MCC Awards $7M Cybersecurity Contract to Iron Vine Security LLC for Other Computer Related Services

Contract Overview

Contract Amount: $7,025,988 ($7.0M)

Contractor: Iron Vine Security LLC

Awarding Agency: Millennium Challenge Corporation

Start Date: 2022-01-03

End Date: 2027-01-02

Contract Duration: 1,825 days

Daily Burn Rate: $3.9K/day

Competition Type: FULL AND OPEN COMPETITION

Pricing Type: FIRM FIXED PRICE

Sector: IT

Official Description: CYBERSECURITY AND PRIVACY SOLUTIONS

Place of Performance

Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20005

State: District of Columbia Government Spending

Plain-Language Summary

Millennium Challenge Corporation obligated $7.0 million to IRON VINE SECURITY LLC for work described as: CYBERSECURITY AND PRIVACY SOLUTIONS Key points: 1. Contract awarded to Iron Vine Security LLC for $7.03M. 2. The contract falls under 'Other Computer Related Services' (NAICS 541519). 3. Full and open competition was utilized. 4. The contract duration is 5 years, ending January 2, 2027. 5. No small business participation was noted.

Value Assessment

Rating: good

The contract value of $7.03M over 5 years suggests a moderate annual spend. Benchmarking against similar cybersecurity service contracts is needed to fully assess pricing.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The use of full and open competition is a positive indicator for price discovery. The BPA Call award mechanism suggests a pre-competed framework was leveraged.

Taxpayer Impact: The competitive nature of the award is expected to yield fair pricing, ensuring taxpayer funds are used efficiently for essential cybersecurity services.

Public Impact

Ensures critical cybersecurity and privacy protections for the Millennium Challenge Corporation. Supports the agency's mission by safeguarding sensitive data and systems. Provides essential IT services to a federal agency.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

No small business participation noted.

Positive Signals

Full and open competition utilized.
Long-term contract provides stability for services.

Sector Analysis

Cybersecurity services are a growing sector within federal IT spending. This contract aligns with the increasing demand for robust digital defenses across government agencies.

Small Business Impact

The contract does not indicate any specific set-aside for small businesses, nor does it mention subcontracting goals. Further review may be needed to understand small business engagement.

Oversight & Accountability

The award was made by the Millennium Challenge Corporation, indicating internal agency oversight. The BPA Call mechanism suggests a structured procurement process.

Related Government Programs

Other Computer Related Services
Millennium Challenge Corporation Contracting
Millennium Challenge Corporation Programs

Risk Flags

No small business participation.
Contract duration is 5 years.
Specific services not detailed.

Frequently Asked Questions

What is this federal contract paying for?

Millennium Challenge Corporation awarded $7.0 million to IRON VINE SECURITY LLC. CYBERSECURITY AND PRIVACY SOLUTIONS

Who is the contractor on this award?

The obligated recipient is IRON VINE SECURITY LLC.

Which agency awarded this contract?

Awarding agency: Millennium Challenge Corporation (Millennium Challenge Corporation).

What is the total obligated amount?

The obligated amount is $7.0 million.

What is the period of performance?

Start: 2022-01-03. End: 2027-01-02.

What is the specific scope of cybersecurity and privacy solutions provided under this contract?

The contract details are limited, but it falls under 'Other Computer Related Services.' This typically includes services like IT security consulting, vulnerability assessments, penetration testing, incident response, and privacy compliance support, tailored to the specific needs of the Millennium Challenge Corporation.

Are there any identified risks associated with Iron Vine Security LLC's performance or the contract's cybersecurity measures?

No specific performance risks are detailed in the provided data. However, general risks for cybersecurity contracts include evolving threat landscapes, potential for data breaches, vendor lock-in, and ensuring continuous compliance with changing privacy regulations.

How does this contract contribute to the overall effectiveness of the Millennium Challenge Corporation's IT infrastructure and security posture?

By securing essential cybersecurity and privacy solutions, this contract directly enhances the Millennium Challenge Corporation's ability to protect its sensitive data and operational systems. This contributes to the agency's overall effectiveness by ensuring continuity of operations and maintaining public trust.

Industry Classification

NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Other Computer Related 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: 95332421Q0048

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 1400 I STREET NW, SUITE 925, WASHINGTON, DC, 20005

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $11,516,929

Exercised Options: $10,516,929

Current Obligation: $7,025,988

Actual Outlays: $2,093,737

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: 95332422A0001

IDV Type: BPA

Timeline