NRC Awards $4.6M Contract for Audiovisual Support to Immersive Concepts L.L.C

Contract Overview

Contract Amount: $4,596,162 ($4.6M)

Contractor: Immersive Concepts L.L.C.

Awarding Agency: Nuclear Regulatory Commission

Start Date: 2022-01-28

End Date: 2027-01-31

Contract Duration: 1,829 days

Daily Burn Rate: $2.5K/day

Competition Type: NOT AVAILABLE FOR COMPETITION

Number of Offers Received: 1

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: AUDIOVISUAL SUPPORT SERVICES FOR NRC HEADQUARTERS

Place of Performance

Location: ROCKVILLE, MONTGOMERY County, MARYLAND, 20852

State: Maryland Government Spending

Plain-Language Summary

Nuclear Regulatory Commission obligated $4.6 million to IMMERSIVE CONCEPTS L.L.C. for work described as: AUDIOVISUAL SUPPORT SERVICES FOR NRC HEADQUARTERS Key points: 1. Contract value of $4.6M over 5 years. 2. Sole-source award to Immersive Concepts L.L.C. 3. Risk of limited competition and potential overpricing. 4. Services fall under 'Other Computer Related Services' NAICS code.

Value Assessment

Rating: questionable

The contract value of $4.6M for audiovisual support services over five years appears high without competitive bidding. Benchmarking against similar contracts is difficult due to the sole-source nature.

Cost Per Unit: N/A

Competition Analysis

Competition Level: sole-source

This contract was awarded on a sole-source basis, indicating a lack of competition. This limits price discovery and may lead to higher costs for taxpayers.

Taxpayer Impact: The absence of competition raises concerns about whether the government secured the best possible price for these audiovisual services.

Public Impact

Taxpayers may be paying a premium due to the lack of competitive bidding. The NRC relies on a single vendor for critical audiovisual support. Limited transparency into the pricing structure of this sole-source award.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Sole-source award
Lack of competition
Potential for overpricing
Limited transparency

Positive Signals

Definitive contract awarded
Firm fixed price contract type

Sector Analysis

Audiovisual support services are often bundled with IT or general administrative services. The $4.6M contract value for a 5-year period for a single agency headquarters is substantial, especially without competition.

Small Business Impact

The contract was not awarded to a small business. There is no indication of subcontracting opportunities for small businesses in the provided data.

Oversight & Accountability

The sole-source nature of this award warrants scrutiny to ensure the NRC obtained fair value. Further review of the justification for sole-sourcing is recommended.

Related Government Programs

Other Computer Related Services
Nuclear Regulatory Commission Contracting
Nuclear Regulatory Commission Programs

Risk Flags

Sole-source award limits competition.
Potential for inflated pricing.
Lack of transparency in price justification.
Dependency on a single vendor.
No small business participation noted.

Frequently Asked Questions

What is this federal contract paying for?

Nuclear Regulatory Commission awarded $4.6 million to IMMERSIVE CONCEPTS L.L.C.. AUDIOVISUAL SUPPORT SERVICES FOR NRC HEADQUARTERS

Who is the contractor on this award?

The obligated recipient is IMMERSIVE CONCEPTS L.L.C..

Which agency awarded this contract?

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

What is the total obligated amount?

The obligated amount is $4.6 million.

What is the period of performance?

Start: 2022-01-28. End: 2027-01-31.

What is the justification for awarding this contract on a sole-source basis?

The justification for this sole-source award is not provided in the data. Typically, sole-source contracts are justified when only one responsible source can provide the required supplies or services, or in cases of urgent need. Without this information, it's difficult to assess the necessity and fairness of the procurement.

How can the NRC ensure fair pricing without competition?

Even in sole-source situations, the NRC can employ several strategies to ensure fair pricing. This includes conducting thorough market research to establish a price reasonableness benchmark, negotiating aggressively based on that benchmark, and potentially incorporating performance-based incentives. Independent cost estimates can also help validate the proposed price.

What is the potential impact of relying on a single vendor for audiovisual support?

Relying on a single vendor for audiovisual support creates a dependency that can lead to service disruptions if the vendor fails to perform or goes out of business. It also removes the incentive for the vendor to innovate or improve services, as there is no competitive pressure. This can also lead to price increases over time.

Industry Classification

NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Other Computer Related Services

Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › PROFESSIONAL SERVICES

Competition & Pricing

Extent Competed: NOT AVAILABLE FOR COMPETITION

Solicitation Procedures: ONLY ONE SOURCE

Offers Received: 1

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 11750 BELTSVILLE DR STE 120, BELTSVILLE, MD, 20705

Business Categories: 8(a) Program Participant, Black American Owned Business, Category Business, Corporate Entity Not Tax Exempt, DoT Certified Disadvantaged Business Enterprise, HUBZone Firm, Limited Liability Corporation, Minority Owned Business, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $4,756,657

Exercised Options: $4,756,657

Current Obligation: $4,596,162

Actual Outlays: $3,559,709

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Cost or Pricing Data: NO

Timeline