SEC awards $2M HR support contract to Federal Management Partners, LLC for 3 years

Contract Overview

Contract Amount: $1,986,982 ($2.0M)

Contractor: Federal Management Partners, LLC

Awarding Agency: Securities and Exchange Commission

Start Date: 2026-04-03

End Date: 2027-04-02

Contract Duration: 364 days

Daily Burn Rate: $5.5K/day

Competition Type: FULL AND OPEN COMPETITION

Pricing Type: TIME AND MATERIALS

Sector: Other

Official Description: HR PROFESSIONAL SUPPORT SERVICES

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 $2.0 million to FEDERAL MANAGEMENT PARTNERS, LLC for work described as: HR PROFESSIONAL SUPPORT SERVICES Key points: 1. Contract aims to enhance HR professional support services for the SEC. 2. Federal Management Partners, LLC, has been awarded this time and materials contract. 3. The contract duration is approximately one year, with potential for extensions. 4. This award falls under the 'HR Professional Support Services' category. 5. The contract was awarded through full and open competition. 6. The Securities and Exchange Commission is the primary agency utilizing these services.

Value Assessment

Rating: fair

The contract value of $1.99 million over one year for HR professional support services appears to be within a reasonable range for specialized federal support. Benchmarking against similar HR support contracts within federal agencies is necessary for a definitive value assessment. The time and materials pricing structure requires careful monitoring to ensure cost efficiency and prevent scope creep. Without specific performance metrics or detailed service breakdowns, a precise value-for-money evaluation is challenging.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

This contract was awarded using full and open competition, indicating that all responsible sources were permitted to submit a bid. The specific number of bidders is not provided, but the open competition suggests a healthy level of market interest. This process is designed to foster price discovery and ensure the government receives competitive offers, potentially leading to better pricing and service quality.

Taxpayer Impact: Taxpayers benefit from the assurance that the contract was awarded through a competitive process, which generally leads to more cost-effective solutions and reduces the risk of inflated prices.

Public Impact

Federal employees within the Securities and Exchange Commission will benefit from enhanced HR support services. Services delivered are expected to improve the efficiency and effectiveness of HR operations. The primary geographic impact is within the District of Columbia, where the SEC is headquartered. The contract supports the federal workforce by ensuring essential HR functions are adequately resourced.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Lack of detailed performance metrics makes it difficult to assess contractor effectiveness.
Time and materials contract type can lead to cost overruns if not closely managed.
Limited information on the specific HR services to be provided hinders a full understanding of the scope.

Positive Signals

Awarded through full and open competition, suggesting a competitive bidding process.
Contract duration of one year provides flexibility for the agency to evaluate performance.
The contract supports essential HR functions for a key federal regulatory agency.

Sector Analysis

The federal IT services sector, particularly for professional support services like HR, is a significant market. Agencies often outsource specialized functions to leverage external expertise and manage workload fluctuations. This contract for HR professional support services fits within the broader category of professional, scientific, and technical services, which is a substantial segment of federal contracting. Comparable spending benchmarks for similar HR support contracts across various agencies would provide further context.

Small Business Impact

The provided data indicates that this contract was not set aside for small businesses (ss: false, sb: false). Therefore, there are no direct subcontracting implications for small businesses arising from a small business set-aside. The award to Federal Management Partners, LLC, does not appear to be specifically aimed at fostering small business participation through set-aside provisions.

Oversight & Accountability

Oversight for this contract will likely be managed by the Securities and Exchange Commission's contracting officers and program managers. Accountability measures will be tied to the terms and conditions of the time and materials contract, focusing on service delivery and adherence to agreed-upon rates. Transparency is facilitated by the contract award notice, but further details on performance and spending would enhance public accountability.

Related Government Programs

HR Professional Support Services
Professional, Scientific, and Technical Services
Administrative Support Services

Risk Flags

Potential for cost overruns due to Time and Materials contract type.
Lack of detailed performance metrics for assessing contractor effectiveness.
Limited information on specific HR services to be provided.

Frequently Asked Questions

What is this federal contract paying for?

Securities and Exchange Commission awarded $2.0 million to FEDERAL MANAGEMENT PARTNERS, LLC. HR PROFESSIONAL SUPPORT SERVICES

Who is the contractor on this award?

The obligated recipient is FEDERAL MANAGEMENT PARTNERS, 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 $2.0 million.

What is the period of performance?

Start: 2026-04-03. End: 2027-04-02.

What is the track record of Federal Management Partners, LLC in performing similar HR support services for federal agencies?

Information regarding the specific track record of Federal Management Partners, LLC in performing similar HR support services for federal agencies is not detailed in the provided data. A comprehensive assessment would require reviewing past performance evaluations, contract history, and client feedback for this contractor. Understanding their experience with federal HR functions, particularly within regulatory bodies like the SEC, is crucial for evaluating their capability to successfully execute this contract. Without this historical data, it is difficult to definitively gauge their past performance and reliability in delivering comparable services.

How does the awarded value of $1.99 million compare to market rates for similar HR professional support services?

The awarded value of $1.99 million for one year of HR professional support services needs to be benchmarked against market rates for similar services. Federal agencies often pay a premium for specialized support, but a comparison with private sector HR consulting firms and other government contracts for comparable services is essential. The time and materials pricing structure means the final cost can fluctuate based on actual hours worked and labor rates. A detailed analysis of the proposed labor categories, hourly rates, and estimated hours against industry standards would be necessary to determine if this represents good value for money.

What are the primary risks associated with this time and materials contract type for HR support services?

The primary risks associated with this time and materials (T&M) contract type for HR professional support services revolve around cost control and scope management. T&M contracts can lead to cost overruns if the effort required is underestimated or if the scope of work expands without adequate oversight. There is a risk that the contractor may not have sufficient incentives to control costs or complete the work efficiently, as their revenue is directly tied to the hours expended. Effective management by the SEC, including detailed tracking of hours, vigilant oversight of tasks performed, and clear definition of deliverables, is critical to mitigate these risks and ensure the contract remains within budget and delivers the intended value.

What specific HR functions will Federal Management Partners, LLC be responsible for under this contract?

The provided data categorizes this contract under 'HR PROFESSIONAL SUPPORT SERVICES' but does not specify the exact HR functions Federal Management Partners, LLC will be responsible for. Typically, such support can encompass a wide range of activities, including but not limited to, recruitment assistance, onboarding processes, benefits administration support, HR policy development and implementation, employee relations support, HR data management, and training coordination. A detailed statement of work (SOW) or a task order under the BPA call would outline the precise scope of services, deliverables, and performance expectations. Without this detailed information, the full impact and specific value proposition of the contract remain unclear.

What is the historical spending pattern for HR professional support services at the Securities and Exchange Commission?

Historical spending patterns for HR professional support services at the Securities and Exchange Commission are not provided in the current data. To assess this contract's significance and potential trends, it would be beneficial to examine previous years' expenditures on similar HR support contracts, including the number of contracts awarded, the contractors involved, and the total amounts obligated. Understanding whether this $1.99 million award represents an increase, decrease, or stable level of spending compared to historical data would offer valuable context for evaluating the agency's resource allocation and reliance on external HR support.

Industry Classification

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

Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › PROFESSIONAL SERVICES

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Pricing Type: TIME AND MATERIALS (Y)

Evaluated Preference: NONE

Contractor Details

Address: 2900 S QUINCY ST STE 200, ARLINGTON, VA, 22206

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Limited Liability Corporation, Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $1,986,982

Exercised Options: $1,986,982

Current Obligation: $1,986,982

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: 50310225A0003

IDV Type: BPA

Timeline