PBGC Spends $24.18M on Other Professional Services with D. L. Skully & Associates, Inc
Contract Overview
Contract Amount: $24,180,497 ($24.2M)
Contractor: D. L. Skully & Associates, Inc.
Awarding Agency: Pension Benefit Guaranty Corporation
Start Date: 2001-10-01
End Date: 2009-07-31
Contract Duration: 2,860 days
Daily Burn Rate: $8.5K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 2
Pricing Type: LABOR HOURS
Sector: Other
Official Description: COO - BAPD OTHER PROFESSIONAL SERVICES
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20005
Plain-Language Summary
Pension Benefit Guaranty Corporation obligated $24.2 million to D. L. SKULLY & ASSOCIATES, INC. for work described as: COO - BAPD OTHER PROFESSIONAL SERVICES Key points: 1. The contract awarded to D. L. Skully & Associates, Inc. for "Other Professional Services" totaled $24.18 million. 2. The contract was awarded under full and open competition, suggesting a competitive bidding process. 3. The duration of the contract was approximately 2860 days, spanning from October 2001 to July 2009. 4. The NAICS code 541990 indicates a broad category of 'All Other Professional, Scientific, and Technical Services'.
Value Assessment
Rating: fair
The total award amount of $24.18 million over nearly 8 years suggests a significant investment. Without specific deliverables or benchmarks, it's difficult to assess value for money. Pricing compared to similar contracts for 'Other Professional Services' would be needed for a more precise evaluation.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded through full and open competition, which typically fosters competitive pricing. However, the long duration and broad service category might obscure specific price discovery for individual tasks or phases.
Taxpayer Impact: Taxpayer funds were utilized for these professional services. The value derived from these services directly impacts the efficiency and effectiveness of the Pension Benefit Guaranty Corporation's operations.
Public Impact
Pension Benefit Guaranty Corporation (PBGC) utilized taxpayer funds for professional services. The contract supported the agency's mission by procuring specialized expertise. The long contract term indicates a sustained need for these services over an extended period.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Broad service category may lack specificity.
- Long contract duration could mask potential inefficiencies.
- Lack of detailed performance metrics makes value assessment challenging.
Positive Signals
- Awarded under full and open competition.
- Sustained engagement suggests consistent need and potential for relationship building.
Sector Analysis
The 'All Other Professional, Scientific, and Technical Services' sector is diverse, encompassing a wide range of specialized expertise. Spending benchmarks for this category can vary significantly based on the specific services procured and the agency's mission.
Small Business Impact
There is no indication that small businesses were involved in this contract, either as prime contractors or subcontractors. Further analysis would be needed to determine if small business participation was sought or achieved.
Oversight & Accountability
The Pension Benefit Guaranty Corporation is responsible for overseeing this contract. Accountability would be tied to the agency's procurement and contract management processes, ensuring services met defined requirements.
Related Government Programs
- All Other Professional, Scientific, and Technical Services
- Pension Benefit Guaranty Corporation Contracting
- Pension Benefit Guaranty Corporation Programs
Risk Flags
- Lack of specificity in service description.
- Long contract duration without clear performance milestones.
- Potential for cost overruns in broad service categories.
- Limited insight into specific deliverables and outcomes.
Tags
all-other-professional-scientific-and-te, pension-benefit-guaranty-corporation, dc, dca, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Pension Benefit Guaranty Corporation awarded $24.2 million to D. L. SKULLY & ASSOCIATES, INC.. COO - BAPD OTHER PROFESSIONAL SERVICES
Who is the contractor on this award?
The obligated recipient is D. L. SKULLY & ASSOCIATES, INC..
Which agency awarded this contract?
Awarding agency: Pension Benefit Guaranty Corporation (Pension Benefit Guaranty Corporation).
What is the total obligated amount?
The obligated amount is $24.2 million.
What is the period of performance?
Start: 2001-10-01. End: 2009-07-31.
What specific professional services were rendered under this contract, and how did they contribute to the PBGC's mission?
The contract falls under NAICS code 541990, 'All Other Professional, Scientific, and Technical Services,' a broad category. Without specific task orders or statements of work, it's impossible to detail the exact services. These services likely supported the PBGC's core functions, such as actuarial analysis, financial consulting, or administrative support, contributing to the agency's mission of protecting pensions.
Given the $24.18 million expenditure over nearly 8 years, what was the cost-effectiveness of these services compared to alternative solutions or in-house capabilities?
Assessing cost-effectiveness requires detailed performance data and comparison points. The long duration and broad service description make direct comparison difficult. Evaluating whether outsourcing these services was more economical than developing or maintaining similar in-house expertise, or if the competitive process yielded optimal pricing, would be crucial for a thorough cost-effectiveness analysis.
How effectively did the full and open competition process ensure competitive pricing and optimal value for these 'Other Professional Services' over the contract's lifespan?
Full and open competition is designed to maximize competition and drive down prices. However, for a broad service category over an extended period, the initial competitive pricing might not reflect evolving market conditions or specific task order needs. Continuous monitoring and potential re-competition or adjustments would be necessary to ensure sustained value and competitive pricing throughout the contract's duration.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Other Professional, Scientific, and Technical Services › All Other Professional, Scientific, and Technical Services
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › PROFESSIONAL SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Offers Received: 2
Pricing Type: LABOR HOURS (Z)
Evaluated Preference: NONE
Contractor Details
Address: 26301 CURTISS WRIGHT PKWY, CLEVELAND, OH, 90
Business Categories: Category Business, Not Designated a Small Business, Woman Owned Business
Financial Breakdown
Contract Ceiling: $25,439,435
Exercised Options: $25,439,435
Current Obligation: $24,180,497
Timeline
Start Date: 2001-10-01
Current End Date: 2009-07-31
Potential End Date: 2009-08-31 00:00:00
Last Modified: 2009-09-16
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