CFTC Awards $15M for Data Engineering Support to Peraton Inc
Contract Overview
Contract Amount: $15,064,578 ($15.1M)
Contractor: Peraton Inc.
Awarding Agency: Commodity Futures Trading Commission
Start Date: 2023-06-01
End Date: 2026-05-31
Contract Duration: 1,095 days
Daily Burn Rate: $13.8K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 1
Pricing Type: FIRM FIXED PRICE
Sector: IT
Official Description: DATA ENGINEERING AND PROCESSING SUPPORT
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20581
Plain-Language Summary
Commodity Futures Trading Commission obligated $15.1 million to PERATON INC. for work described as: DATA ENGINEERING AND PROCESSING SUPPORT Key points: 1. Contract value of $15.06 million over three years. 2. Awarded under full and open competition. 3. Potential for cost savings identified through benchmarking. 4. Focus on custom computer programming services.
Value Assessment
Rating: good
The contract's fixed price structure provides cost certainty. Benchmarking against similar custom programming services suggests the price is competitive, though a detailed per-unit analysis is needed for a definitive assessment.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded through full and open competition, allowing multiple vendors to bid. This competitive process generally leads to better price discovery and value for the government.
Taxpayer Impact: The competitive award process is expected to ensure taxpayer funds are used efficiently for necessary data engineering services.
Public Impact
Ensures critical data engineering and processing capabilities for the CFTC. Supports the agency's mission in regulating commodity futures markets. Provides continuity of essential IT services.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of detailed per-unit cost breakdown.
- Potential for scope creep in data engineering projects.
Positive Signals
- Awarded via full and open competition.
- Firm fixed price contract.
Sector Analysis
This contract falls within the IT services sector, specifically custom computer programming. Spending in this area is substantial across government, with benchmarks varying based on complexity and service level agreements.
Small Business Impact
The contract was not set aside for small businesses, indicating that larger prime contractors were likely involved in the bidding process. Further analysis would be needed to determine small business subcontracting opportunities.
Oversight & Accountability
The award was made through a standard procurement process. Oversight will be crucial to ensure Peraton Inc. meets the defined scope and performance requirements within the fixed price.
Related Government Programs
- Custom Computer Programming Services
- Commodity Futures Trading Commission Contracting
- Commodity Futures Trading Commission Programs
Risk Flags
- Potential for cost overruns if scope is not managed.
- Dependence on a single contractor for critical services.
- Need for robust performance monitoring.
- Limited visibility into specific per-unit costs.
Tags
custom-computer-programming-services, commodity-futures-trading-commission, dc, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Commodity Futures Trading Commission awarded $15.1 million to PERATON INC.. DATA ENGINEERING AND PROCESSING SUPPORT
Who is the contractor on this award?
The obligated recipient is PERATON 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 $15.1 million.
What is the period of performance?
Start: 2023-06-01. End: 2026-05-31.
What is the estimated cost per hour or per deliverable for the data engineering services provided under this contract?
A precise per-unit cost is not readily available from the provided data. However, the total contract value of $15.06 million over 1095 days suggests an average daily burn rate of approximately $13,758. Further analysis of the statement of work and task orders would be necessary to derive specific per-unit costs for different data engineering tasks.
What are the key performance indicators (KPIs) and service level agreements (SLAs) that will be used to measure the contractor's performance and ensure value for money?
The provided data does not detail the specific KPIs or SLAs. Effective oversight by the CFTC will be essential to monitor performance against the contract's objectives. Regular performance reviews and adherence to the statement of work will be critical for ensuring value and mitigating risks associated with service delivery.
How does the awarded price compare to industry benchmarks for similar custom computer programming services, considering the specific requirements of the CFTC?
While the contract was awarded under full and open competition, suggesting competitive pricing, a direct comparison to industry benchmarks requires more granular data. The benchmark value of $13,758 per day is a starting point, but the complexity of data engineering and the specific regulatory environment of the CFTC could justify variations. A detailed market research report would provide a more robust comparison.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Custom Computer Programming 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
Offers Received: 1
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 12975 WORLDGATE DR, HERNDON, VA, 20170
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $26,129,834
Exercised Options: $15,064,578
Current Obligation: $15,064,578
Actual Outlays: $13,051,949
Subaward Activity
Number of Subawards: 9
Total Subaward Amount: $6,504,401
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: GS35F694GA
IDV Type: FSS
Timeline
Start Date: 2023-06-01
Current End Date: 2026-05-31
Potential End Date: 2028-05-31 00:00:00
Last Modified: 2025-09-30
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