SEC Awards $4.5M for Advance Threat Prevention to FCN, Inc

Contract Overview

Contract Amount: $4,500,403 ($4.5M)

Contractor: FCN, Inc.

Awarding Agency: Securities and Exchange Commission

Start Date: 2022-08-09

End Date: 2026-09-30

Contract Duration: 1,513 days

Daily Burn Rate: $3.0K/day

Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES

Number of Offers Received: 3

Pricing Type: FIRM FIXED PRICE

Sector: IT

Official Description: ADVANCE THREAT PREVENTION

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 $4.5 million to FCN, INC. for work described as: ADVANCE THREAT PREVENTION Key points: 1. Contract awarded for advanced threat prevention services. 2. FCN, Inc. is the prime contractor. 3. The contract has a duration of 1513 days. 4. The total award value is $4,500,403.32. 5. The agency is the Securities and Exchange Commission.

Value Assessment

Rating: good

The award value of $4.5M over approximately 4 years suggests a moderate annual spend. Benchmarking against similar cybersecurity contracts would be needed for a precise pricing assessment.

Cost Per Unit: N/A

Competition Analysis

Competition Level: limited

The contract was awarded under 'FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES', indicating a limited competition approach. This method may impact price discovery compared to unrestricted full and open competition.

Taxpayer Impact: Taxpayer funds are being used for cybersecurity enhancements at the SEC, aiming to protect sensitive financial data.

Public Impact

Enhances the cybersecurity posture of the Securities and Exchange Commission. Protects sensitive financial data and market integrity. Supports the agency's mission to enforce federal securities laws.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Limited competition may not yield the best price.
Contract duration is long, requiring ongoing monitoring.

Positive Signals

Addresses a critical need for advanced threat prevention.
Secures vital government financial data.

Sector Analysis

This contract falls within the IT services sector, specifically focusing on cybersecurity solutions. Spending benchmarks for cybersecurity services vary widely based on scope and agency size.

Small Business Impact

The provided data does not indicate any specific set-asides for small businesses. Further analysis would be required to determine if small businesses were involved as subcontractors.

Oversight & Accountability

The Securities and Exchange Commission is responsible for overseeing this contract. Standard government oversight procedures should be in place to ensure performance and value.

Related Government Programs

Other Computer Related Services
Securities and Exchange Commission Contracting
Securities and Exchange Commission Programs

Risk Flags

Limited competition
Long contract duration
Lack of specific performance metrics in data

Frequently Asked Questions

What is this federal contract paying for?

Securities and Exchange Commission awarded $4.5 million to FCN, INC.. ADVANCE THREAT PREVENTION

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 $4.5 million.

What is the period of performance?

Start: 2022-08-09. End: 2026-09-30.

What specific threat prevention capabilities are included in this contract?

The contract is for 'ADVANCE THREAT PREVENTION'. While the specific capabilities are not detailed here, this typically includes services like intrusion detection and prevention, malware analysis, threat intelligence, and incident response to safeguard against sophisticated cyber threats.

What is the rationale behind the 'exclusion of sources' in the competition?

The rationale for excluding sources is not provided in this data. It could be due to specific technical requirements, prior performance, or other justifications that limited the pool of eligible contractors, leading to a 'limited' competition scenario.

How does this contract contribute to the SEC's overall mission effectiveness?

By securing the SEC's IT infrastructure against advanced cyber threats, this contract directly supports the agency's mission. Protecting sensitive financial data and market systems ensures the integrity of securities markets and investor confidence.

Industry Classification

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

Product/Service Code: IT AND TELECOM - APLLICATIONS

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Solicitation ID: 50310222Q0078

Offers Received: 3

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 2600 TOWER OAKS BLVD STE 575, ROCKVILLE, MD, 20852

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Small Business, Special Designations, U.S.-Owned Business, Woman Owned Business, Women Owned Small Business

Financial Breakdown

Contract Ceiling: $5,152,256

Exercised Options: $4,500,403

Current Obligation: $4,500,403

Actual Outlays: $4,500,403

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: NNG15SC71B

IDV Type: GWAC

Timeline