We have been selected as the prime contractor by Pension Benefit Guaranty Corporation (PBGC) for their Financial Management Systems-Information Technology Support Services (FMS-ITSS) contract. This five-year unrestricted single award IDIQ (indefinite-delivery indefinite-quantity) contract, with a $100 million ceiling, represents exciting new work for TeraThink. The award demonstrates the continuing success of our strategy to lead transformation initiatives. We welcome the opportunity to support PBGC in achieving their strategic goals.
TeraThink is the prime integrator for Enterprise Funds Distribution (EFD), which is designed to increase visibility, auditability, and efficiency in the management of distributed funds and Congressional Actions for all Department of Defense (DoD) appropriations. EFD will be the authoritative source of Budget Line Items (BLI) for the entire life-cycle of all DOD programs.
In May 2017, the TeraThink Team concluded a year-long contract with a successful Go-Live delivered on time and within budget. The Go-Live enabled funds distribution capability for Defense organizations receiving and distributing Defense-wide funding. This effort also included migrating a user organization to EFD, developing outbound interface file formats, and providing custom reports which contain critical budget data. As a result of the successful implementation, our DLA client gave TeraThink an “exceptional” CPARs rating in 4 out of 5 evaluation areas.
The Washington Headquarters Services has awarded the $18.4 million System Operations, Maintenance, and Enhancement Services (SOMES) contract to TeraThink to support the their Enterprise Business Accountability System.
Under the contract, TeraThink will provide program management, systems integration and sustainment, and organizational change management and training support for WHS Enterprise Business Accountability System – Defense (EBAS-D) Momentum business system environment. This 3-year contract will allow TeraThink to continue to deliver world class, agile enterprise resource planning (ERP) support services to WHS and their Office of the Secretary of Defense (OSD) customer base.
TeraThink was awarded a prime contract on the Financial Management Support Services (FMASS) BPA. DoJ expects $50M in task orders to be released through the BPA, and it is available for DoJ components such as the FBI and ATF for use when soliciting financial management services. The work will include such activities such as financial statement preparation, accounting support and audit support.
TeraThink was awarded a prime contract on the USCG Audit Remediation BPA. The solicitation was released on the GSA FABS contract vehicle and is estimated at a $100M ceiling. The tasks expected to be released on the vehicle will provide support for the USCG as the organization seeks to resolve audit deficiencies as well as other related financial management services.
As a subcontractor to KPMG, TeraThink was issued a single award for DLA J-8 Stewardship Improvement and Audit Readiness Support. The period of performance is a base year with four option periods.