SEC awards $8.77M administrative support contract to C2 Alaska, LLC

Contract Overview

Contract Amount: $8,774,978 ($8.8M)

Contractor: C2 Alaska, LLC

Awarding Agency: Securities and Exchange Commission

Start Date: 2022-06-16

End Date: 2026-12-31

Contract Duration: 1,659 days

Daily Burn Rate: $5.3K/day

Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: ADMINISTRATIVE SUPPORT SERVICES

Place of Performance

Location: SAN ANTONIO, BEXAR County, TEXAS, 78240

State: Texas Government Spending

Plain-Language Summary

Securities and Exchange Commission obligated $8.8 million to C2 ALASKA, LLC for work described as: ADMINISTRATIVE SUPPORT SERVICES Key points: 1. Contract value represents a moderate investment in essential administrative functions. 2. Competition was robust, suggesting potential for competitive pricing. 3. Performance period extends over four years, indicating a need for sustained support. 4. The contract is a delivery order, suggesting it's part of a larger framework agreement. 5. Fixed-price contract type helps mitigate cost overrun risks. 6. The North American Industry Classification System (NAICS) code 541611 points to management consulting services.

Value Assessment

Rating: good

The contract value of $8.77 million over approximately four years appears reasonable for administrative support services. Benchmarking against similar contracts for administrative management and general management consulting services would provide a clearer picture of value for money. The firm fixed-price structure is a positive indicator for cost control. Without specific per-unit data or detailed service breakdowns, a precise value assessment is challenging, but the overall scale seems aligned with agency needs.

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 broad solicitation process. While the exact number of bidders is not provided, this method generally encourages a competitive environment, which can lead to better pricing and service offerings for the government. The exclusion of sources clause suggests specific criteria were met by the selected vendor.

Taxpayer Impact: A competitive bidding process helps ensure taxpayer dollars are used efficiently by driving down costs and encouraging high-quality service delivery.

Public Impact

The Securities and Exchange Commission (SEC) benefits from enhanced administrative support. Services include administrative management and general management consulting. The contract supports operations within the SEC's jurisdiction. Workforce implications are likely related to the contractor's personnel supporting SEC functions.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Lack of specific performance metrics makes it difficult to assess contractor efficiency.
The 'exclusion of sources' clause warrants further investigation into its necessity and impact on competition.
Limited detail on the scope of 'administrative support' could lead to scope creep.

Positive Signals

Firm fixed-price contract type provides cost certainty.
Full and open competition suggests a healthy market response.
Long-term contract duration allows for stable support and potential for relationship building.

Sector Analysis

This contract falls within the professional, scientific, and technical services sector, specifically management consulting. The market for administrative support and management consulting services is vast and highly competitive. The SEC's spending in this area is consistent with the operational needs of large federal agencies requiring specialized support to manage their complex administrative functions efficiently.

Small Business Impact

The data indicates that small business participation was not a primary focus for this specific contract, as the 'small business set-aside' field is false. There is no explicit information on subcontracting plans for small businesses. Further review would be needed to determine if opportunities for small businesses were missed or if they are involved in other capacities not detailed here.

Oversight & Accountability

Oversight for this contract would typically reside within the Securities and Exchange Commission's contracting and program management offices. Accountability is driven by the firm fixed-price terms and performance expectations outlined in the contract. Transparency is facilitated by the contract award data being publicly available, though detailed performance reports may be internal.

Related Government Programs

Administrative Services Contracts
Management and Consulting Services
Federal Agency Support Services

Risk Flags

Potential for scope creep due to broad service description.
Need for detailed performance monitoring to ensure value.
Justification for 'exclusion of sources' requires scrutiny.

Frequently Asked Questions

What is this federal contract paying for?

Securities and Exchange Commission awarded $8.8 million to C2 ALASKA, LLC. ADMINISTRATIVE SUPPORT SERVICES

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 $8.8 million.

What is the period of performance?

Start: 2022-06-16. End: 2026-12-31.

What is the specific breakdown of administrative support services C2 Alaska, LLC is providing under this contract?

The provided data indicates the contract falls under NAICS code 541611, which covers Administrative Management and General Management Consulting Services. However, a detailed breakdown of the specific tasks and deliverables is not included in the summary data. Typically, such services could encompass a wide range of functions including, but not limited to, program management, administrative assistance, human resources support, financial management support, and operational planning. To understand the precise scope, one would need to consult the full contract statement of work (SOW) or task orders issued against this contract. The value of $8.77 million suggests a significant and ongoing need for these professional services over the contract's duration.

How does the awarded amount of $8.77 million compare to historical spending by the SEC on similar administrative support services?

To accurately compare this $8.77 million award to historical SEC spending, a detailed analysis of past contracts for administrative management and general management consulting services (NAICS 541611) awarded by the SEC would be necessary. This would involve identifying contracts with similar scopes of work, durations, and award amounts over the past several fiscal years. Without access to that specific historical data, it's difficult to definitively state whether this award represents an increase, decrease, or stable level of spending. However, the duration of over four years suggests a sustained need and budget allocation for these services.

What are the key performance indicators (KPIs) or metrics used to evaluate C2 Alaska, LLC's performance under this contract?

The provided summary data does not include specific Key Performance Indicators (KPIs) or metrics for evaluating C2 Alaska, LLC's performance. In a firm fixed-price contract, performance is typically measured against the requirements outlined in the Statement of Work (SOW) and any associated Task Orders. Common metrics for administrative support and consulting services might include timeliness of deliverables, accuracy of work, adherence to reporting requirements, client satisfaction, and overall effectiveness in achieving contract objectives. The SEC's contracting officers and program managers would be responsible for monitoring these aspects and ensuring C2 Alaska, LLC meets its contractual obligations.

What is the track record of C2 Alaska, LLC in performing similar federal contracts, particularly for agencies like the SEC?

Information regarding C2 Alaska, LLC's specific track record with federal contracts, especially for agencies like the SEC, is not detailed in the provided summary data. A comprehensive assessment would require reviewing the company's past performance evaluations (e.g., Contractor Performance Assessment Reporting System - CPARS), previous contract awards, and any reported issues or successes. Given that this is a delivery order under a full and open competition, it implies that C2 Alaska, LLC met the qualifications and demonstrated capability to be considered. Further due diligence would involve examining their history with similar NAICS codes and service types.

What are the potential risks associated with this contract, and what mitigation strategies are in place?

Potential risks for this contract include scope creep, contractor underperformance, or issues related to the 'exclusion of sources' clause if not properly justified. Mitigation strategies are inherent in the contract structure: the firm fixed-price nature caps the government's financial exposure, and the full and open competition process aims to select a capable vendor. The SEC's program managers and contracting officers are responsible for ongoing oversight, monitoring performance against the SOW, and addressing any issues promptly. The multi-year duration also allows for relationship management to proactively address potential problems.

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

Pricing Type: FIRM FIXED PRICE (J)

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: $21,089,538

Exercised Options: $8,774,978

Current Obligation: $8,774,978

Actual Outlays: $7,263,228

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: 50310221D0010

IDV Type: IDC

Timeline