Pension Benefit Guaranty Corp. awards $16.6M contract for Information Services to Concentrix CVG Corp

Contract Overview

Contract Amount: $16,646,094 ($16.6M)

Contractor: Concentrix CVG Corporation

Awarding Agency: Pension Benefit Guaranty Corporation

Start Date: 2008-07-25

End Date: 2012-07-27

Contract Duration: 1,463 days

Daily Burn Rate: $11.4K/day

Competition Type: COMPETITIVE DELIVERY ORDER

Number of Offers Received: 6

Pricing Type: LABOR HOURS

Sector: IT

Official Description: COO - BAPD

Place of Performance

Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20005, UNITED STATES OF AMERICA

State: District of Columbia Government Spending

Plain-Language Summary

Pension Benefit Guaranty Corporation obligated $16.6 million to CONCENTRIX CVG CORPORATION for work described as: COO - BAPD Key points: 1. Contract value of $16.6M over 4 years. 2. Awarded via competitive delivery order. 3. No small business participation noted. 4. Sector is Information Services.

Value Assessment

Rating: fair

The contract value of $16.6M over approximately 4 years suggests a moderate annual spend. Without specific per-unit cost data or comparison to similar service contracts, a precise value assessment is difficult.

Cost Per Unit: N/A

Competition Analysis

Competition Level: unknown

Awarded as a competitive delivery order, indicating multiple vendors were considered. The pricing discovery mechanism relies on the competitive bidding process inherent in this award type.

Taxpayer Impact: The competitive nature of the award suggests a reasonable effort to secure fair pricing for taxpayers, though the exact savings are not quantifiable from this data.

Public Impact

Citizens receive essential information services funded by taxpayer dollars. Concentrix CVG Corporation benefits from government contract revenue. Potential impact on the broader IT services market through competition.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Lack of small business participation.
Limited transparency on specific service deliverables and performance metrics.

Positive Signals

Awarded through a competitive process.
Contract duration aligns with service needs.

Sector Analysis

The Information Services sector is broad, encompassing IT support, data management, and consulting. This contract likely falls into a specialized area within this sector, with spending benchmarks varying widely based on the specific services provided.

Small Business Impact

The data indicates no small business participation in this contract. This suggests that the prime contractor, Concentrix CVG Corporation, did not subcontract to small businesses or that the nature of the services did not lend itself to small business involvement.

Oversight & Accountability

The award method as a competitive delivery order implies some level of oversight in the procurement process. Further review of the specific solicitation and evaluation criteria would be needed to assess accountability.

Related Government Programs

All Other Information Services
Pension Benefit Guaranty Corporation Contracting
Pension Benefit Guaranty Corporation Programs

Risk Flags

No small business participation.
Broad service category lacks specificity.
Potential for vendor lock-in if services are highly specialized.
Limited insight into performance metrics from data.

Frequently Asked Questions

What is this federal contract paying for?

Pension Benefit Guaranty Corporation awarded $16.6 million to CONCENTRIX CVG CORPORATION. COO - BAPD

Who is the contractor on this award?

The obligated recipient is CONCENTRIX CVG CORPORATION.

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 $16.6 million.

What is the period of performance?

Start: 2008-07-25. End: 2012-07-27.

What specific information services are being provided under this contract?

The provided data classifies the service under NAICS code 519190 (All Other Information Services), which is very broad. To understand the value, specific details on the services rendered, such as IT support, data analysis, or specialized information management, are crucial. Without this, assessing the appropriateness of the $16.6M award is challenging.

What were the key performance indicators (KPIs) and how was performance measured?

Performance metrics and KPIs are not detailed in the provided data. Understanding how Concentrix CVG Corporation's performance was evaluated is essential for assessing the effectiveness of the contract and the value delivered to the Pension Benefit Guaranty Corporation. This information would typically be found in the contract's statement of work.

Were there any identified risks associated with this contract, and how were they mitigated?

The data does not explicitly list contract-specific risks or mitigation strategies. General risks in IT service contracts could include data security breaches, service disruptions, or cost overruns. The competitive award process might have addressed some pricing risks, but operational and security risks would require further investigation into the contract terms.

Industry Classification

NAICS: Information › Other Information Services › All Other Information Services

Product/Service Code: IT AND TELECOM - INFORMATION TECHNOLOGY AND TELECOMMUNICATIONS › ADP AND TELECOMMUNICATIONS

Competition & Pricing

Extent Competed: COMPETITIVE DELIVERY ORDER

Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE

Offers Received: 6

Pricing Type: LABOR HOURS (Z)

Evaluated Preference: NONE

Contractor Details

Address: 201 EAST FOURTH ST, CINCINNATI, OH, 45202

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business

Financial Breakdown

Contract Ceiling: $16,997,286

Exercised Options: $16,997,286

Current Obligation: $16,646,094

Parent Contract

Parent Award PIID: GS00V08PDD0067

IDV Type: IDC

Timeline