SEC Awards $19M Enterprise Data Warehouse Contract to CAS Severn, Inc. Under Full and Open Competition

Contract Overview

Contract Amount: $19,074,224 ($19.1M)

Contractor: CAS Severn, Inc

Awarding Agency: Securities and Exchange Commission

Start Date: 2012-09-15

End Date: 2017-09-16

Contract Duration: 1,827 days

Daily Burn Rate: $10.4K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 4

Pricing Type: FIRM FIXED PRICE

Sector: IT

Official Description: ENTERPRISE DATA WAREHOUSE INITIATIVE, FOR A INCLUDING SERVICES TO SUPPORT THE INSTALLATION AND TRAINING ON THE PROPOSED SOLUTION.

Place of Performance

Location: ALEXANDRIA, FAIRFAX County, VIRGINIA, 22312

State: Virginia Government Spending

Plain-Language Summary

Securities and Exchange Commission obligated $19.1 million to CAS SEVERN, INC for work described as: ENTERPRISE DATA WAREHOUSE INITIATIVE, FOR A INCLUDING SERVICES TO SUPPORT THE INSTALLATION AND TRAINING ON THE PROPOSED SOLUTION. Key points: 1. The contract supports an Enterprise Data Warehouse initiative, including installation and training. 2. CAS Severn, Inc. secured the award through full and open competition. 3. The total value of the contract is approximately $19.07 million. 4. This initiative falls under the IT sector, specifically related to electronic computer manufacturing.

Value Assessment

Rating: good

The contract value of $19.07 million for an enterprise data warehouse initiative appears reasonable given the scope of services including installation and training. Benchmarking against similar large-scale IT infrastructure projects would provide a more precise assessment.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded using full and open competition, which generally promotes competitive pricing and allows for the best value to be identified. The multiple delivery orders suggest a phased approach to implementation.

Taxpayer Impact: Full and open competition is expected to yield a fair price, ensuring taxpayer funds are used efficiently for this critical data infrastructure.

Public Impact

Enhances SEC's data management capabilities for improved analysis and decision-making. Supports regulatory oversight and enforcement through better data accessibility. Potential for improved efficiency in processing and reporting financial data. Modernizes IT infrastructure within the Securities and Exchange Commission.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Potential for scope creep in a multi-year data warehouse initiative.
Integration challenges with existing SEC systems.
Reliance on a single vendor for installation and training.

Positive Signals

Awarded through full and open competition.
Clear objective for data modernization.
Firm Fixed Price contract type provides cost certainty.

Sector Analysis

This contract falls within the Information Technology (IT) sector, specifically related to electronic computer manufacturing and data management solutions. Spending benchmarks for enterprise data warehouse implementations can vary widely based on complexity, but a $19 million investment suggests a significant undertaking for a federal agency.

Small Business Impact

The data indicates this contract was awarded to CAS SEVERN, INC. There is no explicit information provided regarding small business participation or subcontracting goals within this award. Further investigation would be needed to determine if small businesses were involved.

Oversight & Accountability

The Securities and Exchange Commission (SEC) is responsible for overseeing this contract. Standard procurement regulations and oversight mechanisms would apply to ensure proper execution and accountability. The use of delivery orders suggests a structured management approach.

Related Government Programs

Electronic Computer Manufacturing
Securities and Exchange Commission Contracting
Securities and Exchange Commission Programs

Risk Flags

Potential for vendor lock-in.
Complexity of data integration.
Long-term maintenance costs.
Ensuring data security and privacy.

Frequently Asked Questions

What is this federal contract paying for?

Securities and Exchange Commission awarded $19.1 million to CAS SEVERN, INC. ENTERPRISE DATA WAREHOUSE INITIATIVE, FOR A INCLUDING SERVICES TO SUPPORT THE INSTALLATION AND TRAINING ON THE PROPOSED SOLUTION.

Who is the contractor on this award?

The obligated recipient is CAS SEVERN, INC.

Which agency awarded this contract?

Awarding agency: Securities and Exchange Commission (Securities and Exchange Commission).

What is the total obligated amount?

The obligated amount is $19.1 million.

What is the period of performance?

Start: 2012-09-15. End: 2017-09-16.

What specific metrics will the SEC use to measure the success and return on investment of this Enterprise Data Warehouse Initiative?

The SEC will likely measure success through metrics such as improved data query times, enhanced data accuracy, increased user adoption rates, and the ability to generate new types of analytical reports. ROI could be assessed by quantifying cost savings from retired systems, improved efficiency in regulatory processes, and the value derived from better-informed decision-making leading to more effective enforcement actions.

What are the primary risks associated with the long-term maintenance and scalability of this data warehouse solution post-implementation?

Key risks include vendor lock-in, escalating maintenance costs, and the potential for the technology to become outdated. Scalability challenges may arise if the initial design does not adequately anticipate future data volume growth or evolving analytical needs. Ensuring robust data governance and planning for future upgrades or migrations will be crucial to mitigate these risks.

How will this initiative impact the SEC's ability to respond to emerging financial market trends and potential risks in real-time?

A well-implemented Enterprise Data Warehouse should significantly enhance the SEC's real-time response capabilities. By consolidating and structuring data from various sources, analysts can gain faster insights into market activities, identify emerging risks more quickly, and potentially detect fraudulent or non-compliant behavior sooner. This improved data accessibility and analytical power are crucial for proactive regulatory action.

Industry Classification

NAICS: Manufacturing › Computer and Peripheral Equipment Manufacturing › Electronic Computer Manufacturing

Product/Service Code: INFORMATION TECHNOLOGY EQUIPMENT (INCLD FIRMWARE) SOFTWARE,SUPPLIES& SUPPORT EQUIPMENT

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Solicitation ID: SECHQ112Q8025

Offers Received: 4

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 6201 CHEVY CHASE DR, LAUREL, MD, 20707

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Small Business

Financial Breakdown

Contract Ceiling: $23,403,644

Exercised Options: $19,074,224

Current Obligation: $19,074,224

Contract Characteristics

Commercial Item: COMMERCIAL ITEM

Parent Contract

Parent Award PIID: HHSN263200200544I

IDV Type: GWAC

Timeline