SEC Awards $26.15M for Guard Services to SECTEK, INC. Under Full and Open Competition
Contract Overview
Contract Amount: $26,150,335 ($26.2M)
Contractor: Sectek, Inc.
Awarding Agency: Securities and Exchange Commission
Start Date: 2008-07-23
End Date: 2012-09-28
Contract Duration: 1,528 days
Daily Burn Rate: $17.1K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 14
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: GUARD SERVICES (ARMED AND UNARMED)
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20549
Plain-Language Summary
Securities and Exchange Commission obligated $26.2 million to SECTEK, INC. for work described as: GUARD SERVICES (ARMED AND UNARMED) Key points: 1. SECTEK, INC. secured a significant contract for guard services, indicating strong performance or competitive pricing. 2. The contract spans over four years, suggesting a need for consistent security support. 3. Full and open competition was utilized, implying a robust price discovery process. 4. The service falls under the Security Guards and Patrol Services NAICS code, a common government procurement area.
Value Assessment
Rating: good
The contract's firm fixed price structure suggests predictable costs. Benchmarking against similar guard service contracts would provide further insight into value.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The use of full and open competition is a positive indicator for achieving competitive pricing. Multiple bids likely drove down costs for the government.
Taxpayer Impact: The competitive bidding process for this $26.15 million contract aims to ensure taxpayer funds are used efficiently for essential security services.
Public Impact
Ensures security for SEC facilities and personnel. Supports local economy through service provision. Demonstrates government's commitment to physical security.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Potential for price creep if contract terms are not strictly managed.
- Dependence on a single vendor for critical security functions.
Positive Signals
- Utilized full and open competition.
- Firm fixed price contract provides cost certainty.
- Long-term contract indicates sustained need and potential for stable service.
Sector Analysis
Guard services are a common expenditure across federal agencies, supporting physical security. Benchmarks vary widely based on location, service level, and security clearance requirements.
Small Business Impact
While this contract was awarded to SECTEK, INC., the data does not indicate if they are a small business. Further analysis would be needed to determine small business participation.
Oversight & Accountability
The contract was awarded by the Securities and Exchange Commission, which has established oversight mechanisms for its procurements. Monitoring contract performance and adherence to terms is crucial.
Related Government Programs
- Security Guards and Patrol Services
- Securities and Exchange Commission Contracting
- Securities and Exchange Commission Programs
Risk Flags
- Contract duration is substantial.
- Service type is critical for agency operations.
- Potential for sole-source if competition was limited in practice.
- Lack of detailed cost breakdown hinders granular value assessment.
Tags
security-guards-and-patrol-services, securities-and-exchange-commission, dc, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Securities and Exchange Commission awarded $26.2 million to SECTEK, INC.. GUARD SERVICES (ARMED AND UNARMED)
Who is the contractor on this award?
The obligated recipient is SECTEK, INC..
Which agency awarded this contract?
Awarding agency: Securities and Exchange Commission (Securities and Exchange Commission).
What is the total obligated amount?
The obligated amount is $26.2 million.
What is the period of performance?
Start: 2008-07-23. End: 2012-09-28.
What is the average per-unit cost for armed vs. unarmed guards under this contract, and how does it compare to market rates?
The provided data does not break down costs by armed or unarmed guards, nor does it offer per-unit cost details. A detailed analysis of the contract's delivery orders would be necessary to determine unit costs and compare them against industry benchmarks for similar security services in the Washington D.C. metropolitan area.
What were the key performance indicators (KPIs) established for SECTEK, INC. under this contract, and how was performance measured?
Specific Key Performance Indicators (KPIs) and performance measurement methodologies are not detailed in the provided summary data. Typically, such contracts include metrics related to response times, incident reporting accuracy, personnel professionalism, and adherence to post orders. The SEC's contracting office would maintain records of these performance evaluations.
Were there any contract modifications or change orders issued during the contract period, and what was their financial impact?
The provided data does not include information on contract modifications or change orders. Such details would typically be found in the contract's official award file. Analyzing these modifications is important to understand any deviations from the original scope, potential cost increases, and the reasons behind them.
Industry Classification
NAICS: Administrative and Support and Waste Management and Remediation Services › Investigation and Security Services › Security Guards and Patrol Services
Product/Service Code: UTILITIES AND HOUSEKEEPING › HOUSEKEEPING SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Offers Received: 14
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 11413 ISAAC NEWTON SQ S, RESTON, VA, 20190
Business Categories: Category Business, Not Designated a Small Business, Special Designations, Subchapter S Corporation, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $26,702,159
Exercised Options: $26,150,335
Current Obligation: $26,150,335
Contract Characteristics
Commercial Item: COMMERCIAL ITEM
Parent Contract
Parent Award PIID: GS07F0279M
IDV Type: FSS
Timeline
Start Date: 2008-07-23
Current End Date: 2012-09-28
Potential End Date: 2012-09-28 00:00:00
Last Modified: 2017-10-24
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