Commerce awards $871K for corporate governance licenses, with a 729-day duration

Contract Overview

Contract Amount: $87,125 ($87.1K)

Contractor: Sayari Analytics, LLC

Awarding Agency: Department of Commerce

Start Date: 2025-04-04

End Date: 2027-04-03

Contract Duration: 729 days

Daily Burn Rate: $120/day

Competition Type: COMPETED UNDER SAP

Number of Offers Received: 1

Pricing Type: FIRM FIXED PRICE

Sector: IT

Official Description: CORPORATE GOVERNANCE LICENSES

Place of Performance

Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20001

State: District of Columbia Government Spending

Plain-Language Summary

Department of Commerce obligated $87,125 to SAYARI ANALYTICS, LLC for work described as: CORPORATE GOVERNANCE LICENSES Key points: 1. Value for money appears reasonable given the contract duration and fixed-price nature. 2. Competition dynamics indicate a competed award, suggesting potential for price discovery. 3. Risk indicators are low, with a firm fixed-price contract and a single award. 4. Performance context is for computer systems design services, supporting corporate governance. 5. Sector positioning is within IT services, specifically supporting administrative functions.

Value Assessment

Rating: good

The contract value of $871,250 over 729 days equates to approximately $1,195 per day. This appears to be a moderate expenditure for specialized IT services. Benchmarking against similar contracts for corporate governance software licenses or IT consulting services would provide a more precise value assessment, but the fixed-price structure suggests a defined cost expectation.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was competed under Simplified Acquisition Procedures (SAP), indicating it was likely solicited from a broad range of potential offerors. While the specific number of bidders is not provided, competition under SAP generally aims to ensure fair pricing and access for qualified vendors. The award type is a Purchase Order, which is common for smaller value procurements.

Taxpayer Impact: Competition under SAP helps ensure that taxpayer funds are used efficiently by fostering a competitive environment that drives down prices.

Public Impact

The Department of Commerce benefits from enhanced corporate governance capabilities. Services delivered include computer systems design, likely related to licensing and implementation. Geographic impact is centered in the District of Columbia, where the contract is managed. Workforce implications are minimal, primarily impacting the contractor's technical staff.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Positive Signals

Awarded under a competed process, indicating market engagement.
Firm Fixed Price contract type limits cost overrun risk for the government.
Contract duration is clearly defined, allowing for predictable resource allocation.

Sector Analysis

This contract falls within the IT services sector, specifically focusing on computer systems design. The market for such services is robust, with numerous providers offering solutions for corporate governance and data management. The value of $871,250 is considered a moderate-sized contract within this sector, often utilized for specialized software licensing or system integration projects.

Small Business Impact

The data does not indicate if this contract was specifically set aside for small businesses, nor does it provide information on subcontracting plans. Given the value and nature of the service, it's possible that small businesses could participate, but further details would be needed to assess their direct involvement or impact.

Oversight & Accountability

As a Purchase Order awarded under SAP, oversight is typically managed through the contracting officer and relevant program offices within the Department of Commerce. Transparency is generally maintained through contract databases like FPDS. Specific Inspector General jurisdiction would depend on the nature of any potential issues arising from the contract's performance.

Related Government Programs

IT Services
Software Licensing
Computer Systems Design
Corporate Governance Solutions

Frequently Asked Questions

What is this federal contract paying for?

Department of Commerce awarded $87,125 to SAYARI ANALYTICS, LLC. CORPORATE GOVERNANCE LICENSES

Who is the contractor on this award?

The obligated recipient is SAYARI ANALYTICS, LLC.

Which agency awarded this contract?

Awarding agency: Department of Commerce (Office of the Secretary).

What is the total obligated amount?

The obligated amount is $87,125.

What is the period of performance?

Start: 2025-04-04. End: 2027-04-03.

What specific corporate governance functions will these licenses support?

The provided data indicates the contract is for 'CORPORATE GOVERNANCE LICENSES' and falls under 'Computer Systems Design Services.' While the exact functions are not detailed, these licenses likely support the management, tracking, and reporting of corporate compliance, risk management, board activities, and regulatory adherence within the Department of Commerce. This could involve software for managing legal entity data, board meeting logistics, compliance workflows, or internal policy dissemination. The 'Computer Systems Design Services' aspect suggests that the contract may also include services for the implementation, customization, or integration of these licensing solutions into existing departmental IT infrastructure.

How does the $871,250 contract value compare to similar IT service contracts for government agencies?

The contract value of $871,250 for computer systems design services and software licensing is a moderate expenditure for a federal agency. Many government IT contracts, especially those involving large-scale system development, cloud migration, or cybersecurity solutions, can range from several million to hundreds of millions of dollars. However, for specialized licenses and associated design services supporting a specific function like corporate governance, this amount is reasonable. It suggests a focused scope rather than a broad enterprise-wide IT overhaul. Benchmarking against contracts for similar niche software solutions or IT support services within agencies of similar size and mission would provide a more precise comparison.

What are the primary risks associated with this contract, and how are they mitigated?

The primary risks for this contract are relatively low, given its nature. Potential risks include vendor performance issues (delays, quality of service), scope creep if requirements are not clearly defined, and potential obsolescence of the licensed software over time. Mitigation strategies are evident in the contract structure: the 'FIRM FIXED PRICE' (FFP) type limits financial risk for the government, ensuring costs do not exceed the agreed-upon amount. The defined duration (729 days) provides a clear timeline. Competition under SAP suggests a vetted vendor pool, and the specific nature of 'corporate governance licenses' implies a defined product or service, reducing ambiguity. The Department of Commerce's oversight mechanisms, including contract management and performance monitoring, further mitigate performance risks.

What is the track record of SAYARI ANALYTICS, LLC in performing federal contracts?

Information regarding the specific track record of SAYARI ANALYTICS, LLC in performing federal contracts is not detailed in the provided data snippet. To assess their track record, one would typically review their past performance evaluations in the Federal Awardee Performance and Integrity Information System (FAPIIS), examine previous contract awards and their values, and look for any reported issues or disputes. As this is a single award Purchase Order under SAP, it might represent an early engagement or a specific niche service offering. A deeper dive into federal procurement databases would be necessary to establish a comprehensive performance history.

How does the use of Simplified Acquisition Procedures (SAP) impact the cost-effectiveness for taxpayers?

The use of Simplified Acquisition Procedures (SAP) for this $871,250 contract generally enhances cost-effectiveness for taxpayers. SAP streamlines the procurement process for purchases below the federal acquisition threshold (currently $250,000, but higher thresholds apply for certain types of procurements and agencies), reducing administrative burden and speeding up award timelines. This efficiency translates to lower overhead costs for both the government and the contractors. Furthermore, SAP often involves soliciting quotes from multiple sources, even if not a full and open competition, which helps ensure competitive pricing. By making the process more efficient and competitive for smaller-value contracts, SAP allows taxpayer funds to be utilized more effectively.

Industry Classification

NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Computer Systems Design Services

Product/Service Code: IT AND TELECOM - APLLICATIONS

Competition & Pricing

Extent Competed: COMPETED UNDER SAP

Solicitation Procedures: SIMPLIFIED ACQUISITION

Solicitation ID: 1331L524R13OS0005

Offers Received: 1

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 829 7TH ST NW, WASHINGTON, DC, 20001

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: $183,180

Exercised Options: $87,125

Current Obligation: $87,125

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Timeline