SEC Awards $23.3M Data Engineering Contract to Invictus JV, LLC for 5 Years
Contract Overview
Contract Amount: $23,321,432 ($23.3M)
Contractor: Invictus JV, LLC
Awarding Agency: Securities and Exchange Commission
Start Date: 2020-10-15
End Date: 2026-10-14
Contract Duration: 2,190 days
Daily Burn Rate: $10.6K/day
Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Number of Offers Received: 7
Pricing Type: LABOR HOURS
Sector: IT
Official Description: DATA ENGINEERING SUPPORT
Place of Performance
Location: RESTON, FAIRFAX County, VIRGINIA, 20191
State: Virginia Government Spending
Plain-Language Summary
Securities and Exchange Commission obligated $23.3 million to INVICTUS JV, LLC for work described as: DATA ENGINEERING SUPPORT Key points: 1. Contract value of $23.3M over 5 years. 2. Invictus JV, LLC is the awardee. 3. Services are Computer Systems Design. 4. Full and open competition was used. 5. Contract type is labor hours.
Value Assessment
Rating: good
The contract value of $23.3M over 5 years averages to approximately $4.66M annually. This appears reasonable for specialized data engineering support, though a direct comparison to similar contracts would provide a more precise assessment.
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. This method generally promotes competitive pricing and ensures the government receives the best value by considering all qualified offerors.
Taxpayer Impact: The competitive nature of the award suggests that taxpayer funds are being used efficiently to secure necessary data engineering services.
Public Impact
Ensures continued data engineering support for the SEC. Supports a specific vendor, Invictus JV, LLC. The duration of the contract impacts long-term IT planning. Competition ensures a market-driven price for services.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Potential for vendor lock-in if not managed.
- Reliance on a single vendor for critical services.
Positive Signals
- Full and open competition utilized.
- Long-term contract provides stability.
- Specific NAICS code indicates specialized service.
Sector Analysis
This contract falls under IT services, specifically Computer Systems Design Services (NAICS 541512). Spending in this sector is substantial across government agencies, with significant variation based on agency size and mission.
Small Business Impact
The awardee is Invictus JV, LLC. Further analysis would be needed to determine if this is a small business or a joint venture with small business participation.
Oversight & Accountability
The Securities and Exchange Commission is responsible for oversight. Contract performance will be monitored to ensure deliverables meet requirements and budget adherence.
Related Government Programs
- Computer Systems Design Services
- Securities and Exchange Commission Contracting
- Securities and Exchange Commission Programs
Risk Flags
- Potential for scope creep.
- Vendor performance risk.
- Dependency on specialized skills.
- Cybersecurity risks associated with data handling.
Tags
computer-systems-design-services, securities-and-exchange-commission, va, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Securities and Exchange Commission awarded $23.3 million to INVICTUS JV, LLC. DATA ENGINEERING SUPPORT
Who is the contractor on this award?
The obligated recipient is INVICTUS 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 $23.3 million.
What is the period of performance?
Start: 2020-10-15. End: 2026-10-14.
What is the specific scope of 'Data Engineering Support' required by the SEC under this contract?
The scope of 'Data Engineering Support' likely encompasses the design, development, implementation, and maintenance of data infrastructure, pipelines, and systems. This could include data warehousing, ETL processes, data modeling, database management, and ensuring data quality and accessibility for SEC's analytical and operational needs.
What are the key performance indicators (KPIs) used to measure the success of this contract?
Key performance indicators would likely focus on system uptime, data processing efficiency, data accuracy, response times for data requests, successful completion of project milestones, and adherence to security protocols. The SEC would establish specific, measurable, achievable, relevant, and time-bound (SMART) KPIs to evaluate Invictus JV's performance.
How does this contract align with the SEC's broader IT modernization strategy?
This contract is crucial for the SEC's IT modernization by providing essential data engineering capabilities. It supports the agency's ability to manage, analyze, and leverage vast amounts of financial data, which is fundamental to its regulatory and enforcement missions. Effective data engineering underpins advanced analytics and AI initiatives.
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: 50310220R0035
Offers Received: 7
Pricing Type: LABOR HOURS (Z)
Evaluated Preference: NONE
Contractor Details
Address: 3926 PENDER DR STE 120, FAIRFAX, VA, 22030
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Limited Liability Corporation, Not Designated a Small Business, Service Disabled Veteran Owned Business, Special Designations, U.S.-Owned Business, Veteran Owned Business
Financial Breakdown
Contract Ceiling: $38,195,999
Exercised Options: $23,365,454
Current Obligation: $23,321,432
Actual Outlays: $19,941,723
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: 50310219D0007
IDV Type: IDC
Timeline
Start Date: 2020-10-15
Current End Date: 2026-10-14
Potential End Date: 2030-10-14 00:00:00
Last Modified: 2025-09-11
Other Securities and Exchange Commission Contracts
- Infrastructure Support Services (ISS) Igf::ot::igf — $461.3M (General Dynamics Information Technology, Inc.)
- Information Systems Testing and Compliance Support Services — $185.5M (Booz Allen Hamilton Inc)
- SEC Enterprise Edgar System Support Services — $159.5M (Maximus Federal Consulting, LLC)
- Reconstructed the Corrupted Fssp Conversion Document — $158.0M (Amentum Services, Inc.)
- FOR Other Functions Operations and Maintenance Support for Software Applications — $150.9M (Maximus Federal Consulting, LLC)