Contract Deobligations Alert — March 23, 2026

Three awards totaling $1.51B from DHS/CBP for border barriers in TX/CA, fully obligated base+options via full/open competition.

$217M delivery order to Spectrum Healthcare for long-term professional services, with upside in unexercised options.

$714M to Family Endeavors for ORR program, 56% outlayed but nearing end with minimal extension potential.

$0 outlayed on $1.51B BCCG contracts signals potential funding delays or phased obligations over 2.5-3 year periods.

Firm fixed price on $1.51B BCCG awards exposes to cost overruns; low outlay ($9.5M of $217M) on Spectrum adds deobligation risk.

Family Endeavors contract ends Feb 2025 with only $81M unexercised options, vulnerable to non-renewal.

BCCG's $1.51B CBP wins position for follow-on border construction under NAICS 236220/PSC Y1PZ.

Spectrum's HHS staffing track record supports bids for $200M+ follow-ons in PSC Q999.

BCCG captures 62% of period value ($1.51B) in DHS barriers across TX/CA, all firm fixed price with 2025-2028 execution.

$931M split between child services (77%) and medical staffing, with 42% average outlay rate.

{"entity"=>"BCCG A Joint Venture", "reason"=>"Holds 3/5 records, $1.51B (62%) in new border awards with $0 outlayed.", "trigger"=>"Initial outlays >$50M or delays past Sep 2025 starts"}

{"entity"=>"DHS/CBP border funding", "reason"=>"Cluster of $1.51B obligations signals program acceleration.", "trigger"=>"Aggregate outlays reaching 10% of value"}

{"entity"=>"Family Endeavors HHS contract", "reason"=>"Nears end with $317M unoutlayed; neutral nonprofit limits equity play.", "trigger"=>"Deobligation >$50M or non-extension"}