GSA awards $18.6M for Security Operations Center (SOC) Services to SRC Inc
Contract Overview
Contract Amount: $18,623,496 ($18.6M)
Contractor: SRC Inc
Awarding Agency: General Services Administration
Start Date: 2010-06-21
End Date: 2012-10-31
Contract Duration: 863 days
Daily Burn Rate: $21.6K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 5
Pricing Type: FIRM FIXED PRICE
Sector: IT
Official Description: SECURITY OPERATIONS CENTER (SOC) SERVICES
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20536, UNITED STATES OF AMERICA
Plain-Language Summary
General Services Administration obligated $18.6 million to SRC INC for work described as: SECURITY OPERATIONS CENTER (SOC) SERVICES Key points: 1. Contract value of $18.6M for SOC services. 2. SRC Inc. is the contractor. 3. Procured via Full and Open Competition. 4. Services provided in Washington D.C.
Value Assessment
Rating: fair
The contract value of $18.6M for SOC services over approximately 2 years appears within a reasonable range for specialized security operations. Benchmarking against similar government contracts for SOC services would provide a clearer picture of value.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded using Full and Open Competition, indicating a broad solicitation to encourage multiple bids. This method generally promotes competitive pricing and allows the government to select the best value offer.
Taxpayer Impact: Full and open competition aims to secure competitive pricing, potentially leading to cost savings for taxpayers compared to less competitive procurement methods.
Public Impact
Ensures continuous monitoring and defense against cyber threats. Supports critical government infrastructure protection. Provides specialized cybersecurity expertise to the agency.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- NAICS code mismatch (541620 - Environmental Consulting Services vs. SOC Services).
- Contract duration and potential for follow-on needs.
- Limited data on performance metrics.
Positive Signals
- Awarded under Full and Open Competition.
- Clear contract type (Firm Fixed Price).
Sector Analysis
The IT services sector, particularly cybersecurity, is a critical area for government operations. Spending benchmarks for SOC services vary widely based on scope, personnel, and technology, but $18.6M over two years suggests a significant operational footprint.
Small Business Impact
The provided data does not indicate whether small businesses were involved as subcontractors. Further analysis would be needed to determine the extent of small business participation in this contract.
Oversight & Accountability
The General Services Administration (GSA) is responsible for overseeing this contract through its Federal Acquisition Service. Standard GSA oversight mechanisms should be in place to ensure contract compliance and performance.
Related Government Programs
- Environmental Consulting Services
- General Services Administration Contracting
- Federal Acquisition Service Programs
Risk Flags
- NAICS code mismatch.
- Lack of performance metrics.
- Potential for vendor lock-in if follow-on contracts are considered.
- Limited transparency on subcontractor utilization.
Tags
environmental-consulting-services, general-services-administration, dc, do, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
General Services Administration awarded $18.6 million to SRC INC. SECURITY OPERATIONS CENTER (SOC) SERVICES
Who is the contractor on this award?
The obligated recipient is SRC INC.
Which agency awarded this contract?
Awarding agency: General Services Administration (Federal Acquisition Service).
What is the total obligated amount?
The obligated amount is $18.6 million.
What is the period of performance?
Start: 2010-06-21. End: 2012-10-31.
What is the specific scope of services included in the SOC contract, and how does it align with the awarded NAICS code?
The contract is for Security Operations Center (SOC) services, which typically involve continuous monitoring, threat detection, incident response, and analysis of security events. However, the awarded NAICS code 541620 pertains to Environmental Consulting Services, indicating a significant discrepancy. This mismatch requires clarification to ensure the contract accurately reflects the services procured and that the correct industry classification is applied for future analysis and benchmarking.
What were the key performance indicators (KPIs) for SRC Inc., and how did they perform against these metrics?
Performance data and specific KPIs for SRC Inc.'s SOC services are not detailed in the provided information. Understanding their performance against metrics such as mean time to detect (MTTD), mean time to respond (MTTR), and incident resolution rates is crucial for assessing the effectiveness and value of the contract. Without this, it's difficult to definitively gauge the success of the service delivery.
How does the $18.6M contract value compare to industry benchmarks for similar SOC services provided to federal agencies of comparable size and complexity?
Benchmarking the $18.6M contract value against similar SOC services requires detailed comparison of contract scope, service level agreements (SLAs), personnel qualifications, and technology employed. While the value appears substantial, its reasonableness depends on these factors. A comprehensive review against peer contracts within the federal landscape would be necessary to determine if it represents good value for the taxpayer.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Management, Scientific, and Technical Consulting Services › Environmental Consulting Services
Product/Service Code: IT AND TELECOM - INFORMATION TECHNOLOGY AND TELECOMMUNICATIONS › ADP AND TELECOMMUNICATIONS
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Offers Received: 5
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 7502 ROUND POND RD, NORTH SYRACUSE, NY, 13212
Business Categories: Category Business, Not Designated a Small Business
Financial Breakdown
Contract Ceiling: $66,843,354
Exercised Options: $20,735,600
Current Obligation: $18,623,496
Parent Contract
Parent Award PIID: GS00F0019L
IDV Type: FSS
Timeline
Start Date: 2010-06-21
Current End Date: 2012-10-31
Potential End Date: 2012-10-31 00:00:00
Last Modified: 2015-11-26
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