PBGC Spends $12.6M on Specification Development Services with Booz Allen Hamilton
Contract Overview
Contract Amount: $12,631,519 ($12.6M)
Contractor: Booz Allen Hamilton Inc
Awarding Agency: Pension Benefit Guaranty Corporation
Start Date: 2003-11-06
End Date: 2009-09-30
Contract Duration: 2,155 days
Daily Burn Rate: $5.9K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 2
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: SPECIFICATIONS DEVELOPMENT SERVICES
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20005
Plain-Language Summary
Pension Benefit Guaranty Corporation obligated $12.6 million to BOOZ ALLEN HAMILTON INC for work described as: SPECIFICATIONS DEVELOPMENT SERVICES Key points: 1. Contract awarded to Booz Allen Hamilton for $12.6M. 2. Services fall under 'Other Scientific and Technical Consulting Services'. 3. Full and open competition was utilized. 4. Contract duration was 2155 days. 5. No small business participation noted.
Value Assessment
Rating: fair
The contract value of $12.6M over nearly 6 years suggests a moderate annual spend. Benchmarking against similar consulting services is difficult without more granular data on the specific specifications developed.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, indicating a competitive bidding process. This method generally promotes price discovery and potentially better value for the government.
Taxpayer Impact: The use of full and open competition suggests efforts to secure competitive pricing, but the total taxpayer impact is $12.6M.
Public Impact
Taxpayers funded $12.6M for specialized consulting services. The long contract duration implies ongoing need for these specification development services. The lack of small business involvement may limit opportunities for smaller firms in this sector.
Waste & Efficiency Indicators
Waste Risk Score: 58 / 10
Warning Flags
- Lack of small business participation.
- Long contract duration could indicate potential for cost overruns if not managed effectively.
Positive Signals
- Awarded under full and open competition.
- Firm fixed price contract type can provide cost certainty.
Sector Analysis
The 'Other Scientific and Technical Consulting Services' sector is broad, encompassing specialized expertise. Benchmarking is challenging without specific service details, but $12.6M over 6 years is a significant investment for consulting.
Small Business Impact
The contract data indicates that no small business participation was involved in this award. This suggests that the prime contractor, Booz Allen Hamilton, handled the entirety of the contract work.
Oversight & Accountability
The contract was awarded by the Pension Benefit Guaranty Corporation (PBGC). Oversight would involve monitoring the contractor's performance against the defined specifications and ensuring adherence to the firm fixed price.
Related Government Programs
- Other Scientific and Technical Consulting Services
- Pension Benefit Guaranty Corporation Contracting
- Pension Benefit Guaranty Corporation Programs
Risk Flags
- Long contract duration.
- No small business participation.
- Lack of detailed service description for benchmarking.
- Potential for scope creep over extended period.
Tags
other-scientific-and-technical-consultin, pension-benefit-guaranty-corporation, dc, dca, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Pension Benefit Guaranty Corporation awarded $12.6 million to BOOZ ALLEN HAMILTON INC. SPECIFICATIONS DEVELOPMENT SERVICES
Who is the contractor on this award?
The obligated recipient is BOOZ ALLEN HAMILTON 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 $12.6 million.
What is the period of performance?
Start: 2003-11-06. End: 2009-09-30.
What specific types of specifications were developed under this contract, and how did they contribute to the PBGC's mission?
The provided data lacks specifics on the nature of the 'SPECIFICATIONS DEVELOPMENT SERVICES'. To assess value, understanding if these specifications were for IT systems, operational processes, or regulatory frameworks would be crucial. Their contribution to the PBGC's mission of protecting pensions would determine the ultimate effectiveness and justification of the $12.6M expenditure.
Given the long duration and significant value, were there any performance issues or contract modifications that indicate potential risks?
The data does not detail performance issues or modifications. However, a contract spanning over 2000 days inherently carries risks related to scope creep, evolving requirements, and contractor performance over time. The firm fixed price mitigates some financial risk, but effective oversight is critical to ensure the services remained relevant and valuable throughout the contract period.
How does the annual spend on these specification development services compare to similar agencies or private sector entities for comparable services?
Without detailed service descriptions, direct comparison is difficult. However, an average annual spend of approximately $1.7M for specialized consulting suggests a substantial investment. Benchmarking would require identifying contracts for similar technical consulting or specification development within the federal government or private sector, considering the specific domain of the PBGC.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Management, Scientific, and Technical Consulting Services › Other Scientific and Technical Consulting Services
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › PROFESSIONAL SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Solicitation ID: PBGC01-RP-03-0017
Offers Received: 2
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Parent Company: Booz Allen Hamilton Holding Corporation (UEI: 964725688)
Address: 8283 GREENSBORO DRIVE, MCLEAN, VA, 90
Business Categories: Category Business, Not Designated a Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $13,385,365
Exercised Options: $13,385,365
Current Obligation: $12,631,519
Timeline
Start Date: 2003-11-06
Current End Date: 2009-09-30
Potential End Date: 2009-12-31 00:00:00
Last Modified: 2014-05-30
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