Peace Corps awards $22.3M for Information Assurance Services to Veris Group, LLC

Contract Overview

Contract Amount: $22,310,946 ($22.3M)

Contractor: Veris Group, LLC

Awarding Agency: Peace Corps

Start Date: 2020-08-05

End Date: 2026-03-06

Contract Duration: 2,039 days

Daily Burn Rate: $10.9K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 3

Pricing Type: LABOR HOURS

Sector: IT

Official Description: INFORMATION ASSURANCE SERVICES

Place of Performance

Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20526

State: District of Columbia Government Spending

Plain-Language Summary

Peace Corps obligated $22.3 million to VERIS GROUP, LLC for work described as: INFORMATION ASSURANCE SERVICES Key points: 1. Contract value of $22.3M for IT services. 2. Competition method was full and open. 3. Potential risk in contract duration and specific service niche. 4. Spending falls within the 'Other Computer Related Services' sector.

Value Assessment

Rating: good

The contract value of $22.3M over approximately 5.7 years suggests a reasonable annual spend. Benchmarking against similar IT service contracts requires more granular data on specific services and labor categories.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, indicating a robust price discovery process. This method generally leads to competitive pricing as multiple vendors can bid.

Taxpayer Impact: The use of full and open competition aims to ensure taxpayer funds are used efficiently by securing the best value services at competitive prices.

Public Impact

Ensures critical information assurance for the Peace Corps. Supports ongoing IT security operations and resilience. Long-term contract provides stability for service delivery.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Long contract duration (2039 days) may lead to cost inefficiencies if needs change.
Specific service details (NAICS 541519) are broad, potentially masking higher-cost niche services.

Positive Signals

Awarded under full and open competition.
Contract supports essential government functions.

Sector Analysis

This contract falls under IT services, specifically 'Other Computer Related Services'. Spending benchmarks for this category vary widely based on the specific services rendered, but $22.3M over nearly six years is a moderate investment for an agency like the Peace Corps.

Small Business Impact

The data indicates this contract was not awarded to a small business (SB is false). Further analysis would be needed to determine if small businesses had an opportunity to participate in the subcontracting plan.

Oversight & Accountability

The contract was awarded by the Peace Corps, suggesting internal oversight mechanisms are in place. The long duration may warrant periodic reviews to ensure continued value and alignment with agency needs.

Related Government Programs

Other Computer Related Services
Peace Corps Contracting
Peace Corps Programs

Risk Flags

Long contract duration.
Broad service category (NAICS 541519).
No indication of small business participation.
Potential for technology obsolescence over contract term.

Frequently Asked Questions

What is this federal contract paying for?

Peace Corps awarded $22.3 million to VERIS GROUP, LLC. INFORMATION ASSURANCE SERVICES

Who is the contractor on this award?

The obligated recipient is VERIS GROUP, LLC.

Which agency awarded this contract?

Awarding agency: Peace Corps (Peace Corps).

What is the total obligated amount?

The obligated amount is $22.3 million.

What is the period of performance?

Start: 2020-08-05. End: 2026-03-06.

What specific information assurance services are being provided under this contract?

The contract specifies 'Other Computer Related Services' (NAICS 541519). While this broadly covers IT services, the exact deliverables could range from cybersecurity assessments and vulnerability management to network security monitoring and incident response. Understanding the precise scope is crucial for a detailed value assessment.

How does the contract's duration impact potential cost savings or risks?

A duration of nearly six years offers stability but also carries the risk of price escalation or becoming misaligned with evolving technological needs. Regular performance reviews and potential for contract modifications are key to mitigating these risks and ensuring cost-effectiveness over the long term.

What is the benchmark cost for similar information assurance services in the federal sector?

Benchmarking is challenging without specific service details. However, the total contract value of $22.3M spread over approximately 2039 days averages around $11,000 per day. This figure needs to be compared against industry rates for comparable IT security services, considering factors like labor mix and complexity.

Industry Classification

NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Other Computer 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: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Offers Received: 3

Pricing Type: LABOR HOURS (Z)

Evaluated Preference: NONE

Contractor Details

Address: 13800 COPPERMINE RD STE 177, HERNDON, VA, 20171

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

Financial Breakdown

Contract Ceiling: $22,310,946

Exercised Options: $22,310,946

Current Obligation: $22,310,946

Actual Outlays: $26,486,704

Subaward Activity

Number of Subawards: 32

Total Subaward Amount: $7,632,328

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: GS35F0621T

IDV Type: FSS

Timeline