PBGC Spends $15.4M on Financial System O&M with CGI Federal under Full and Open Competition
Contract Overview
Contract Amount: $15,441,571 ($15.4M)
Contractor: CGI Federal Inc.
Awarding Agency: Pension Benefit Guaranty Corporation
Start Date: 2024-01-01
End Date: 2025-12-31
Contract Duration: 730 days
Daily Burn Rate: $21.2K/day
Competition Type: FULL AND OPEN COMPETITION
Pricing Type: FIRM FIXED PRICE
Sector: IT
Official Description: FINANCIAL MANAGEMENT SYSTEM OPERATIONS AND MAINTENANCE AND RELEASES
Place of Performance
Location: FAIRFAX, FAIRFAX County, VIRGINIA, 22033
State: Virginia Government Spending
Plain-Language Summary
Pension Benefit Guaranty Corporation obligated $15.4 million to CGI FEDERAL INC. for work described as: FINANCIAL MANAGEMENT SYSTEM OPERATIONS AND MAINTENANCE AND RELEASES Key points: 1. The contract value is $15.4 million over two years. 2. CGI Federal Inc. is the incumbent contractor. 3. The contract was awarded using full and open competition. 4. The service category is 'Other Computer Related Services'.
Value Assessment
Rating: fair
The contract value of $15.4 million for two years of operations and maintenance for a financial management system appears reasonable given the scope. Benchmarking against similar IT operations and maintenance contracts would provide a clearer picture of value.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded using full and open competition, suggesting a robust price discovery process. This method typically leads to more competitive pricing compared to sole-source or limited competition awards.
Taxpayer Impact: Taxpayer funds are being used for essential IT operations and maintenance, which is a standard government expenditure. The competitive award process aims to ensure efficient use of these funds.
Public Impact
Ensures the continued operation of the Pension Benefit Guaranty Corporation's financial management system. Supports critical financial reporting and management functions for the agency. Potential impact on beneficiaries if the system experiences downtime or performance issues.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of specific performance metrics in the provided data.
- Potential for cost overruns if scope expands beyond initial estimates.
Positive Signals
- Awarded under full and open competition.
- Incumbent contractor likely has institutional knowledge, potentially leading to smoother transition/operations.
Sector Analysis
This contract falls within the IT services sector, specifically 'Other Computer Related Services'. Government spending on IT operations and maintenance is substantial, with benchmarks varying widely based on system complexity and criticality.
Small Business Impact
The data does not indicate any specific set-asides for small businesses. The contract was awarded under full and open competition, which may or may not have included small business participation.
Oversight & Accountability
The Pension Benefit Guaranty Corporation is responsible for overseeing this contract. Standard oversight mechanisms for IT service contracts should be in place to ensure performance and accountability.
Related Government Programs
- Other Computer Related Services
- Pension Benefit Guaranty Corporation Contracting
- Pension Benefit Guaranty Corporation Programs
Risk Flags
- Potential for vendor lock-in if future procurements are not managed competitively.
- Reliance on a single vendor for critical system operations.
- Risk of scope creep leading to budget overruns.
- Cybersecurity vulnerabilities if maintenance and release processes are not robust.
Tags
other-computer-related-services, pension-benefit-guaranty-corporation, va, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Pension Benefit Guaranty Corporation awarded $15.4 million to CGI FEDERAL INC.. FINANCIAL MANAGEMENT SYSTEM OPERATIONS AND MAINTENANCE AND RELEASES
Who is the contractor on this award?
The obligated recipient is CGI FEDERAL 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 $15.4 million.
What is the period of performance?
Start: 2024-01-01. End: 2025-12-31.
What specific services are included under 'Operations and Maintenance and Releases' for the financial management system?
This typically includes routine system upkeep, software updates, bug fixes, security patching, and the implementation of minor enhancements or new releases. The exact scope would be detailed in the contract's Statement of Work (SOW), outlining specific deliverables and service level agreements (SLAs) to ensure the system's functionality and security.
What are the key performance indicators (KPIs) for this contract, and how is CGI Federal's performance being measured?
Key performance indicators for IT operations and maintenance contracts often include system uptime, response times for issue resolution, patch deployment timeliness, and security compliance rates. The PBGC would be monitoring these KPIs against agreed-upon targets in the contract to ensure CGI Federal is meeting its obligations and delivering reliable service.
How does the $15.4 million cost compare to previous contracts for similar services at PBGC or other agencies?
Without historical data or benchmarks for comparable financial management systems, it's difficult to definitively assess cost-effectiveness. However, the full and open competition award suggests an effort to achieve a competitive price. A detailed cost-benefit analysis comparing this contract's value to industry standards and previous agency spending would be necessary for a thorough evaluation.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Other Computer Related Services
Product/Service Code: IT AND TELECOM - INFORMATION TECHNOLOGY AND TELECOMMUNICATIONS › IT AND TELECOM - APLLICATIONS
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 12601 FAIR LAKES CIR, FAIRFAX, VA, 22033
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Foreign Owned, Foreign-Owned and U.S.-Incorporated Business, Not Designated a Small Business, Special Designations
Financial Breakdown
Contract Ceiling: $20,037,379
Exercised Options: $15,441,571
Current Obligation: $15,441,571
Actual Outlays: $11,912,906
Subaward Activity
Number of Subawards: 18
Total Subaward Amount: $6,440,000
Contract Characteristics
Multi-Year Contract: Yes
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: 16PBGC20D0008
IDV Type: IDC
Timeline
Start Date: 2024-01-01
Current End Date: 2025-12-31
Potential End Date: 2026-12-31 00:00:00
Last Modified: 2025-12-17
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