28321320D00060010 - THIRD PARTY PAYMENT SYSTEM (TPPS) BANK SERVICES CO... | Federal Compass

28321320D00060010 - THIRD PARTY PAYMENT SYSTEM (TPPS) BANK SERVICES CO...

Federal Contract Award Search » IDC Award

This IDC contract for Financial services was awarded in FY2020 on July 21, 2020 to CITIBANK, N.A. by DCBFM Office of Acquisition and Grants. There have been $168k in obligations to date with a ceiling value of $417.7k, showing a 40% burn rate so far on the contract. The contract was not competed under any preference program with 2 offers received. We expect a 4 year duration with ultimate completion date of August 30, 2024.

CITIBANK, N.A. is a contractor located in SD, doing primarily Financial services work for Health and Human Services. The company receives $665.4k annually in federal awards (as of FY2020). Also, they have shown success winning No/Limited Bias contracts concentrated mainly on a singular customer focused portfolio.

The Federal Government competes and awards an Indefinite Delivery Contract (IDC) to support requirements where the quantity and time of delivery are unknown. Typically referred to as Indefinite Delivery-Indefinite Quantity (IDIQ) contracts, the Government has the option of awarding a single or multiple award IDIQ. Once awarded, an IDIQ acts as a master agreement between the Federal Government and one or more contractors. On an as-needed basis, Federal buying organizations place orders, commonly referred to as Task Orders against an IDIQ, to purchase goods or services available through the IDIQ.

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Contract Number
28321320D00060010
Obligations to Date
$168k
Ceiling Value
$417.7k
Award Date
07/21/2020
Contract Type
IDC
Competition Set Aside Type
No set aside used

Buying Agency/Office
Social Security Administration » SSA Deputy Commissioner, Budget, Finance, and Management (DCBFM) » DCBFM Office of Acquisition and Grants


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Task Order History

Task Order No. Contractor Obligations Effective Date
28321320FDS030211 CITIBANK, NATIONAL ASSOCIATION $31.3k 07/21/2020
28321321FDS030189 CITIBANK, NATIONAL ASSOCIATION $40.8k 08/04/2021
28321322FDS030184 CITIBANK, NATIONAL ASSOCIATION $59.9k 08/02/2022
28321323FDS030178 CITIBANK, NATIONAL ASSOCIATION $36.1k 08/02/2023

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