PMO Support Services contract awarded to FEDSIGHT-JPI JV LLC for over $9.7M by CFPB

Contract Overview

Contract Amount: $9,728,293 ($9.7M)

Contractor: Fedsight-Jpi JV LLC

Awarding Agency: Consumer Financial Protection Bureau

Start Date: 2023-08-31

End Date: 2025-03-30

Contract Duration: 577 days

Daily Burn Rate: $16.9K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 5

Pricing Type: LABOR HOURS

Sector: Other

Official Description: PMO SUPPORT SERVICES

Place of Performance

Location: LEESBURG, LOUDOUN County, VIRGINIA, 20175

State: Virginia Government Spending

Plain-Language Summary

Consumer Financial Protection Bureau obligated $9.7 million to FEDSIGHT-JPI JV LLC for work described as: PMO SUPPORT SERVICES Key points: 1. The contract value of $9.7M for 1.5 years suggests a significant investment in program management support. 2. Awarded under full and open competition, indicating a potentially competitive bidding process. 3. The contract type is a delivery order, implying it's part of a larger indefinite-delivery/indefinite-quantity (IDIQ) vehicle. 4. The North American Industry Classification System (NAICS) code 541519 points to a broad range of computer-related services. 5. The duration of 577 days (approx. 1.5 years) provides a clear timeframe for service delivery. 6. The contract is for labor hours, meaning payment is based on the time spent by personnel.

Value Assessment

Rating: fair

Benchmarking the value of this contract requires more detailed information on the specific services provided and the labor categories involved. Without a clear understanding of the scope of work and the required expertise, it is difficult to assess if the $9.7M represents good value for money. Comparing it to similar PMO support contracts within the federal government, especially those awarded by agencies of similar size and complexity, would be necessary for a more accurate assessment of pricing and overall value.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under 'full and open competition,' which suggests that all responsible sources were permitted to submit a bid. This typically leads to a more robust selection process and potentially better pricing due to market forces. The fact that it was competed indicates that the agency sought to leverage the competitive landscape to secure services. The number of bidders is not specified, but the open competition framework is a positive indicator for price discovery.

Taxpayer Impact: A full and open competition generally benefits taxpayers by fostering a competitive environment that can drive down costs and improve the quality of services received.

Public Impact

The Consumer Financial Protection Bureau (CFPB) is the primary beneficiary, receiving essential program management support. The services delivered are expected to enhance the efficiency and effectiveness of the CFPB's programs. The geographic impact is primarily within Virginia, where the contract is managed or performed. The contract supports a workforce of individuals skilled in program management and potentially IT-related services.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Lack of specific details on the scope of work makes it challenging to fully assess value for money.
The 'Other Computer Related Services' NAICS code is broad and could encompass a wide range of activities.
Without knowing the number of bidders, it's hard to gauge the intensity of the competition.
The contract is for labor hours, which can sometimes lead to cost overruns if not managed tightly.

Positive Signals

Awarded through full and open competition, suggesting a fair and transparent procurement process.
The contract has a defined end date, providing a clear period for service delivery.
The agency awarding the contract is the Consumer Financial Protection Bureau, a significant federal entity.

Sector Analysis

The IT services sector, particularly within the 'Other Computer Related Services' category (NAICS 541519), is a vast and dynamic market. Federal agencies frequently procure program management support services to ensure the efficient execution of their missions. This contract fits within the broader trend of government outsourcing of specialized support functions. Comparable spending benchmarks would depend heavily on the specific tasks performed, but agencies often spend millions on PMO support to manage complex projects and initiatives.

Small Business Impact

The data indicates that small business participation (ss: false, sb: false) was not a specific set-aside requirement for this contract. This suggests that the primary focus was on securing the best value through open competition, rather than specifically targeting small businesses. There is no explicit information on subcontracting plans for small businesses. The impact on the small business ecosystem is likely minimal unless the prime contractor voluntarily engages small businesses for subcontracting opportunities.

Oversight & Accountability

Oversight for this contract would primarily fall under the Consumer Financial Protection Bureau's internal contracting and program management offices. Accountability measures would be defined in the contract's statement of work and performance standards. Transparency is facilitated by the public nature of federal contract awards, though detailed performance metrics are often not publicly disclosed. Inspector General jurisdiction would depend on the specific IG's mandate and any potential fraud, waste, or abuse identified within the contract's execution.

Related Government Programs

PMO Support Services
IT Services
Professional Services
Contract Operations Support
Program Management Support

Risk Flags

Potential for cost overruns due to labor-hour contract type.
Broad NAICS code may obscure specific service details.
Lack of specified number of bidders limits competition assessment.
No explicit small business subcontracting requirements noted.

Frequently Asked Questions

What is this federal contract paying for?

Consumer Financial Protection Bureau awarded $9.7 million to FEDSIGHT-JPI JV LLC. PMO SUPPORT SERVICES

Who is the contractor on this award?

The obligated recipient is FEDSIGHT-JPI JV LLC.

Which agency awarded this contract?

Awarding agency: Consumer Financial Protection Bureau (Consumer Financial Protection Bureau).

What is the total obligated amount?

The obligated amount is $9.7 million.

What is the period of performance?

Start: 2023-08-31. End: 2025-03-30.

What specific program management functions will FEDSIGHT-JPI JV LLC be performing under this contract?

The provided data does not specify the exact program management functions. However, given the NAICS code 541519 ('Other Computer Related Services') and the contract title 'PMO SUPPORT SERVICES,' it can be inferred that the services likely include project planning, scheduling, resource allocation, risk management, performance monitoring, reporting, and potentially support for IT systems related to program management. The 'labor hours' contract type suggests that the contractor will provide personnel to perform these tasks under the direction of the CFPB. A detailed statement of work (SOW) within the contract documents would outline the precise deliverables and responsibilities.

How does the $9.7M contract value compare to similar PMO support contracts awarded by the CFPB or other financial regulatory agencies?

Without access to a comprehensive database of all CFPB and similar agency contracts, a direct comparison is challenging. However, $9.7 million over approximately 1.5 years (577 days) represents an average monthly burn rate of roughly $1.68 million. This figure needs to be contextualized by the size and complexity of the programs being supported. For a large federal agency like the CFPB, this amount could be considered moderate to significant, depending on the scope. Agencies often award multi-year contracts for PMO support ranging from a few million to tens of millions of dollars, so this award falls within a plausible range, but a true benchmark requires detailed service scope and labor rate analysis.

What are the key performance indicators (KPIs) or metrics used to evaluate the performance of FEDSIGHT-JPI JV LLC on this contract?

The provided data does not include specific Key Performance Indicators (KPIs) or performance metrics for this contract. Typically, such metrics are detailed within the contract's Statement of Work (SOW) or Performance Work Statement (PWS). Common KPIs for PMO support services might include on-time delivery of reports, accuracy of project schedules, effectiveness of risk mitigation strategies, adherence to budget, and client satisfaction surveys. The contracting officer's representative (COR) at the CFPB would be responsible for monitoring these metrics and ensuring the contractor meets the required performance standards throughout the contract period.

What is the historical spending pattern of the CFPB on PMO support services or similar IT-related services?

The provided data is for a single contract award and does not offer historical spending patterns. To analyze historical spending, one would need to query federal procurement databases (like FPDS or USASpending.gov) for previous contracts awarded by the CFPB for 'PMO Support Services,' 'Program Management,' or related NAICS codes (e.g., 541519). This analysis would reveal trends in contract values, durations, award types (e.g., competitive vs. sole-source), and the contractors frequently used. Understanding these patterns can help assess if the current award is consistent with past practices or represents a shift in strategy or spending.

Are there any specific risks associated with awarding a labor-hour contract for PMO support services?

Labor-hour contracts, like this one, carry inherent risks, primarily related to cost control. Since payment is based on the hours worked by contractor personnel multiplied by fixed hourly rates, there's a risk of cost overruns if the scope of work expands or if the contractor's efficiency is lower than anticipated. Effective oversight is crucial to manage these risks. This includes closely monitoring the hours charged, ensuring that the work performed aligns with the contract's objectives, and validating the necessity of all labor hours. Without strong oversight, labor-hour contracts can become more expensive than fixed-price arrangements.

Industry Classification

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

Solicitation ID: 9531CB23Q0046

Offers Received: 5

Pricing Type: LABOR HOURS (Z)

Evaluated Preference: NONE

Contractor Details

Address: 215 DEPOT CT SE 2ND FLOOR #249, LEESBURG, VA, 20175

Business Categories: Category Business, Limited Liability Corporation, Partnership or Limited Liability Partnership, Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $64,104,766

Exercised Options: $17,608,458

Current Obligation: $9,728,293

Actual Outlays: $9,452,184

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: 47QTCA21D007D

IDV Type: FSS

Timeline