VA's $1.16M Third Party Collections Contract with BRSI, LP Awarded Competitively

Contract Overview

Contract Amount: $11,599,834 ($11.6M)

Contractor: Brsi, LP

Awarding Agency: Department of Veterans Affairs

Start Date: 2005-06-22

End Date: 2010-03-31

Contract Duration: 1,743 days

Daily Burn Rate: $6.7K/day

Competition Type: COMPETITIVE DELIVERY ORDER

Number of Offers Received: 7

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: THIRD PARTY COLLECTIONS

Place of Performance

Location: HOUSTON, HARRIS County, TEXAS, 77008, UNITED STATES OF AMERICA

State: Texas Government Spending

Plain-Language Summary

Department of Veterans Affairs obligated $11.6 million to BRSI, LP for work described as: THIRD PARTY COLLECTIONS Key points: 1. Contract value of $1.16 million over 5 years. 2. Awarded competitively, indicating potential for good pricing. 3. Focus on accounting services (NAICS 541211) suggests a niche market. 4. Firm Fixed Price contract type helps control costs.

Value Assessment

Rating: good

The contract was awarded competitively, suggesting that the pricing was likely vetted against market rates. The firm fixed price structure further supports cost control.

Cost Per Unit: N/A

Competition Analysis

Competition Level: unknown

The contract was awarded via a competitive delivery order, implying multiple vendors were considered. This method generally leads to better price discovery and value for the government.

Taxpayer Impact: The competitive nature of the award suggests taxpayers received fair value for the accounting services rendered.

Public Impact

Ensures efficient collection of third-party debts for the VA. Supports VA's financial operations and resource management. Provides specialized accounting services to the government.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Contract duration is relatively long (5 years).
Specific performance metrics are not detailed in the provided data.

Positive Signals

Competitive award process.
Firm Fixed Price contract type.
Clear service category (accounting).

Sector Analysis

This contract falls within the professional services sector, specifically accounting and auditing services. Benchmarks for similar contracts would depend on the exact scope of third-party collections.

Small Business Impact

The data does not indicate if small businesses were involved in this contract award.

Oversight & Accountability

Oversight would typically involve performance reviews and financial audits by the VA to ensure BRSI, LP met contractual obligations and service standards.

Related Government Programs

Offices of Certified Public Accountants
Department of Veterans Affairs Contracting
Department of Veterans Affairs Programs

Risk Flags

Long contract duration may reduce flexibility.
Lack of detailed performance metrics in provided data.
Potential for vendor lock-in if not managed carefully.

Frequently Asked Questions

What is this federal contract paying for?

Department of Veterans Affairs awarded $11.6 million to BRSI, LP. THIRD PARTY COLLECTIONS

Who is the contractor on this award?

The obligated recipient is BRSI, LP.

Which agency awarded this contract?

Awarding agency: Department of Veterans Affairs (Department of Veterans Affairs).

What is the total obligated amount?

The obligated amount is $11.6 million.

What is the period of performance?

Start: 2005-06-22. End: 2010-03-31.

What was the specific scope of 'third party collections' and how did it align with the NAICS code?

The NAICS code 541211 covers 'Offices of Certified Public Accountants'. Third-party collections in this context likely refer to the recovery of debts owed to the VA from entities other than direct VA beneficiaries, potentially involving complex accounting and reconciliation processes managed by the CPA firm.

What were the key performance indicators (KPIs) for this contract?

Key performance indicators would likely focus on the efficiency and effectiveness of debt recovery, such as the percentage of collectible debt recovered, turnaround time for collections, accuracy of financial reporting, and compliance with VA regulations and data security protocols.

How did the competitive process ensure the best value for the VA beyond just price?

The competitive delivery order likely evaluated factors beyond just price, such as the vendor's experience in government debt collection, specialized accounting expertise, proposed methodology for collections, security protocols, and past performance. This holistic approach aims to secure the best overall value, balancing cost with quality and effectiveness.

Industry Classification

NAICS: Professional, Scientific, and Technical Services › Accounting, Tax Preparation, Bookkeeping, and Payroll Services › Offices of Certified Public Accountants

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

Competition & Pricing

Extent Competed: COMPETITIVE DELIVERY ORDER

Solicitation Procedures: SIMPLIFIED ACQUISITION

Offers Received: 7

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 1111 NORTH LOOP WEST SUITE 1000, HOUSTON, TX, 77008

Business Categories: Category Business, Not Designated a Small Business

Financial Breakdown

Contract Ceiling: $73,054,367

Exercised Options: $65,683,212

Current Obligation: $11,599,834

Parent Contract

Parent Award PIID: GS23F0186L

IDV Type: FSS

Timeline