SEC's $41.2M EFAP/CAS/CPLIST contract with Integrated Systems, LLC awarded under full and open competition

Contract Overview

Contract Amount: $41,200,873 ($41.2M)

Contractor: Integrated Systems, LLC

Awarding Agency: Securities and Exchange Commission

Start Date: 2020-06-15

End Date: 2026-08-14

Contract Duration: 2,251 days

Daily Burn Rate: $18.3K/day

Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES

Number of Offers Received: 3

Pricing Type: LABOR HOURS

Sector: IT

Official Description: EFAP (ELECTRONIC FILINGS FOR ADMINISTRATIVE PROCEEDINGS), COMMISSION ACTION SYSTEM (CAS) AND CONTRACTOR PERSONNEL LIST (CPLIST)

Place of Performance

Location: VIENNA, FAIRFAX County, VIRGINIA, 22182

State: Virginia Government Spending

Plain-Language Summary

Securities and Exchange Commission obligated $41.2 million to INTEGRATED SYSTEMS, LLC for work described as: EFAP (ELECTRONIC FILINGS FOR ADMINISTRATIVE PROCEEDINGS), COMMISSION ACTION SYSTEM (CAS) AND CONTRACTOR PERSONNEL LIST (CPLIST) Key points: 1. Contract value of $41.2M over 5 years for IT system support. 2. Integrated Systems, LLC is the sole awardee. 3. Competition method is 'Full and Open Competition After Exclusion of Sources'. 4. Sector is IT, specifically Computer Systems Design Services.

Value Assessment

Rating: fair

The contract value of $41.2M for 5 years suggests a significant investment. Benchmarking against similar IT system design contracts is difficult without more granular data on the specific services provided.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under 'Full and Open Competition After Exclusion of Sources', indicating a competitive process but with specific source exclusions. This method aims for competition while potentially limiting the pool of eligible bidders.

Taxpayer Impact: Taxpayer funds are being used for IT system development and maintenance for the SEC. The effectiveness of the competition in securing the best value for taxpayers is a key consideration.

Public Impact

Ensures continued operation and enhancement of critical SEC administrative systems. Supports the SEC's mission by providing necessary technological infrastructure. Potential for improved efficiency in administrative proceedings and data management. Impacts SEC staff and potentially external parties interacting with these systems.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Limited transparency on specific exclusions in 'Full and Open Competition After Exclusion of Sources'.
Potential for vendor lock-in if Integrated Systems, LLC becomes indispensable.
Performance metrics and success criteria are not detailed.

Positive Signals

Awarded under a competitive process, suggesting some level of price discovery.
Long-term contract provides stability for system development and support.
Supports critical SEC functions.

Sector Analysis

This contract falls within the IT sector, specifically Computer Systems Design Services. Spending in this area is substantial across government agencies, supporting everything from basic IT infrastructure to complex mission-critical systems.

Small Business Impact

The contract does not indicate any specific set-asides for small businesses. The prime contractor is Integrated Systems, LLC, and further analysis would be needed to determine their small business status and subcontracting plans.

Oversight & Accountability

Oversight would typically be managed by the SEC's contracting officers and program managers. Ensuring adherence to contract terms, performance standards, and budget is crucial for accountability.

Related Government Programs

Computer Systems Design Services
Securities and Exchange Commission Contracting
Securities and Exchange Commission Programs

Risk Flags

Potential for reduced competition due to source exclusions.
Lack of detailed performance metrics in public data.
Long-term nature of the contract could lead to complacency or price creep if not managed.
No clear indication of small business participation.

Frequently Asked Questions

What is this federal contract paying for?

Securities and Exchange Commission awarded $41.2 million to INTEGRATED SYSTEMS, LLC. EFAP (ELECTRONIC FILINGS FOR ADMINISTRATIVE PROCEEDINGS), COMMISSION ACTION SYSTEM (CAS) AND CONTRACTOR PERSONNEL LIST (CPLIST)

Who is the contractor on this award?

The obligated recipient is INTEGRATED SYSTEMS, 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 $41.2 million.

What is the period of performance?

Start: 2020-06-15. End: 2026-08-14.

What specific IT systems are covered by EFAP, CAS, and CPLIST, and what are their primary functions within the SEC?

EFAP (Electronic Filings for Administrative Proceedings) likely facilitates the digital submission and management of documents for SEC administrative hearings. CAS (Commission Action System) could be a case management or workflow system for tracking SEC enforcement actions or other official proceedings. CPLIST (Contractor Personnel List) might be a system for managing and tracking personnel working on SEC contracts. Together, these systems support the SEC's operational efficiency and regulatory functions.

How does the 'Full and Open Competition After Exclusion of Sources' method impact the potential for cost savings compared to unrestricted full and open competition?

This method allows for competition among all responsible sources, but with specific exclusions. While it aims for broader competition than sole-source or limited competition, the exclusions might reduce the number of potential bidders. This could potentially limit the downward pressure on pricing compared to a scenario where all possible vendors could compete without restriction, though it may be justified by specific technical or security requirements.

What are the key performance indicators (KPIs) and service level agreements (SLAs) in place to measure the effectiveness and value of Integrated Systems, LLC's services?

The provided data does not detail the specific KPIs or SLAs for this contract. Effective oversight would require clearly defined metrics related to system uptime, response times, issue resolution, and user satisfaction. Without these, it is challenging to objectively assess the contractor's performance and the overall value delivered to the SEC and taxpayers.

Industry Classification

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

Product/Service Code: IT AND TELECOM - INFORMATION TECHNOLOGY AND TELECOMMUNICATIONS › ADP AND TELECOMMUNICATIONS

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Solicitation ID: 50310220R0011

Offers Received: 3

Pricing Type: LABOR HOURS (Z)

Evaluated Preference: NONE

Contractor Details

Parent Company: West 4TH Strategy, LLC

Address: 7901 JONES BRANCH DR STE 340, MCLEAN, VA, 22102

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Minority Owned Business, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, Subchapter S Corporation, Indian (Subcontinent) American Owned Business, U.S.-Owned Business, Woman Owned Business, Women Owned Small Business

Financial Breakdown

Contract Ceiling: $90,093,390

Exercised Options: $41,200,873

Current Obligation: $41,200,873

Actual Outlays: $36,797,208

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: 50310219D0006

IDV Type: IDC

Timeline