Solutions for Financial Systems (SoFS)

Award Date 1/13/2017
Last Date To Order 1/12/2024
Shared Ceiling $750M
Contract Type
Master IDIQ
Predecessor
Not listed
Successors

The Solutions for Financial Systems (SoFS) Master Indefinite Delivery/Indefinite Quantity (IDIQ) contract, awarded by the Federal Bureau of Investigation (FBI) in January 2017, focuses on procuring specialized information technology services related to commercial off-the-shelf (COTS) product implementation and configuration. The contract vehicle enables federal agencies to acquire comprehensive financial systems support services, including development, enhancement, maintenance, operations, and user support for complex technological environments. With a shared ceiling of $750 million, the SoFS IDIQ provides a flexible procurement mechanism for federal agencies to access advanced financial and business intelligence technology solutions.

The task orders under this IDIQ consistently demonstrate a pattern of firm fixed-price and labor-hour delivery orders, predominantly awarded to professional services firms like Cbeyondata LLC, CGI Federal Inc., and International Business Machines Corporation (IBM). Typical task order values range from approximately $3.5 million to $16.5 million, with performance periods typically spanning 12-24 months. The Department of Justice components appear to be the primary funding agencies, including the FBI Headquarters Division, Executive Office for U.S. Attorneys, Bureau of Alcohol, Tobacco, Firearms and Explosives, and U.S. Marshals Service. None of the task orders reviewed utilized small business set-aside designations, and performance locations are predominantly concentrated in Virginia jurisdictions such as Arlington, Fairfax, and Washington, D.C. The task orders primarily cover business intelligence program support, financial systems support, application development, and engineering development services.

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