VA awards $19.3M for IT services to Innovative Management & Technology Approaches Inc

Contract Overview

Contract Amount: $19,312,421 ($19.3M)

Contractor: Innovative Management & Technology Approaches Inc

Awarding Agency: Department of Veterans Affairs

Start Date: 2011-10-01

End Date: 2017-03-31

Contract Duration: 2,008 days

Daily Burn Rate: $9.6K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 2

Pricing Type: FIRM FIXED PRICE

Sector: IT

Official Description: BUSINESS PROCESS MODELING 3/4/16 CORRECTING RECORD TO FORCE PSC AND NAICS TO MODIFICATION. CW

Place of Performance

Location: DENVER, DENVER County, COLORADO, 80209

State: Colorado Government Spending

Plain-Language Summary

Department of Veterans Affairs obligated $19.3 million to INNOVATIVE MANAGEMENT & TECHNOLOGY APPROACHES INC for work described as: BUSINESS PROCESS MODELING 3/4/16 CORRECTING RECORD TO FORCE PSC AND NAICS TO MODIFICATION. CW Key points: 1. Contract awarded for 'Other Computer Related Services' (NAICS 541519). 2. Total value of $19.3M over its lifespan. 3. Awarded via Full and Open Competition. 4. Contract duration spans from 2011 to 2017.

Value Assessment

Rating: good

The contract value of $19.3M appears reasonable for a 6-year IT services contract. Benchmarking against similar contracts for 'Other Computer Related Services' would provide a more precise assessment.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded using Full and Open Competition, suggesting a competitive bidding process. This method generally leads to better price discovery and value for the government.

Taxpayer Impact: The competitive nature of the award is positive for taxpayers, as it likely resulted in a fair market price for the services rendered.

Public Impact

Veterans benefit from IT services supporting VA operations. Taxpayer funds are utilized for essential government technology infrastructure. The contract supports a private sector company providing specialized IT expertise.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

PSC code is missing, hindering detailed analysis.
No specific small business participation noted.

Positive Signals

Awarded via Full and Open Competition.
Firm Fixed Price contract type provides cost certainty.

Sector Analysis

This contract falls within the Information Technology sector, specifically 'Other Computer Related Services'. Spending in this area is substantial across government agencies, supporting a wide range of digital operations.

Small Business Impact

The data indicates that this contract was not awarded to a small business (sb: false). There is no specific information provided regarding subcontracting opportunities for small businesses on this award.

Oversight & Accountability

The contract was awarded by the Department of Veterans Affairs. Standard government oversight processes would apply to ensure performance and adherence to contract terms.

Related Government Programs

Other Computer Related Services
Department of Veterans Affairs Contracting
Department of Veterans Affairs Programs

Risk Flags

Missing primary NAICS/PSC codes.
No small business participation identified.
Lack of detailed service description.
Limited insight into competitive bidding outcomes.

Frequently Asked Questions

What is this federal contract paying for?

Department of Veterans Affairs awarded $19.3 million to INNOVATIVE MANAGEMENT & TECHNOLOGY APPROACHES INC. BUSINESS PROCESS MODELING 3/4/16 CORRECTING RECORD TO FORCE PSC AND NAICS TO MODIFICATION. CW

Who is the contractor on this award?

The obligated recipient is INNOVATIVE MANAGEMENT & TECHNOLOGY APPROACHES INC.

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 $19.3 million.

What is the period of performance?

Start: 2011-10-01. End: 2017-03-31.

What was the specific nature of the 'Other Computer Related Services' provided under this contract?

The provided data lacks specific details on the services rendered. 'Other Computer Related Services' is a broad category that could encompass a wide array of IT support, consulting, or development activities. Further investigation into contract modifications or related documentation would be necessary to ascertain the precise nature of the work performed.

How did the final price compare to initial estimates or bids received during the competition?

The data shows the total award amount but does not provide details on initial estimates or the range of bids received. A full and open competition suggests multiple bids were likely submitted, but without access to that information, a direct comparison of the final price against competitive offers is not possible from this dataset.

Were there any performance issues or contract disputes during the 2011-2017 period?

The provided data does not contain information regarding contract performance or any disputes that may have arisen. Typically, such details would be found in contract performance reports, modification histories, or agency-specific contract management systems, which are not included here.

Industry Classification

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

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

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Offers Received: 2

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 2100 CRYSTAL DR STE 750, ARLINGTON, VA, 22202

Business Categories: Category Business, Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $19,312,422

Exercised Options: $19,312,422

Current Obligation: $19,312,421

Contract Characteristics

Commercial Item: COMMERCIAL ITEM

Parent Contract

Parent Award PIID: GS35F0096L

IDV Type: FSS

Timeline