PBGC renews CyberFeds subscription for $2.5M, ensuring access to federal employment and labor law insights
Contract Overview
Contract Amount: $24,974 ($25.0K)
Contractor: LRP Publications, Inc.
Awarding Agency: Pension Benefit Guaranty Corporation
Start Date: 2026-03-03
End Date: 2027-04-30
Contract Duration: 423 days
Daily Burn Rate: $59/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 1
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: DESCRIPTION: PENSION BENEFIT GUARANTY CORPORATION (PBGC) REQUIRES CONTINUED ACCESS FOR CYBERFEDS WHICH IS AN ONLINE SUBSCRIPTION SERVICE PROVIDING REAL-TIME UPDATES, AUTHORITATIVE ANALYSIS, AND PRACTICAL TOOLS ON FEDERAL EMPLOYMENT AND LABOR RELATION
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20005
Plain-Language Summary
Pension Benefit Guaranty Corporation obligated $24,974 to LRP PUBLICATIONS, INC. for work described as: DESCRIPTION: PENSION BENEFIT GUARANTY CORPORATION (PBGC) REQUIRES CONTINUED ACCESS FOR CYBERFEDS WHICH IS AN ONLINE SUBSCRIPTION SERVICE PROVIDING REAL-TIME UPDATES, AUTHORITATIVE ANALYSIS, AND PRACTICAL TOOLS ON FEDERAL EMPLOYMENT AND LABOR RELATION Key points: 1. Subscription provides critical real-time updates and analysis for federal employment and labor relations. 2. LRP Publications, Inc. is the sole provider of the CyberFeds service. 3. The contract value is $2.5 million over its duration. 4. This is a renewal, indicating continued reliance on the service.
Value Assessment
Rating: fair
The $2.5 million price for a subscription service over approximately 14 months needs careful review. Benchmarking against similar specialized legal/regulatory information services is crucial to determine if the pricing is competitive.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract states 'FULL AND OPEN COMPETITION', suggesting multiple vendors could have bid. However, the nature of specialized subscription services can sometimes limit true competition if only one provider meets specific content needs.
Taxpayer Impact: Taxpayers fund this subscription, which supports PBGC's operations by providing essential legal and HR information.
Public Impact
Ensures PBGC staff have access to up-to-date information on federal employment and labor laws. Supports compliance and risk management by providing authoritative analysis. Facilitates informed decision-making in HR and legal matters. The service is vital for navigating complex federal regulations.
Waste & Efficiency Indicators
Waste Risk Score: 59 / 10
Warning Flags
- Potential for vendor lock-in with specialized subscription services.
- Reliance on a single provider for critical information.
Positive Signals
- Provides essential, up-to-date information.
- Supports compliance and operational efficiency.
Sector Analysis
This contract falls under 'Other Computer Related Services' (NAICS 541519), specifically for an online subscription service. Spending in this category often involves software, data, and information services crucial for agency operations and decision-making.
Small Business Impact
The data does not indicate any specific set-asides for small businesses. Given the specialized nature of the service, it's possible larger, established providers dominate this market.
Oversight & Accountability
The contract is a delivery order under a larger agreement, implying some level of prior vetting. However, ongoing monitoring of usage and value is essential to ensure continued justification for the expenditure.
Related Government Programs
- Other Computer Related Services
- Pension Benefit Guaranty Corporation Contracting
- Pension Benefit Guaranty Corporation Programs
Risk Flags
- Potential for sole-source dependency if no viable alternatives exist.
- Subscription costs can escalate over time.
- Risk of underutilization if not actively managed.
- Information obsolescence if updates are not timely or comprehensive.
Tags
other-computer-related-services, pension-benefit-guaranty-corporation, dc, delivery-order, under-100k
Frequently Asked Questions
What is this federal contract paying for?
Pension Benefit Guaranty Corporation awarded $24,974 to LRP PUBLICATIONS, INC.. DESCRIPTION: PENSION BENEFIT GUARANTY CORPORATION (PBGC) REQUIRES CONTINUED ACCESS FOR CYBERFEDS WHICH IS AN ONLINE SUBSCRIPTION SERVICE PROVIDING REAL-TIME UPDATES, AUTHORITATIVE ANALYSIS, AND PRACTICAL TOOLS ON FEDERAL EMPLOYMENT AND LABOR RELATION
Who is the contractor on this award?
The obligated recipient is LRP PUBLICATIONS, 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 $24,974.
What is the period of performance?
Start: 2026-03-03. End: 2027-04-30.
What is the specific content and scope of CyberFeds, and are there comparable services that offer similar depth and breadth of information?
CyberFeds is an online subscription service offering real-time updates, authoritative analysis, and practical tools focused on federal employment and labor relations law. Its value lies in consolidating complex legal information. A thorough market analysis would be needed to identify if other services provide equivalent coverage or if CyberFeds holds a unique position.
How does PBGC ensure the cost-effectiveness of this subscription renewal, especially given the fixed-price, multi-year commitment?
PBGC should regularly assess the utilization of CyberFeds by its staff and compare its subscription cost against alternative information sources or potential negotiation leverage with LRP Publications. Demonstrating consistent, high-value usage and exploring competitive pricing during renewal negotiations are key to cost-effectiveness.
What mechanisms are in place to evaluate the ongoing effectiveness and necessity of the CyberFeds subscription for PBGC's mission?
PBGC should establish key performance indicators (KPIs) related to the subscription's impact on compliance, efficiency, and decision-making. Regular reviews involving key stakeholders (legal, HR) should assess if the service continues to meet evolving needs and provides tangible benefits justifying its cost.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Other Computer Related Services
Product/Service Code: BOOKS, MAPS, OTHER PUBLICATIONS
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Solicitation ID: 16PBGC26Q0001
Offers Received: 1
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 360 HIATT DR, PALM BEACH GARDENS, FL, 33418
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $137,592
Exercised Options: $24,974
Current Obligation: $24,974
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: 47QTCA20D002P
IDV Type: FSS
Timeline
Start Date: 2026-03-03
Current End Date: 2027-04-30
Potential End Date: 2031-11-01 00:00:00
Last Modified: 2026-04-09
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