SEC Awards $2M HR Support Services Contract to Federal Management Partners, LLC

Contract Overview

Contract Amount: $2,026,491 ($2.0M)

Contractor: Federal Management Partners, LLC

Awarding Agency: Securities and Exchange Commission

Start Date: 2025-04-03

End Date: 2026-04-02

Contract Duration: 364 days

Daily Burn Rate: $5.6K/day

Competition Type: FULL AND OPEN COMPETITION

Pricing Type: TIME AND MATERIALS

Sector: IT

Official Description: HR PROFESSIONAL SUPPORT SERVICES

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 $2.0 million to FEDERAL MANAGEMENT PARTNERS, LLC for work described as: HR PROFESSIONAL SUPPORT SERVICES Key points: 1. Contract value is $2.03M over 1 year. 2. Federal Management Partners, LLC is the awardee. 3. Competition was full and open. 4. The NAICS code is 541512 (Computer Systems Design Services).

Value Assessment

Rating: fair

The contract is a Time and Materials type, which can lead to cost overruns if not managed closely. Benchmarking against similar HR professional support services contracts is difficult without more detailed service descriptions.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, suggesting a robust price discovery process. The BPA Call award mechanism is efficient but relies on pre-negotiated terms.

Taxpayer Impact: Taxpayer funds are used for HR professional support services, with the value being $2.03M for a one-year period.

Public Impact

Ensures continued HR support for the SEC. Supports federal agency operations through professional services. Award to a single entity for specialized support.

Waste & Efficiency Indicators

Waste Risk Score: 55 / 10

Warning Flags

Time and Materials pricing can inflate costs.
Limited detail on specific services provided.

Positive Signals

Full and open competition utilized.
Contract supports critical agency functions.

Sector Analysis

This contract falls under professional, scientific, and technical services, specifically IT-related support. Benchmarks for similar HR support services vary widely based on scope and duration.

Small Business Impact

The awardee, Federal Management Partners, LLC, is not indicated as a small business. The contract does not appear to have specific small business set-aside provisions.

Oversight & Accountability

The Securities and Exchange Commission is responsible for oversight. The BPA Call mechanism implies some level of pre-existing oversight on the parent BPA.

Related Government Programs

Computer Systems Design Services
Securities and Exchange Commission Contracting
Securities and Exchange Commission Programs

Risk Flags

NAICS code mismatch.
Time and Materials pricing risk.
Lack of detailed service description.
Awardee not identified as small business.

Frequently Asked Questions

What is this federal contract paying for?

Securities and Exchange Commission awarded $2.0 million to FEDERAL MANAGEMENT PARTNERS, LLC. HR PROFESSIONAL SUPPORT SERVICES

Who is the contractor on this award?

The obligated recipient is FEDERAL MANAGEMENT PARTNERS, 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 $2.0 million.

What is the period of performance?

Start: 2025-04-03. End: 2026-04-02.

What specific HR professional support services are included in this contract, and how do they align with the SEC's strategic goals?

The provided data does not detail the specific HR professional support services. To assess alignment with strategic goals, a breakdown of services such as recruitment, onboarding, benefits administration, or HR policy development would be necessary. Understanding these specifics is crucial for evaluating the contract's true value beyond its dollar amount.

What are the potential risks associated with the Time and Materials pricing structure for this HR support contract?

Time and Materials (T&M) contracts carry inherent risks of cost escalation if not closely monitored. Without clear deliverables and strict oversight, the contractor may incur more hours than anticipated, leading to higher overall costs for the government. This necessitates robust performance metrics and frequent reviews to ensure efficiency and prevent overspending.

How effectively does the 'Computer Systems Design Services' NAICS code represent the HR professional support services being procured?

The NAICS code 541512 (Computer Systems Design Services) seems incongruous with 'HR PROFESSIONAL SUPPORT SERVICES'. While HR functions may utilize IT systems, the primary service appears to be human resources expertise, not system design. This discrepancy raises questions about the accuracy of the classification and potential misrepresentation of the contract's core purpose.

Industry Classification

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

Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › PROFESSIONAL SERVICES

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Pricing Type: TIME AND MATERIALS (Y)

Evaluated Preference: NONE

Contractor Details

Address: 2900 S QUINCY ST STE 200, ARLINGTON, VA, 22206

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Limited Liability Corporation, Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $2,026,491

Exercised Options: $2,026,491

Current Obligation: $2,026,491

Actual Outlays: $1,111,742

Subaward Activity

Number of Subawards: 2

Total Subaward Amount: $1,272,209

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: 50310225A0003

IDV Type: BPA

Timeline