PBGC's $22.8M administrative support contract awarded to Integrated Management Resources Group, Inc. over 6 years

Contract Overview

Contract Amount: $22,803,122 ($22.8M)

Contractor: Integrated Management Resources Group, Inc.

Awarding Agency: Pension Benefit Guaranty Corporation

Start Date: 2003-03-16

End Date: 2009-03-31

Contract Duration: 2,207 days

Daily Burn Rate: $10.3K/day

Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES

Number of Offers Received: 2

Pricing Type: LABOR HOURS

Sector: Other

Official Description: OTHER ADMINISTRATIVE SUPPORT SVCS

Place of Performance

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

State: District of Columbia Government Spending

Plain-Language Summary

Pension Benefit Guaranty Corporation obligated $22.8 million to INTEGRATED MANAGEMENT RESOURCES GROUP, INC. for work described as: OTHER ADMINISTRATIVE SUPPORT SVCS Key points: 1. Contract provided essential administrative support services to the Pension Benefit Guaranty Corporation. 2. The contract was awarded through full and open competition, suggesting a competitive bidding process. 3. Duration of over 6 years indicates a long-term need for these services. 4. The contract type, 'Labor Hours', suggests flexibility in resource allocation. 5. The award was made to a single contractor, Integrated Management Resources Group, Inc. 6. The contract value of $22.8 million over its life reflects significant investment in administrative functions.

Value Assessment

Rating: fair

The contract value of $22.8 million over approximately six years averages to about $3.8 million annually. Benchmarking this against similar administrative support contracts is challenging without more specific service details. However, the duration and scope suggest a substantial investment. The 'Labor Hours' contract type can sometimes lead to cost overruns if not managed tightly, but it also offers flexibility. Without specific performance metrics or comparisons to industry standards for administrative support, a definitive value-for-money assessment is difficult.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under 'Full and Open Competition After Exclusion of Sources'. This indicates that while the competition was open, there might have been specific reasons for excluding certain sources, or it could be a standard clause. The presence of 'full and open competition' generally implies that multiple bidders were considered, which should theoretically lead to better pricing and value. However, the details of the bidding process, including the number of actual bids received, are not provided.

Taxpayer Impact: A full and open competition process is generally favorable for taxpayers as it encourages a wider range of potential contractors to bid, fostering price competition and potentially leading to more cost-effective solutions.

Public Impact

The Pension Benefit Guaranty Corporation (PBGC) directly benefited from the administrative support services. These services were crucial for the day-to-day operations and management of the PBGC. The contract supported administrative functions within the District of Columbia, where the PBGC is headquartered. The contract likely supported a workforce involved in administrative management and general consulting.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Lack of detailed performance metrics makes it difficult to assess the contractor's effectiveness and efficiency.
The 'Labor Hours' contract type can pose a risk of cost escalation if not meticulously managed and monitored.
Limited information on the specific nature of 'Administrative Management and General Management Consulting Services' hinders a precise value assessment.

Positive Signals

Awarded through full and open competition, suggesting a robust selection process.
The long contract duration (over 6 years) indicates a stable and ongoing need for the services, implying consistent delivery.
The contract provided essential administrative support, contributing to the core functions of a federal agency.

Sector Analysis

This contract falls under administrative management and general management consulting services (NAICS code 541611). This sector is vital for government operations, providing expertise to improve efficiency, manage resources, and implement strategic initiatives. The market for these services is competitive, with numerous firms offering specialized consulting. The $22.8 million awarded over six years represents a significant, albeit specific, investment in administrative support for a federal agency like the PBGC, contributing to the overall spending within this professional services category.

Small Business Impact

The provided data indicates that this contract was not set aside for small businesses (ss: false, sb: false). Therefore, there are no direct subcontracting implications for small businesses stemming from a small business set-aside. The award to a single entity, Integrated Management Resources Group, Inc., means that opportunities for small businesses would primarily arise if they were subcontractors to the prime contractor, which is not explicitly detailed in the award information.

Oversight & Accountability

Oversight for this contract would typically fall under the Pension Benefit Guaranty Corporation's internal contracting and program management offices. Accountability measures would be defined in the contract's terms and conditions, including performance standards and reporting requirements. Transparency is generally facilitated through contract award databases like FPDS. Inspector General jurisdiction would depend on whether the PBGC has an IG or if oversight is handled by another agency's IG, but the contract itself is subject to federal procurement regulations.

Related Government Programs

Administrative Support Services
Management and Consulting Services
Federal Agency Operations Support
Pension Benefit Guaranty Corporation Contracts

Risk Flags

Potential for cost overruns due to 'Labor Hours' contract type if not managed effectively.
Lack of detailed performance metrics in summary data makes objective assessment difficult.
Limited information on the specific scope of services provided.

Frequently Asked Questions

What is this federal contract paying for?

Pension Benefit Guaranty Corporation awarded $22.8 million to INTEGRATED MANAGEMENT RESOURCES GROUP, INC.. OTHER ADMINISTRATIVE SUPPORT SVCS

Who is the contractor on this award?

The obligated recipient is INTEGRATED MANAGEMENT RESOURCES GROUP, INC..

Which agency awarded this contract?

Awarding agency: Pension Benefit Guaranty Corporation (Pension Benefit Guaranty Corporation).

What is the total obligated amount?

The obligated amount is $22.8 million.

What is the period of performance?

Start: 2003-03-16. End: 2009-03-31.

What was the specific nature of the administrative management and general management consulting services provided under this contract?

The provided data identifies the contract under NAICS code 541611, 'Administrative Management and General Management Consulting Services'. While this broadly categorizes the services, specific details regarding the tasks performed are not available in the summary data. These services could encompass a wide range of activities, such as strategic planning, organizational analysis, process improvement, human capital management, financial management consulting, or IT strategy consulting, all aimed at enhancing the operational efficiency and effectiveness of the Pension Benefit Guaranty Corporation (PBGC). Without further documentation, the precise scope remains general.

How did the pricing of this contract compare to similar administrative support contracts awarded by the PBGC or other federal agencies during the same period?

Direct price comparison is difficult without knowing the specific services rendered and the labor rates involved. The contract was awarded on a 'Labor Hours' basis, meaning payment was tied to the hours worked by contractor personnel. To benchmark, one would need to compare the average hourly rates for various labor categories against market data or other government contracts for similar skill sets and experience levels. The total value of $22.8 million over approximately six years suggests an average annual spend of around $3.8 million. This figure alone doesn't indicate if it was high or low without context on the volume and complexity of the administrative support provided.

What were the key performance indicators (KPIs) or metrics used to evaluate the contractor's performance?

The provided summary data does not include specific Key Performance Indicators (KPIs) or performance metrics that were used to evaluate Integrated Management Resources Group, Inc. Typically, contracts of this nature would include clauses related to service delivery standards, response times, quality of work, and adherence to project timelines. Performance evaluations would likely be documented through contract performance reports, contractor performance assessment reporting (CPAR) systems, or internal agency assessments. The absence of this information in the summary prevents a detailed analysis of the contractor's performance quality.

What is the track record of Integrated Management Resources Group, Inc. with federal contracts, particularly with the PBGC?

Integrated Management Resources Group, Inc. held this specific contract with the Pension Benefit Guaranty Corporation (PBGC) from March 2003 to March 2009, spanning over six years. This long duration suggests a potentially satisfactory performance history with the agency during that period. To fully assess their track record, one would need to examine their contract history across all federal agencies, looking at factors such as past performance ratings, any contract disputes or terminations, and the types and values of other contracts they have held. The provided data focuses solely on this one significant award.

What was the total federal spending on administrative management and general management consulting services (NAICS 541611) during the period this contract was active (2003-2009)?

During the period this contract was active (March 2003 - March 2009), federal spending on Administrative Management and General Management Consulting Services (NAICS 541611) was substantial. While precise aggregate figures for the entire government for those specific years require detailed database queries, this sector consistently represents a significant portion of federal contracting dollars for professional services. Agencies across the government utilize these services for efficiency improvements, strategic planning, and operational support. The PBGC's $22.8 million expenditure on this contract is one component within this larger spending landscape, reflecting a broader trend of federal reliance on external expertise for management functions.

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) › ADMINISTRATIVE SUPPORT SERVICES

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES

Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE

Solicitation ID: PBGC01-RP-03-0004

Offers Received: 2

Pricing Type: LABOR HOURS (Z)

Evaluated Preference: NONE

Contractor Details

Address: 703 AMER DR, FORT WASHINGTON, MD, 04

Business Categories: 8(a) Program Participant, Black American Owned Business, Category Business, Minority Owned Business, Self-Certified Small Disadvantaged Business, Small Business, Small Disadvantaged Business, Special Designations, U.S.-Owned Business, Woman Owned Business

Financial Breakdown

Contract Ceiling: $44,336,538

Exercised Options: $43,102,654

Current Obligation: $22,803,122

Timeline