PBGC awards $17.8M administrative management contract to Zimmerman Associates, Inc. via full and open competition

Contract Overview

Contract Amount: $17,854,013 ($17.9M)

Contractor: Zimmerman Associates, Inc.

Awarding Agency: Pension Benefit Guaranty Corporation

Start Date: 2009-12-02

End Date: 2015-06-30

Contract Duration: 2,036 days

Daily Burn Rate: $8.8K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 10

Pricing Type: COST PLUS FIXED FEE

Sector: Other

Official Description: COO - BAPD

Place of Performance

Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20005

State: District of Columbia Government Spending

Plain-Language Summary

Pension Benefit Guaranty Corporation obligated $17.9 million to ZIMMERMAN ASSOCIATES, INC. for work described as: COO - BAPD Key points: 1. Contract awarded to Zimmerman Associates, Inc. for administrative management services. 2. Total award value is $17,854,013.17. 3. Contract was procured through full and open competition. 4. Services provided to the Pension Benefit Guaranty Corporation. 5. Contract duration spans from 2009 to 2015.

Value Assessment

Rating: fair

The contract type is Cost Plus Fixed Fee, which can lead to higher costs if not managed carefully. The total award value of $17.8M over six years suggests a moderate annual spend.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded through 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 competitive nature of the award suggests that taxpayers likely received a fair price for the administrative management services rendered.

Public Impact

Ensures continued administrative management for the Pension Benefit Guaranty Corporation. Supports the operational efficiency of a key government agency. Provides employment for Zimmerman Associates, Inc. and its staff.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Cost Plus Fixed Fee contract type can incentivize cost overruns.
No indication of small business participation.

Positive Signals

Full and open competition utilized.
Contract awarded to a single entity for administrative services.

Sector Analysis

Administrative Management and General Management Consulting Services (NAICS 541611) are crucial for government operations. Benchmarks for this sector vary widely based on scope and duration, but $17.8M over six years represents a significant investment.

Small Business Impact

The data indicates that this contract was not awarded to a small business (ss: false, sb: false). Further analysis would be needed to determine if small business subcontracting opportunities were pursued or mandated.

Oversight & Accountability

The contract was awarded through full and open competition, suggesting a structured procurement process. Oversight would focus on performance monitoring and adherence to the Cost Plus Fixed Fee structure.

Related Government Programs

Administrative Management and General Management Consulting Services
Pension Benefit Guaranty Corporation Contracting
Pension Benefit Guaranty Corporation Programs

Risk Flags

Cost Plus Fixed Fee contract type.
No small business participation indicated.
Long contract duration (6 years).
Specific services not detailed in summary data.

Frequently Asked Questions

What is this federal contract paying for?

Pension Benefit Guaranty Corporation awarded $17.9 million to ZIMMERMAN ASSOCIATES, INC.. COO - BAPD

Who is the contractor on this award?

The obligated recipient is ZIMMERMAN 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 $17.9 million.

What is the period of performance?

Start: 2009-12-02. End: 2015-06-30.

What specific administrative management services were provided under this contract?

The contract falls under NAICS code 541611 (Administrative Management and General Management Consulting Services). Specific services likely included strategic planning, organizational design, process improvement, and general management support tailored to the Pension Benefit Guaranty Corporation's mission.

What was the final cost compared to the initial estimate or ceiling?

As a Cost Plus Fixed Fee contract, the final cost is the actual allowable cost plus a fixed fee. Without the initial estimate or ceiling, and the final incurred cost, a direct comparison is not possible. However, the total award value provides a benchmark for the overall expenditure.

Were there any performance issues or contract modifications during its term?

The provided data does not include details on contract performance or modifications. A review of contract line item numbers (CLINs), modifications, and performance reports would be necessary to assess any issues or changes that occurred during the contract's lifecycle.

Industry Classification

NAICS: Professional, Scientific, and Technical Services › Management, Scientific, and Technical Consulting Services › Administrative Management and General Management Consulting Services

Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › MANAGEMENT SUPPORT SERVICES

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE

Offers Received: 10

Pricing Type: COST PLUS FIXED FEE (U)

Evaluated Preference: NONE

Contractor Details

Address: 10600 ARROWHEAD DR STE 325, FAIRFAX, VA, 22030

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $24,036,369

Exercised Options: $22,276,201

Current Obligation: $17,854,013

Contract Characteristics

Commercial Item: COMMERCIAL ITEM PROCEDURES NOT USED

Timeline