Treasury's $23.2M Deloitte Contract for Compliance Tool Services Awarded via Full and Open Competition

Contract Overview

Contract Amount: $23,187,209 ($23.2M)

Contractor: Deloitte Consulting LLP

Awarding Agency: Department of the Treasury

Start Date: 2012-05-29

End Date: 2018-04-24

Contract Duration: 2,156 days

Daily Burn Rate: $10.8K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 8

Pricing Type: FIRM FIXED PRICE

Sector: IT

Official Description: CLOSELY ASSOCIATED COMPLIANCE ANALYSIS TOOL, ANALYTICAL SERVICES, SUPPORT, AND TRAINING

Place of Performance

Location: ALEXANDRIA, ALEXANDRIA CITY County, VIRGINIA, 22314

State: Virginia Government Spending

Plain-Language Summary

Department of the Treasury obligated $23.2 million to DELOITTE CONSULTING LLP for work described as: CLOSELY ASSOCIATED COMPLIANCE ANALYSIS TOOL, ANALYTICAL SERVICES, SUPPORT, AND TRAINING Key points: 1. Contract awarded to Deloitte Consulting LLP for analytical services and training. 2. Significant value of $23.2 million over its duration. 3. Full and open competition was utilized, suggesting a competitive bidding process. 4. The contract falls under IT services, specifically custom computer programming. 5. The contract was a definitive contract with a firm fixed price.

Value Assessment

Rating: good

The contract value of $23.2 million over approximately 6 years suggests a substantial investment. Benchmarking against similar custom programming services contracts would be necessary for a precise pricing assessment, but the firm fixed price indicates a defined cost structure.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, which typically allows for the widest possible range of bidders and promotes price discovery. This method is generally expected to yield competitive pricing.

Taxpayer Impact: The use of full and open competition aims to ensure taxpayer dollars are spent efficiently by fostering a competitive environment for service providers.

Public Impact

Enhances compliance capabilities for the Bureau of the Fiscal Service. Supports critical analytical functions within the Department of the Treasury. Potential for improved efficiency and accuracy in financial compliance processes. Deloitte's expertise in consulting services is leveraged for this specialized tool.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Contract duration of 2156 days (approx. 6 years) may indicate long-term reliance on a single vendor.
Lack of specific performance metrics or outcomes in the provided data.
Potential for vendor lock-in given the specialized nature of the tool.

Positive Signals

Awarded through full and open competition.
Firm fixed price contract provides cost certainty.
Utilizes a well-established IT service category (NAICS 541511).

Sector Analysis

This contract falls within the Information Technology sector, specifically custom computer programming services. Spending in this area is substantial across government, with significant investments in software development, system integration, and analytical tools to support agency missions.

Small Business Impact

The data indicates this contract was not awarded to small businesses (sb: false). While full and open competition was used, there is no specific set-aside for small businesses in this award.

Oversight & Accountability

The contract was awarded by the Bureau of the Fiscal Service within the Department of the Treasury. Oversight would typically involve contract management by the agency to ensure deliverables meet requirements and are within budget.

Related Government Programs

Custom Computer Programming Services
Department of the Treasury Contracting
Bureau of the Fiscal Service Programs

Risk Flags

Long contract duration without clear adaptability clauses.
No indication of performance metrics or KPIs.
Lack of small business participation.
Potential for vendor lock-in with specialized software.
Limited insight into specific compliance functions supported.

Frequently Asked Questions

What is this federal contract paying for?

Department of the Treasury awarded $23.2 million to DELOITTE CONSULTING LLP. CLOSELY ASSOCIATED COMPLIANCE ANALYSIS TOOL, ANALYTICAL SERVICES, SUPPORT, AND TRAINING

Who is the contractor on this award?

The obligated recipient is DELOITTE CONSULTING LLP.

Which agency awarded this contract?

Awarding agency: Department of the Treasury (Bureau of the Fiscal Service).

What is the total obligated amount?

The obligated amount is $23.2 million.

What is the period of performance?

Start: 2012-05-29. End: 2018-04-24.

What specific compliance functions does the tool support, and how has it improved the Bureau of the Fiscal Service's operational efficiency?

The provided data does not detail the specific compliance functions the 'CLOSELY ASSOCIATED COMPLIANCE ANALYSIS TOOL' supports. To assess value, further information is needed on the tool's capabilities, such as its ability to automate regulatory checks, identify financial anomalies, or streamline reporting. Understanding its impact on efficiency would require metrics on reduced processing times, error rates, or personnel hours saved.

What were the key evaluation criteria used during the full and open competition, and how did Deloitte's proposal demonstrate superior technical and cost advantages?

The data does not specify the evaluation criteria for this contract. In a full and open competition, agencies typically evaluate proposals based on a combination of technical approach, past performance, key personnel, and price. Understanding how Deloitte's offering was deemed the best value requires access to the source selection decision document, which would detail the trade-offs made between technical factors and cost.

Given the 6-year duration, what mechanisms are in place to ensure the compliance tool remains effective and adaptable to evolving regulatory landscapes?

The contract duration of approximately six years (2156 days) suggests a long-term need. However, the provided data lacks details on contract modification clauses, service level agreements for updates, or provisions for incorporating changes in regulations. Effective oversight would involve regular reviews to ensure the tool's continued relevance and performance against current and future compliance requirements.

Industry Classification

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

Product/Service Code: INFORMATION TECHNOLOGY EQUIPMENT (INCLD FIRMWARE) SOFTWARE,SUPPLIES& SUPPORT EQUIPMENT

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE

Solicitation ID: BPD-CFP-12-CI-0008

Offers Received: 8

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Parent Company: Deloitte LLP (UEI: 014127109)

Address: 1725 DUKE ST, ALEXANDRIA, VA, 22314

Business Categories: Category Business, Not Designated a Small Business, Partnership or Limited Liability Partnership, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $23,187,209

Exercised Options: $23,187,209

Current Obligation: $23,187,209

Subaward Activity

Number of Subawards: 7

Total Subaward Amount: $8,589,202

Contract Characteristics

Commercial Item: COMMERCIAL ITEM

Cost or Pricing Data: NO

Timeline