PBGC Spends $440K on TRAKA KEY CABINETS via Full and Open Competition
Contract Overview
Contract Amount: $440,791 ($440.8K)
Contractor: ATP GOV, LLC
Awarding Agency: Pension Benefit Guaranty Corporation
Start Date: 2022-08-17
End Date: 2026-08-16
Contract Duration: 1,460 days
Daily Burn Rate: $302/day
Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Number of Offers Received: 1
Pricing Type: FIRM FIXED PRICE
Sector: IT
Official Description: TRAKA KEY CABINETS
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20024
Plain-Language Summary
Pension Benefit Guaranty Corporation obligated $440,790.87 to ATP GOV, LLC for work described as: TRAKA KEY CABINETS Key points: 1. Contract awarded to ATP GOV, LLC for key management systems. 2. Full and open competition was utilized, suggesting a competitive bidding process. 3. The contract duration is 4 years, ending August 2026. 4. The North American Industry Classification System (NAICS) code is 541519 (Other Computer Related Services).
Value Assessment
Rating: fair
The contract value of $440,790.87 for key management cabinets appears reasonable given the 4-year duration. Benchmarking against similar government contracts for specialized security and asset tracking systems would be necessary for a definitive assessment.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under 'FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES,' indicating that while competition was sought, specific sources may have been excluded prior to the final award. This method aims for competitive pricing but the exclusion criteria warrant scrutiny.
Taxpayer Impact: The use of full and open competition generally benefits taxpayers by fostering a competitive environment that can lead to better pricing and value for government procurements.
Public Impact
Ensures secure management and tracking of physical keys, potentially reducing loss and improving operational efficiency for the Pension Benefit Guaranty Corporation. Supports asset management and accountability within the agency. The technology may enhance security protocols and streamline access control processes.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Potential for limited competition due to 'exclusion of sources' clause.
- Lack of specific performance metrics or service level agreements in provided data.
- NAICS code 541519 is broad; specific nature of 'key cabinets' needs clarification.
Positive Signals
- Awarded under full and open competition, indicating market research and outreach.
- Fixed-price contract type helps control costs.
- Long-term contract (4 years) provides stability for agency needs.
Sector Analysis
The procurement falls under IT services, specifically related to asset and security management. Spending benchmarks for similar IT hardware and software solutions vary widely, but this contract appears to be a moderate investment for specialized equipment.
Small Business Impact
The provided data does not indicate whether small businesses were involved in this procurement, either as prime contractors or subcontractors. Further analysis would be needed to determine small business participation.
Oversight & Accountability
The Pension Benefit Guaranty Corporation is responsible for overseeing this contract. Standard government procurement oversight processes should apply, including monitoring performance and ensuring compliance with contract terms.
Related Government Programs
- Other Computer Related Services
- Pension Benefit Guaranty Corporation Contracting
- Pension Benefit Guaranty Corporation Programs
Risk Flags
- Potential for limited competition due to 'exclusion of sources'.
- NAICS code is broad, requiring further detail on specific services.
- No clear performance metrics provided.
- Contract duration is significant (4 years), requiring ongoing monitoring.
Tags
other-computer-related-services, pension-benefit-guaranty-corporation, dc, delivery-order, 100k-plus
Frequently Asked Questions
What is this federal contract paying for?
Pension Benefit Guaranty Corporation awarded $440,790.87 to ATP GOV, LLC. TRAKA KEY CABINETS
Who is the contractor on this award?
The obligated recipient is ATP GOV, LLC.
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 $440,790.87.
What is the period of performance?
Start: 2022-08-17. End: 2026-08-16.
What specific capabilities do the TRAKA KEY CABINETS offer, and how do they align with PBGC's operational needs beyond basic key storage?
The TRAKA KEY CABINETS likely offer advanced features such as electronic logging, access control integration, audit trails, and potentially remote monitoring for key usage and location. These capabilities would support PBGC's need for enhanced security, accountability, and efficient management of sensitive physical assets, moving beyond simple lockboxes to a more sophisticated asset tracking solution.
What were the specific reasons for excluding certain sources in the 'FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES' process, and did this exclusion potentially limit competitive pricing?
The exclusion of sources typically occurs due to specific technical requirements, existing infrastructure compatibility, or unique security certifications that only a limited number of vendors can meet. While intended to ensure suitability, such exclusions can sometimes reduce the number of bidders, potentially impacting the level of price competition achieved compared to a truly unrestricted open competition.
How will the effectiveness of the TRAKA KEY CABINETS be measured to ensure they deliver the intended value and security improvements for PBGC?
Effectiveness will likely be measured through key performance indicators (KPIs) such as reduction in lost or unaccounted-for keys, decreased time spent managing key access, successful audits of key usage logs, and user feedback on system usability and reliability. The contract's success hinges on the system's ability to demonstrably improve security posture and operational efficiency.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Other Computer Related Services
Product/Service Code: FURNITURE
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Solicitation ID: 16PBGC22Q0059
Offers Received: 1
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 575 LIVELY BLVD, ELK GROVE, IL, 60007
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Limited Liability Corporation, Manufacturer of Goods, Small Business, Special Designations, U.S.-Owned Business, Woman Owned Business, Women Owned Small Business
Financial Breakdown
Contract Ceiling: $477,657
Exercised Options: $440,791
Current Obligation: $440,791
Actual Outlays: $382,336
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: NNG15SC58B
IDV Type: GWAC
Timeline
Start Date: 2022-08-17
Current End Date: 2026-08-16
Potential End Date: 2027-08-16 00:00:00
Last Modified: 2026-04-13
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