Commerce Dept. Awards $113M for Patent Data Management to FSC EDGE CORP
Contract Overview
Contract Amount: $113,180,907 ($113.2M)
Contractor: FSC Edge Corp.
Awarding Agency: Department of Commerce
Start Date: 2021-06-14
End Date: 2023-12-10
Contract Duration: 909 days
Daily Burn Rate: $124.5K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 3
Pricing Type: FIRM FIXED PRICE
Sector: IT
Official Description: PATENT DATA AND DOCUMENT MANAGEMENT (PD&DM)
Place of Performance
Location: OMAHA, SARPY County, NEBRASKA, 68138
State: Nebraska Government Spending
Plain-Language Summary
Department of Commerce obligated $113.2 million to FSC EDGE CORP. for work described as: PATENT DATA AND DOCUMENT MANAGEMENT (PD&DM) Key points: 1. Contract value of $113.18M for patent data and document management. 2. FSC EDGE CORP. is the sole awardee. 3. Contract type is Firm Fixed Price, indicating price certainty. 4. The contract duration is 909 days.
Value Assessment
Rating: fair
The contract value of $113.18M over 909 days suggests a significant investment in patent data management. Benchmarking against similar contracts for document management systems or data processing services would be necessary to fully assess value.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, which typically promotes competitive pricing. However, the specific details of the bidding process and the number of bids received are not provided, making it difficult to assess the effectiveness of price discovery.
Taxpayer Impact: The use of full and open competition aims to ensure taxpayer funds are used efficiently by fostering a competitive environment for contract awards.
Public Impact
Ensures the efficient management and accessibility of patent data and documents. Supports the U.S. Patent and Trademark Office's core mission. Potential impact on innovation and intellectual property protection. Long-term data integrity and security are crucial.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of detailed bid information for full and open competition.
- Potential for cost overruns if scope creeps.
- Dependence on a single vendor for critical data management.
Positive Signals
- Firm Fixed Price contract provides cost certainty.
- Full and open competition generally leads to better pricing.
- Supports a critical government function.
Sector Analysis
This contract falls within the IT services sector, specifically focusing on data management and publishing. Spending benchmarks for similar government IT contracts can vary widely based on scope, complexity, and duration.
Small Business Impact
The provided data does not indicate any specific provisions or set-asides for small businesses in this contract award.
Oversight & Accountability
Oversight would focus on contract performance, adherence to timelines, data security protocols, and ensuring the delivered services meet the U.S. Patent and Trademark Office's requirements.
Related Government Programs
- All Other Publishers
- Department of Commerce Contracting
- U.S. Patent and Trademark Office Programs
Risk Flags
- Lack of detailed bid information.
- Potential for vendor lock-in.
- Data security and integrity risks.
- Scope creep potential.
Tags
all-other-publishers, department-of-commerce, ne, definitive-contract, 100m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Commerce awarded $113.2 million to FSC EDGE CORP.. PATENT DATA AND DOCUMENT MANAGEMENT (PD&DM)
Who is the contractor on this award?
The obligated recipient is FSC EDGE CORP..
Which agency awarded this contract?
Awarding agency: Department of Commerce (U.S. Patent and Trademark Office).
What is the total obligated amount?
The obligated amount is $113.2 million.
What is the period of performance?
Start: 2021-06-14. End: 2023-12-10.
What was the competitive landscape like during the full and open competition phase, and how many bids were received?
While the contract was awarded under full and open competition, the provided data does not specify the number of bids received or details about the competitive landscape. Further investigation into the solicitation documents would be required to understand the extent of competition and how it influenced the final price.
Are there any performance metrics or KPIs established to measure the effectiveness of FSC EDGE CORP.'s patent data and document management services?
The provided data does not include information on specific performance metrics or Key Performance Indicators (KPIs) for this contract. Effective oversight would require the establishment and monitoring of such metrics to ensure the contractor is meeting service level agreements and delivering high-quality patent data management.
What is the potential long-term cost implication if the scope of patent data and document management needs to expand beyond the current contract?
The current contract is a Firm Fixed Price award for a defined period. Any expansion of scope would likely require new contract actions, potentially involving re-competition or contract modifications. The long-term cost implication depends on future market conditions and the government's negotiation strategy for any subsequent agreements.
Industry Classification
NAICS: Information › Newspaper, Periodical, Book, and Directory Publishers › All Other Publishers
Product/Service Code: PHOTO, MAP, PRINT, PUBLICATION › PHOTOGR, MAPPING, PRINTING, PUBLISH
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Solicitation ID: 1333BJ20R00151004
Offers Received: 3
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Parent Company: FSC Colorado Holdings Inc.
Address: 5755 CENTRAL AVE, BOULDER, CO, 80301
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Foreign Owned, Foreign-Owned and U.S.-Incorporated Business, Not Designated a Small Business, Special Designations
Financial Breakdown
Contract Ceiling: $1,394,810,189
Exercised Options: $223,145,708
Current Obligation: $113,180,907
Actual Outlays: $-372,105
Subaward Activity
Number of Subawards: 4
Total Subaward Amount: $10,642,862
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: NO
Timeline
Start Date: 2021-06-14
Current End Date: 2023-12-10
Potential End Date: 2023-12-10 00:00:00
Last Modified: 2024-02-01
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