 4. The sector is IT services, specifically computer systems design, which is critical for agency operations.

Value Assessment

Rating: fair

The award amount of $5.68M for 834 days of service appears reasonable for specialized IT modernization. Benchmarking against similar RPA implementation contracts would provide a clearer picture of value.

Cost Per Unit: N/A

Competition Analysis

Competition Level: limited

The contract was awarded under 'FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES,' indicating a limited competition. This method may have restricted the pool of potential bidders and potentially impacted price discovery.

Taxpayer Impact: Taxpayer funds are being used for a program aimed at improving financial system efficiency, which could lead to long-term cost savings if successful.

Public Impact

Modernization of financial systems can improve accuracy and reduce manual processing errors. RPA implementation could streamline workflows and free up personnel for higher-value tasks. The success of this program hinges on effective implementation and integration with existing financial systems. Citizens may benefit from more efficient government services due to improved back-office operations.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Limited competition raises concerns about potential overpricing.
Sole awardee for a significant contract requires scrutiny.
Dependence on a single vendor for critical system modernization.

Positive Signals

Focus on RPA aligns with government efficiency initiatives.
Potential for significant improvements in financial system operations.
Clear contract duration and award type.

Sector Analysis

This contract falls within the IT services sector, specifically computer systems design. Government spending on IT modernization, including RPA, has been increasing as agencies seek to improve efficiency and reduce legacy system costs.

Small Business Impact

The contract was not awarded to a small business, as indicated by 'sb': false. There is no specific analysis of small business participation or subcontracting opportunities mentioned in the provided data.

Oversight & Accountability

The award was made by FEMA within DHS, suggesting oversight from both agencies. The 'FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES' method implies a justification process was followed, which should be documented and available for review.

Related Government Programs

Computer Systems Design Services
Department of Homeland Security Contracting
Federal Emergency Management Agency Programs

Risk Flags

Limited competition may lead to higher costs.
Vendor lock-in risk with a sole awardee.
Effectiveness of RPA implementation is not guaranteed.
Potential for integration challenges with existing legacy systems.

Frequently Asked Questions

What is this federal contract paying for?

Department of Homeland Security awarded $5.7 million to NEEVSYS INC.. FINANCIAL SYSTEMS MODERNIZATION PROGRAM (FSMP) ROBOTICS PROCESS AUTOMATION (RPA)

Who is the contractor on this award?

The obligated recipient is NEEVSYS INC..

Which agency awarded this contract?

Awarding agency: Department of Homeland Security (Federal Emergency Management Agency).

What is the total obligated amount?

The obligated amount is $5.7 million.

What is the period of performance?

Start: 2024-03-15. End: 2026-06-27.

What specific financial processes will be automated by RPA, and what are the projected efficiency gains?

The specific financial processes targeted for RPA automation are not detailed in the provided data. However, RPA is typically used for repetitive, rule-based tasks such as data entry, reconciliation, and report generation. Projected efficiency gains would likely include reduced processing times, fewer manual errors, and reallocation of staff to more complex analytical tasks. A detailed project plan from FEMA would outline these specifics.

What was the justification for excluding other sources, and how was the pricing determined to be fair and reasonable?

The justification for excluding other sources under 'FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES' would typically involve demonstrating that only NEEVSYS INC. possessed the unique capabilities or proprietary technology required for this specific financial systems modernization program. The contracting officer must have determined the price to be fair and reasonable based on available cost or price data, comparison to similar contracts, or other established procurement regulations.

What are the key performance indicators (KPIs) for this contract, and how will success be measured?

Key performance indicators for this contract would likely focus on the successful implementation and operationalization of the RPA solution within FEMA's financial systems. Metrics could include the percentage of targeted processes automated, reduction in processing time, decrease in error rates, user adoption rates, and overall cost savings achieved. The contract's success will be measured against these defined KPIs throughout the performance period.

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 - APLLICATIONS

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Solicitation ID: 70FA3124Q00000023

Offers Received: 1

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 10005 OAKTON CROSSING CT, OAKTON, VA, 22124

Business Categories: 8(a) Program Participant, Category Business, Corporate Entity Not Tax Exempt, 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: $5,870,009

Exercised Options: $5,680,393

Current Obligation: $5,680,392

Actual Outlays: $3,999,501

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED

Parent Contract

Parent Award PIID: 47QTCB21D0332

IDV Type: GWAC

Timeline