SEC Awards $210K for Cisco Hardware, Regency Consulting Inc. Secures Deal
Contract Overview
Contract Amount: $210,120 ($210.1K)
Contractor: Regency Consulting Inc
Awarding Agency: Securities and Exchange Commission
Start Date: 2026-04-07
End Date: 2026-06-07
Contract Duration: 61 days
Daily Burn Rate: $3.4K/day
Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Number of Offers Received: 9
Pricing Type: FIRM FIXED PRICE
Sector: IT
Official Description: BRAND NAME OR EQUAL CISCO HARDWARE
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20549
Plain-Language Summary
Securities and Exchange Commission obligated $210,120.48 to REGENCY CONSULTING INC for work described as: BRAND NAME OR EQUAL CISCO HARDWARE Key points: 1. Spending focuses on IT hardware, specifically Cisco equipment. 2. Regency Consulting Inc. is the prime contractor. 3. The contract was awarded under full and open competition. 4. The total value is $210,120.48 for a 61-day period. 5. This appears to be a delivery order against a larger contract.
Value Assessment
Rating: fair
The price of $210,120.48 for 61 days of Cisco hardware delivery seems high for a short duration. Benchmarking against similar IT hardware procurements is necessary to assess value.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded using full and open competition after exclusion of sources, indicating a competitive process. This method generally promotes price discovery and potentially better pricing.
Taxpayer Impact: Taxpayer funds are being used for IT hardware procurement. The competitive nature of the award suggests an effort to obtain fair market value, but the overall cost-effectiveness requires further analysis.
Public Impact
Government agencies rely on IT hardware for daily operations. Procurement of specific brands like Cisco can impact market competition. Timely delivery of essential hardware is crucial for agency functions. Contract awards are publicly available, promoting transparency.
Waste & Efficiency Indicators
Waste Risk Score: 34 / 10
Warning Flags
- High unit cost potential for specialized hardware.
- Short contract duration may indicate urgent need or limited scope.
- Reliance on a specific brand (Cisco) could limit future flexibility.
Positive Signals
- Awarded under full and open competition.
- Clear delivery dates and contract end.
- Fixed price contract type.
Sector Analysis
This contract falls under IT services, specifically hardware procurement. Benchmarks for similar Cisco hardware acquisitions by federal agencies would be relevant for cost comparison.
Small Business Impact
No specific small business set-aside was indicated for this contract. The prime contractor, Regency Consulting Inc., is not identified as a small business in the provided data.
Oversight & Accountability
The Securities and Exchange Commission is responsible for overseeing this contract. Standard procurement regulations and oversight mechanisms should apply to ensure compliance and accountability.
Related Government Programs
- Other Computer Related Services
- Securities and Exchange Commission Contracting
- Securities and Exchange Commission Programs
Risk Flags
- Potential for high unit cost.
- Short duration may indicate a temporary solution or urgent need.
- Brand-specific procurement can limit future options.
- Lack of detailed hardware specifications hinders value assessment.
Tags
other-computer-related-services, securities-and-exchange-commission, dc, delivery-order, 100k-plus
Frequently Asked Questions
What is this federal contract paying for?
Securities and Exchange Commission awarded $210,120.48 to REGENCY CONSULTING INC. BRAND NAME OR EQUAL CISCO HARDWARE
Who is the contractor on this award?
The obligated recipient is REGENCY CONSULTING 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 $210,120.48.
What is the period of performance?
Start: 2026-04-07. End: 2026-06-07.
What is the specific Cisco hardware being procured, and how does its price compare to market rates for similar equipment?
The provided data does not specify the exact Cisco hardware model or quantity. A detailed breakdown is needed to compare unit costs against industry benchmarks and determine if the $210,120.48 price represents fair value for the equipment and the 61-day delivery period.
What were the reasons for excluding other sources initially, and did this exclusion impact the final pricing?
The data states 'FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES,' implying an initial restriction followed by a broader competition. Understanding the initial exclusion's justification is key to assessing if it led to a less competitive environment or influenced the final price achieved.
How does the cost of this hardware procurement align with the SEC's overall IT budget and spending trends for similar equipment?
Without access to the SEC's IT budget and historical spending data on hardware, it's difficult to assess alignment. Comparing this $210K award to the agency's typical annual IT hardware expenditure would provide context on its significance and potential impact on overall budget adherence.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Other Computer Related Services
Product/Service Code: IT AND TELECOM - IT MANAGEMENT
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Solicitation ID: 50310226Q0129
Offers Received: 9
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 508 PIERCE ST, SIOUX CITY, IA, 51101
Business Categories: American Indian Owned Business, Category Business, Corporate Entity Not Tax Exempt, HUBZone Firm, Minority Owned Business, Native American Owned Business, Self-Certified Small Disadvantaged Business, Service Disabled Veteran Owned Business, Small Business, Special Designations, Subchapter S Corporation, U.S.-Owned Business, Veteran Owned Business
Financial Breakdown
Contract Ceiling: $210,120
Exercised Options: $210,120
Current Obligation: $210,120
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: NNG15SD07B
IDV Type: GWAC
Timeline
Start Date: 2026-04-07
Current End Date: 2026-06-07
Potential End Date: 2026-06-07 00:00:00
Last Modified: 2026-04-07
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