SEC's $193K Furniture Management Contract Awarded to Jones Lang LaSalle Americas, Inc

Contract Overview

Contract Amount: $193,786 ($193.8K)

Contractor: Jones Lang Lasalle Americas, Inc.

Awarding Agency: Securities and Exchange Commission

Start Date: 2022-06-09

End Date: 2023-06-30

Contract Duration: 386 days

Daily Burn Rate: $502/day

Competition Type: FULL AND OPEN COMPETITION

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: FORT WORTH REGIONAL OFFICE COMPREHENSIVE FURNITURE MANAGEMENT SERVICES PHASES 2A & 3A

Place of Performance

Location: FORT WORTH, TARRANT County, TEXAS, 76102

State: Texas Government Spending

Plain-Language Summary

Securities and Exchange Commission obligated $193,785.91 to JONES LANG LASALLE AMERICAS, INC. for work described as: FORT WORTH REGIONAL OFFICE COMPREHENSIVE FURNITURE MANAGEMENT SERVICES PHASES 2A & 3A Key points: 1. Contract focuses on administrative management and general management consulting services. 2. Awarded under a BPA Call, indicating a pre-competed framework. 3. Firm Fixed Price contract type suggests predictable costs for the government. 4. Performance period spans from June 2022 to June 2023. 5. Geographic location of service delivery is Texas. 6. No small business set-aside was utilized for this procurement.

Value Assessment

Rating: fair

The contract value of $193,785.91 for furniture management services appears to be within a reasonable range for a regional office. Benchmarking against similar contracts for administrative support services is difficult without more specific details on the scope of 'comprehensive furniture management.' However, the firm fixed-price nature of the contract provides cost certainty. The duration of the contract (386 days) also suggests a moderate scale of service.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

This contract was awarded under full and open competition, indicating that all responsible sources were permitted to submit offers. The specific number of bidders is not provided, but the 'BPA CALL' award type suggests it was competed within an existing Blanket Purchase Agreement, which itself was likely subject to robust competition. This method generally promotes competitive pricing and allows the government to select the best value.

Taxpayer Impact: Full and open competition is beneficial for taxpayers as it maximizes the pool of potential offerors, driving down prices and ensuring the government receives competitive rates for services.

Public Impact

Federal employees at the Fort Worth Regional Office will benefit from improved workspace functionality and management. Services include comprehensive furniture management, likely encompassing procurement, installation, maintenance, and disposal. The geographic impact is concentrated in Texas, specifically at the SEC's Fort Worth Regional Office. Workforce implications are minimal for the government, with the contractor providing the necessary personnel for furniture management.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Lack of specific performance metrics makes it difficult to assess the contractor's effectiveness.
Limited detail on the scope of 'comprehensive furniture management' hinders a full value assessment.
The BPA Call mechanism, while efficient, might limit the depth of competition compared to a standalone solicitation.

Positive Signals

Awarded under full and open competition, suggesting a competitive process.
Firm Fixed Price contract provides cost predictability.
Contractor has experience in facility management and related services.

Sector Analysis

The contract falls within the administrative management and general management consulting services sector, specifically related to facility and asset management. This sector is broad, encompassing a wide range of support services for government agencies. Spending in this area is crucial for maintaining operational efficiency and employee productivity within federal buildings. Comparable spending benchmarks would depend heavily on the specific services rendered, such as space planning, furniture procurement, and lifecycle management.

Small Business Impact

This contract was not set aside for small businesses, and there is no indication of subcontracting requirements for small businesses. This means that larger businesses were eligible to compete and potentially win the award without specific provisions to include small business participation. The impact on the small business ecosystem is neutral to negative, as opportunities were not specifically directed towards them.

Oversight & Accountability

Oversight for this contract would typically be managed by the Securities and Exchange Commission's contracting officers and program managers. Accountability measures are embedded in the firm fixed-price contract terms, requiring the contractor to deliver specified services. Transparency is facilitated by the public availability of contract award data, though detailed performance reports are not usually public.

Related Government Programs

Federal Facilities Management Contracts
Administrative Support Services
General Management Consulting Services
BPA Call Awards

Risk Flags

Limited performance data available
Scope of 'comprehensive' services unclear

Frequently Asked Questions

What is this federal contract paying for?

Securities and Exchange Commission awarded $193,785.91 to JONES LANG LASALLE AMERICAS, INC.. FORT WORTH REGIONAL OFFICE COMPREHENSIVE FURNITURE MANAGEMENT SERVICES PHASES 2A & 3A

Who is the contractor on this award?

The obligated recipient is JONES LANG LASALLE AMERICAS, INC..

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 $193,785.91.

What is the period of performance?

Start: 2022-06-09. End: 2023-06-30.

What specific services are included under 'comprehensive furniture management' for this contract?

The provided data does not detail the specific services encompassed by 'comprehensive furniture management.' Typically, such services can include needs assessment, space planning, procurement of new furniture, installation, ongoing maintenance and repair, inventory management, asset tracking, and eventual disposal or refurbishment of existing furniture. For this specific SEC contract, the scope would be defined in the task order issued under the BPA Call. Without access to the task order details, it's impossible to ascertain the full extent of services, which directly impacts the assessment of value for money and performance.

How does the $193,785.91 contract value compare to similar furniture management contracts for federal regional offices?

Directly comparing the $193,785.91 contract value to similar furniture management contracts is challenging without more granular data on contract scope, duration, and geographic location. However, for a single regional office over approximately one year, this value appears moderate. Larger, multi-year, or agency-wide furniture management contracts can easily run into millions of dollars. Smaller, localized contracts might be in the tens of thousands. The value here suggests a focused scope, possibly for a specific phase or set of services within the Fort Worth Regional Office, rather than a complete overhaul or ongoing, large-scale management.

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

Key risks include potential scope creep if 'comprehensive' is interpreted broadly, contractor underperformance in delivering services, and potential cost overruns if the fixed price doesn't adequately cover unforeseen issues (though less likely with FFP). Mitigation strategies likely involve clear definition of services in the task order, regular performance monitoring by the SEC, and the contractor's own quality control processes. The firm fixed-price structure incentivizes the contractor to manage costs effectively. The relatively modest contract value also limits the potential financial impact of any single risk.

What is the track record of Jones Lang LaSalle Americas, Inc. in performing similar federal contracts?

Jones Lang LaSalle Americas, Inc. (JLL) is a major global real estate services firm with significant experience in facility management, property management, and related services for both commercial and government clients. While specific performance data for this exact contract isn't publicly detailed, JLL routinely handles large-scale contracts involving complex facility operations. Their track record generally indicates a capacity to manage such services effectively. Federal agencies often engage large, established firms like JLL for their resources, expertise, and ability to meet stringent government requirements.

How does the use of a BPA Call impact the overall cost-effectiveness for the government?

Using a BPA Call, which is an order against a pre-existing Blanket Purchase Agreement, generally enhances cost-effectiveness. The underlying BPA is typically established through a competitive process, meaning the pricing structure and terms have already been vetted. Task orders placed under the BPA can then be issued more rapidly and with less administrative burden than a new, standalone contract. This reduces acquisition lead time and associated administrative costs. For taxpayers, this means potentially lower overall costs due to streamlined procurement and the benefits of initial competition for the BPA.

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: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 2020 K ST NW STE 1100, WASHINGTON, DC, 20006

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $193,786

Exercised Options: $193,786

Current Obligation: $193,786

Actual Outlays: $193,786

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: 50310222A0003

IDV Type: BPA

Timeline