CFTC awards $17.6M for IT Cybersecurity services to XOR Security LLC under full and open competition
Contract Overview
Contract Amount: $17,625,192 ($17.6M)
Contractor: XOR Security LLC
Awarding Agency: Commodity Futures Trading Commission
Start Date: 2020-07-27
End Date: 2025-07-26
Contract Duration: 1,825 days
Daily Burn Rate: $9.7K/day
Competition Type: FULL AND OPEN COMPETITION
Pricing Type: TIME AND MATERIALS
Sector: IT
Official Description: IT CYBERSECURITY
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20581
Plain-Language Summary
Commodity Futures Trading Commission obligated $17.6 million to XOR SECURITY LLC for work described as: IT CYBERSECURITY Key points: 1. The contract value is $17.6 million over five years. 2. XOR Security LLC is the awardee, with the contract type being Time and Materials. 3. Competition was full and open, suggesting a competitive bidding process. 4. The service category is Computer Facilities Management Services (NAICS 541513).
Value Assessment
Rating: good
The contract is a BPA Call, indicating it's part of a larger agreement. Pricing is Time and Materials, which can vary based on actual effort. Benchmarking against similar cybersecurity contracts is needed for a definitive assessment.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, which typically leads to better price discovery and potentially lower costs for the government. The BPA Call mechanism allows for efficient procurement of services.
Taxpayer Impact: The competitive nature of the award is positive for taxpayers, aiming to secure services at a fair market price.
Public Impact
Ensures cybersecurity for the Commodity Futures Trading Commission's IT infrastructure. Supports critical functions of a key financial regulatory agency. Provides essential IT facilities management services.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Time and Materials contract type can lead to cost overruns if not managed closely.
- Lack of specific performance metrics in the provided data.
- No indication of small business participation.
Positive Signals
- Awarded under full and open competition.
- Long-term contract (5 years) provides stability.
- Supports a vital government agency.
Sector Analysis
The IT and cybersecurity sector is critical for government operations, with spending often driven by evolving threats. Benchmarks for similar services vary widely based on scope and complexity.
Small Business Impact
The data indicates that this contract was not awarded to a small business (ss: false, sb: false). Further analysis would be needed to determine if small business subcontracting opportunities were explored or mandated.
Oversight & Accountability
The contract is managed by the Commodity Futures Trading Commission. Oversight would involve monitoring performance, adherence to contract terms, and managing the Time and Materials pricing structure to ensure value.
Related Government Programs
- Computer Facilities Management Services
- Commodity Futures Trading Commission Contracting
- Commodity Futures Trading Commission Programs
Risk Flags
- Time and Materials contract type.
- No small business participation indicated.
- Lack of specific performance metrics in summary data.
- Potential for cost escalation without strict oversight.
Tags
computer-facilities-management-services, commodity-futures-trading-commission, dc, bpa-call, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Commodity Futures Trading Commission awarded $17.6 million to XOR SECURITY LLC. IT CYBERSECURITY
Who is the contractor on this award?
The obligated recipient is XOR SECURITY LLC.
Which agency awarded this contract?
Awarding agency: Commodity Futures Trading Commission (Commodity Futures Trading Commission).
What is the total obligated amount?
The obligated amount is $17.6 million.
What is the period of performance?
Start: 2020-07-27. End: 2025-07-26.
What is the estimated hourly rate for labor under this Time and Materials contract, and how does it compare to industry benchmarks?
The provided data does not include specific hourly rates. Time and Materials contracts are variable, and rates are typically negotiated. A comparison would require access to the contract's labor categories and rates, benchmarked against similar government and commercial contracts for cybersecurity and IT facilities management services.
What are the key performance indicators (KPIs) for this cybersecurity contract, and how will XOR Security LLC's performance be measured?
The provided data does not specify the Key Performance Indicators (KPIs) for this contract. Effective oversight requires clearly defined KPIs related to system uptime, incident response times, vulnerability remediation, and overall security posture. Performance measurement is crucial for ensuring the contractor meets the CFTC's cybersecurity needs.
Are there any specific cybersecurity threats or vulnerabilities that this contract is intended to address for the CFTC?
The data does not detail specific threats or vulnerabilities. However, given the nature of cybersecurity services, this contract likely aims to maintain and enhance the CFTC's overall IT security posture, protect sensitive financial data, and ensure compliance with relevant regulations against a backdrop of evolving cyber threats.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Computer Facilities Management 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
Solicitation ID: 9523ZY20Q0009
Pricing Type: TIME AND MATERIALS (Y)
Evaluated Preference: NONE
Contractor Details
Address: 3120 FAIRVIEW PARK DR, FALLS CHURCH, VA, 22042
Business Categories: 8(a) Program Participant, Category Business, Corporate Entity Not Tax Exempt, Limited Liability Corporation, Not Designated a Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $17,935,709
Exercised Options: $17,935,709
Current Obligation: $17,625,192
Actual Outlays: $13,411,920
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Parent Contract
Parent Award PIID: 9523ZY20A0001
IDV Type: BPA
Timeline
Start Date: 2020-07-27
Current End Date: 2025-07-26
Potential End Date: 2025-07-26 00:00:00
Last Modified: 2025-07-23
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