DHS Awards $11.3M BPA Call for Risk Management Services to SOFITC3, LLC

Contract Overview

Contract Amount: $11,302,126 ($11.3M)

Contractor: Sofitc3, LLC

Awarding Agency: Department of Homeland Security

Start Date: 2023-09-20

End Date: 2024-09-19

Contract Duration: 365 days

Daily Burn Rate: $31.0K/day

Competition Type: FULL AND OPEN COMPETITION

Pricing Type: TIME AND MATERIALS

Sector: IT

Official Description: THIS BPA CALL AWARD IS FOR RISK MANAGEMENT, COMPLIANCE AND ASSESSMENT SERVICES.

Place of Performance

Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20528

State: District of Columbia Government Spending

Plain-Language Summary

Department of Homeland Security obligated $11.3 million to SOFITC3, LLC for work described as: THIS BPA CALL AWARD IS FOR RISK MANAGEMENT, COMPLIANCE AND ASSESSMENT SERVICES. Key points: 1. The contract focuses on risk management, compliance, and assessment services. 2. SOFITC3, LLC, secured the award under full and open competition. 3. The contract value is $11,302,125.91 for a one-year term. 4. The NAICS code 541511 indicates custom computer programming services. 5. This is a Time and Materials contract type.

Value Assessment

Rating: good

The contract value of $11.3M for one year appears reasonable for specialized risk management and compliance services. Benchmarking against similar government contracts for IT consulting and assessment services would provide a more precise valuation.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The award was made under full and open competition, suggesting a robust price discovery process. This method typically leads to competitive pricing as multiple vendors had the opportunity to bid.

Taxpayer Impact: The competitive nature of the award is expected to yield fair market value, ensuring taxpayer dollars are used efficiently for essential risk management services.

Public Impact

Enhances Department of Homeland Security's ability to manage risks and ensure compliance. Supports critical cybersecurity and operational integrity within DHS. Provides specialized services that may not be readily available in-house. The contract duration of one year allows for flexibility and reassessment of needs.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

  • Potential for scope creep in Time and Materials contracts.
  • Reliance on a single vendor for critical services.
  • Need for strong contract oversight to manage costs.

Positive Signals

  • Awarded through full and open competition.
  • Addresses a critical government function (risk management).
  • Clear contract duration and value.

Sector Analysis

The IT services sector, particularly custom computer programming and related consulting, is a significant area of government spending. Benchmarks for similar contracts often vary widely based on the specific services and complexity.

Small Business Impact

The awardee, SOFITC3, LLC, is not indicated as a small business in the provided data. Further analysis would be needed to determine if small business participation was a factor or if opportunities were missed.

Oversight & Accountability

The contract is managed by the Department of Homeland Security's Office of Procurement Operations. Robust oversight will be crucial to ensure the effective delivery of services and manage the Time and Materials pricing structure.

Related Government Programs

  • Custom Computer Programming Services
  • Department of Homeland Security Contracting
  • Office of Procurement Operations Programs

Risk Flags

  • Time and Materials contract type.
  • Potential for cost overruns.
  • Need for strong contract oversight.
  • Single vendor for critical services.

Tags

custom-computer-programming-services, department-of-homeland-security, dc, bpa-call, 10m-plus

Frequently Asked Questions

What is this federal contract paying for?

Department of Homeland Security awarded $11.3 million to SOFITC3, LLC. THIS BPA CALL AWARD IS FOR RISK MANAGEMENT, COMPLIANCE AND ASSESSMENT SERVICES.

Who is the contractor on this award?

The obligated recipient is SOFITC3, LLC.

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 $11.3 million.

What is the period of performance?

Start: 2023-09-20. End: 2024-09-19.

What specific risk management and compliance frameworks will SOFITC3, LLC be implementing or assessing?

The provided data does not specify the exact frameworks. However, given the context of DHS, these likely include NIST standards, FISMA, CMMC, or other relevant federal cybersecurity and compliance regulations. A detailed statement of work would clarify the specific methodologies and standards to be applied.

What is the potential for cost overruns given the Time and Materials contract type?

Time and Materials contracts carry inherent risks of cost overruns if not managed diligently. The government must implement strict oversight, monitor labor hours and rates closely, and ensure the scope remains well-defined to prevent uncontrolled cost escalation.

How does this contract contribute to the overall cybersecurity posture of DHS?

This contract directly supports DHS's cybersecurity posture by providing essential services for risk identification, assessment, and compliance. By ensuring adherence to security standards and proactively managing risks, it helps protect critical infrastructure and sensitive data from cyber threats.

Industry Classification

NAICS: Professional, Scientific, and Technical ServicesComputer Systems Design and Related ServicesCustom Computer Programming Services

Product/Service Code: IT AND TELECOM - INFORMATION TECHNOLOGY AND TELECOMMUNICATIONSIT AND TELECOM - SECURITY AND COMPLIANCE

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Solicitation ID: 70RTAC23Q00000040

Pricing Type: TIME AND MATERIALS (Y)

Evaluated Preference: NONE

Contractor Details

Address: 242 OLD NEW BRUNSWICK RD STE 320, PISCATAWAY, NJ, 08854

Business Categories: Category Business, Joint Venture Economically Disadvantaged Women Owned Small Business, Joint Venture Women Owned Small Business, Limited Liability Corporation, Minority Owned Business, Partnership or Limited Liability Partnership, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, Indian (Subcontinent) American Owned Business, U.S.-Owned Business, Woman Owned Business

Financial Breakdown

Contract Ceiling: $11,302,126

Exercised Options: $11,302,126

Current Obligation: $11,302,126

Actual Outlays: $11,302,126

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: 70RTAC21A00000011

IDV Type: BPA

Timeline

Start Date: 2023-09-20

Current End Date: 2024-09-19

Potential End Date: 2025-09-08 00:00:00

Last Modified: 2025-09-03

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