SEC Awards $74.9M Contract for IPASS 2.0 Support to C2 Alaska, LLC

Contract Overview

Contract Amount: $74,869,610 ($74.9M)

Contractor: C2 Alaska, LLC

Awarding Agency: Securities and Exchange Commission

Start Date: 2022-06-03

End Date: 2027-01-31

Contract Duration: 1,703 days

Daily Burn Rate: $44.0K/day

Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES

Pricing Type: FIRM FIXED PRICE

Sector: IT

Official Description: IPASS 2.0 IN SUPPORT OF ENF

Place of Performance

Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20549

State: District of Columbia Government Spending

Plain-Language Summary

Securities and Exchange Commission obligated $74.9 million to C2 ALASKA, LLC for work described as: IPASS 2.0 IN SUPPORT OF ENF Key points: 1. Contract value of $74.9 million over approximately 5 years. 2. Awarded under full and open competition after exclusion of sources. 3. Focuses on administrative management and general management consulting services. 4. Potential for significant impact on SEC's operational efficiency.

Value Assessment

Rating: good

The contract value of $74.9 million for a 5-year period appears reasonable for specialized IT support services. Benchmarking against similar large-scale IT support contracts within federal agencies would provide a more precise assessment.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded through full and open competition after exclusion of sources, indicating a competitive bidding process. This method generally promotes price discovery and ensures fair market value.

Taxpayer Impact: Taxpayer funds are being used for essential IT infrastructure support, aiming for efficient and effective agency operations.

Public Impact

Enhances the Securities and Exchange Commission's (SEC) internal processes and IT capabilities. Supports critical functions related to financial regulation and market oversight. Ensures continuity and improvement of the IPASS 2.0 system.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Positive Signals

Competitive award process.
Clear definition of services (Administrative Management and General Management Consulting).
Long-term support for a critical system.

Sector Analysis

This contract falls within the IT services sector, specifically focusing on administrative and management consulting. Federal spending on IT support services is substantial, with benchmarks varying widely based on complexity and duration.

Small Business Impact

The data does not indicate whether small businesses were involved as subcontractors. Further analysis would be needed to determine the extent of small business participation in this contract.

Oversight & Accountability

The Securities and Exchange Commission is responsible for overseeing this contract. Standard government oversight mechanisms for contract performance and financial accountability are expected to be in place.

Related Government Programs

Administrative Management and General Management Consulting Services
Securities and Exchange Commission Contracting
Securities and Exchange Commission Programs

Risk Flags

Potential for vendor lock-in.
Dependence on a single vendor for critical IT support.
Need for robust performance monitoring.

Frequently Asked Questions

What is this federal contract paying for?

Securities and Exchange Commission awarded $74.9 million to C2 ALASKA, LLC. IPASS 2.0 IN SUPPORT OF ENF

Who is the contractor on this award?

The obligated recipient is C2 ALASKA, LLC.

Which agency awarded this contract?

Awarding agency: Securities and Exchange Commission (Securities and Exchange Commission).

What is the total obligated amount?

The obligated amount is $74.9 million.

What is the period of performance?

Start: 2022-06-03. End: 2027-01-31.

What is the specific nature of the IPASS 2.0 system and its criticality to the SEC's mission?

IPASS 2.0 likely refers to an Internal Process Automation and Support System. Its criticality stems from its role in streamlining SEC operations, managing internal workflows, and potentially supporting regulatory functions. Understanding its specific applications is key to assessing the value of this support contract.

What are the key performance indicators (KPIs) for this contract, and how will performance be measured?

Key performance indicators would typically include system uptime, response times for support requests, successful implementation of system updates or enhancements, and user satisfaction. The SEC will likely monitor these metrics to ensure C2 Alaska, LLC meets its contractual obligations effectively and efficiently.

Are there any potential risks associated with vendor lock-in or the long-term reliance on C2 Alaska, LLC for IPASS 2.0 support?

Long-term contracts can pose a risk of vendor lock-in, potentially limiting future flexibility or cost savings. The SEC should have provisions for performance reviews and potential re-competition at contract intervals to mitigate this risk and ensure continued 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) › PROFESSIONAL SERVICES

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES

Solicitation Procedures: TWO STEP

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 5253 PRUE RD STE 230, SAN ANTONIO, TX, 78240

Business Categories: 8(a) Program Participant, Alaskan Native Corporation Owned Firm, Category Business, Limited Liability Corporation, Minority Owned Business, Native American Owned Business, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $186,130,314

Exercised Options: $74,869,610

Current Obligation: $74,869,610

Actual Outlays: $60,436,522

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: 50310221D0010

IDV Type: IDC

Timeline