SEC Awards $9.99M Uniform Contract to VANCE UNIFORMED PROTECT SERV Under Full and Open Competition

Contract Overview

Contract Amount: $9,993,759 ($10.0M)

Contractor: Vance Uniformed Protect Serv

Awarding Agency: Securities and Exchange Commission

Start Date: 1999-11-15

End Date: 2002-08-31

Contract Duration: 1,020 days

Daily Burn Rate: $9.8K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 2

Pricing Type: FIRM FIXED PRICE

Sector: Other

Place of Performance

Location: ALEXANDRIA, FAIRFAX County, VIRGINIA, 22312

State: Virginia Government Spending

Plain-Language Summary

Securities and Exchange Commission obligated $10.0 million to VANCE UNIFORMED PROTECT SERV for work described as: Key points: 1. Contract value of $9.99 million awarded to VANCE UNIFORMED PROTECT SERV. 2. Procurement utilized full and open competition, suggesting a competitive bidding process. 3. The contract duration is 1020 days, ending August 31, 2002. 4. The award was made by the Securities and Exchange Commission (SEC).

Value Assessment

Rating: good

The contract value of $9.99 million for uniform services appears reasonable given the duration and the agency involved. Benchmarking against similar government contracts for uniform supply would provide a more precise assessment.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The use of full and open competition indicates that multiple vendors had the opportunity to bid, which typically drives competitive pricing. The SEC likely received several proposals, allowing for price discovery.

Taxpayer Impact: Taxpayer funds were utilized through a competitive process, aiming for the best value. The specific savings achieved through competition are not detailed but are implied by the method.

Public Impact

Ensures operational readiness for SEC personnel requiring uniforms. Supports a uniform supplier, potentially a small or medium business. Demonstrates government commitment to competitive procurement practices.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Lack of specific performance metrics in provided data.
Potential for price increases in subsequent contract periods.

Positive Signals

Competitive award process.
Clear contract duration and end date.

Sector Analysis

This contract falls under general administrative services, specifically uniform provision. Spending benchmarks for uniform contracts vary widely based on agency size, uniform type, and quantity. The SEC's spending here is moderate for a federal agency.

Small Business Impact

The data does not specify if VANCE UNIFORMED PROTECT SERV is a small business. Full and open competition does not preclude small businesses from bidding, but larger companies may have an advantage.

Oversight & Accountability

The Securities and Exchange Commission is responsible for overseeing this contract. Standard government oversight mechanisms would apply to ensure compliance with terms and conditions.

Related Government Programs

Securities and Exchange Commission Contracting
Securities and Exchange Commission Programs

Risk Flags

Contract awarded to a single vendor.
Limited detail on specific performance requirements.
Potential for vendor lock-in in future procurements.

Frequently Asked Questions

What is this federal contract paying for?

Securities and Exchange Commission awarded $10.0 million to VANCE UNIFORMED PROTECT SERV. See the official description on USAspending.

Who is the contractor on this award?

The obligated recipient is VANCE UNIFORMED PROTECT SERV.

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 $10.0 million.

What is the period of performance?

Start: 1999-11-15. End: 2002-08-31.

What was the total number of bids received for this contract?

The provided data does not specify the total number of bids received. However, the 'FULL AND OPEN COMPETITION' designation suggests that multiple vendors were invited to submit proposals, indicating a competitive environment. Further investigation into the contract file would be needed to ascertain the exact number of bids.

Are there any identified risks associated with the vendor's performance or the contract terms?

The provided data does not explicitly list performance risks. However, potential risks could include vendor delivery delays, quality issues with uniforms, or unforeseen price escalations if the contract terms are not robust. The 'VA' rating of 'good' suggests no major immediate concerns were flagged at the time of award.

How does this contract's value compare to similar uniform procurements by other federal agencies?

Without specific details on the uniform types and quantities, a direct comparison is difficult. However, $9.99 million over approximately 3 years for a federal agency like the SEC is within a plausible range. Benchmarking against contracts for similar-sized agencies or those with comparable uniform needs would provide better context.

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Offers Received: 2

Pricing Type: FIRM FIXED PRICE (J)

Contractor Details

Address: 10467 WHITE GRANITE DR, OAKTON

Business Categories: Category Business, Self-Certified Small Disadvantaged Business, Small Business, Small Disadvantaged Business, Special Designations, U.S.-Owned Business

Timeline