NRC Awards $5M+ for Budget Formulation System Support to Huron Consulting Services LLC

Contract Overview

Contract Amount: $5,033,755 ($5.0M)

Contractor: Huron Consulting Services LLC

Awarding Agency: Nuclear Regulatory Commission

Start Date: 2021-08-23

End Date: 2026-04-30

Contract Duration: 1,711 days

Daily Burn Rate: $2.9K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 2

Pricing Type: FIRM FIXED PRICE

Sector: IT

Official Description: BUDGET FORMULATION SYSTEM (BFS) OPERATIONS, MAINTENANCE AND ENHANCEMENT CONTRACTOR SUPPORT

Place of Performance

Location: ROCKVILLE, MONTGOMERY County, MARYLAND, 20852

State: Maryland Government Spending

Plain-Language Summary

Nuclear Regulatory Commission obligated $5.0 million to HURON CONSULTING SERVICES LLC for work described as: BUDGET FORMULATION SYSTEM (BFS) OPERATIONS, MAINTENANCE AND ENHANCEMENT CONTRACTOR SUPPORT Key points: 1. Contract awarded for essential IT system operations and enhancements. 2. Huron Consulting Services LLC is the incumbent contractor. 3. Spending is moderate for custom computer programming services. 4. Potential for increased costs if enhancements are extensive.

Value Assessment

Rating: good

The contract value of $5.03M over approximately 3.5 years appears reasonable for specialized IT support. Benchmarking against similar custom programming contracts is difficult without more specific scope details, but the firm-fixed-price structure suggests cost control.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, indicating a competitive bidding process. This method generally promotes price discovery and ensures the government receives competitive pricing.

Taxpayer Impact: Taxpayer funds are being used efficiently through a competitive process for critical IT infrastructure support.

Public Impact

Ensures continued operation of a key system for budget formulation. Supports the Nuclear Regulatory Commission's mission-critical functions. Provides specialized IT expertise for system maintenance and upgrades.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Potential for scope creep in enhancement tasks.
Reliance on a single contractor for ongoing support.

Positive Signals

Firm-fixed-price contract limits cost overruns.
Full and open competition ensures market-driven pricing.

Sector Analysis

This contract falls under IT services, specifically custom computer programming. Spending benchmarks for this sector vary widely based on complexity and duration, but $5M for a multi-year support contract is within a typical range for specialized government IT needs.

Small Business Impact

The contractor, Huron Consulting Services LLC, is not identified as a small business. There is no indication that small business participation was a requirement or a factor in this award.

Oversight & Accountability

The contract is managed by the Nuclear Regulatory Commission. Oversight would involve monitoring performance, adherence to scope, and financial expenditures to ensure value and accountability.

Related Government Programs

Custom Computer Programming Services
Nuclear Regulatory Commission Contracting
Nuclear Regulatory Commission Programs

Risk Flags

Contract duration is substantial (over 3 years).
Enhancement scope may be subject to change.
Incumbent contractor may have a competitive advantage in future procurements.
System criticality requires high performance standards.

Frequently Asked Questions

What is this federal contract paying for?

Nuclear Regulatory Commission awarded $5.0 million to HURON CONSULTING SERVICES LLC. BUDGET FORMULATION SYSTEM (BFS) OPERATIONS, MAINTENANCE AND ENHANCEMENT CONTRACTOR SUPPORT

Who is the contractor on this award?

The obligated recipient is HURON CONSULTING SERVICES LLC.

Which agency awarded this contract?

Awarding agency: Nuclear Regulatory Commission (Nuclear Regulatory Commission).

What is the total obligated amount?

The obligated amount is $5.0 million.

What is the period of performance?

Start: 2021-08-23. End: 2026-04-30.

What is the projected return on investment for the enhancements to the Budget Formulation System?

The return on investment for enhancements is not explicitly detailed in the provided data. However, the primary goal is likely to improve efficiency, accuracy, and potentially reduce long-term operational costs of the budget formulation process. Quantifying ROI would require metrics on time saved, error reduction, or improved decision-making enabled by the system.

What are the key risks associated with the contractor's performance in maintaining and enhancing the BFS?

Key risks include potential delays in enhancement delivery, performance issues impacting system availability or functionality, and the possibility of the contractor not meeting specific technical requirements. Given the system's criticality, any disruption could impact the NRC's operational capabilities. Mitigation strategies would involve robust contract management and performance monitoring.

How effectively does this contract support the NRC's core mission objectives?

This contract is crucial for supporting the NRC's mission by ensuring the reliable operation and modernization of its Budget Formulation System. An efficient and accurate budgeting process is fundamental to resource allocation, planning, and ultimately, the effective execution of the NRC's regulatory and safety oversight responsibilities.

Industry Classification

NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Custom Computer Programming 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: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Solicitation ID: 31310021Q0021

Offers Received: 2

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Parent Company: Huron Consulting Group Holdings LLC

Address: 550 W VAN BUREN ST, CHICAGO, IL, 60607

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Limited Liability Corporation, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $5,433,114

Exercised Options: $5,433,114

Current Obligation: $5,033,755

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: GS35F291CA

IDV Type: FSS

Timeline