Leidos Holdings Awarded $35.3M for Other Computer Related Services by Pension Benefit Guaranty Corporation
Contract Overview
Contract Amount: $35,333,150 ($35.3M)
Contractor: Leidos Holdings, Inc.
Awarding Agency: Pension Benefit Guaranty Corporation
Start Date: 2013-01-31
End Date: 2015-02-13
Contract Duration: 743 days
Daily Burn Rate: $47.6K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 4
Pricing Type: COST PLUS AWARD FEE
Sector: IT
Official Description: IGF::CL::IGF
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20005
Plain-Language Summary
Pension Benefit Guaranty Corporation obligated $35.3 million to LEIDOS HOLDINGS, INC. for work described as: IGF::CL::IGF Key points: 1. The contract value of $35.3M is moderate for IT services. 2. Leidos Holdings, Inc. is a major IT contractor, indicating significant competition in the sector. 3. The 'Other Computer Related Services' NAICS code suggests a broad range of potential services. 4. The Cost Plus Award Fee contract type can lead to cost overruns if not managed carefully.
Value Assessment
Rating: fair
The contract value of $35.3M for a 743-day duration appears reasonable given the services provided. However, without specific deliverables or benchmarks for 'Other Computer Related Services', a precise value assessment is difficult.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, which generally promotes competitive pricing. The use of a Delivery Order under a larger contract structure suggests a structured procurement process.
Taxpayer Impact: Full and open competition aims to secure the best value for taxpayers by encouraging multiple bids and driving down costs.
Public Impact
This contract supports the Pension Benefit Guaranty Corporation's IT infrastructure and services. The duration of the contract (743 days) indicates a sustained need for these services. The award to Leidos Holdings, Inc. highlights their role as a key IT service provider to federal agencies.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Cost Plus Award Fee structure can incentivize contractor performance but may also lead to higher costs.
- The broad NAICS code 'Other Computer Related Services' could mask specific, potentially high-cost, service components.
Positive Signals
- Awarded under full and open competition, suggesting a competitive bidding process.
- Leidos Holdings, Inc. is a well-established government contractor with a track record.
Sector Analysis
The IT services sector is highly competitive, with numerous large and small businesses vying for federal contracts. Spending benchmarks vary widely based on the specific services, but this award falls within a typical range for complex IT support.
Small Business Impact
While this contract was awarded to a large business (Leidos Holdings, Inc.), the use of full and open competition allows for small business participation as subcontractors, though specific subcontracting data is not provided here.
Oversight & Accountability
The Pension Benefit Guaranty Corporation is responsible for overseeing the performance of this contract to ensure services are delivered effectively and within budget. Award fee structures require diligent monitoring of performance metrics.
Related Government Programs
- Other Computer Related Services
- Pension Benefit Guaranty Corporation Contracting
- Pension Benefit Guaranty Corporation Programs
Risk Flags
- Potential for cost overruns due to CPAF structure.
- Lack of specificity in 'Other Computer Related Services' hinders detailed value analysis.
- No clear indication of small business subcontracting participation.
- Performance metrics and award fee justification are not publicly detailed.
Tags
other-computer-related-services, pension-benefit-guaranty-corporation, dc, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Pension Benefit Guaranty Corporation awarded $35.3 million to LEIDOS HOLDINGS, INC.. IGF::CL::IGF
Who is the contractor on this award?
The obligated recipient is LEIDOS HOLDINGS, 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 $35.3 million.
What is the period of performance?
Start: 2013-01-31. End: 2015-02-13.
What specific 'Other Computer Related Services' were procured under this contract, and how do their costs compare to industry standards?
The provided data lacks specificity regarding the exact 'Other Computer Related Services'. To assess value, a detailed breakdown of services (e.g., network management, cybersecurity, software development) and their associated costs would be needed. Benchmarking against similar, more granularly defined federal contracts or commercial offerings would then allow for a more accurate cost comparison and value assessment.
What were the key performance indicators (KPIs) used to determine the award fee, and how did Leidos Holdings, Inc. perform against them?
The effectiveness of the Cost Plus Award Fee (CPAF) structure hinges on clearly defined and measurable KPIs. Without access to the contract's performance work statement and the agency's evaluation of Leidos' performance against those KPIs, it's impossible to determine if the award fee truly reflects exceptional service delivery or if it potentially inflated costs without commensurate value.
How did the competitive bidding process under 'full and open competition' influence the final contract price compared to other procurement methods?
Full and open competition typically drives down prices by allowing all responsible sources to submit bids, fostering a competitive environment. While this contract was awarded competitively, the CPAF structure allows for costs to exceed initial estimates if performance warrants it. A comparative analysis with sole-source or limited competition contracts for similar services would be needed to quantify the precise taxpayer savings achieved through this method.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Computer Systems Design and Related Services › Other Computer Related Services
Product/Service Code: IT AND TELECOM - INFORMATION TECHNOLOGY AND TELECOMMUNICATIONS › ADP AND TELECOMMUNICATIONS
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Offers Received: 4
Pricing Type: COST PLUS AWARD FEE (R)
Evaluated Preference: NONE
Contractor Details
Address: 1710 SAIC DR, MCLEAN, VA, 22102
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $88,045,277
Exercised Options: $37,425,552
Current Obligation: $35,333,150
Subaward Activity
Number of Subawards: 55
Total Subaward Amount: $7,989,137
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: PBGC01D130007
IDV Type: IDC
Timeline
Start Date: 2013-01-31
Current End Date: 2015-02-13
Potential End Date: 2015-02-13 00:00:00
Last Modified: 2024-09-12
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