NOAA awards $2.78M for Deepwater Horizon data management to Industrial Economics Inc
Contract Overview
Contract Amount: $2,778,613 ($2.8M)
Contractor: Industrial Economics Inc
Awarding Agency: Department of Commerce
Start Date: 2020-08-11
End Date: 2025-08-20
Contract Duration: 1,835 days
Daily Burn Rate: $1.5K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 3
Pricing Type: TIME AND MATERIALS
Sector: Other
Official Description: DEEPWATER HORIZON LONG TERM DATA MANAGEMENT
Place of Performance
Location: CAMBRIDGE, MIDDLESEX County, MASSACHUSETTS, 02140
Plain-Language Summary
Department of Commerce obligated $2.8 million to INDUSTRIAL ECONOMICS INC for work described as: DEEPWATER HORIZON LONG TERM DATA MANAGEMENT Key points: 1. Contract awarded for long-term data management services. 2. Industrial Economics Inc. is the contractor. 3. Department of Commerce, NOAA are the agencies. 4. Full and open competition was used. 5. Services fall under Administrative Management and General Management Consulting.
Value Assessment
Rating: fair
The contract value of $2.78M over approximately 5 years for consulting services is within a reasonable range. However, without specific details on the scope of work and deliverables, a precise pricing assessment is difficult.
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 a broad range of qualified contractors to bid. This method is expected to yield fair market value.
Taxpayer Impact: The use of full and open competition suggests that taxpayer funds are being used efficiently by ensuring a competitive bidding process.
Public Impact
Ensures continued management of critical data related to the Deepwater Horizon incident. Supports ongoing environmental and economic impact assessments. Provides continuity for long-term research and policy development.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Potential for scope creep in long-term data management.
- Reliance on a single contractor for critical data over an extended period.
- Data security and accessibility concerns over the contract duration.
Positive Signals
- Awarded through full and open competition.
- Addresses a critical long-term need for data management.
- Supports ongoing environmental and economic recovery efforts.
Sector Analysis
This contract falls within the professional, scientific, and technical services sector, specifically management consulting. Spending in this area can vary widely based on agency needs and the complexity of the issues addressed.
Small Business Impact
The contract was awarded through full and open competition, and there is no specific indication of small business participation or set-asides in the provided data. Further analysis would be needed to determine if small businesses had an opportunity to participate.
Oversight & Accountability
The contract is managed by the National Oceanic and Atmospheric Administration (NOAA) under the Department of Commerce. Oversight would involve monitoring contract performance, deliverables, and adherence to terms, particularly given the long-term nature of data management.
Related Government Programs
- Administrative Management and General Management Consulting Services
- Department of Commerce Contracting
- National Oceanic and Atmospheric Administration Programs
Risk Flags
- Potential for cost overruns due to Time and Materials pricing.
- Risk of data obsolescence or incompatibility over the long term.
- Dependency on contractor's institutional knowledge for data continuity.
- Ensuring data integrity and security across multiple years.
Tags
administrative-management-and-general-ma, department-of-commerce, ma, delivery-order, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Commerce awarded $2.8 million to INDUSTRIAL ECONOMICS INC. DEEPWATER HORIZON LONG TERM DATA MANAGEMENT
Who is the contractor on this award?
The obligated recipient is INDUSTRIAL ECONOMICS INC.
Which agency awarded this contract?
Awarding agency: Department of Commerce (National Oceanic and Atmospheric Administration).
What is the total obligated amount?
The obligated amount is $2.8 million.
What is the period of performance?
Start: 2020-08-11. End: 2025-08-20.
What specific data sets are being managed under this contract, and what is their long-term significance?
The data likely pertains to the environmental and economic impacts of the Deepwater Horizon oil spill. This includes monitoring data, research findings, and economic impact assessments. The long-term significance lies in understanding the lasting effects of the spill, informing future environmental regulations, and supporting ongoing recovery and restoration efforts.
What are the key performance indicators (KPIs) for this data management contract to ensure effectiveness?
Key performance indicators should include data accuracy, completeness, accessibility, security, and timeliness of updates. For instance, metrics could track the percentage of data records meeting quality standards, the uptime of data repositories, and the response time for data retrieval requests. Regular audits and user feedback would also be crucial.
How does the time and materials pricing structure align with ensuring cost-effectiveness for long-term data management?
Time and materials contracts can be less predictable in terms of final cost compared to fixed-price contracts. For long-term data management, this structure might be suitable if the scope is evolving or difficult to define upfront. However, it necessitates robust oversight to prevent cost overruns and ensure efficient labor utilization.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Management, Scientific, and Technical Consulting Services › Administrative Management and General Management Consulting 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: TIME AND MATERIALS (Y)
Evaluated Preference: NONE
Contractor Details
Address: 2067 MASSACHUSETTS AVE, CAMBRIDGE, MA, 02140
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $3,463,338
Exercised Options: $3,463,338
Current Obligation: $2,778,613
Actual Outlays: $1,290,716
Subaward Activity
Number of Subawards: 1
Total Subaward Amount: $1,243,805
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: 47QRAA20D0044
IDV Type: FSS
Timeline
Start Date: 2020-08-11
Current End Date: 2025-08-20
Potential End Date: 2025-08-20 00:00:00
Last Modified: 2026-03-18
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