DHS awards $3.97M for Colorado Protective Security Officer Services to Triple Canopy Inc

Contract Overview

Contract Amount: $3,969,554 ($4.0M)

Contractor: Triple Canopy Inc

Awarding Agency: Department of Homeland Security

Start Date: 2024-07-01

End Date: 2024-12-31

Contract Duration: 183 days

Daily Burn Rate: $21.7K/day

Competition Type: FULL AND OPEN COMPETITION

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: PROTECTIVE SECURITY OFFICER SERVICES FOR THE STATE OF COLORADO FOR THE 5TH OPTION YEAR

Place of Performance

Location: LAKEWOOD, JEFFERSON County, COLORADO, 80228

State: Colorado Government Spending

Plain-Language Summary

Department of Homeland Security obligated $4.0 million to TRIPLE CANOPY INC for work described as: PROTECTIVE SECURITY OFFICER SERVICES FOR THE STATE OF COLORADO FOR THE 5TH OPTION YEAR Key points: 1. Triple Canopy Inc. secures a significant contract for essential security services. 2. The contract falls within the Security Guards and Patrol Services sector. 3. Full and open competition was utilized, suggesting a competitive bidding process. 4. The award value is substantial for the 183-day period of performance.

Value Assessment

Rating: good

The contract value of $3.97 million for six months of service appears reasonable given the scope of protective security officer services. Benchmarking against similar federal contracts for security personnel in the region would provide a more precise assessment.

Cost Per Unit: $21,692 per day

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, indicating that multiple vendors had the opportunity to bid. This method generally promotes competitive pricing and ensures the government receives the best value.

Taxpayer Impact: Taxpayers benefit from a competitive process that aims to secure cost-effective security services for the state of Colorado.

Public Impact

Ensures continued security operations for a federal agency within Colorado. Supports employment within the private security sector. Provides essential protective services to government facilities or personnel.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

  • Potential for price increases in future option years.
  • Dependence on a single contractor for critical security functions.

Positive Signals

  • Awarded through full and open competition.
  • Clear period of performance.
  • Fixed-price contract type limits cost overruns.

Sector Analysis

This contract is within the Security Guards and Patrol Services (NAICS 561612) sector, which is a common area of federal spending. Benchmarks for similar services can vary widely based on location, security level, and contract duration.

Small Business Impact

The data indicates this contract was awarded to Triple Canopy Inc., a large business. There is no specific indication of small business participation in this particular award, suggesting potential missed opportunities for small business engagement.

Oversight & Accountability

The Office of Procurement Operations within DHS is responsible for this award. Oversight would involve monitoring contractor performance against the contract requirements and ensuring compliance with federal acquisition regulations.

Related Government Programs

  • Security Guards and Patrol Services
  • Department of Homeland Security Contracting
  • Office of Procurement Operations Programs

Risk Flags

  • Contract duration is relatively short (6 months).
  • No explicit mention of small business subcontracting.
  • Potential for sole-source extension if competition is not re-initiated.
  • Reliance on a single vendor for critical security functions.

Tags

security-guards-and-patrol-services, department-of-homeland-security, co, delivery-order, 1m-plus

Frequently Asked Questions

What is this federal contract paying for?

Department of Homeland Security awarded $4.0 million to TRIPLE CANOPY INC. PROTECTIVE SECURITY OFFICER SERVICES FOR THE STATE OF COLORADO FOR THE 5TH OPTION YEAR

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 $4.0 million.

What is the period of performance?

Start: 2024-07-01. End: 2024-12-31.

What is the historical performance of Triple Canopy Inc. on similar federal contracts?

Assessing Triple Canopy Inc.'s past performance on comparable federal contracts is crucial. Reviewing past performance evaluations, any documented issues, and their track record in delivering security services on time and within budget will provide insight into their reliability and capability for this current contract.

Are there any specific security threats or requirements driving the need for these services in Colorado?

Understanding the specific security threats or requirements necessitating these protective officer services in Colorado is key to evaluating the contract's necessity and scope. This context helps determine if the level of service and associated cost are appropriate for the identified risks and operational needs.

How does the daily rate compare to industry standards for similar security services in the Colorado region?

Comparing the daily rate of $21,692 to industry benchmarks for protective security officers in Colorado is essential for value assessment. Factors like the required security clearances, specialized skills, and operational tempo influence these rates. A detailed market analysis would confirm if this rate represents a fair and reasonable price.

Industry Classification

NAICS: Administrative and Support and Waste Management and Remediation ServicesInvestigation and Security ServicesSecurity Guards and Patrol Services

Product/Service Code: UTILITIES AND HOUSEKEEPINGHOUSEKEEPING SERVICES

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 13530 DULLES TECHNOLOGY DR STE 500, 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: $3,969,554

Exercised Options: $3,969,554

Current Obligation: $3,969,554

Actual Outlays: $3,972,103

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: 70RFPW19DW8000001

IDV Type: IDC

Timeline

Start Date: 2024-07-01

Current End Date: 2024-12-31

Potential End Date: 2026-01-06 00:00:00

Last Modified: 2026-01-05

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