DoD's $7.69M Iron Bank contract awarded to OTEEMO INC for custom programming services

Contract Overview

Contract Amount: $7,694,310 ($7.7M)

Contractor: Oteemo Inc

Awarding Agency: Department of Defense

Start Date: 2023-05-05

End Date: 2026-05-04

Contract Duration: 1,095 days

Daily Burn Rate: $7.0K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 13

Pricing Type: FIRM FIXED PRICE

Sector: IT

Official Description: P1 OPS - IRON BANK - TEAM 2

Place of Performance

Location: SAN ANTONIO, BEXAR County, TEXAS, 78243

State: Texas Government Spending

Plain-Language Summary

Department of Defense obligated $7.7 million to OTEEMO INC for work described as: P1 OPS - IRON BANK - TEAM 2 Key points: 1. Contract Value: $7.69 million over 3 years. 2. Competition: Full and open competition. 3. Risk: Low risk due to fixed-price contract. 4. Sector: Information Technology (Custom Computer Programming).

Value Assessment

Rating: good

The contract value of $7.69 million for 3 years appears reasonable for custom computer programming services. Benchmarking against similar contracts for specialized IT development is recommended for a more precise assessment.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, indicating a robust price discovery process. This method generally leads to competitive pricing.

Taxpayer Impact: The use of full and open competition suggests taxpayers are likely receiving fair value for the services rendered.

Public Impact

Supports Department of the Air Force operations. Provides custom computer programming services. Contract duration of 3 years ensures continuity. Awarded to OTEEMO INC, a Texas-based company.

Waste & Efficiency Indicators

Waste Risk Score: 70 / 10

Warning Flags

Potential for scope creep in custom programming.
Reliance on a single vendor for critical services.

Positive Signals

Firm fixed-price contract limits cost overruns.
Full and open competition promotes market efficiency.

Sector Analysis

This contract falls within the IT sector, specifically custom computer programming services. Spending in this area is substantial across government agencies, with significant variation based on project complexity and duration.

Small Business Impact

The data does not indicate if OTEEMO INC is a small business. Further analysis would be needed to determine the impact on small business participation.

Oversight & Accountability

The contract is a delivery order under a larger award, suggesting it has undergone initial review. Ongoing oversight will be crucial to ensure performance and adherence to contract terms.

Related Government Programs

Custom Computer Programming Services
Department of Defense Contracting
Department of the Air Force Programs

Risk Flags

Potential for vendor lock-in.
Scope creep risk in custom development.
Dependence on vendor expertise.
Ensuring adequate technical oversight.

Frequently Asked Questions

What is this federal contract paying for?

Department of Defense awarded $7.7 million to OTEEMO INC. P1 OPS - IRON BANK - TEAM 2

Who is the contractor on this award?

The obligated recipient is OTEEMO INC.

Which agency awarded this contract?

Awarding agency: Department of Defense (Department of the Air Force).

What is the total obligated amount?

The obligated amount is $7.7 million.

What is the period of performance?

Start: 2023-05-05. End: 2026-05-04.

What is the specific nature of the custom computer programming services required for P1 OPS - IRON BANK?

The specific nature of the custom computer programming services for P1 OPS - IRON BANK is not detailed in the provided data. Typically, such services involve designing, developing, testing, and maintaining software tailored to unique government requirements, potentially including system integration, database development, or specialized application creation.

How does the $7.69 million contract value compare to industry benchmarks for similar custom programming projects?

Without specific details on the project's scope, complexity, and required technologies, a precise benchmark comparison is difficult. However, for a 3-year custom programming project of this magnitude, the value appears within a reasonable range, assuming it involves specialized skills or significant development effort. Further research into comparable government or commercial contracts would provide a more definitive assessment.

What are the key performance indicators (KPIs) for this contract to ensure effectiveness and value for money?

Key performance indicators for this contract would likely focus on software functionality, adherence to technical specifications, timely delivery of milestones, system performance and reliability, and user satisfaction. Effective monitoring of these KPIs by the Department of the Air Force will be crucial to ensure the custom programming services meet the intended operational needs and provide good value for taxpayer funds.

Industry Classification

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

Product/Service Code: IT AND TELECOM - INFORMATION TECHNOLOGY AND TELECOMMUNICATIONS › IT AND TELECOM - APLLICATIONS

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Offers Received: 13

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 43885 CHURCHILL GLEN DRIVE, CHANTILLY, VA, 20152

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Minority Owned Business, Small Business, Special Designations, Indian (Subcontinent) American Owned Business, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $8,375,068

Exercised Options: $8,375,068

Current Obligation: $7,694,310

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: FA830720G0045

IDV Type: BOA

Timeline