PBGC Awards $2.59M for ONE STREAM Subscription Licenses to Four Points Technology
Contract Overview
Contract Amount: $2,591,200 ($2.6M)
Contractor: Four Points Technology, L.L.C.
Awarding Agency: Pension Benefit Guaranty Corporation
Start Date: 2021-09-27
End Date: 2026-09-26
Contract Duration: 1,825 days
Daily Burn Rate: $1.4K/day
Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Number of Offers Received: 3
Pricing Type: FIRM FIXED PRICE
Sector: IT
Official Description: ONE STREAM SUBSCRIPTION LICENSES
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20024
Plain-Language Summary
Pension Benefit Guaranty Corporation obligated $2.6 million to FOUR POINTS TECHNOLOGY, L.L.C. for work described as: ONE STREAM SUBSCRIPTION LICENSES Key points: 1. The contract value is $2.59 million over five years. 2. Four Points Technology, L.L.C. is the sole awardee. 3. The contract type is Firm Fixed Price, indicating predictable costs. 4. The NAICS code 541519 suggests services related to computer systems design and related services.
Value Assessment
Rating: fair
The contract is a delivery order under an existing contract. Without knowing the original contract's pricing and competition, it's difficult to assess the value definitively. However, the fixed-price nature provides cost certainty.
Cost Per Unit: N/A
Competition Analysis
Competition Level: limited
The contract was awarded under 'FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES'. This suggests that while competition was considered, specific circumstances led to excluding some potential sources, potentially impacting price discovery.
Taxpayer Impact: The total value of $2.59 million over five years represents a commitment of taxpayer funds for essential software licensing.
Public Impact
Ensures continued access to critical ONE STREAM software for the Pension Benefit Guaranty Corporation. Supports the agency's operational efficiency and data management capabilities. The duration of the contract (5 years) provides long-term stability for software support.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Limited competition raises questions about optimal pricing.
- Lack of detailed pricing information makes independent value assessment challenging.
Positive Signals
- Firm Fixed Price contract provides cost predictability.
- Long-term contract ensures service continuity.
Sector Analysis
This contract falls under IT services, specifically software licensing and support. Spending in this sector is generally high across government agencies for maintaining modern technological infrastructure and operational tools.
Small Business Impact
The data does not indicate whether Four Points Technology, L.L.C. is a small business. Further analysis would be needed to determine the impact on small business participation.
Oversight & Accountability
The contract is a delivery order, implying it's part of a larger framework agreement. Oversight would typically involve monitoring performance against the delivery order terms and the underlying contract.
Related Government Programs
- Other Computer Related Services
- Pension Benefit Guaranty Corporation Contracting
- Pension Benefit Guaranty Corporation Programs
Risk Flags
- Limited competition
- Lack of detailed pricing justification
- Potential for higher costs due to source exclusion
Tags
other-computer-related-services, pension-benefit-guaranty-corporation, dc, delivery-order, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
Pension Benefit Guaranty Corporation awarded $2.6 million to FOUR POINTS TECHNOLOGY, L.L.C.. ONE STREAM SUBSCRIPTION LICENSES
Who is the contractor on this award?
The obligated recipient is FOUR POINTS TECHNOLOGY, L.L.C..
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 $2.6 million.
What is the period of performance?
Start: 2021-09-27. End: 2026-09-26.
What was the rationale for excluding sources in the full and open competition?
The rationale for excluding sources in a 'full and open competition after exclusion of sources' typically involves specific justifications such as national security, unique capabilities, or prior investments that make other sources unsuitable. Understanding this reason is crucial for assessing whether the limited competition was warranted and if it potentially led to a higher price than broader competition might have achieved.
How does the per-unit cost of this ONE STREAM subscription compare to similar government or commercial licenses?
Benchmarking the per-unit cost of these ONE STREAM subscription licenses against similar government or commercial contracts is essential for value assessment. Without access to comparative pricing data, it's difficult to determine if the $2.59 million award represents a fair market price or if there's potential for cost savings through renegotiation or exploring alternative solutions.
What is the impact of this subscription on the PBGC's overall IT infrastructure and operational effectiveness?
The impact of the ONE STREAM subscription on the PBGC's operational effectiveness hinges on its criticality to core functions like financial management, data analytics, or reporting. If it's a mission-critical system, the $2.59 million investment over five years could be justified by significant improvements in efficiency, accuracy, and decision-making, thereby enhancing the agency's ability to fulfill its mandate.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Other Computer Related Services
Product/Service Code: IT AND TELECOM - APLLICATIONS
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Solicitation ID: 16PBGC21Q0097
Offers Received: 3
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 13221 WOODLAND PARK RD, HERNDON, VA, 20171
Business Categories: Category Business, Limited Liability Corporation, Service Disabled Veteran Owned Business, Small Business, Special Designations, U.S.-Owned Business, Veteran Owned Business
Financial Breakdown
Contract Ceiling: $2,591,200
Exercised Options: $2,591,200
Current Obligation: $2,591,200
Actual Outlays: $2,044,600
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: NNG15SD22B
IDV Type: GWAC
Timeline
Start Date: 2021-09-27
Current End Date: 2026-09-26
Potential End Date: 2026-09-26 00:00:00
Last Modified: 2026-04-13
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