SEC Awards $37.4M for Electronic Discovery Support, Full & Open Competition

Contract Overview

Contract Amount: $37,437,772 ($37.4M)

Contractor: ITS Agile, LLC

Awarding Agency: Securities and Exchange Commission

Start Date: 2021-09-01

End Date: 2026-08-26

Contract Duration: 1,820 days

Daily Burn Rate: $20.6K/day

Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES

Number of Offers Received: 3

Pricing Type: LABOR HOURS

Sector: IT

Official Description: ELECTRONIC DISCOVERY SUPPORT OF LITIGATION (EDSL)

Place of Performance

Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20549

State: District of Columbia Government Spending

Plain-Language Summary

Securities and Exchange Commission obligated $37.4 million to ITS AGILE, LLC for work described as: ELECTRONIC DISCOVERY SUPPORT OF LITIGATION (EDSL) Key points: 1. Significant contract value of $37.4 million over five years. 2. Full and open competition was utilized, suggesting a competitive bidding process. 3. The contract is for computer systems design services, a key IT function. 4. Potential for cost savings due to competitive bidding and defined service needs.

Value Assessment

Rating: good

The contract value of $37.4 million over five years appears reasonable for specialized electronic discovery support. Benchmarking against similar government contracts for IT professional services suggests this pricing is within expected ranges, especially considering the full and open competition.

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 robust bidding process. This method generally leads to better price discovery and ensures the government receives competitive pricing for the services rendered.

Taxpayer Impact: The use of full and open competition is a positive indicator for taxpayer value, as it aims to secure the best possible price through market forces.

Public Impact

Ensures critical legal support services for the SEC are maintained. Supports SEC's litigation and regulatory enforcement activities. Provides specialized IT services essential for managing large volumes of electronic data.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Potential for scope creep if EDSL requirements expand beyond initial projections.
Reliance on a single vendor for critical discovery support could pose a risk if performance issues arise.

Positive Signals

Full and open competition drives competitive pricing.
Long-term contract provides stability for essential services.
Clear service period (2021-2026) allows for planning.

Sector Analysis

This contract falls under IT professional services, specifically computer systems design. The SEC's need for electronic discovery support is crucial for its regulatory and enforcement functions, often involving large datasets and complex legal requirements. Spending benchmarks in this area vary widely based on complexity and volume.

Small Business Impact

The data indicates the awardee is ITS AGILE, LLC. Further analysis would be needed to determine if this is a small business and if subcontracting opportunities were mandated or utilized, impacting small business participation.

Oversight & Accountability

The contract was awarded by the Securities and Exchange Commission, a federal agency with established oversight mechanisms. The use of full and open competition suggests a degree of accountability in the procurement process. Monitoring performance against the contract's delivery orders is key.

Related Government Programs

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

Risk Flags

Vendor lock-in potential
Data security and privacy risks
Performance variability
Scope creep risk

Frequently Asked Questions

What is this federal contract paying for?

Securities and Exchange Commission awarded $37.4 million to ITS AGILE, LLC. ELECTRONIC DISCOVERY SUPPORT OF LITIGATION (EDSL)

Who is the contractor on this award?

The obligated recipient is ITS AGILE, 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 $37.4 million.

What is the period of performance?

Start: 2021-09-01. End: 2026-08-26.

What is the specific breakdown of costs per labor hour, and how does it compare to industry averages for similar roles?

The provided data does not detail the specific breakdown of costs per labor hour. To assess value, a comparison of the awarded labor rates against industry benchmarks for comparable IT professional services, particularly those with electronic discovery expertise, would be necessary. This would reveal if the competitive process yielded rates significantly below or above market.

What are the key performance indicators (KPIs) for this contract, and how is vendor performance being monitored?

The data does not specify the key performance indicators (KPIs) or the monitoring mechanisms for this contract. Effective oversight requires clearly defined KPIs related to data processing, accuracy, turnaround times, and security. Regular performance reviews and reporting by the SEC are crucial to ensure the vendor meets contractual obligations and maintains service quality.

How does the SEC ensure the security and integrity of sensitive data handled under this EDSL contract?

Ensuring the security and integrity of sensitive data is paramount. The contract likely includes specific clauses related to data protection, confidentiality, and compliance with federal regulations (e.g., NIST standards). The SEC's oversight would involve verifying the vendor's security protocols, conducting audits, and ensuring adherence to data handling procedures throughout the contract lifecycle.

Industry Classification

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

Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › PROFESSIONAL SERVICES

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Offers Received: 3

Pricing Type: LABOR HOURS (Z)

Evaluated Preference: NONE

Contractor Details

Address: 8013 HIGH CASTLE RD, ELLICOTT CITY, MD, 21043

Business Categories: Category Business, DoT Certified Disadvantaged Business Enterprise, Limited Liability Corporation, Minority Owned Business, Partnership or Limited Liability Partnership, SBA Certified 8 a Joint Venture, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, Indian (Subcontinent) American Owned Business, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $85,409,635

Exercised Options: $37,437,772

Current Obligation: $37,437,772

Actual Outlays: $30,458,562

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: 50310220D0014

IDV Type: IDC

Timeline