SEC Awards $4.8M IT Cabling & AV Contract to Vision Technologies, LLC

Contract Overview

Contract Amount: $4,830,002 ($4.8M)

Contractor: Vision Technologies, LLC

Awarding Agency: Securities and Exchange Commission

Start Date: 2018-09-05

End Date: 2026-01-18

Contract Duration: 2,692 days

Daily Burn Rate: $1.8K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 1

Pricing Type: TIME AND MATERIALS

Sector: IT

Official Description: COMPREHENSIVE IT CABLING AND AUDIO-VISUAL SOLUTION

Place of Performance

Location: GLEN BURNIE, ANNE ARUNDEL County, MARYLAND, 21061

State: Maryland Government Spending

Plain-Language Summary

Securities and Exchange Commission obligated $4.8 million to VISION TECHNOLOGIES, LLC for work described as: COMPREHENSIVE IT CABLING AND AUDIO-VISUAL SOLUTION Key points: 1. Contract awarded for comprehensive IT cabling and audio-visual solutions. 2. Vision Technologies, LLC is the sole awardee. 3. The contract has a long duration, extending to January 2026. 4. Spending is categorized under Wired Telecommunications Carriers (NAICS 517110).

Value Assessment

Rating: fair

The contract is a Time and Materials type, which can lead to cost overruns if not managed carefully. The total award value is $4.83 million, but the actual spend will depend on hours and materials used over the contract period.

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 specific pricing mechanisms (Time and Materials) warrant close monitoring to ensure fair market value is achieved.

Taxpayer Impact: Taxpayer funds are utilized for IT infrastructure upgrades and maintenance, with the potential for cost variability due to the T&M pricing structure.

Public Impact

Enhances SEC's internal communication and data infrastructure. Supports critical operational needs for the Securities and Exchange Commission. Long-term contract may indicate ongoing requirements for these services. Potential for technology obsolescence over the contract's lifespan.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Time and Materials pricing can lead to cost uncertainty.
Long contract duration increases risk of technology obsolescence.
Limited information on specific performance metrics.

Positive Signals

Awarded under full and open competition.
Addresses essential IT infrastructure needs.
Experienced vendor likely selected.

Sector Analysis

This contract falls under the IT services sector, specifically focusing on telecommunications infrastructure. Spending benchmarks for similar IT cabling and AV projects vary widely based on scope, complexity, and location, but $4.83 million for a comprehensive, multi-year solution is within a plausible range for a federal agency.

Small Business Impact

The contract was awarded to Vision Technologies, LLC, a single entity. There is no explicit indication of small business participation or subcontracting in the provided data. Further investigation would be needed to determine if small businesses were involved.

Oversight & Accountability

The contract's long duration and Time and Materials pricing necessitate robust oversight from the SEC to ensure cost control and adherence to scope. Regular performance reviews and audits are crucial for accountability.

Related Government Programs

Wired Telecommunications Carriers
Securities and Exchange Commission Contracting
Securities and Exchange Commission Programs

Risk Flags

Time and Materials pricing structure.
Long contract duration (until 2026).
Potential for technology obsolescence.
Lack of explicit small business subcontracting information.
Limited detail on performance metrics.

Frequently Asked Questions

What is this federal contract paying for?

Securities and Exchange Commission awarded $4.8 million to VISION TECHNOLOGIES, LLC. COMPREHENSIVE IT CABLING AND AUDIO-VISUAL SOLUTION

Who is the contractor on this award?

The obligated recipient is VISION TECHNOLOGIES, LLC.

Which agency awarded this contract?

Awarding agency: Securities and Exchange Commission (Securities and Exchange Commission).

What is the total obligated amount?

The obligated amount is $4.8 million.

What is the period of performance?

Start: 2018-09-05. End: 2026-01-18.

What specific performance metrics are in place to ensure the quality and efficiency of the IT cabling and AV solutions provided by Vision Technologies, LLC?

The provided data does not detail specific performance metrics. However, for a contract of this nature and duration, the SEC would typically establish Service Level Agreements (SLAs) and Key Performance Indicators (KPIs) related to installation timelines, system uptime, defect rates, and user satisfaction. These would be outlined in the contract's statement of work and monitored through regular performance reviews.

How does the SEC plan to mitigate the risks associated with potential cost overruns inherent in a Time and Materials contract over its extended duration?

Mitigation strategies for T&M contracts often include establishing clear labor rate ceilings, material cost caps, and detailed scopes of work for each task order. The SEC likely employs a dedicated contracting officer's representative (COR) to closely track hours, materials, and progress, approving expenditures only after verification. Regular budget reviews and potential renegotiation clauses could also be employed.

What is the anticipated impact of this contract on the SEC's overall IT infrastructure modernization efforts and its ability to adapt to future technological advancements?

This contract directly supports the modernization of the SEC's IT infrastructure by providing updated cabling and AV systems, which are foundational for advanced communication and data processing. While the long duration poses a risk of obsolescence, the flexibility of T&M pricing might allow for adjustments. The SEC's strategic IT roadmap and potential for contract modifications will determine the long-term adaptability.

Industry Classification

NAICS: Information › Wired and Wireless Telecommunications (except Satellite) › Wired Telecommunications Carriers

Product/Service Code: FIBER OPTIC

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Solicitation ID: 50310218Q0044

Offers Received: 1

Pricing Type: TIME AND MATERIALS (Y)

Evaluated Preference: NONE

Contractor Details

Address: 530 MCCORMICK DR STE G, GLEN BURNIE, MD, 21061

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Service Disabled Veteran Owned Business, Small Business, Special Designations, Subchapter S Corporation, U.S.-Owned Business, Veteran Owned Business

Financial Breakdown

Contract Ceiling: $6,728,431

Exercised Options: $4,830,002

Current Obligation: $4,830,002

Actual Outlays: $4,830,002

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: GS00Q12NSD0011

IDV Type: IDC

Timeline