SEC awards $415,871 contract for Thales eSecurity products to FCN, Inc
Contract Overview
Contract Amount: $415,872 ($415.9K)
Contractor: FCN, Inc.
Awarding Agency: Securities and Exchange Commission
Start Date: 2021-08-23
End Date: 2027-09-28
Contract Duration: 2,227 days
Daily Burn Rate: $187/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 3
Pricing Type: FIRM FIXED PRICE
Sector: IT
Official Description: THALES ESECURITY PRODUCTS
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20549
Plain-Language Summary
Securities and Exchange Commission obligated $415,871.58 to FCN, INC. for work described as: THALES ESECURITY PRODUCTS Key points: 1. Contract awarded to FCN, Inc. for Thales eSecurity products. 2. The agency is the Securities and Exchange Commission (SEC). 3. Spending is categorized under 'Other Computer Related Services'. 4. The contract has a duration of 2227 days.
Value Assessment
Rating: fair
The contract value of $415,871.58 over approximately 6 years suggests a moderate annual spend. Benchmarking against similar IT hardware and software contracts would be necessary to fully assess pricing.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, indicating a competitive bidding process. This method generally promotes price discovery and potentially better pricing for the government.
Taxpayer Impact: The competitive award process aims to ensure taxpayer funds are used efficiently for necessary IT security products.
Public Impact
Ensures the SEC has necessary cybersecurity tools. Supports the agency's mission to protect investors and markets. Potential for data security breaches if products are inadequate.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of specific product details
- Long contract duration could lead to technology obsolescence
Positive Signals
- Full and open competition
- Firm fixed price contract
Sector Analysis
This contract falls under IT services, specifically related to computer hardware and software for security purposes. Benchmarks for similar IT procurements vary widely based on product type and volume.
Small Business Impact
The data does not indicate if small businesses were involved in this procurement, either as prime contractors or subcontractors. Further analysis would be needed to determine small business participation.
Oversight & Accountability
The Securities and Exchange Commission is responsible for overseeing this contract. Standard government procurement oversight processes should apply to ensure compliance and performance.
Related Government Programs
- Other Computer Related Services
- Securities and Exchange Commission Contracting
- Securities and Exchange Commission Programs
Risk Flags
- Potential for technology obsolescence due to long contract duration.
- Lack of specific product details hinders in-depth value assessment.
- No clear indication of small business participation.
- Need for detailed performance metrics and SLAs.
Tags
other-computer-related-services, securities-and-exchange-commission, dc, delivery-order, 100k-plus
Frequently Asked Questions
What is this federal contract paying for?
Securities and Exchange Commission awarded $415,871.58 to FCN, INC.. THALES ESECURITY PRODUCTS
Who is the contractor on this award?
The obligated recipient is FCN, INC..
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 $415,871.58.
What is the period of performance?
Start: 2021-08-23. End: 2027-09-28.
What specific Thales eSecurity products are being procured and what is their criticality to SEC operations?
The specific Thales eSecurity products are not detailed in the provided data. Understanding the exact nature of these products (e.g., encryption hardware, key management software) is crucial to assessing their criticality. This information would allow for a better evaluation of the necessity and potential impact of this spending on the SEC's core mission of market regulation and investor protection.
How does the per-unit cost of these Thales eSecurity products compare to market rates for similar solutions?
Without specific product details and quantities, a direct per-unit cost comparison is not feasible. However, given the contract is under full and open competition, it suggests that the pricing achieved should be competitive. A detailed review of the awarded pricing against industry benchmarks for comparable cybersecurity solutions would be the next step in assessing value for money.
What are the performance metrics and service level agreements associated with this contract to ensure effectiveness?
The provided data does not specify performance metrics or service level agreements (SLAs). For a contract of this duration and value, clear SLAs are essential to ensure the delivered Thales eSecurity products function as intended and meet the SEC's operational requirements. Post-award monitoring by the SEC would be critical to track performance against any established metrics.
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 › IT AND TELECOM - APLLICATIONS
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Offers Received: 3
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 12501 ARDENNES AVE STE 101, ROCKVILLE, MD, 20852
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Manufacturer of Goods, Small Business, Special Designations, U.S.-Owned Business, Woman Owned Business, Women Owned Small Business
Financial Breakdown
Contract Ceiling: $575,556
Exercised Options: $415,872
Current Obligation: $415,872
Actual Outlays: $364,395
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: 50310221G0006
IDV Type: BOA
Timeline
Start Date: 2021-08-23
Current End Date: 2027-09-28
Potential End Date: 2031-09-28 00:00:00
Last Modified: 2026-04-09
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