PBGC awards $15.9M contract for administrative management consulting to Salient CRGT, Inc
Contract Overview
Contract Amount: $15,890,436 ($15.9M)
Contractor: Salient Crgt, Inc.
Awarding Agency: Pension Benefit Guaranty Corporation
Start Date: 2019-08-01
End Date: 2026-07-31
Contract Duration: 2,556 days
Daily Burn Rate: $6.2K/day
Competition Type: FULL AND OPEN COMPETITION
Pricing Type: TIME AND MATERIALS
Sector: Other
Official Description: EBTS TASK ORDER 1
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20024
Plain-Language Summary
Pension Benefit Guaranty Corporation obligated $15.9 million to SALIENT CRGT, INC. for work described as: EBTS TASK ORDER 1 Key points: 1. Contract awarded to Salient CRGT, Inc. for administrative management and general management consulting services. 2. The contract has a duration of 2556 days, ending July 31, 2026. 3. Awarded under full and open competition, indicating a competitive bidding process. 4. The contract type is Time and Materials, which can pose cost control challenges.
Value Assessment
Rating: fair
The contract value of $15.9 million over approximately 7 years suggests a moderate annual spend. Benchmarking against similar administrative management consulting contracts would be necessary to fully assess value, as specific deliverables and scope are not detailed.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, suggesting a robust price discovery process. This method typically allows multiple vendors to bid, driving competitive pricing.
Taxpayer Impact: The competitive nature of the award is positive for taxpayers, as it likely resulted in a more favorable price than a sole-source or limited competition contract.
Public Impact
Ensures continued administrative and management support for the Pension Benefit Guaranty Corporation. Supports the operational efficiency of a key government agency responsible for protecting pensions. Potential for long-term relationship with a single contractor, impacting future competition.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Time and Materials contract type can lead to cost overruns if not closely managed.
- Long contract duration may not adapt well to evolving agency needs.
- Lack of specific performance metrics makes it difficult to assess effectiveness.
Positive Signals
- Awarded through full and open competition, indicating a competitive process.
- Contract supports essential administrative functions for a critical agency.
Sector Analysis
Administrative Management and General Management Consulting Services are crucial for optimizing government operations. Benchmarks for this sector vary widely based on scope, but this contract's value appears moderate for a multi-year engagement.
Small Business Impact
The contract was awarded to Salient CRGT, Inc. and does not indicate any specific subcontracting goals for small businesses. Further analysis would be needed to determine if small businesses are involved in fulfilling this contract.
Oversight & Accountability
The contract's long duration and Time and Materials structure warrant close oversight to ensure cost control and alignment with agency objectives. Regular performance reviews and budget tracking are essential.
Related Government Programs
- Administrative Management and General Management Consulting Services
- Pension Benefit Guaranty Corporation Contracting
- Pension Benefit Guaranty Corporation Programs
Risk Flags
- Potential for cost overruns due to Time and Materials pricing.
- Long contract duration may lead to vendor lock-in and reduced flexibility.
- Lack of specific performance metrics makes outcome assessment difficult.
- Limited visibility into small business participation.
Tags
administrative-management-and-general-ma, pension-benefit-guaranty-corporation, dc, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Pension Benefit Guaranty Corporation awarded $15.9 million to SALIENT CRGT, INC.. EBTS TASK ORDER 1
Who is the contractor on this award?
The obligated recipient is SALIENT CRGT, INC..
Which agency awarded this contract?
Awarding agency: Pension Benefit Guaranty Corporation (Pension Benefit Guaranty Corporation).
What is the total obligated amount?
The obligated amount is $15.9 million.
What is the period of performance?
Start: 2019-08-01. End: 2026-07-31.
What specific management consulting services are being provided under this contract, and how do they align with PBGC's strategic goals?
The contract specifies 'Administrative Management and General Management Consulting Services.' To assess alignment, a detailed breakdown of the services rendered, such as process improvement, organizational design, or strategic planning support, would be required. These services should directly contribute to PBGC's mission of protecting defined benefit pension plans and ensuring efficient agency operations.
How effectively has Salient CRGT, Inc. managed costs and delivered value on similar Time and Materials contracts in the past?
Evaluating Salient CRGT's past performance on Time and Materials contracts is crucial. Data on their historical cost performance, adherence to budgets, and client satisfaction would provide insight into their ability to manage this $15.9 million award effectively. A review of past performance evaluations and any reported cost overruns or efficiencies would be informative.
What mechanisms are in place to ensure the services provided remain relevant and effective given the contract's seven-year duration?
Given the contract's extended period, mechanisms for adapting to evolving needs are vital. This includes regular performance reviews, contract modifications for scope changes, and clear communication channels between PBGC and Salient CRGT. The agency should have processes to ensure the consulting services continue to meet current requirements and contribute to long-term effectiveness.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Management, Scientific, and Technical Consulting Services › Administrative Management and General Management Consulting Services
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › PROFESSIONAL SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Pricing Type: TIME AND MATERIALS (Y)
Evaluated Preference: NONE
Contractor Details
Address: 4000 LEGATO RD STE 600, FAIRFAX, VA, 22033
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $24,207,648
Exercised Options: $15,890,436
Current Obligation: $15,890,436
Actual Outlays: $9,204,836
Contract Characteristics
Multi-Year Contract: Yes
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: 16PBGC19D0019
IDV Type: IDC
Timeline
Start Date: 2019-08-01
Current End Date: 2026-07-31
Potential End Date: 2029-07-31 00:00:00
Last Modified: 2026-01-02
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