DOJ's FBI Spends $23.8M on Forfeiture Services with BearingPoint, Inc
Contract Overview
Contract Amount: $23,790,862 ($23.8M)
Contractor: Bearingpoint, Inc.
Awarding Agency: Department of Justice
Start Date: 2010-10-01
End Date: 2011-09-30
Contract Duration: 364 days
Daily Burn Rate: $65.4K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 1
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: FORFEITURE SERVICES
Place of Performance
Location: MC LEAN, FAIRFAX County, VIRGINIA, 22102, UNITED STATES OF AMERICA
State: Virginia Government Spending
Plain-Language Summary
Department of Justice obligated $23.8 million to BEARINGPOINT, INC. for work described as: FORFEITURE SERVICES Key points: 1. The contract value is $23.8 million for administrative management and general management consulting services. 2. BearingPoint, Inc. secured the contract under full and open competition. 3. The contract duration is one year, ending September 30, 2011. 4. The services provided fall under NAICS code 541611.
Value Assessment
Rating: fair
The contract value of $23.8 million for a one-year duration appears reasonable for specialized administrative management consulting services. Benchmarking against similar contracts for management consulting would be necessary for a definitive assessment.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded through full and open competition, suggesting a robust price discovery process. This method typically leads to competitive pricing as multiple vendors had the opportunity to bid.
Taxpayer Impact: Taxpayer funds are utilized for these services. The competitive award process aims to ensure value for money, but the ultimate impact depends on the effectiveness and efficiency of the services rendered.
Public Impact
Supports federal law enforcement operations by providing essential administrative and management consulting. Enhances the efficiency of forfeiture services within the FBI. The contract contributes to the operational capabilities of a key federal agency.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of detailed performance metrics in the provided data.
- Potential for scope creep in consulting services.
- Reliance on a single vendor for a critical function.
Positive Signals
- Awarded through full and open competition.
- Firm Fixed Price contract type can control costs.
- Services support critical law enforcement functions.
Sector Analysis
This contract falls under professional services, specifically management consulting. Spending in this sector can vary widely based on agency needs and project scope. The FBI's requirement for forfeiture services suggests a specialized niche within administrative management.
Small Business Impact
The data indicates that BearingPoint, Inc. is the prime contractor. There is no information provided regarding small business participation or subcontracting in this specific contract award.
Oversight & Accountability
Oversight would typically be managed by the FBI contracting officer and program managers. Regular performance reviews and adherence to contract terms are crucial for accountability.
Related Government Programs
- Administrative Management and General Management Consulting Services
- Department of Justice Contracting
- Federal Bureau of Investigation Programs
Risk Flags
- Potential for cost overruns if scope is not well-defined.
- Dependency on contractor performance for critical functions.
- Limited duration may necessitate future contract actions.
- Lack of transparency on specific service deliverables.
Tags
administrative-management-and-general-ma, department-of-justice, va, do, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Justice awarded $23.8 million to BEARINGPOINT, INC.. FORFEITURE SERVICES
Who is the contractor on this award?
The obligated recipient is BEARINGPOINT, INC..
Which agency awarded this contract?
Awarding agency: Department of Justice (Federal Bureau of Investigation).
What is the total obligated amount?
The obligated amount is $23.8 million.
What is the period of performance?
Start: 2010-10-01. End: 2011-09-30.
What specific forfeiture services are being provided, and how do they directly contribute to the FBI's mission effectiveness?
The provided data lacks specifics on the exact forfeiture services. However, such services generally involve managing seized assets, legal support, and administrative processes related to forfeiture proceedings. Effective provision of these services would streamline the handling of forfeited assets, potentially increasing revenue for the government and supporting law enforcement investigations.
What are the key performance indicators (KPIs) used to measure the success and value of BearingPoint's services under this contract?
The provided data does not specify the KPIs. Typically, for management consulting contracts, KPIs might include efficiency gains in processing forfeiture cases, accuracy in asset management, cost savings achieved, or timely completion of administrative tasks. Without these metrics, assessing the true value and effectiveness of the services is challenging.
How does the $23.8 million contract value compare to industry benchmarks for similar forfeiture management consulting services?
A direct comparison to industry benchmarks is difficult without more specific details on the scope and deliverables. However, $23.8 million for a year of comprehensive administrative management and general management consulting services for a federal agency like the FBI suggests a significant engagement. Further analysis would require comparing it to contracts of similar size and complexity within the federal government and private sector.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Management, Scientific, and Technical Consulting Services › Administrative Management and General Management Consulting Services
Product/Service Code: SPECIAL STUDIES/ANALYSIS, NOT R&D › SPECIAL STUDIES - NOT R and D
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
Address: 1676 INTERNATIONAL DR, MC LEAN, VA, 22102
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business
Financial Breakdown
Contract Ceiling: $23,790,862
Exercised Options: $23,790,862
Current Obligation: $23,790,862
Parent Contract
Parent Award PIID: DJJ08C1657
IDV Type: IDC
Timeline
Start Date: 2010-10-01
Current End Date: 2011-09-30
Potential End Date: 2011-09-30 00:00:00
Last Modified: 2015-05-29
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