Black Knight Data Service Contract Awarded for $2.06M, Extending to 2027
Contract Overview
Contract Amount: $2,063,775 ($2.1M)
Contractor: Black Knight Data & Analytics LLC
Awarding Agency: Government Accountability Office
Start Date: 2021-09-30
End Date: 2027-03-29
Contract Duration: 2,006 days
Daily Burn Rate: $1.0K/day
Competition Type: COMPETED UNDER SAP
Number of Offers Received: 2
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: RESIDENTIAL MORTGAGE DATA SERVICE
Place of Performance
Location: JACKSONVILLE, DUVAL County, FLORIDA, 32204
State: Florida Government Spending
Plain-Language Summary
Government Accountability Office obligated $2.1 million to BLACK KNIGHT DATA & ANALYTICS LLC for work described as: RESIDENTIAL MORTGAGE DATA SERVICE Key points: 1. Contract awarded to Black Knight Data & Analytics LLC for residential mortgage data services. 2. The contract has a total value of $2,063,775 and runs until March 2027. 3. Awarded under 'COMPETED UNDER SAP' (Simplified Acquisition Procedures), suggesting a streamlined competition process. 4. The service falls under NAICS code 541910 (Marketing Research and Public Opinion Polling).
Value Assessment
Rating: good
The contract's fixed price structure provides cost certainty. Benchmarking against similar data service contracts would be beneficial, but the current value appears reasonable for the duration and scope.
Cost Per Unit: N/A
Competition Analysis
Competition Level: limited
The contract was competed under SAP, indicating a limited competition process. While competed, the specific details of the competition and how price was discovered are not fully detailed, potentially limiting optimal price discovery.
Taxpayer Impact: The contract value of $2.06M over approximately 5.5 years represents a modest investment for essential data services, with the fixed-price nature aiming to control taxpayer costs.
Public Impact
Provides critical data for understanding the residential mortgage market. Supports government agencies in policy-making and market oversight. Ensures access to up-to-date information for financial stability initiatives. Potential impact on housing market analysis and consumer lending practices.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Limited competition details
- Potential for better price discovery with broader competition
Positive Signals
- Fixed-price contract
- Long-term data provision
- Supports government functions
Sector Analysis
This contract falls within the data services and market research sector, which is crucial for government understanding of economic trends. Spending benchmarks for similar data services vary widely based on scope and data type.
Small Business Impact
The contract was awarded to Black Knight Data & Analytics LLC, a specific firm. There is no explicit indication of small business participation or subcontracting in the provided data.
Oversight & Accountability
The contract was awarded by the Government Accountability Office (GAO), suggesting a level of internal oversight. Further review of specific oversight mechanisms and performance monitoring would be needed.
Related Government Programs
- Marketing Research and Public Opinion Polling
- Government Accountability Office Contracting
- GAO, Except Comptroller General Programs
Risk Flags
- Limited competition details
- Potential for price not being fully optimized
- Lack of explicit small business involvement
- Contract duration may limit flexibility for future needs
Tags
marketing-research-and-public-opinion-po, government-accountability-office, fl, definitive-contract, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
Government Accountability Office awarded $2.1 million to BLACK KNIGHT DATA & ANALYTICS LLC. RESIDENTIAL MORTGAGE DATA SERVICE
Who is the contractor on this award?
The obligated recipient is BLACK KNIGHT DATA & ANALYTICS LLC.
Which agency awarded this contract?
Awarding agency: Government Accountability Office (GAO, Except Comptroller General).
What is the total obligated amount?
The obligated amount is $2.1 million.
What is the period of performance?
Start: 2021-09-30. End: 2027-03-29.
What specific data points are included in the Residential Mortgage Data Service, and how do they contribute to GAO's mission?
The service likely provides comprehensive data on mortgage originations, servicing, delinquencies, and foreclosures. This data is crucial for the GAO's audits and investigations into government housing programs, financial markets, and potential risks to taxpayers. Understanding these trends allows for informed recommendations and oversight of federal housing policies.
Given the limited competition under SAP, what are the potential risks to cost-effectiveness and innovation?
Limited competition under SAP can sometimes lead to higher prices than a fully open competition might yield, as fewer vendors are incentivized to offer their best pricing. It may also limit exposure to innovative solutions from a wider market. However, for established services, SAP can ensure timely delivery at a reasonable cost if the initial vendor is competitive.
How does the 'DEFINITIVE CONTRACT' status impact the flexibility and long-term value of this agreement for the GAO?
A definitive contract provides a stable, long-term agreement with defined terms and conditions, ensuring consistent access to the data service through March 2027. This stability is valuable for planning and operations. However, it might also imply less flexibility to adapt to rapidly changing data needs or to switch providers if a more advantageous opportunity arises before the contract's end.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Other Professional, Scientific, and Technical Services › Marketing Research and Public Opinion Polling
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › PROFESSIONAL SERVICES
Competition & Pricing
Extent Competed: COMPETED UNDER SAP
Solicitation Procedures: SIMPLIFIED ACQUISITION
Solicitation ID: 05GA0A21Q0076
Offers Received: 2
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 121 THEORY STE 100, IRVINE, CA, 92617
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Limited Liability Corporation, Not Designated a Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $2,678,775
Exercised Options: $2,063,775
Current Obligation: $2,063,775
Actual Outlays: $435,000
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Cost or Pricing Data: NO
Timeline
Start Date: 2021-09-30
Current End Date: 2027-03-29
Potential End Date: 2027-03-29 00:00:00
Last Modified: 2026-02-23
Other Government Accountability Office Contracts
- Ffp&t&m Hybrid Task Order From Nitaac With Base Period and Five (5) Optional Periods With Optional Clins in Support of the IT Operations, Engineering and Enhancement Support Services (oeess) for the GAO Ists Program — $137.6M (Salient Crgt, Inc.)
- Commerical Facilities Management — $79.4M (Unicco Government Services, Inc)
- Wits-3 Telecommunication Services for FY 2014-2015. Igf::ot::igf — $28.8M (Verizon Federal Inc.)
- THE Purpose of This Action IS to Establish a Task Order Against Gsas Enterprise Infrastructure Solutions (EIS) Contract With a Base and Eight (8) Option Periods, for GAO Network/Data, Voice and Managed Services — $25.9M (Lumen Technologies Government Solutions, Inc.)
- THE Purpose of This Action IS to Establish a Bridge Contract for It-Oeess While the NEW TIS Contract Award IS Undergoing a Protest — $20.4M (Salient Crgt, Inc.)