SEC's $30M IT support contract awarded to CACI-ISS, LLC, for data processing and electronic discovery

Contract Overview

Contract Amount: $29,850,872 ($29.9M)

Contractor: Caci-Iss, LLC

Awarding Agency: Securities and Exchange Commission

Start Date: 2016-09-01

End Date: 2021-11-30

Contract Duration: 1,916 days

Daily Burn Rate: $15.6K/day

Competition Type: FULL AND OPEN COMPETITION

Pricing Type: LABOR HOURS

Sector: IT

Official Description: IGF::OT::IGF FOR OTHER FUNCTIONS DATABASE LOADING AND EDD PROCESSING, DATA MIGRATION, SYSTEM ADMINISTRATION, ELECTRONIC DISCOVERY ANALYSIS, AND CREATION OF SEC PRODUCTIONS

Place of Performance

Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20549

State: District of Columbia Government Spending

Plain-Language Summary

Securities and Exchange Commission obligated $29.9 million to CACI-ISS, LLC for work described as: IGF::OT::IGF FOR OTHER FUNCTIONS DATABASE LOADING AND EDD PROCESSING, DATA MIGRATION, SYSTEM ADMINISTRATION, ELECTRONIC DISCOVERY ANALYSIS, AND CREATION OF SEC PRODUCTIONS Key points: 1. Contract provides essential IT infrastructure and data management services for the SEC. 2. Awarded via full and open competition, suggesting a competitive bidding process. 3. Duration of nearly 5 years indicates a significant, long-term need for these services. 4. Focus on electronic discovery and data migration highlights the SEC's evolving digital landscape. 5. The contract's value is moderate within the context of large federal IT procurements. 6. Performance period ended in late 2021, requiring assessment of current needs.

Value Assessment

Rating: good

The contract value of approximately $30 million over nearly five years for IT support, data processing, and electronic discovery services appears reasonable. Benchmarking against similar large-scale IT support contracts for federal agencies suggests this falls within a typical range. The use of labor hours indicates flexibility in resource allocation, which can be cost-effective if managed efficiently. However, without specific details on the labor mix and rates, a precise value-for-money assessment is challenging.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

This contract was awarded under full and open competition, indicating that all responsible sources were permitted to submit bids. This approach generally fosters a competitive environment, encouraging multiple bidders to offer their best pricing and technical solutions. The presence of robust competition is a positive sign for price discovery and ensuring the government receives competitive offers.

Taxpayer Impact: Taxpayers benefit from full and open competition as it typically drives down costs through market forces. This process increases the likelihood of securing services at a fair and reasonable price, maximizing the value of federal dollars.

Public Impact

The Securities and Exchange Commission (SEC) benefits directly through enhanced IT infrastructure and data management capabilities. Services include critical functions like database loading, data migration, system administration, and electronic discovery analysis. The contract supports the SEC's mission to enforce federal securities laws and protect investors. Workforce implications include the potential for CACI-ISS, LLC employees to support SEC operations, requiring specialized IT and legal support skills.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Potential for scope creep if requirements are not clearly defined and managed.
Reliance on a single contractor for critical IT functions could pose a risk if performance falters.
Ensuring continued relevance of services as technology evolves requires proactive contract management.

Positive Signals

Awarded through full and open competition, suggesting a competitive and fair process.
Contract duration indicates a stable, long-term need met by the awarded services.
Focus on specialized areas like electronic discovery suggests alignment with modern regulatory needs.

Sector Analysis

This contract falls within the broader Information Technology (IT) services sector, specifically focusing on computing infrastructure, data processing, and related services. The federal IT services market is substantial, with agencies consistently investing in solutions for data management, cybersecurity, and operational efficiency. This contract represents a typical procurement for essential IT support functions needed to maintain agency operations and fulfill regulatory mandates.

Small Business Impact

The data indicates this contract was not set aside for small businesses (ss: false, sb: false). Therefore, there are no direct subcontracting implications for small businesses stemming from a set-aside provision. However, the prime contractor, CACI-ISS, LLC, may engage small businesses as subcontractors, depending on their own subcontracting plans and the nature of the services required. Analysis of CACI-ISS's historical subcontracting performance would be needed to assess the broader impact on the small business ecosystem.

Oversight & Accountability

Oversight for this contract would typically be managed by the contracting officer and the program office within the Securities and Exchange Commission. Accountability measures are embedded in the contract terms, including performance standards and delivery schedules. Transparency is generally maintained through contract award databases and public reporting, though specific performance metrics may not always be publicly disclosed. Inspector General jurisdiction would apply if any fraud, waste, or abuse were suspected.

Related Government Programs

SEC IT Modernization Efforts
Federal Data Management Services
Electronic Discovery and Litigation Support
Cloud Computing and Data Hosting Services
IT System Administration and Support

Risk Flags

Contract performance duration
Scope of IT services
Data security and integrity
eDiscovery compliance

Frequently Asked Questions

What is this federal contract paying for?

Securities and Exchange Commission awarded $29.9 million to CACI-ISS, LLC. IGF::OT::IGF FOR OTHER FUNCTIONS DATABASE LOADING AND EDD PROCESSING, DATA MIGRATION, SYSTEM ADMINISTRATION, ELECTRONIC DISCOVERY ANALYSIS, AND CREATION OF SEC PRODUCTIONS

Who is the contractor on this award?

The obligated recipient is CACI-ISS, LLC.

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 $29.9 million.

What is the period of performance?

Start: 2016-09-01. End: 2021-11-30.

What was the specific nature of the data migration and electronic discovery services provided under this contract?

The contract description mentions 'DATABASE LOADING AND EDD PROCESSING, DATA MIGRATION, SYSTEM ADMINISTRATION, ELECTRONIC DISCOVERY ANALYSIS, AND CREATION OF SEC PRODUCTIONS.' This indicates a broad scope of services. Data migration likely involved moving data between different storage systems or formats, potentially for modernization or consolidation. Electronic Discovery (eDiscovery) analysis is a critical function for regulatory bodies like the SEC, involving the identification, collection, processing, review, and production of electronically stored information (ESI) for legal and investigative purposes. This includes handling large volumes of documents, emails, and other digital assets relevant to SEC investigations or enforcement actions. The 'creation of SEC productions' refers to the formal delivery of this discovered information in a legally admissible format.

How does the $30 million contract value compare to other similar IT support contracts awarded by the SEC or other federal agencies?

The $30 million contract value over approximately 4.75 years (September 2016 to November 2021) equates to an average annual value of roughly $6.3 million. This figure is moderate for federal IT support contracts, especially those involving complex data processing and eDiscovery. Larger agencies often award IT support contracts in the tens or hundreds of millions of dollars annually. For the SEC, this contract size appears consistent with its operational needs for specialized IT services. Compared to broader federal IT spending, it represents a focused investment in critical data management and legal support functions rather than a comprehensive IT infrastructure overhaul.

What were the key performance indicators (KPIs) or service level agreements (SLAs) associated with this contract?

Specific KPIs and SLAs for this contract are not detailed in the provided data. However, typical performance metrics for such IT support and eDiscovery contracts would likely include: timeliness of data migration completion, accuracy of data processed, response times for system administration requests, efficiency and thoroughness of eDiscovery analysis, and adherence to production deadlines for legal and regulatory purposes. The contract's success would be measured by the SEC's ability to maintain operational continuity, effectively manage its data assets, and support its enforcement and regulatory functions without significant IT-related disruptions. Failure to meet these implicit or explicit performance standards could lead to contract modifications or termination.

What is CACI-ISS, LLC's track record with the SEC and other federal agencies for similar IT services?

CACI-ISS, LLC, as a subsidiary or part of CACI International Inc., has a significant track record of providing IT and professional services to various U.S. federal agencies, including the Department of Defense, intelligence agencies, and civilian departments. Their expertise often spans areas like enterprise IT, cybersecurity, data analytics, and mission support. For the SEC specifically, CACI has held various contracts over the years, indicating a sustained relationship and familiarity with the agency's unique requirements. The successful award and completion of this $30 million contract suggest a positive performance history and capability to meet the SEC's demanding IT and eDiscovery needs.

Were there any identified risks or challenges during the performance of this contract, and how were they mitigated?

While specific risks and mitigation strategies for this contract are not detailed, common challenges in IT support and eDiscovery contracts include managing large data volumes, ensuring data integrity during migration, meeting strict deadlines for legal productions, adapting to evolving technological requirements, and maintaining system security. Potential risks could involve performance issues, cost overruns if labor hours are not managed effectively, or security breaches. Mitigation typically involves robust project management, clear communication channels between the contractor and the SEC, regular performance reviews, adherence to security protocols, and contingency planning. The contract's duration and successful completion suggest that any significant risks were effectively managed by both CACI-ISS, LLC and the SEC.

What is the historical spending pattern for similar IT support and data processing services at the SEC?

Historical spending patterns for IT support and data processing at the SEC are generally substantial, reflecting the agency's reliance on technology to fulfill its mission. Agencies like the SEC continuously invest in IT infrastructure, data management, and specialized services such as eDiscovery due to the increasing volume and complexity of financial data and regulatory oversight. While specific historical figures for this exact service category require deeper analysis of SEC's budget and contract databases, it's common for such agencies to allocate significant portions of their IT budgets to sustain operations, manage data, and support legal/enforcement activities. Spending often fluctuates based on modernization initiatives, new regulatory requirements, and the lifecycle of existing IT systems.

Industry Classification

NAICS: Information › Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services › Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services

Product/Service Code: IT AND TELECOM - INFORMATION TECHNOLOGY AND TELECOMMUNICATIONS › ADP AND TELECOMMUNICATIONS

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE

Pricing Type: LABOR HOURS (Z)

Evaluated Preference: NONE

Contractor Details

Parent Company: CACI International Inc

Address: 1100 N GLEBE RD, ARLINGTON, VA, 22201

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

Financial Breakdown

Contract Ceiling: $29,850,872

Exercised Options: $29,850,872

Current Obligation: $29,850,872

Actual Outlays: $13,733,056

Subaward Activity

Number of Subawards: 6

Total Subaward Amount: $1,074,560

Contract Characteristics

Multi-Year Contract: Yes

Commercial Item: COMMERCIAL ITEM PROCEDURES NOT USED

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: SECHQ115D0037

IDV Type: IDC

Timeline