SEC awards $121.9M contract to Northrop Grumman for unspecified services, highlighting full and open competition
Contract Overview
Contract Amount: $121,879,591 ($121.9M)
Contractor: Northrop Grumman Systems Corporation
Awarding Agency: Securities and Exchange Commission
Start Date: 2002-10-15
End Date: 2007-05-31
Contract Duration: 1,689 days
Daily Burn Rate: $72.2K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 1
Pricing Type: FIRM FIXED PRICE
Sector: Other
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20549
Plain-Language Summary
Securities and Exchange Commission obligated $121.9 million to NORTHROP GRUMMAN SYSTEMS CORPORATION for work described as: Key points: 1. Contract Value: $121.9 million over approximately 4.7 years. 2. Competition: Awarded under full and open competition, suggesting a competitive bidding process. 3. Risk: Potential risks include performance issues or cost overruns, though not explicitly detailed. 4. Sector: Services likely related to government operations or IT, given the agency.
Value Assessment
Rating: fair
The contract value of $121.9 million is substantial. Without specific service details or benchmarks, assessing its value relative to similar contracts is difficult. The firm fixed-price structure aims to control costs.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, indicating that multiple bidders were likely considered. This method generally promotes price discovery and competitive pricing.
Taxpayer Impact: The use of full and open competition suggests an effort to secure the best value for taxpayers, although the specific services impact the overall benefit.
Public Impact
Public access to information about the specific services rendered under this contract is limited, impacting transparency. The substantial value of the contract warrants scrutiny to ensure efficient use of public funds. The duration of the contract (nearly 5 years) suggests a long-term need for the services provided.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of specific service details hinders comprehensive analysis.
- Potential for cost overruns despite fixed-price contract if scope changes.
- Limited information on performance metrics and outcomes.
Positive Signals
- Awarded through full and open competition.
- Firm fixed-price contract type helps manage cost certainty.
- Contract awarded to a well-established entity (Northrop Grumman).
Sector Analysis
The contract falls under general government services, potentially IT or administrative support, typical for agencies like the SEC. Benchmarks for such broad service contracts vary widely based on scope and duration.
Small Business Impact
The data does not indicate any specific provisions or set-asides for small businesses in this contract award.
Oversight & Accountability
Oversight by the Securities and Exchange Commission is expected, but the effectiveness of this oversight depends on internal processes and reporting requirements not detailed here.
Related Government Programs
- Securities and Exchange Commission Contracting
- Securities and Exchange Commission Programs
Risk Flags
- Lack of transparency regarding specific services.
- Potential for scope creep impacting fixed-price certainty.
- Limited insight into performance monitoring and evaluation.
- Absence of small business participation data.
Tags
securities-and-exchange-commission, dc, do, 100m-plus
Frequently Asked Questions
What is this federal contract paying for?
Securities and Exchange Commission awarded $121.9 million to NORTHROP GRUMMAN SYSTEMS CORPORATION. See the official description on USAspending.
Who is the contractor on this award?
The obligated recipient is NORTHROP GRUMMAN SYSTEMS CORPORATION.
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 $121.9 million.
What is the period of performance?
Start: 2002-10-15. End: 2007-05-31.
What specific services were procured under this $121.9 million contract, and how do they align with the SEC's mission?
The specific services procured are not detailed in the provided data. Understanding the nature of these services is crucial for assessing their necessity and alignment with the SEC's regulatory and enforcement functions. Without this information, it's impossible to determine if the expenditure directly supports the agency's core mission or represents a supplementary need.
Given the full and open competition, what was the range of bids received, and how did Northrop Grumman's proposal stand out?
The provided data confirms 'FULL AND OPEN COMPETITION' but does not include details on the number of bids received or the pricing structure of competing offers. To fully assess the value and competitive nature, information on the bid range and the specific factors that led to Northrop Grumman's selection would be necessary. This would clarify the effectiveness of the competition in driving down costs.
What performance metrics and deliverables were established for this contract, and how was performance monitored?
Performance metrics and monitoring mechanisms are not specified in the provided contract data. For a contract of this magnitude and duration, clear performance standards and regular oversight are essential to ensure the government receives the intended value and that services are delivered effectively. The absence of this information raises questions about accountability and the ability to measure success.
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Offers Received: 1
Pricing Type: FIRM FIXED PRICE (J)
Contractor Details
Parent Company: Northrop Grumman Corporation (UEI: 967356127)
Address: 7575 COLSHIRE DR, MCLEAN, VA, 90
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business
Financial Breakdown
Contract Ceiling: $121,879,591
Exercised Options: $121,879,591
Current Obligation: $121,879,591
Parent Contract
Parent Award PIID: EDGAR22001
IDV Type: IDC
Timeline
Start Date: 2002-10-15
Current End Date: 2007-05-31
Potential End Date: 2007-05-31 00:00:00
Last Modified: 2012-09-12
More Contracts from Northrop Grumman Systems Corporation
- 200506!000026!5700!fa8214!oo-Alc/Pkme/Lmke !F4261098C0001 !A!N! !Y! !p01502!20041213!20050701!001563738!004179453!016435559!n!northrop Grumman Space & Missi!888 S 2000 E !clearfield !ut!84015!13850!011!49!clearfield !davis !utah !-000001960000!n!n!000000000000!l014!tech REP Svcs/Guided Missiles !A2 !missile and Space Systems !302 !minuteman III GRP !541330!E! !3! ! !C! ! !20200930!B! ! !A! !a!n!l!2!002!b! !Z!Y!Z! ! !N!C!N! ! ! !a!a!a!a!000!a!c!n! ! ! ! ! ! !0001! ! — $10.0B (Department of Defense)
- E-2D Advanced Hawkeye Aircraft (FRP-7) — $8.5B (Department of Defense)
- E-2D Advanced Hawkeye Aircraft (FRP-2) — $5.4B (Department of Defense)
- First DDT and E, Ares I-X, and Flight Tests. First Stage Will BE a Five Segment, Solid Rocket Booster Derived From the Space Shuttle Program (SSP) Solid Rocket Booster (srb)/Reusable Solid Rocket Motor (rsrm). the Contractor Shall Furnish the Necessary Management, Engineering, Labor, Facilities, Tools, Equipment, and Materials Required for First Stage Development, Qualification, Certification and Acceptance Program. Activities Include: Redesign and Testing of the Motor to Incorporate the Fifth Segment and Production of Five Full Scale Ground Static Test Motors: TWO Development Motors (dms)-And Three Qualification Motors (QMS); Structural Test Article (STA), Ground Vibration Test Motors (gvtms) and Other Development Testing; Redesign of the Avionics, Deceleration, Separation, and Flight Termination System (FTS) Subsystems; Ares I-X: Simulated Ares I Outer Mold Line/Mass Properties Using Modified Srb/Rsrm; and Three Flight Test Vehicles. TAS::80 0124::TAS — $4.4B (National Aeronautics and Space Administration)
- Federal Contract — $4.4B (Department of Defense)
View all Northrop Grumman Systems Corporation federal contracts →
Other Securities and Exchange Commission Contracts
- Infrastructure Support Services (ISS) Igf::ot::igf — $461.3M (General Dynamics Information Technology, Inc.)
- Information Systems Testing and Compliance Support Services — $185.5M (Booz Allen Hamilton Inc)
- SEC Enterprise Edgar System Support Services — $159.5M (Maximus Federal Consulting, LLC)
- Reconstructed the Corrupted Fssp Conversion Document — $158.0M (Amentum Services, Inc.)
- FOR Other Functions Operations and Maintenance Support for Software Applications — $150.9M (Maximus Federal Consulting, LLC)