PBGC awards $30.2M contract for professional data collection services to Deloitte & Touche LLP
Contract Overview
Contract Amount: $30,255,246 ($30.3M)
Contractor: Deloitte & Touche LLP
Awarding Agency: Pension Benefit Guaranty Corporation
Start Date: 2020-09-30
End Date: 2025-09-29
Contract Duration: 1,825 days
Daily Burn Rate: $16.6K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 3
Pricing Type: TIME AND MATERIALS
Sector: Other
Official Description: PROFESSIONAL DATA COLLECTION SERVICES
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20024
Plain-Language Summary
Pension Benefit Guaranty Corporation obligated $30.3 million to DELOITTE & TOUCHE LLP for work described as: PROFESSIONAL DATA COLLECTION SERVICES Key points: 1. The contract value is $30.2 million over five years. 2. Deloitte & Touche LLP is the incumbent contractor. 3. The contract was awarded under full and open competition. 4. The NAICS code 541519 suggests IT-related services.
Value Assessment
Rating: fair
The contract is a Time and Materials type, which can lead to cost overruns if not managed carefully. The award amount of $30.2M for 5 years suggests an average annual spend of $6M, which needs to be benchmarked against similar data collection services.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, indicating a competitive bidding process. However, the award type is a BPA Call, which might suggest pre-negotiated terms or a specific vendor pool.
Taxpayer Impact: The competitive award process aims to ensure taxpayer funds are used efficiently, but the Time and Materials pricing structure requires diligent oversight to control costs.
Public Impact
Ensures continued data collection for pension benefit guarantees. Supports the Pension Benefit Guaranty Corporation's mission. Potential for cost increases due to Time and Materials pricing. Impact on small businesses is minimal as the contractor is large.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Time and Materials pricing can lead to cost overruns.
- Incumbent contractor may have a competitive advantage.
- Lack of specific performance metrics provided.
Positive Signals
- Awarded under full and open competition.
- Supports a critical government function.
- Long-term contract provides stability.
Sector Analysis
The contract falls under professional services, specifically data collection, which is crucial for agencies like PBGC to manage their operations. Benchmarking this spend against similar data collection contracts across government is essential for value assessment.
Small Business Impact
The contractor, Deloitte & Touche LLP, is a large business. There is no indication that small businesses were involved as subcontractors or partners in this award.
Oversight & Accountability
The Time and Materials contract type necessitates robust oversight from the PBGC to monitor labor hours and costs, ensuring the services are delivered efficiently and within budget.
Related Government Programs
- Other Computer Related Services
- Pension Benefit Guaranty Corporation Contracting
- Pension Benefit Guaranty Corporation Programs
Risk Flags
- Time and Materials pricing.
- Incumbent contractor.
- Lack of detailed performance metrics.
- Potential for cost escalation.
Tags
other-computer-related-services, pension-benefit-guaranty-corporation, dc, bpa-call, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Pension Benefit Guaranty Corporation awarded $30.3 million to DELOITTE & TOUCHE LLP. PROFESSIONAL DATA COLLECTION SERVICES
Who is the contractor on this award?
The obligated recipient is DELOITTE & TOUCHE LLP.
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 $30.3 million.
What is the period of performance?
Start: 2020-09-30. End: 2025-09-29.
What specific data is being collected, and how critical is it to PBGC's core mission?
The specific data collected under this contract is not detailed in the provided information. However, given it's for the Pension Benefit Guaranty Corporation (PBGC), it likely pertains to pension plan information, participant data, financial health of plans, and related actuarial data. This data is critical for PBGC's mission of insuring defined benefit pension plans and protecting the retirement income of millions of Americans.
What are the risks associated with using a Time and Materials contract for data collection services?
Time and Materials (T&M) contracts carry inherent risks, primarily the potential for cost overruns if not closely managed. Unlike fixed-price contracts, the government pays for the actual labor hours and material costs incurred by the contractor. This can lead to unpredictable final costs if the scope of work expands or if contractor efficiency is low. Effective oversight, clear task definitions, and strong negotiation skills are crucial to mitigate these risks.
How does the competitive nature of the award impact the overall value for the taxpayer?
Awarding the contract under 'full and open competition' theoretically maximizes taxpayer value by encouraging multiple bidders to offer competitive pricing and innovative solutions. This process aims to prevent monopolies and ensure the government secures the best possible price and quality. However, the effectiveness of this competition in driving value depends on the specific requirements, the number and capability of bidders, and the subsequent contract management.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Other Computer Related Services
Product/Service Code: SPECIAL STUDIES/ANALYSIS, NOT R&D › SPECIAL STUDIES - NOT R and D
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Solicitation ID: 16PBGC20Q0078
Offers Received: 3
Pricing Type: TIME AND MATERIALS (Y)
Evaluated Preference: NONE
Contractor Details
Parent Company: Deloitte Consulting LLP
Address: 1919 N LYNN ST, ARLINGTON, VA, 22209
Business Categories: Category Business, Not Designated a Small Business, Partnership or Limited Liability Partnership, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $30,255,246
Exercised Options: $30,255,246
Current Obligation: $30,255,246
Actual Outlays: $21,186,067
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: PBGC01BP160008
IDV Type: BPA
Timeline
Start Date: 2020-09-30
Current End Date: 2025-09-29
Potential End Date: 2025-09-29 00:00:00
Last Modified: 2025-06-17
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