SEC Renews SAS Licenses for $11.3M, Extending Support Through 2026
Contract Overview
Contract Amount: $11,290,256 ($11.3M)
Contractor: Executive Information Systems, L.L.C.
Awarding Agency: Securities and Exchange Commission
Start Date: 2019-09-15
End Date: 2026-12-30
Contract Duration: 2,663 days
Daily Burn Rate: $4.2K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 1
Pricing Type: FIRM FIXED PRICE
Sector: IT
Official Description: SAS ANNUAL LICENSES RENEWALS AND CUSTOMER CARE
Place of Performance
Location: BETHESDA, MONTGOMERY County, MARYLAND, 20827
State: Maryland Government Spending
Plain-Language Summary
Securities and Exchange Commission obligated $11.3 million to EXECUTIVE INFORMATION SYSTEMS, L.L.C. for work described as: SAS ANNUAL LICENSES RENEWALS AND CUSTOMER CARE Key points: 1. Spending on SAS licenses and customer care totals $11.3M. 2. The contract is with EXECUTIVE INFORMATION SYSTEMS, L.L.C. 3. This renewal represents a significant investment in data analytics capabilities. 4. The contract duration is over 7 years, ending in December 2026.
Value Assessment
Rating: fair
The total value of $11.3M over nearly 7.5 years suggests an average annual cost of approximately $1.5M. Benchmarking this against similar enterprise software license renewals requires detailed knowledge of SAS pricing models and the specific modules licensed.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, indicating that multiple vendors had the opportunity to bid. This method is generally expected to yield competitive pricing, though the specific price discovery mechanism for renewals can vary.
Taxpayer Impact: Taxpayers are funding this renewal, which supports the SEC's operational needs for data analysis and reporting.
Public Impact
Ensures continued access to critical data analytics tools for the SEC. Supports regulatory functions and financial oversight. Potential for cost savings if competitive bidding drove down prices compared to previous agreements.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Long contract duration may limit flexibility for future technology adoption.
- Reliance on a single vendor for critical software can pose risks.
- Annual cost of $1.5M requires justification against alternative solutions.
Positive Signals
- Full and open competition promotes fair pricing.
- Ensures continuity of essential services.
- Fixed-price contract provides budget certainty.
Sector Analysis
This contract falls within the IT services sector, specifically related to software licensing and support. Spending on enterprise software renewals can be substantial, and benchmarks vary widely based on software type, vendor, and user base.
Small Business Impact
The contract was awarded to EXECUTIVE INFORMATION SYSTEMS, L.L.C., which is not explicitly identified as a small business in the provided data. Further analysis would be needed to determine if small business participation was incorporated or if subcontracting opportunities were made available.
Oversight & Accountability
The Securities and Exchange Commission is responsible for overseeing this contract. Standard procurement regulations and oversight mechanisms should be in place to ensure proper execution and value for money.
Related Government Programs
- Other Computer Related Services
- Securities and Exchange Commission Contracting
- Securities and Exchange Commission Programs
Risk Flags
- Long-term commitment to a single software vendor.
- Potential for vendor lock-in.
- Cost of enterprise software renewals can be high.
- Need to ensure continued alignment with evolving technological needs.
Tags
other-computer-related-services, securities-and-exchange-commission, md, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Securities and Exchange Commission awarded $11.3 million to EXECUTIVE INFORMATION SYSTEMS, L.L.C.. SAS ANNUAL LICENSES RENEWALS AND CUSTOMER CARE
Who is the contractor on this award?
The obligated recipient is EXECUTIVE INFORMATION SYSTEMS, L.L.C..
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 $11.3 million.
What is the period of performance?
Start: 2019-09-15. End: 2026-12-30.
What specific SAS modules and user counts are covered by this renewal, and how do they align with the SEC's current and projected analytical needs?
The provided data does not specify the exact SAS modules or the number of users included in the renewal. Understanding these details is crucial for assessing the value proposition. It would allow for a comparison against industry standards for similar software suites and user bases, helping to determine if the $11.3M expenditure is justified by the scope of services and the criticality of the tools to the SEC's mission.
What was the competitive landscape during the bidding process, and were there any incumbent advantages that might have influenced pricing?
While the contract states 'full and open competition,' the nature of enterprise software renewals often involves incumbent advantages, such as familiarity and integration. Investigating the number of bids received, the technical proposals submitted, and any price concessions offered by the incumbent would provide insight into the effectiveness of the competition in driving down costs and ensuring the best value for the government.
How does the total cost of ownership for this SAS renewal compare to potential investments in alternative data analytics platforms or open-source solutions?
The $11.3M renewal represents a significant, long-term commitment. A comprehensive analysis should compare this cost against the total cost of ownership for alternative solutions, including licensing, implementation, training, and ongoing maintenance for different platforms. Evaluating open-source options, if feasible for the SEC's specific requirements, could reveal substantial cost savings and greater flexibility.
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 › ADP AND TELECOMMUNICATIONS
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Solicitation ID: 50310219Q0139
Offers Received: 1
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 6903 ROCKLEDGE DR STE 760, BETHESDA, MD, 20817
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Limited Liability Corporation, Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $15,540,679
Exercised Options: $11,290,256
Current Obligation: $11,290,256
Actual Outlays: $11,263,825
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: 47QTCA18D0081
IDV Type: FSS
Timeline
Start Date: 2019-09-15
Current End Date: 2026-12-30
Potential End Date: 2028-12-30 00:00:00
Last Modified: 2026-02-24
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