SEC Awards $2.5M Managed File Transfer Contract to Infotrend Inc. for Computer Systems Design
Contract Overview
Contract Amount: $2,513,019 ($2.5M)
Contractor: Infotrend Incorporated
Awarding Agency: Securities and Exchange Commission
Start Date: 2025-01-01
End Date: 2026-09-30
Contract Duration: 637 days
Daily Burn Rate: $3.9K/day
Competition Type: NOT AVAILABLE FOR COMPETITION
Number of Offers Received: 1
Pricing Type: FIRM FIXED PRICE
Sector: IT
Official Description: MANAGED FILE TRANSFER IMPLEMENTATION, MAINTENANCE, AND SUPPORT
Place of Performance
Location: COLLEGE PARK, PRINCE GEORGES County, MARYLAND, 20742
State: Maryland Government Spending
Plain-Language Summary
Securities and Exchange Commission obligated $2.5 million to INFOTREND INCORPORATED for work described as: MANAGED FILE TRANSFER IMPLEMENTATION, MAINTENANCE, AND SUPPORT Key points: 1. Contract value of $2.51 million for managed file transfer services. 2. Infotrend Incorporated is the sole awardee, raising questions about competition. 3. The contract is for computer systems design services, a common IT need. 4. Risk of overpayment exists due to limited competition.
Value Assessment
Rating: questionable
The contract value of $2.51 million for managed file transfer services is difficult to assess without comparable contract data. The lack of available pricing information for this specific service makes benchmarking challenging.
Cost Per Unit: N/A
Competition Analysis
Competition Level: limited
The contract was not available for competition, indicating a limited source selection. This lack of competition may have impacted price discovery and potentially led to a higher price than if multiple vendors had bid.
Taxpayer Impact: Taxpayers may be impacted by a potentially inflated price due to the absence of competitive bidding.
Public Impact
Ensures secure and efficient data transfer for the Securities and Exchange Commission. Supports critical IT infrastructure for a key financial regulatory body. Potential for increased costs to taxpayers due to limited competition.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Limited competition
- Lack of pricing transparency
Positive Signals
- Essential service for SEC operations
- Definitive contract type
Sector Analysis
This contract falls under Computer Systems Design Services, a segment of the IT sector. Spending in this area is substantial across government, with benchmarks varying widely based on service complexity and duration.
Small Business Impact
There is no indication that small businesses were involved in this contract award. Further analysis would be needed to determine if opportunities were missed.
Oversight & Accountability
The Securities and Exchange Commission is responsible for oversight. The contract type is definitive, suggesting a clear scope, but the limited competition warrants scrutiny.
Related Government Programs
- Computer Systems Design Services
- Securities and Exchange Commission Contracting
- Securities and Exchange Commission Programs
Risk Flags
- Limited competition
- Lack of pricing transparency
- Potential for cost overruns
- No clear small business participation
Tags
computer-systems-design-services, securities-and-exchange-commission, md, definitive-contract, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
Securities and Exchange Commission awarded $2.5 million to INFOTREND INCORPORATED. MANAGED FILE TRANSFER IMPLEMENTATION, MAINTENANCE, AND SUPPORT
Who is the contractor on this award?
The obligated recipient is INFOTREND INCORPORATED.
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 $2.5 million.
What is the period of performance?
Start: 2025-01-01. End: 2026-09-30.
What is the justification for awarding this contract on a limited competition basis?
The provided data states the contract was 'NOT AVAILABLE FOR COMPETITION'. A full justification would typically detail specific circumstances, such as a unique capability, urgent need, or a prior investment that makes another source impractical. Without this detailed justification, it's difficult to fully assess the necessity of limited competition.
How does the $2.51 million price compare to similar managed file transfer solutions in the market?
Benchmarking this contract's price is challenging due to the lack of specific per-unit cost data and the 'not available for competition' status. A thorough price analysis would require comparing the scope of services, duration, and vendor capabilities against publicly available data for similar government or commercial contracts.
What are the potential risks associated with a sole-source or limited competition IT services contract?
The primary risks include paying a premium price due to the lack of competitive pressure, potential for vendor lock-in, and reduced incentive for the vendor to innovate or provide superior service. There's also a risk that the chosen solution may not be the most cost-effective or technically advanced available.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Computer Systems Design Services
Product/Service Code: IT AND TELECOM - INFORMATION TECHNOLOGY AND TELECOMMUNICATIONS › IT AND TELECOM - APLLICATIONS
Competition & Pricing
Extent Competed: NOT AVAILABLE FOR COMPETITION
Solicitation Procedures: ONLY ONE SOURCE
Solicitation ID: 50310225R0002
Offers Received: 1
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 7761 DIAMONDBACK DRIVE, SUITE 02-113, COLLEGE PARK, MD, 20742
Business Categories: 8(a) Program Participant, Category Business, Corporate Entity Not Tax Exempt, DoT Certified Disadvantaged Business Enterprise, Minority Owned Business, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, Indian (Subcontinent) American Owned Business, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $3,620,310
Exercised Options: $2,513,019
Current Obligation: $2,513,019
Actual Outlays: $1,736,526
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Cost or Pricing Data: NO
Timeline
Start Date: 2025-01-01
Current End Date: 2026-09-30
Potential End Date: 2027-09-30 00:00:00
Last Modified: 2026-02-04
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