PBGC awards $13.4M PDR Support Services contract to Deloitte & Touche LLP under full and open competition
Contract Overview
Contract Amount: $13,383,484 ($13.4M)
Contractor: Deloitte & Touche LLP
Awarding Agency: Pension Benefit Guaranty Corporation
Start Date: 2022-09-29
End Date: 2026-09-28
Contract Duration: 1,460 days
Daily Burn Rate: $9.2K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 3
Pricing Type: TIME AND MATERIALS
Sector: IT
Official Description: PDR SUPPORT SERVICES
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20024
Plain-Language Summary
Pension Benefit Guaranty Corporation obligated $13.4 million to DELOITTE & TOUCHE LLP for work described as: PDR SUPPORT SERVICES Key points: 1. Contract value of $13.4M over approximately 4 years. 2. Awarded to a single, well-established vendor. 3. Potential for cost overruns due to Time and Materials pricing. 4. Services fall under 'Other Computer Related Services' NAICS code.
Value Assessment
Rating: fair
The contract uses a Time and Materials pricing structure, which can lead to higher costs if not carefully managed. Benchmarking against similar IT support services contracts is difficult without specific labor categories and rates.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, suggesting a competitive bidding process. However, the award type 'BPA CALL' indicates it was likely a call against an existing Blanket Purchase Agreement, which might limit the pool of potential bidders.
Taxpayer Impact: Taxpayer funds are being used for IT support services. The Time and Materials pricing model presents a risk of inefficient spending if not closely monitored.
Public Impact
Ensures continued support for critical pension benefit administration systems. Potential for cost increases if project scope expands or is not managed efficiently. Supports government IT infrastructure and operational continuity.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Time and Materials pricing
- Limited competition due to BPA call structure
- Potential for scope creep
Positive Signals
- Full and open competition utilized
- Experienced vendor selected
- Long-term support established
Sector Analysis
This contract falls within the IT services sector, specifically 'Other Computer Related Services'. Spending in this area is substantial across government agencies, with benchmarks varying widely based on service complexity and duration.
Small Business Impact
The data indicates this contract was not awarded to a small business. There is no information provided on subcontracting opportunities for small businesses within this award.
Oversight & Accountability
The Pension Benefit Guaranty Corporation is responsible for overseeing this contract. Standard government oversight procedures for contract performance and financial management should be in place.
Related Government Programs
- Other Computer Related Services
- Pension Benefit Guaranty Corporation Contracting
- Pension Benefit Guaranty Corporation Programs
Risk Flags
- Time and Materials pricing increases cost risk.
- Potential for limited competition despite 'full and open' designation.
- Lack of specific performance metrics in provided data.
- No indication of small business subcontracting.
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 $13.4 million to DELOITTE & TOUCHE LLP. PDR SUPPORT 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 $13.4 million.
What is the period of performance?
Start: 2022-09-29. End: 2026-09-28.
What specific PDR support services are being provided, and how do they align with PBGC's core mission?
The contract is for 'PDR SUPPORT SERVICES,' which likely refers to support for Pension Determination and Reporting systems. These services are crucial for PBGC's mission of administering the nation's private defined benefit pension insurance program, ensuring timely and accurate benefit payments and plan administration.
What are the key performance indicators (KPIs) for this contract, and how will performance be measured?
Specific KPIs are not detailed in the provided data. However, typical KPIs for IT support services include system uptime, response times for issue resolution, and successful completion of maintenance tasks. PBGC's contract management team would be responsible for defining and monitoring these metrics.
What is the estimated total cost per hour or per deliverable, and how does it compare to industry standards?
As a Time and Materials contract, a total cost per hour or deliverable is not fixed. The provided data includes a 'br' (burden rate?) of 9167, but without context on labor categories or hours, it's impossible to benchmark against industry standards. This lack of fixed pricing necessitates rigorous oversight.
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
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: $18,074,018
Exercised Options: $13,383,484
Current Obligation: $13,383,484
Actual Outlays: $7,750,421
Subaward Activity
Number of Subawards: 1
Total Subaward Amount: $98,800
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: 16PBGC22A0005
IDV Type: BPA
Timeline
Start Date: 2022-09-29
Current End Date: 2026-09-28
Potential End Date: 2027-09-28 00:00:00
Last Modified: 2026-01-20
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