CFTC Awards $2.68M for Administrative Support to Prime Response, Inc

Contract Overview

Contract Amount: $2,681,195 ($2.7M)

Contractor: Prime Response, Inc.

Awarding Agency: Commodity Futures Trading Commission

Start Date: 2021-03-01

End Date: 2026-02-28

Contract Duration: 1,825 days

Daily Burn Rate: $1.5K/day

Competition Type: NOT AVAILABLE FOR COMPETITION

Number of Offers Received: 1

Pricing Type: LABOR HOURS

Sector: Other

Official Description: ADMINISTRATIVE SUPPORT FOLLOW-ON

Place of Performance

Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20581

State: District of Columbia Government Spending

Plain-Language Summary

Commodity Futures Trading Commission obligated $2.7 million to PRIME RESPONSE, INC. for work described as: ADMINISTRATIVE SUPPORT FOLLOW-ON Key points: 1. Contract value of $2.68M for administrative services. 2. Sole-source award to Prime Response, Inc. 3. Potential risk due to lack of competition. 4. Focus on office administrative services sector.

Value Assessment

Rating: fair

The contract value is $2.68M over five years. Without a competitive benchmark, it's difficult to assess if this pricing is optimal compared to similar administrative support contracts.

Cost Per Unit: N/A

Competition Analysis

Competition Level: sole-source

This contract was awarded on a sole-source basis, meaning there was no open competition. This limits price discovery and may result in higher costs for taxpayers.

Taxpayer Impact: The lack of competition raises concerns about whether taxpayers are receiving the best possible value for this administrative support.

Public Impact

Citizens may question the fairness of sole-source contracts. Ensuring efficient use of taxpayer funds is crucial. Transparency in government contracting is important for public trust.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Sole-source award limits competition.
Potential for overpayment without competitive bidding.

Positive Signals

Contract supports essential administrative functions.
Long-term contract provides stability.

Sector Analysis

This contract falls within the Office Administrative Services sector, which includes a wide range of support functions for government agencies. Spending in this area is generally consistent across agencies.

Small Business Impact

There is no indication that small businesses were involved in this sole-source award, either as prime contractors or subcontractors.

Oversight & Accountability

Oversight is needed to ensure that Prime Response, Inc. is delivering services effectively and that the pricing remains fair throughout the contract duration, despite the lack of competition.

Related Government Programs

Office Administrative Services
Commodity Futures Trading Commission Contracting
Commodity Futures Trading Commission Programs

Risk Flags

Lack of competition
Potential for inflated pricing
Limited transparency in award process

Frequently Asked Questions

What is this federal contract paying for?

Commodity Futures Trading Commission awarded $2.7 million to PRIME RESPONSE, INC.. ADMINISTRATIVE SUPPORT FOLLOW-ON

Who is the contractor on this award?

The obligated recipient is PRIME RESPONSE, INC..

Which agency awarded this contract?

Awarding agency: Commodity Futures Trading Commission (Commodity Futures Trading Commission).

What is the total obligated amount?

The obligated amount is $2.7 million.

What is the period of performance?

Start: 2021-03-01. End: 2026-02-28.

What is the justification for the sole-source award?

The justification for a sole-source award typically involves unique capabilities, urgent needs, or a lack of other responsible sources. Without further details, it's difficult to ascertain the specific reasons behind this decision. Further investigation into the justification is warranted to ensure it aligns with federal procurement regulations.

How does the pricing compare to market rates for similar services?

Given this is a sole-source contract, direct comparison to market rates is challenging. A thorough review of the contract's pricing structure against industry benchmarks for administrative support services is recommended. This would help determine if the labor hours and rates are reasonable and represent good value for the government.

What mechanisms are in place to ensure performance and value?

Despite the sole-source nature, the Commodity Futures Trading Commission should have performance metrics and quality assurance surveillance plans in place. Regular performance reviews and monitoring of deliverables are essential to ensure the contractor meets contractual obligations and provides value for taxpayer money.

Industry Classification

NAICS: Administrative and Support and Waste Management and Remediation Services › Office Administrative Services › Office Administrative Services

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

Competition & Pricing

Extent Competed: NOT AVAILABLE FOR COMPETITION

Solicitation Procedures: ONLY ONE SOURCE

Solicitation ID: 9523ZY21C0010

Offers Received: 1

Pricing Type: LABOR HOURS (Z)

Evaluated Preference: NONE

Contractor Details

Address: 17200 WILL CT, ACCOKEEK, MD, 20607

Business Categories: 8(a) Program Participant, Black American Owned Business, Category Business, Corporate Entity Not Tax Exempt, DoT Certified Disadvantaged Business Enterprise, Minority Owned Business, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, Subchapter S Corporation, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $2,708,195

Exercised Options: $2,681,195

Current Obligation: $2,681,195

Actual Outlays: $2,191,954

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Cost or Pricing Data: NOT OBTAINED - WAIVED

Timeline