NRC awards Oracle EPM Cloud SaaS subscription for $2.36M to Emergent, LLC, spanning 3 years

Contract Overview

Contract Amount: $2,359,800 ($2.4M)

Contractor: Emergent, LLC

Awarding Agency: Nuclear Regulatory Commission

Start Date: 2024-01-30

End Date: 2027-02-01

Contract Duration: 1,098 days

Daily Burn Rate: $2.1K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 1

Pricing Type: FIRM FIXED PRICE

Sector: IT

Official Description: ORACLE ANNUAL SOFTWARE AS A SERVICE (SAAS) LICENSE SUBSCRIPTION SERVICE OF ORACLE ENTERPRISE PERFORMANCE MANAGEMENT (EPM) CLOUD

Place of Performance

Location: VIRGINIA BEACH, VIRGINIA BEACH CITY County, VIRGINIA, 23462

State: Virginia Government Spending

Plain-Language Summary

Nuclear Regulatory Commission obligated $2.4 million to EMERGENT, LLC for work described as: ORACLE ANNUAL SOFTWARE AS A SERVICE (SAAS) LICENSE SUBSCRIPTION SERVICE OF ORACLE ENTERPRISE PERFORMANCE MANAGEMENT (EPM) CLOUD Key points: 1. The contract is for Oracle's Enterprise Performance Management (EPM) Cloud, a specialized SaaS solution. 2. Emergent, LLC is the awardee, indicating a specific vendor relationship. 3. The contract value is $2.36 million over approximately three years. 4. The NAICS code 541519 suggests 'Other Computer Related Services'.

Value Assessment

Rating: fair

The contract value of $2.36M for a 3-year SaaS subscription for EPM Cloud appears within a reasonable range for enterprise-level software. Benchmarking against similar Oracle EPM Cloud contracts would provide a more precise assessment.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, suggesting multiple vendors had the opportunity to bid. This method generally promotes competitive pricing and value for the government.

Taxpayer Impact: The $2.36M expenditure represents taxpayer funds allocated for essential operational software, aiming to improve financial management and performance reporting within the NRC.

Public Impact

Enhances financial planning and analysis capabilities for the Nuclear Regulatory Commission. Supports regulatory functions through improved data management and reporting. Ensures continuity of critical EPM services for agency operations. Potential for improved decision-making through advanced analytics.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Vendor lock-in potential with proprietary Oracle software.
Reliance on a single vendor for critical EPM functionality.
Subscription costs can escalate over time.

Positive Signals

Leverages established EPM Cloud platform for efficiency.
Full and open competition should drive fair pricing.
Long-term contract provides budget stability.

Sector Analysis

The IT sector, specifically Software as a Service (SaaS), is experiencing significant growth. Government spending on cloud-based solutions like EPM is increasing to modernize operations and improve efficiency. Benchmarks for similar enterprise SaaS contracts vary widely based on vendor, features, and user count.

Small Business Impact

This contract was awarded to Emergent, LLC. Further analysis would be needed to determine if Emergent, LLC is a small business or if subcontracting opportunities were included in the award.

Oversight & Accountability

The contract is a delivery order under a larger agreement, implying prior vetting and oversight. The Nuclear Regulatory Commission's procurement process should ensure accountability for the funds spent and the services delivered.

Related Government Programs

Other Computer Related Services
Nuclear Regulatory Commission Contracting
Nuclear Regulatory Commission Programs

Risk Flags

Potential for vendor lock-in.
Reliance on a single SaaS provider.
Subscription cost escalation over time.
Data security and privacy concerns inherent in cloud services.

Frequently Asked Questions

What is this federal contract paying for?

Nuclear Regulatory Commission awarded $2.4 million to EMERGENT, LLC. ORACLE ANNUAL SOFTWARE AS A SERVICE (SAAS) LICENSE SUBSCRIPTION SERVICE OF ORACLE ENTERPRISE PERFORMANCE MANAGEMENT (EPM) CLOUD

Who is the contractor on this award?

The obligated recipient is EMERGENT, LLC.

Which agency awarded this contract?

Awarding agency: Nuclear Regulatory Commission (Nuclear Regulatory Commission).

What is the total obligated amount?

The obligated amount is $2.4 million.

What is the period of performance?

Start: 2024-01-30. End: 2027-02-01.

What is the specific functionality provided by Oracle EPM Cloud that is critical for the NRC's mission?

Oracle EPM Cloud offers a suite of tools for financial planning, budgeting, forecasting, and reporting. For the NRC, this likely translates to managing its operational budget, planning for future regulatory needs, forecasting resource allocation, and generating comprehensive financial reports to ensure accountability and compliance with federal regulations.

What are the potential risks associated with relying on a single vendor for EPM Cloud services?

Relying on a single vendor like Oracle for EPM Cloud can lead to vendor lock-in, making it difficult and costly to switch providers in the future. It also exposes the NRC to potential price increases upon contract renewal and limits flexibility if the vendor discontinues or significantly alters the service. Dependence on one vendor also concentrates risk; any service disruption or security breach by Oracle directly impacts the NRC's financial operations.

How does this SaaS subscription contribute to the overall effectiveness of the NRC's financial management?

This SaaS subscription aims to enhance the NRC's financial management effectiveness by providing a modern, integrated platform for planning, budgeting, and reporting. It can streamline complex financial processes, improve data accuracy, enable more sophisticated analysis, and facilitate better decision-making. By leveraging cloud technology, the NRC can potentially reduce its IT infrastructure burden and gain access to continuous updates and innovations from Oracle.

Industry Classification

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

Product/Service Code: IT AND TELECOM - INFORMATION TECHNOLOGY AND TELECOMMUNICATIONS › IT AND TELECOM - APLLICATIONS

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Solicitation ID: 31310024Q0008

Offers Received: 1

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Parent Company: Mythics, Inc.

Address: 4525 MAIN ST STE 1500, VIRGINIA BEACH, VA, 23462

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: $2,359,800

Exercised Options: $2,359,800

Current Obligation: $2,359,800

Actual Outlays: $1,573,200

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: NNG15SC33B

IDV Type: GWAC

Timeline