Department of the Treasury Awarded a Contract to FCN INC for $2,065,225.00

Summary of Award

The awarded contract details between the U.S. federal government and the contract recipient, FCN Inc., reveal a significant engagement in the realm of IT and telecommunications. This contract is primarily related to providing a suite of IT products and services, specifically focusing on a "Thales brand named CipherTrust Flex Connector Bundle," which includes licenses and maintenance services.

**Contract Overview and Obligations**

The contract, identified by the unique award ID "CONT_AWD_2032H522F00431_2050_NNG15SC71B_8000," is categorized as a delivery order under the award type "C," indicating its nature as an implementation of an existing agreement. Signed on August 10, 2022, this contract is enacted between the Department of the Treasury, specifically the Internal Revenue Service (IRS), and FCN Inc. The total obligation for the contract stands at $1,657,565 with a maximum ceiling, including all potential options, of $2,065,225. The contract is designed to last until August 9, 2025, with the possibility of extending to 2027. Given the value and strategic importance of the contract, several considerations are highlighted, such as a firm-fixed price type of pricing, indicating a set payment amount regardless of incurred costs. The procurement was conducted through full and open competition after exclusion of certain sources, reflecting a competitive bidding process where FCN Inc. emerged successfully among 12 offers. **Nature of Products and Services** FCN Inc. provides a specialized product line as indicated by the product or service code "7B21," which focuses on IT and telecommunication compute, specifically mainframe hardware and perpetual license software. The North American Industry Classification System (NAICS) code "541519" confirms the nature of goods and services as related to "Other Computer Related Services." The contract's deliverables include perpetual licenses, which are long-term software licenses, improving the IRS's IT infrastructure through enhanced encryption and key management capabilities—a vital requirement in today’s data-centric environment. **Recipient and Corporate Structure** FCN Inc., the contract recipient, is a woman-owned, small business corporation operating out of Rockville, Maryland. The company's primary engagement rests within “Category Business,” and it falls under special designations that highlight its strategic business advantages, including being a U.S.-owned business. Executively led by Anne Sullivan, Dennis Sullivan, Kirk Fox, Stuart Miller, and Phil Beaulieu, the leadership team commands significant compensation reflecting the high-level operations and strategic decisions involved. Each of the key executives receives compensation around $1,000,000 to $1,200,000, emphasizing the scale and impact of the operation being managed. **Transaction Summary and Financial Movement** The transaction history outlines five significant financial steps correlating with the contract. Key transactions include: 1. **Initial Transaction (August 10, 2022):** - The commencement of the contract with a substantial transaction amount of $1,245,480. This initial financial movement reflects the deployment of resources and foundational arrangements to commence operations. 2. **Subsequent Transactions:** - A transaction on July 12, 2023, introduced an additional amount of $206,455, indicating perhaps periodic payment for ongoing services or fulfillment of contract specifications. - Another adjustment on August 4, 2024, with a transaction amount of $205,630, could reflect further scope advancement or extended service delivery. 3. **Modifications and Order Extensions:** - The modifications labeled as "P00001" and "P00004" throughout various action dates suggest administrative adjustments or contractual amendments without additional funding (for transactions on September 12, 2022, and March 26, 2025, respectively). Together, these transactions signify strategic financial planning and progressive implementation, ensuring smooth operation, possibly reflecting quarterly or annual assessments and payments based on performance metrics and deliverables achieved. **Agency and Contract Oversight** The awarding agency, the Department of the Treasury, specifically its IRS division, indicates the strategic importance of this contract in enhancing the agency's information security and management capabilities. Given the sensitive nature of Treasury data, such initiatives are pivotal. The contract’s alignment with NASA as a parent award through its ID "NNG15SC71B” under the Government-Wide Acquisition Contract (GWAC) also hints at a broader federal strategic initiative using shared contract vehicles to streamline procurement and delivery. **Conclusion** This contract paints a picture of both technical sophistication and strategic business engagement between FCN Inc. and a major U.S. federal agency. Such initiatives are not only about adding IT capabilities but ensuring the resilience and advancement of governmental data management, economic transactions, and security systems. The partnership reflects FCN Inc.’s vital role in fulfilling these strategic needs, further highlighting the critical trust placed in local businesses to sustain and elevate national technological infrastructures efficiently.