CFTC Awards $56M for Core Infrastructure Support to Salient CRGT, Inc
Contract Overview
Contract Amount: $55,976,853 ($56.0M)
Contractor: Salient Crgt, Inc.
Awarding Agency: Commodity Futures Trading Commission
Start Date: 2022-09-26
End Date: 2026-03-25
Contract Duration: 1,276 days
Daily Burn Rate: $43.9K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 3
Pricing Type: FIRM FIXED PRICE
Sector: IT
Official Description: CORE INFRASTRUCTURE, OPERATIONS AND MAINTENANCE SUPPORT SERVICES
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20581
Plain-Language Summary
Commodity Futures Trading Commission obligated $56.0 million to SALIENT CRGT, INC. for work described as: CORE INFRASTRUCTURE, OPERATIONS AND MAINTENANCE SUPPORT SERVICES Key points: 1. Contract value of $55.98 million over approximately 4 years. 2. Awarded under full and open competition. 3. Focuses on IT systems design and computer systems support. 4. Potential for ongoing IT infrastructure needs within the agency.
Value Assessment
Rating: good
The contract value of $55.98 million for 4 years of IT support appears reasonable given the scope of core infrastructure and operations. Benchmarking against similar IT support contracts would provide a more precise assessment.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded through full and open competition, suggesting a robust price discovery process. This method typically leads to competitive pricing as multiple vendors had the opportunity to bid.
Taxpayer Impact: Competitive bidding in this full and open process likely resulted in a fair price, maximizing taxpayer value for essential IT services.
Public Impact
Ensures continued operation of critical IT systems for the CFTC. Supports the agency's mission by maintaining essential infrastructure. Potential for improved system performance and reliability.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Contract duration extends beyond the current fiscal year.
- Potential for scope creep in infrastructure support services.
Positive Signals
- Awarded via full and open competition.
- Fixed-price contract type can control costs.
- Supports critical agency functions.
Sector Analysis
This contract falls within the IT services sector, specifically computer systems design and related services. Spending in this area is crucial for government operations, with benchmarks varying widely based on complexity and duration.
Small Business Impact
The data indicates this contract was not awarded to small businesses, as the 'sb' field is false. Further analysis would be needed to determine if small business participation was sought or achieved through subcontracting.
Oversight & Accountability
The contract was awarded by the Commodity Futures Trading Commission (CFTC) to support its own operations. Oversight would typically be managed by the contracting officer and program managers within the CFTC.
Related Government Programs
- Computer Systems Design Services
- Commodity Futures Trading Commission Contracting
- Commodity Futures Trading Commission Programs
Risk Flags
- Contract duration exceeds one year.
- Potential for vendor lock-in.
- Reliance on a single vendor for critical infrastructure.
- Cybersecurity risks associated with IT support.
Tags
computer-systems-design-services, commodity-futures-trading-commission, dc, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Commodity Futures Trading Commission awarded $56.0 million to SALIENT CRGT, INC.. CORE INFRASTRUCTURE, OPERATIONS AND MAINTENANCE SUPPORT SERVICES
Who is the contractor on this award?
The obligated recipient is SALIENT CRGT, INC..
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 $56.0 million.
What is the period of performance?
Start: 2022-09-26. End: 2026-03-25.
What specific IT systems and infrastructure are covered under this support contract?
The contract covers 'Core Infrastructure, Operations and Maintenance Support Services.' While the specific systems are not detailed in the provided data, this typically includes network infrastructure, servers, data storage, cybersecurity measures, and associated operational support critical for the Commodity Futures Trading Commission's daily functions and mission execution.
What are the primary risks associated with this contract's duration and scope?
The primary risks include potential technological obsolescence over the contract's ~4-year term, the possibility of scope creep if maintenance needs expand beyond initial estimates, and ensuring continued alignment with evolving cybersecurity threats and regulatory requirements. Vendor lock-in could also be a concern if not managed proactively.
How does this contract contribute to the CFTC's overall mission effectiveness?
This contract is vital for ensuring the reliable and secure operation of the CFTC's IT infrastructure, which underpins all its regulatory and operational functions. By maintaining and supporting core systems, it directly enables the agency to effectively monitor markets, enforce regulations, and fulfill its mandate, thereby enhancing overall mission effectiveness.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Computer Systems Design 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
Offers Received: 3
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 4000 LEGATO RD STE 600, FAIRFAX, VA, 22033
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $139,796,531
Exercised Options: $61,604,455
Current Obligation: $55,976,853
Actual Outlays: $38,890,906
Subaward Activity
Number of Subawards: 24
Total Subaward Amount: $29,884,113
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: 47QTCA21D001Y
IDV Type: FSS
Timeline
Start Date: 2022-09-26
Current End Date: 2026-03-25
Potential End Date: 2032-09-25 00:00:00
Last Modified: 2026-03-18
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