SEC Awards $47M IT Management Support Services Contract to Team Greenzone JV LLC
Contract Overview
Contract Amount: $47,167,695 ($47.2M)
Contractor: Team Greenzone JV LLC
Awarding Agency: Securities and Exchange Commission
Start Date: 2020-08-01
End Date: 2026-07-31
Contract Duration: 2,190 days
Daily Burn Rate: $21.5K/day
Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Number of Offers Received: 5
Pricing Type: FIRM FIXED PRICE
Sector: IT
Official Description: OIT MANAGEMENT SUPPORT SERVICES
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20549
Plain-Language Summary
Securities and Exchange Commission obligated $47.2 million to TEAM GREENZONE JV LLC for work described as: OIT MANAGEMENT SUPPORT SERVICES Key points: 1. Contract value of $47.17 million over 5 years. 2. Competition method was 'Full and Open Competition After Exclusion of Sources'. 3. Services are categorized under Computer Systems Design. 4. No small business participation noted.
Value Assessment
Rating: fair
The contract's fixed price structure provides some cost certainty. However, without specific unit cost data or benchmarks for 'Computer Systems Design Services' within the SEC, a precise value assessment is difficult. The total award amount appears substantial for the duration.
Cost Per Unit: N/A
Competition Analysis
Competition Level: limited
The 'Full and Open Competition After Exclusion of Sources' method suggests a limited competition pool, potentially impacting price discovery. While competition occurred, the exclusion of certain sources may have restricted the number of viable bidders.
Taxpayer Impact: Taxpayer funds are utilized for IT management support. The effectiveness of the limited competition in securing the best value for taxpayers is a key consideration.
Public Impact
Ensures continued IT management support for the Securities and Exchange Commission. Supports critical functions of a key financial regulatory body. Potential for innovation and efficiency improvements in IT services.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Limited competition due to source exclusion.
- No explicit small business participation.
- Lack of detailed unit cost data for benchmarking.
Positive Signals
- Firm Fixed Price contract type.
- Long-term contract provides stability.
- Services support a critical government agency.
Sector Analysis
This contract falls under IT services, specifically Computer Systems Design. Spending in this sector can vary widely based on agency needs, complexity of systems, and market competition. Benchmarks are difficult without more granular service definitions.
Small Business Impact
The data indicates no small business participation in this contract. This could be due to the nature of the required services, the size of the contract, or the specific teaming arrangements.
Oversight & Accountability
The SEC is responsible for overseeing this contract. Accountability for performance and adherence to contract terms rests with the agency. The 'Exclusion of Sources' aspect warrants scrutiny to ensure fairness and justification.
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 exclusion.
- Lack of transparency in specific service costs.
- Absence of small business participation.
- Contract duration may outpace rapid technological changes in IT.
Tags
computer-systems-design-services, securities-and-exchange-commission, dc, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Securities and Exchange Commission awarded $47.2 million to TEAM GREENZONE JV LLC. OIT MANAGEMENT SUPPORT SERVICES
Who is the contractor on this award?
The obligated recipient is TEAM GREENZONE JV 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 $47.2 million.
What is the period of performance?
Start: 2020-08-01. End: 2026-07-31.
What specific IT management support services are included, and how do they align with SEC's strategic IT goals?
The contract covers 'Computer Systems Design Services'. A detailed breakdown of specific services is needed to understand their alignment with the SEC's strategic IT goals. This could include system architecture, integration, maintenance, and cybersecurity support, all crucial for a financial regulator.
What was the justification for excluding certain sources in the competition, and did it lead to a competitive disadvantage?
The justification for excluding sources is critical. If exclusions were based on specific capabilities or past performance, it might be valid. However, if arbitrary, it could limit competition and potentially increase costs for taxpayers. A review of the exclusion rationale is necessary.
How will the effectiveness of Team Greenzone JV LLC's performance be measured and ensured throughout the contract period?
Performance will be measured through contract deliverables, key performance indicators (KPIs), and regular reviews by the SEC contracting officer. Ensuring effectiveness involves clear communication, adherence to service level agreements, and proactive issue resolution to maintain optimal IT operations.
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
Offers Received: 5
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 3033 WILSON BLVD STE 761, ARLINGTON, VA, 22201
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: $59,667,695
Exercised Options: $47,167,695
Current Obligation: $47,167,695
Actual Outlays: $46,223,378
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: 50310219D0014
IDV Type: IDC
Timeline
Start Date: 2020-08-01
Current End Date: 2026-07-31
Potential End Date: 2030-07-31 00:00:00
Last Modified: 2025-12-04
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