DFC Awards $378K Contract for Asset Management Services to Keith Buck

Contract Overview

Contract Amount: $378,782 ($378.8K)

Contractor: Keith Buck

Awarding Agency: U.S. International Development Finance Corporation

Start Date: 2024-10-14

End Date: 2026-10-14

Contract Duration: 730 days

Daily Burn Rate: $519/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 3

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: ASSET MANAGER PSC FOR OA. THE SAM.GOV REGISTRATION FOR ALL CONTRACTS MUST BE COMPLETED WITHIN 90 DAYS OF AWARD TO CONTINUE PAYMENT.

Place of Performance

Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20527

State: District of Columbia Government Spending

Plain-Language Summary

U.S. International Development Finance Corporation obligated $378,781.75 to KEITH BUCK for work described as: ASSET MANAGER PSC FOR OA. THE SAM.GOV REGISTRATION FOR ALL CONTRACTS MUST BE COMPLETED WITHIN 90 DAYS OF AWARD TO CONTINUE PAYMENT. Key points: 1. Contract awarded to an individual, raising questions about organizational capacity. 2. Full and open competition was used, suggesting a potentially competitive process. 3. The contract is for administrative and management consulting services. 4. The contract duration is 730 days, with a fixed price.

Value Assessment

Rating: questionable

The contract value of $378,781.75 over two years for asset management services appears high for an individual consultant. Benchmarking against similar contracts for management consulting services is needed to assess value.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, which is a positive sign for price discovery. However, awarding to an individual may limit the pool of qualified bidders.

Taxpayer Impact: Taxpayer funds are being used for consulting services. The value and necessity of these services will determine the ultimate taxpayer impact.

Public Impact

Potential for inefficient service delivery if the individual lacks sufficient resources or expertise. Lack of transparency regarding the specific deliverables and performance metrics. Risk of overpayment if the services provided do not justify the cost.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Award to an individual
Lack of organizational details for the awardee
Potential for sole-source if competition was not robust

Positive Signals

Full and open competition utilized
Fixed-price contract can control costs

Sector Analysis

This contract falls under administrative management and general management consulting services. Spending in this sector can vary widely, but contracts for individual consultants at this value warrant scrutiny.

Small Business Impact

The contract was not awarded to a small business. Further analysis is needed to determine if small businesses were considered or excluded from this procurement.

Oversight & Accountability

The requirement for SAM.gov registration within 90 days of award suggests a focus on compliance. However, the oversight of service delivery and performance against the contract needs to be clearly defined.

Related Government Programs

Administrative Management and General Management Consulting Services
U.S. International Development Finance Corporation Contracting
U.S. International Development Finance Corporation Programs

Risk Flags

Award to an individual consultant
Lack of detail on specific services and deliverables
Potential for limited capacity and scalability
Unclear performance metrics and oversight mechanisms

Frequently Asked Questions

What is this federal contract paying for?

U.S. International Development Finance Corporation awarded $378,781.75 to KEITH BUCK. ASSET MANAGER PSC FOR OA. THE SAM.GOV REGISTRATION FOR ALL CONTRACTS MUST BE COMPLETED WITHIN 90 DAYS OF AWARD TO CONTINUE PAYMENT.

Who is the contractor on this award?

The obligated recipient is KEITH BUCK.

Which agency awarded this contract?

Awarding agency: U.S. International Development Finance Corporation (U.S. International Development Finance Corporation).

What is the total obligated amount?

The obligated amount is $378,781.75.

What is the period of performance?

Start: 2024-10-14. End: 2026-10-14.

What specific asset management functions will Keith Buck perform, and how do these align with the U.S. International Development Finance Corporation's mission?

The contract specifies 'ASSET MANAGER PSC FOR OA' without detailing the specific functions. It is crucial to understand the scope of work to assess its alignment with DFC's mission and to ensure the services are necessary and add value. Without this clarity, it's difficult to determine if the $378K expenditure is justified.

What is the risk associated with awarding a significant contract to an individual rather than an established firm, particularly for asset management?

Awarding to an individual carries risks related to capacity, continuity, and scalability. An individual may lack the resources, personnel, and robust processes of a firm, potentially impacting service delivery quality and reliability. This could lead to delays, errors, or an inability to handle the full scope of asset management responsibilities, increasing overall program risk.

How will the effectiveness of Keith Buck's asset management services be measured and ensured, given the fixed-price contract and individual awardee?

Effectiveness will likely be measured through performance metrics outlined in the contract, though these are not detailed here. The fixed-price nature helps control costs, but ensuring value requires rigorous monitoring of deliverables and outcomes. The agency must actively manage the contract, conduct regular performance reviews, and verify that the services provided meet the intended objectives and standards.

Industry Classification

NAICS: Professional, Scientific, and Technical Services › Management, Scientific, and Technical Consulting Services › Administrative Management and General Management Consulting Services

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

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE

Solicitation ID: 77344423Q0049

Offers Received: 3

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 19289 BROOKWATER TER, LEESBURG, VA, 20175

Business Categories: Category Business, Nonprofit Organization, Not Designated a Small Business, Sole Proprietorship, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $991,236

Exercised Options: $378,782

Current Obligation: $378,782

Actual Outlays: $171,805

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Cost or Pricing Data: NO

Timeline