Treasury MACs (Department Of The Treasury Multiple Award Contract)

What is Treasury Macs Department Of The Treasury Multiple Award Contract?

Treasury MACs (Department of the Treasury Multiple Award Contracts) are a collection of indefinite-delivery/indefinite-quantity (IDIQ) contracts awarded by the Department of the Treasury to multiple vendors. These contracts provide a streamlined mechanism for the Treasury and its various bureaus to procure a wide array of services and solutions.

Definition

Treasury MACs are designed to provide the Department of the Treasury with access to a pool of qualified contractors capable of delivering diverse services. These multiple-award contracts are established under Federal Acquisition Regulation (FAR) Part 16, enabling the government to award multiple contracts for the same or similar requirements. Task orders are then competed amongst the awardees. This fosters competition, encourages innovation, and ensures best value for the government. Treasury MACs cover a range of areas, including IT services, financial services, administrative support, and more. These MACs significantly reduce the time and effort required for individual agencies within the Treasury to procure services, as the basic contract terms and conditions are already established.

Key Points

• Multiple Award Structure: Treasury MACs are awarded to multiple contractors, allowing for competition at the task order level.
• Wide Range of Services: They cover diverse service areas, catering to the various needs of the Department of the Treasury.
• Streamlined Procurement: They expedite the procurement process by establishing pre-negotiated terms and conditions.
• Task Order Competition: Contractors compete for individual task orders released under the MAC, promoting competitive pricing and innovation.

Practical Examples

1. IT Modernization: A Treasury bureau needs to modernize its IT infrastructure. Using a Treasury MAC for IT services, it can quickly issue a task order to multiple pre-qualified contractors, streamlining the selection process.
2. Financial Consulting: The Treasury requires expert advice on financial regulations. A financial services Treasury MAC allows the agency to solicit proposals from several pre-vetted consulting firms, ensuring access to qualified experts.
3. Administrative Support: A Treasury office needs temporary administrative support. Leveraging a Treasury MAC for administrative services provides a fast and efficient way to onboard qualified personnel without extensive individual contracting actions.