SEC awards $3.8M contract for legal and administrative support to C2 Alaska, LLC under full and open competition

Contract Overview

Contract Amount: $3,847,057 ($3.8M)

Contractor: C2 Alaska, LLC

Awarding Agency: Securities and Exchange Commission

Start Date: 2022-01-01

End Date: 2025-12-31

Contract Duration: 1,460 days

Daily Burn Rate: $2.6K/day

Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES

Pricing Type: LABOR HOURS

Sector: Other

Official Description: CORP FIN PROFESSIONAL SUPPORT SERVICE TASK ORDER - LEGAL AND ADMINISTRATIVE - IPASS 2.0

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 $3.8 million to C2 ALASKA, LLC for work described as: CORP FIN PROFESSIONAL SUPPORT SERVICE TASK ORDER - LEGAL AND ADMINISTRATIVE - IPASS 2.0 Key points: 1. Contract awarded to C2 Alaska, LLC for professional support services. 2. The contract falls under Administrative Management and General Management Consulting Services. 3. Competition was full and open after exclusion of sources. 4. The total value is $3,847,057.19 over a period of 1460 days.

Value Assessment

Rating: fair

The contract value of $3.8M for administrative and legal support appears reasonable for a multi-year engagement. Benchmarking against similar professional services contracts would provide a clearer assessment of value.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded through full and open competition after exclusion of sources, indicating a competitive bidding process. This method generally promotes price discovery and ensures fair market value.

Taxpayer Impact: The competitive nature of the award suggests that taxpayer funds are being used efficiently, with the SEC likely securing services at a competitive rate.

Public Impact

Ensures continued administrative and legal support for the Securities and Exchange Commission. Supports the operational efficiency of a key federal regulatory agency. The contract value contributes to the professional services sector economy.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Lack of specific performance metrics provided.
Potential for scope creep in professional services contracts.
Reliance on a single vendor for critical support functions.

Positive Signals

Awarded through full and open competition.
Clear contract duration and delivery order type.
Supports essential SEC operations.

Sector Analysis

This contract falls within the professional, scientific, and technical services sector, specifically administrative management and general management consulting. Spending in this sector is substantial across the federal government, supporting a wide range of agency functions.

Small Business Impact

The data indicates that neither small business set-aside nor subcontracting goals were specified for this contract, suggesting it was not specifically targeted towards small businesses.

Oversight & Accountability

Oversight will be crucial to ensure C2 Alaska, LLC meets performance expectations and delivers services within budget. The SEC's contracting office is responsible for monitoring contract performance and compliance.

Related Government Programs

Administrative Management and General Management Consulting Services
Securities and Exchange Commission Contracting
Securities and Exchange Commission Programs

Risk Flags

Potential for cost overruns if labor hours exceed estimates.
Dependence on contractor performance for critical support functions.
Limited transparency on specific service deliverables and KPIs.
No explicit small business participation noted.

Frequently Asked Questions

What is this federal contract paying for?

Securities and Exchange Commission awarded $3.8 million to C2 ALASKA, LLC. CORP FIN PROFESSIONAL SUPPORT SERVICE TASK ORDER - LEGAL AND ADMINISTRATIVE - IPASS 2.0

Who is the contractor on this award?

The obligated recipient is C2 ALASKA, 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 $3.8 million.

What is the period of performance?

Start: 2022-01-01. End: 2025-12-31.

What specific administrative and legal services are included in this contract, and how do they align with the SEC's core mission?

The contract specifies 'LEGAL AND ADMINISTRATIVE - IPASS 2.0' services under NAICS code 541611 (Administrative Management and General Management Consulting Services). These likely encompass support functions such as case management, document processing, research, and general administrative assistance crucial for the SEC's regulatory and enforcement activities. The exact scope would be detailed in the task order's statement of work.

What are the key performance indicators (KPIs) for this contract, and how will C2 Alaska, LLC's performance be measured?

The provided data does not specify the Key Performance Indicators (KPIs) or the measurement methods for this contract. Effective contract management requires clearly defined KPIs related to timeliness, accuracy, responsiveness, and quality of services. The SEC's contracting officer and technical monitors are responsible for establishing and tracking these metrics to ensure contractor performance meets requirements.

How does the pricing structure (labor hours) compare to industry benchmarks for similar professional support services?

The contract is priced on a 'LABOR HOURS' basis. Without specific labor categories, rates, and the estimated hours, a direct comparison to industry benchmarks is challenging. However, the total award value of $3.8M over nearly four years suggests a moderate average annual spend. A detailed analysis would require comparing the proposed labor rates against government-wide or agency-specific salary data and consulting firm billing rates.

Industry Classification

NAICS: Professional, Scientific, and Technical Services › Management, Scientific, and Technical Consulting Services › Administrative Management and General Management Consulting 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: TWO STEP

Solicitation ID: CORP FIN TO

Pricing Type: LABOR HOURS (Z)

Evaluated Preference: NONE

Contractor Details

Address: 5253 PRUE RD STE 230, SAN ANTONIO, TX, 78240

Business Categories: 8(a) Program Participant, Alaskan Native Corporation Owned Firm, Category Business, Limited Liability Corporation, Minority Owned Business, Native American Owned Business, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $3,847,057

Exercised Options: $3,847,057

Current Obligation: $3,847,057

Actual Outlays: $3,847,057

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: 50310221D0010

IDV Type: IDC

Timeline