PBGC awards $135K contract to FX Transparency for Financial Management Services
Contract Overview
Contract Amount: $135,000 ($135.0K)
Contractor: FX Transparency, LLC
Awarding Agency: Pension Benefit Guaranty Corporation
Start Date: 2023-06-12
End Date: 2026-06-11
Contract Duration: 1,095 days
Daily Burn Rate: $123/day
Competition Type: COMPETED UNDER SAP
Number of Offers Received: 2
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: FINANCIAL MANAGEMENT SERVICES
Place of Performance
Location: FRAMINGHAM, MIDDLESEX County, MASSACHUSETTS, 01701
Plain-Language Summary
Pension Benefit Guaranty Corporation obligated $135,000 to FX TRANSPARENCY, LLC for work described as: FINANCIAL MANAGEMENT SERVICES Key points: 1. Contract awarded to FX Transparency, LLC for administrative management and general management consulting. 2. The contract is for Financial Management Services, with a duration of 1095 days. 3. The award was made under the GSA MAS program. 4. The contract type is Firm Fixed Price. 5. The total value of the contract is $135,000.
Value Assessment
Rating: fair
The contract value of $135,000 for a 3-year period appears reasonable for specialized financial management consulting services. Benchmarking against similar contracts for administrative management consulting is difficult without more granular data on scope and deliverables.
Cost Per Unit: N/A
Competition Analysis
Competition Level: limited
The contract was competed under SAP (Simplified Acquisition Procedures), suggesting a limited competition approach. While this can expedite the process for smaller dollar amounts, it may not always yield the most competitive pricing compared to full and open competition.
Taxpayer Impact: The taxpayer impact is relatively low given the $135,000 contract value, but ensuring efficient use of funds is still important.
Public Impact
Ensures continued financial management support for the Pension Benefit Guaranty Corporation. Supports the agency's operational efficiency through expert consulting. Provides specialized services that may not be readily available in-house.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Limited competition may impact price optimization.
- Scope of services needs clear definition to ensure value.
Positive Signals
- Awarded to a known entity (FX Transparency, LLC).
- Utilizes GSA MAS for streamlined procurement.
- Firm Fixed Price contract provides cost certainty.
Sector Analysis
The administrative management and general management consulting services sector is broad, encompassing strategic planning, organizational design, and financial management. Benchmarks for this specific niche are highly variable based on complexity and duration.
Small Business Impact
Information on whether FX Transparency, LLC is a small business is not provided in the data. The use of SAP suggests the agency may be targeting smaller contract values, which can sometimes favor small businesses.
Oversight & Accountability
Oversight will be crucial to ensure FX Transparency, LLC delivers on the contracted services effectively and within budget, particularly given the limited competition.
Related Government Programs
- Administrative Management and General Management Consulting Services
- Pension Benefit Guaranty Corporation Contracting
- Pension Benefit Guaranty Corporation Programs
Risk Flags
- Limited competition.
- Potential for scope creep if not clearly defined.
- Reliance on vendor expertise requires strong oversight.
- Performance metrics need to be robust.
Tags
administrative-management-and-general-ma, pension-benefit-guaranty-corporation, ma, purchase-order, 100k-plus
Frequently Asked Questions
What is this federal contract paying for?
Pension Benefit Guaranty Corporation awarded $135,000 to FX TRANSPARENCY, LLC. FINANCIAL MANAGEMENT SERVICES
Who is the contractor on this award?
The obligated recipient is FX TRANSPARENCY, LLC.
Which agency awarded this contract?
Awarding agency: Pension Benefit Guaranty Corporation (Pension Benefit Guaranty Corporation).
What is the total obligated amount?
The obligated amount is $135,000.
What is the period of performance?
Start: 2023-06-12. End: 2026-06-11.
What specific financial management services are included in this contract, and how do they align with PBGC's strategic goals?
The contract specifies 'Financial Management Services' under NAICS code 541611 (Administrative Management and General Management Consulting Services). While the exact deliverables are not detailed, these services typically include areas like financial planning, budgeting, accounting system support, and financial reporting. The alignment with PBGC's strategic goals would depend on whether these services directly support the agency's mission of protecting pensions and managing its financial obligations.
What is the rationale for using limited competition under SAP for this contract, and what steps were taken to ensure a fair price?
The use of Simplified Acquisition Procedures (SAP) is generally for purchases below certain thresholds, often indicating an effort to expedite procurement for smaller value contracts. The rationale might be efficiency or that only a limited number of vendors were deemed capable or available. To ensure a fair price, PBGC likely relied on GSA MAS pricing, market research, or comparison to similar service contracts awarded previously.
How will the effectiveness of FX Transparency, LLC's services be measured to ensure value for taxpayer money?
Effectiveness will likely be measured through performance metrics outlined in the contract's Statement of Work (SOW). This could include timely delivery of reports, accuracy of financial analyses, successful implementation of recommendations, and overall client satisfaction from the PBGC contracting officer's representative. Regular progress reviews and adherence to the Firm Fixed Price schedule will also contribute to assessing value.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Management, Scientific, and Technical Consulting Services › Administrative Management and General Management Consulting Services
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › MANAGEMENT SUPPORT SERVICES
Competition & Pricing
Extent Competed: COMPETED UNDER SAP
Solicitation Procedures: SIMPLIFIED ACQUISITION
Solicitation ID: 16PBGC23Q0041
Offers Received: 2
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 161 WORCESTER ROAD, SUITE 308, FRAMINGHAM, MA, 01701
Business Categories: Category Business, Limited Liability Corporation, Not Designated a Small Business, Sole Proprietorship, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $225,000
Exercised Options: $135,000
Current Obligation: $135,000
Actual Outlays: $101,250
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Timeline
Start Date: 2023-06-12
Current End Date: 2026-06-11
Potential End Date: 2029-06-11 00:00:00
Last Modified: 2026-04-13
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