DOJ's $17.7M Financial Management Support Services Contract Awarded to Haynes, Inc

Contract Overview

Contract Amount: $17,738,004 ($17.7M)

Contractor: Haynes, Inc.

Awarding Agency: Department of Justice

Start Date: 2008-10-01

End Date: 2014-05-16

Contract Duration: 2,053 days

Daily Burn Rate: $8.6K/day

Number of Offers Received: 1

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: 1590324 FINANCIAL MANAGEMENT SUPPORT SERVICES

Place of Performance

Location: ARLINGTON, ARLINGTON County, VIRGINIA, 22202, UNITED STATES OF AMERICA

State: Virginia Government Spending

Plain-Language Summary

Department of Justice obligated $17.7 million to HAYNES, INC. for work described as: 1590324 FINANCIAL MANAGEMENT SUPPORT SERVICES Key points: 1. Contract awarded for financial management support services to Haynes, Inc. 2. Total value of the contract is $17.7 million. 3. The contract was awarded by the Department of Justice for the U.S. Marshals Service. 4. Services fall under 'Other Accounting Services' (NAICS 541219). 5. Contract duration spans from October 2008 to May 2014.

Value Assessment

Rating: fair

The contract value of $17.7 million for financial management support services appears to be within a reasonable range for a multi-year federal contract of this nature. Benchmarking against similar contracts would provide a more definitive assessment.

Cost Per Unit: N/A

Competition Analysis

Competition Level: unknown

The competition method is not specified, which makes it difficult to assess the impact on price discovery. If the contract was not competed fully and openly, there is a risk that the government did not secure the best possible pricing.

Taxpayer Impact: The ultimate taxpayer impact depends on the level of competition and the pricing negotiated. Without more information on the award process, it's hard to quantify.

Public Impact

Ensures financial operations for the U.S. Marshals Service are managed effectively. Supports critical law enforcement functions through sound financial practices. Provides accounting services that are essential for agency accountability and transparency. The long duration suggests a sustained need for these financial services.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Lack of specified competition method
Potential for suboptimal pricing due to limited competition

Positive Signals

Essential service for a key law enforcement agency
Long-term contract indicates sustained need and potential for stable service delivery

Sector Analysis

Financial management and accounting services are crucial for all government agencies to ensure accountability and efficient resource allocation. The benchmark for such services can vary widely based on agency size, complexity, and specific requirements.

Small Business Impact

The data does not indicate whether small businesses were involved as prime contractors or subcontractors. Further analysis would be needed to determine the extent of small business participation.

Oversight & Accountability

Oversight would typically be managed by the U.S. Marshals Service contracting office to ensure compliance with contract terms and performance standards. Accountability rests with Haynes, Inc. for service delivery and the agency for contract administration.

Related Government Programs

Other Accounting Services
Department of Justice Contracting
U.S. Marshals Service Programs

Risk Flags

Lack of transparency in competition method
Potential for inflated costs due to limited competition
Absence of performance data makes effectiveness assessment difficult
Contract duration is significant, requiring ongoing scrutiny

Frequently Asked Questions

What is this federal contract paying for?

Department of Justice awarded $17.7 million to HAYNES, INC.. 1590324 FINANCIAL MANAGEMENT SUPPORT SERVICES

Who is the contractor on this award?

The obligated recipient is HAYNES, INC..

Which agency awarded this contract?

Awarding agency: Department of Justice (U.S. Marshals Service).

What is the total obligated amount?

The obligated amount is $17.7 million.

What is the period of performance?

Start: 2008-10-01. End: 2014-05-16.

What was the specific justification for the contract award method used, and how did it impact the final price?

The award method is not specified in the provided data. Understanding the justification (e.g., sole-source, limited competition) is crucial for assessing whether the government obtained fair and reasonable pricing. If competition was limited, the price might be higher than if it were fully competed, impacting overall value for taxpayers.

How does the per-unit cost or overall contract value compare to industry benchmarks for similar financial management support services?

Without specific details on the services rendered and their quantities, a direct per-unit cost benchmark is not feasible. However, the total contract value of $17.7 million over approximately 5.7 years suggests an average annual spend of roughly $3.1 million. This figure should be compared against industry data for comparable federal or large-scale private sector financial support contracts.

What performance metrics were established, and how effectively did Haynes, Inc. meet them throughout the contract period?

The provided data does not include performance metrics or evaluation results. Assessing effectiveness requires access to contract performance reports, quality assurance reviews, and any documented issues or commendations. Without this, it's impossible to determine if the services met the U.S. Marshals Service's needs or if the contractor performed adequately.

Industry Classification

NAICS: Professional, Scientific, and Technical Services › Accounting, Tax Preparation, Bookkeeping, and Payroll Services › Other Accounting Services

Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › MANAGEMENT SUPPORT SERVICES

Contractor Details

Address: 8380 COLESVILLE ROAD, SILVER SPRING, MD, 20910

Business Categories: 8(a) Program Participant, Black American Owned Business, Category Business, Minority Owned Business, Self-Certified Small Disadvantaged Business, Small Business, Small Disadvantaged Business, Special Designations

Financial Breakdown

Contract Ceiling: $20,759,567

Exercised Options: $18,030,948

Current Obligation: $17,738,004

Parent Contract

Parent Award PIID: GS23F0408K

IDV Type: FSS

Timeline