CFTC awards $17,138 for CRESTRON EQUIPMENT, highlighting IT infrastructure needs

Contract Overview

Contract Amount: $17,138 ($17.1K)

Contractor: Thundercat Technology, LLC

Awarding Agency: Commodity Futures Trading Commission

Start Date: 2026-04-03

End Date: 2026-06-02

Contract Duration: 60 days

Daily Burn Rate: $286/day

Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES

Number of Offers Received: 8

Pricing Type: FIRM FIXED PRICE

Sector: IT

Official Description: CRESTRON EQUIPMENT

Place of Performance

Location: CHICAGO, COOK County, ILLINOIS, 60604

State: Illinois Government Spending

Plain-Language Summary

Commodity Futures Trading Commission obligated $17,138.16 to THUNDERCAT TECHNOLOGY, LLC for work described as: CRESTRON EQUIPMENT Key points: 1. Value for money assessed through competitive bidding process. 2. Competition dynamics indicate a healthy market for IT equipment. 3. Risk indicators appear low given the nature of the equipment and contract type. 4. Performance context is a short-term delivery order for essential IT hardware. 5. Sector positioning within IT services and equipment procurement.

Value Assessment

Rating: good

The contract value of $17,138.16 for CRESTRON EQUIPMENT appears reasonable for IT hardware. Benchmarking against similar IT equipment procurements would provide a more precise value assessment. The firm fixed-price structure helps control costs for the Commodity Futures Trading Commission (CFTC).

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

This contract was awarded under full and open competition after exclusion of sources, indicating that multiple vendors were likely considered. With 8 bidders, the competition level suggests a robust market for this type of IT equipment, which generally leads to better price discovery and potentially more favorable terms for the government.

Taxpayer Impact: The robust competition ensures that taxpayer dollars are likely being used efficiently, as vendors vied to offer the best pricing and terms for the CFTC's needs.

Public Impact

Benefits the Commodity Futures Trading Commission by providing necessary IT equipment. Services delivered include the provision of specific electronic equipment. Geographic impact is primarily within Illinois, where the contractor is located. Workforce implications are minimal, related to the installation and maintenance of the equipment.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Positive Signals

Awarded under full and open competition, suggesting broad market engagement.
Firm fixed-price contract type limits cost overrun risks for the government.
Delivery order structure implies a defined need for specific equipment.

Sector Analysis

The procurement of CRESTRON EQUIPMENT falls within the broader Information Technology (IT) sector, specifically related to IT hardware and potentially audiovisual or control systems. This contract represents a small expenditure within the vast IT procurement landscape, where spending can range from individual hardware purchases to large-scale system integrations. Comparable spending benchmarks for similar IT equipment vary widely based on quantity, specifications, and vendor.

Small Business Impact

The data indicates that this contract was not specifically set aside for small businesses, nor does it appear to have a small business subcontracting plan. The award went to THUNDERCAT TECHNOLOGY, LLC, which may or may not be a small business itself. Further analysis would be needed to determine the specific impact on the small business ecosystem.

Oversight & Accountability

Oversight for this contract would typically fall under the Commodity Futures Trading Commission's internal procurement and financial management systems. As a delivery order under a larger contract vehicle, oversight may also be tied to the parent contract's terms. Transparency is facilitated by public contract databases, and any specific Inspector General jurisdiction would depend on the nature of any potential issues arising from the contract's performance.

Related Government Programs

IT Equipment Procurement
Audiovisual Systems
Federal IT Infrastructure

Risk Flags

Potential for delivery delays.
Risk of equipment malfunction or defects.
Compatibility issues with existing infrastructure.

Frequently Asked Questions

What is this federal contract paying for?

Commodity Futures Trading Commission awarded $17,138.16 to THUNDERCAT TECHNOLOGY, LLC. CRESTRON EQUIPMENT

Who is the contractor on this award?

The obligated recipient is THUNDERCAT TECHNOLOGY, LLC.

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 $17,138.16.

What is the period of performance?

Start: 2026-04-03. End: 2026-06-02.

What is the track record of THUNDERCAT TECHNOLOGY, LLC with federal contracts?

A review of federal procurement data indicates that THUNDERCAT TECHNOLOGY, LLC has a history of receiving federal contracts. Analyzing their past performance, including contract values, agencies served, and types of goods or services provided, is crucial for assessing their reliability and capability. Specific details on past performance metrics, such as on-time delivery and quality of goods, would offer further insight. Without access to detailed performance reports or past contract awards beyond this single data point, a comprehensive assessment of their track record is limited. However, their participation in a competitive bid suggests they are an active vendor in the federal marketplace.

How does the value of this contract compare to similar IT equipment procurements?

The value of $17,138.16 for CRESTRON EQUIPMENT is relatively modest in the context of federal IT spending. To benchmark effectively, one would need to compare it against contracts for similar quantities and specifications of Crestron or comparable audiovisual and control systems. Federal agencies often procure such equipment for conference rooms, command centers, or training facilities. The price per unit, if available, would be a key metric for comparison. Given the firm fixed-price nature and the competitive bidding process involving 8 bidders, it suggests that the price achieved is likely market-driven and represents good value for the specific items procured.

What are the primary risks associated with this contract?

The primary risks associated with this contract appear to be low. The contract is for a firm fixed price, which mitigates the risk of cost overruns for the government. The duration is short (60 days for delivery), limiting long-term performance risks. The nature of the equipment (CRESTRON EQUIPMENT) suggests it is likely standard IT hardware, reducing the risk of technical obsolescence or complex integration issues. Potential risks could include delivery delays, equipment malfunction upon arrival, or incompatibility with existing systems, but these are standard for hardware procurements and are typically managed through contract terms, warranties, and inspection processes.

How effective is the competition level in ensuring value for the CFTC?

The competition level, with 8 bidders participating in a full and open competition, is highly effective in ensuring value for the CFTC. A larger number of bidders generally leads to more competitive pricing as vendors strive to win the contract. This scenario allows the CFTC to select the most advantageous offer, considering both price and other factors like delivery timelines or product specifications. The "full and open competition after exclusion of sources" indicates a deliberate effort to maximize market participation, further reinforcing the likelihood of a fair market price being achieved for the CRESTRON EQUIPMENT.

What are historical spending patterns for CRESTRON EQUIPMENT or similar items by the CFTC?

Analyzing historical spending patterns for CRESTRON EQUIPMENT or similar audiovisual and control systems by the Commodity Futures Trading Commission (CFTC) would provide valuable context. This specific contract is a delivery order valued at $17,138.16, with an expected completion date in June 2026. To understand historical trends, one would need to examine past contracts awarded by the CFTC for comparable equipment, noting the frequency, value, and competitive landscape of those awards. Significant year-over-year increases or decreases in spending on such items could indicate shifts in technology needs, budget allocations, or procurement strategies within the agency.

Industry Classification

NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Other Computer Related Services

Product/Service Code: IT AND TELECOM - COMPUTE

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Offers Received: 8

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Parent Company: Thundercat Technology LLC

Address: 11190 SUNRISE VALLEY DR STE 200, RESTON, VA, 20191

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Limited Liability Corporation, Service Disabled Veteran Owned Business, Small Business, Special Designations, U.S.-Owned Business, Veteran Owned Business

Financial Breakdown

Contract Ceiling: $17,138

Exercised Options: $17,138

Current Obligation: $17,138

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: NNG15SD26B

IDV Type: GWAC

Timeline