Filing of form CRS through webcrd

Active Definitive Contract Awarded Last action

Contract number
50310220C0040
Awardee
Awarding agency
Obligated
$2,559,890

Award facts

Opportunity
Contract value 74% obligated
  • $2,559,890.00 Current, with exercised options
  • $3,474,015.00 Potential, with all options
Completion date 61% complete
  • Current, with exercised options
  • Potential, with all options
Set-aside
No set-aside
Competition
Not Competed · 1 offer Only One Source
Pricing
Firm Fixed Price
Place of performance
Rockville, MD 20850, USA
Legislative mandates

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Exercise an Option P00012 $289,950
Supplemental Agreement for work within scope P00011 $0
Supplemental Agreement for work within scope P00010 $0
Supplemental Agreement for work within scope P00009 $212,156
Exercise an Option P00008 $70,719
Funding Only Action P00007 $137,988
Funding Only Action P00006 $68,994
Exercise an Option P00005 $68,994
Exercise an Option P00004 $269,250
Supplemental Agreement for work within scope P00003 $262,675
Exercise an Option P00002 $256,250
Other Administrative Action P00001 $0
Original award $922,915
Show all 13

About this award

Written by GovTribe AI ·

The Securities and Exchange Commission awarded a $3.5M sole source, firm fixed-price definitive contract to the Financial Industry Regulatory Authority Inc. (FINRA) on March 18, 2020, for the design, development, and implementation of Form Customer Relationship Summary (CRS) filing capabilities on FINRA's Web Central Registration Depository (Web CRD) and BrokerCheck systems. Under this contract, FINRA will enable broker-dealers to file Form CRS disclosures and provide public access to those filings in compliance with SEC requirements. The work includes integrating the CRS System with FINRA's Investment Adviser Registration Depository (IARD) system to accommodate dual registrants, maintaining the filings, and transferring data to the SEC. The contract has an ultimate completion date of December 31, 2030, reflecting a performance period of one base year plus nine option years. No set-aside designation was used for this award.

As the largest independent regulator of securities firms in the United States, FINRA possesses the specialized regulatory infrastructure and expertise necessary to execute this contract. The sole source award was justified under FAR Part 6 authority, recognizing FINRA's unique position as the operator of existing critical regulatory systems through which broker-dealers must file. The contract will be performed in Potomac, Maryland, with the SEC serving as the funding federal agency. This award is consistent with FINRA's track record of receiving multiple prime contracts from the SEC for regulatory technology services and market regulation support, leveraging its established systems and regulatory knowledge.

Quick answers

Who was awarded contract 50310220C0040?

50310220C0040 was awarded to Financial Industry Regulatory Authority Inc. by Securities and Exchange Commission on March 18, 2020.

How much is contract 50310220C0040 worth?

The government has obligated $2,559,890 on 50310220C0040. Its current value, with exercised options, is $2,559,890. Its potential value, with all options, is $3,474,015.

Was contract 50310220C0040 competed?

The extent of competition for 50310220C0040 was not competed. The government received 1 offer.

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