DHS awards $105M for DC Protective Security Officers, with Triple Canopy Inc. as contractor
Contract Overview
Contract Amount: $105,000,900 ($105.0M)
Contractor: Triple Canopy Inc
Awarding Agency: Department of Homeland Security
Start Date: 2024-07-01
End Date: 2026-09-30
Contract Duration: 821 days
Daily Burn Rate: $127.9K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 5
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: PROTECTIVE SECURITY OFFICER (PSO) SERVICES IN WASHINGTON DC
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20004
Plain-Language Summary
Department of Homeland Security obligated $105.0 million to TRIPLE CANOPY INC for work described as: PROTECTIVE SECURITY OFFICER (PSO) SERVICES IN WASHINGTON DC Key points: 1. Contract awarded to Triple Canopy Inc. for PSO services. 2. Significant contract value of over $105 million. 3. Services are for the Department of Homeland Security in Washington D.C. 4. Contract duration spans over two years.
Value Assessment
Rating: good
The contract's firm fixed price structure provides cost certainty. Benchmarking against similar PSO contracts is needed to fully assess value.
Cost Per Unit: $127,894 (average annual value per contract)
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, suggesting a competitive bidding process. This method generally leads to better price discovery.
Taxpayer Impact: The competitive award aims to secure cost-effective services for taxpayers.
Public Impact
Ensures security for federal facilities and personnel in the nation's capital. Supports critical government operations by providing essential security services. Impacts local employment through the provision of security jobs.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Potential for cost overruns if scope changes.
- Dependence on a single contractor for critical security functions.
Positive Signals
- Full and open competition ensures market-driven pricing.
- Firm fixed price contract offers budget predictability.
Sector Analysis
This contract falls within the security and guard services sector. Spending benchmarks for similar federal PSO contracts are typically in the tens to hundreds of millions annually, depending on scope and duration.
Small Business Impact
The data indicates that small businesses were not directly awarded this contract, as it was awarded to Triple Canopy Inc. Further analysis would be needed to determine if small businesses are involved as subcontractors.
Oversight & Accountability
The Office of Procurement Operations within DHS is responsible for this award. Oversight will be crucial to ensure service delivery meets contractual requirements and taxpayer value.
Related Government Programs
- Security Guards and Patrol Services
- Department of Homeland Security Contracting
- Office of Procurement Operations Programs
Risk Flags
- Contract duration is significant.
- Potential for scope creep.
- Dependence on a single large contractor.
- Need for robust performance monitoring.
Tags
security-guards-and-patrol-services, department-of-homeland-security, dc, delivery-order, 100m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Homeland Security awarded $105.0 million to TRIPLE CANOPY INC. PROTECTIVE SECURITY OFFICER (PSO) SERVICES IN WASHINGTON DC
Who is the contractor on this award?
The obligated recipient is TRIPLE CANOPY INC.
Which agency awarded this contract?
Awarding agency: Department of Homeland Security (Office of Procurement Operations).
What is the total obligated amount?
The obligated amount is $105.0 million.
What is the period of performance?
Start: 2024-07-01. End: 2026-09-30.
What is the historical performance of Triple Canopy Inc. in providing PSO services to the government?
Historical performance data for Triple Canopy Inc. would be reviewed to assess their track record in delivering similar security services. This includes evaluating past contract performance ratings, any documented issues or disputes, and their ability to meet security and operational requirements. A strong performance history suggests a lower risk of service disruption and better overall value.
Are there any potential risks associated with the firm fixed price contract structure for these PSO services?
While a firm fixed price contract offers budget certainty, risks can arise if the scope of work is not clearly defined or if unforeseen circumstances necessitate changes. This could lead to change orders, potentially increasing the overall cost. Effective contract management and clear scope definition are crucial to mitigate these risks and ensure the government receives the intended value.
How does the awarded price compare to market rates for similar PSO services in the Washington D.C. area?
Comparing the awarded price to market rates for comparable Protective Security Officer services in the Washington D.C. metropolitan area is essential for assessing value. This involves analyzing prevailing wage rates, overhead costs, and profit margins for similar contracts. If the awarded price is significantly higher than market benchmarks, it could indicate a potential overpayment or a lack of sufficient competition.
Industry Classification
NAICS: Administrative and Support and Waste Management and Remediation Services › Investigation and Security Services › Security Guards and Patrol Services
Product/Service Code: UTILITIES AND HOUSEKEEPING › HOUSEKEEPING SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Solicitation ID: 70RFP224QEC000011
Offers Received: 5
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 13530 DULLES TECHNOLOGY DR, HERNDON, VA, 20171
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $119,152,725
Exercised Options: $105,000,900
Current Obligation: $105,000,900
Actual Outlays: $52,503,807
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: 70RFP224DEC000011
IDV Type: IDC
Timeline
Start Date: 2024-07-01
Current End Date: 2026-09-30
Potential End Date: 2026-09-30 00:00:00
Last Modified: 2026-04-10
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