DoD's $24M NAS Corpus Christi Renovation: Full & Open Competition, Firm Fixed Price
Contract Overview
Contract Amount: $24,087,889 ($24.1M)
Contractor: Gfp-Yates a Joint Venture
Awarding Agency: Department of Defense
Start Date: 2015-03-31
End Date: 2020-10-14
Contract Duration: 2,024 days
Daily Burn Rate: $11.9K/day
Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Number of Offers Received: 3
Pricing Type: FIRM FIXED PRICE
Sector: Construction
Official Description: IGF::OT::IGF BUILDING 1 CNATRA HEADQUARTERS RENOVATIONS, NAS CORPUS CHRISTI, TEXAS
Place of Performance
Location: CORPUS CHRISTI, NUECES County, TEXAS, 78419
State: Texas Government Spending
Plain-Language Summary
Department of Defense obligated $24.1 million to GFP-YATES A JOINT VENTURE for work described as: IGF::OT::IGF BUILDING 1 CNATRA HEADQUARTERS RENOVATIONS, NAS CORPUS CHRISTI, TEXAS Key points: 1. Contract awarded for building renovations at NAS Corpus Christi. 2. Utilized full and open competition after exclusion of sources. 3. Firm Fixed Price contract type suggests defined scope and cost control. 4. Project duration spans over 5 years, indicating a significant undertaking.
Value Assessment
Rating: good
The contract value of $24.1 million for building renovations appears reasonable for a large-scale project of this duration. Benchmarking against similar commercial and institutional building construction contracts would provide a more precise assessment.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition after excluding specific sources, indicating an effort to maximize competition while addressing unique requirements. This method generally promotes competitive pricing.
Taxpayer Impact: The use of full and open competition is intended to secure the best value for taxpayers by encouraging multiple bids and driving down costs.
Public Impact
Renovation of a key Navy training facility. Supports military readiness and infrastructure modernization. Potential for local economic impact through construction jobs and materials.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Potential for cost overruns due to long project duration.
- Scope creep could impact final cost if not managed tightly.
- Dependence on specific construction firm's performance.
Positive Signals
- Competitive bidding process likely secured favorable pricing.
- Firm Fixed Price contract provides cost certainty.
- Project addresses critical infrastructure needs.
Sector Analysis
This contract falls under Commercial and Institutional Building Construction, a sector vital for infrastructure development. Spending benchmarks vary widely based on project scope, location, and specific construction needs.
Small Business Impact
While the contract was awarded to a joint venture, it's unclear if small businesses were subcontracted. Further analysis would be needed to determine small business participation and its impact.
Oversight & Accountability
The contract was awarded by the Department of the Navy, part of the Department of Defense. Oversight would typically involve contract management teams ensuring adherence to terms and quality standards.
Related Government Programs
- Commercial and Institutional Building Construction
- Department of Defense Contracting
- Department of the Navy Programs
Risk Flags
- Long project duration increases risk of market volatility impacting costs.
- Potential for scope creep if not rigorously managed.
- Dependence on the performance and stability of the joint venture.
- Need to verify small business subcontracting participation.
Tags
commercial-and-institutional-building-co, department-of-defense, tx, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Defense awarded $24.1 million to GFP-YATES A JOINT VENTURE. IGF::OT::IGF BUILDING 1 CNATRA HEADQUARTERS RENOVATIONS, NAS CORPUS CHRISTI, TEXAS
Who is the contractor on this award?
The obligated recipient is GFP-YATES A JOINT VENTURE.
Which agency awarded this contract?
Awarding agency: Department of Defense (Department of the Navy).
What is the total obligated amount?
The obligated amount is $24.1 million.
What is the period of performance?
Start: 2015-03-31. End: 2020-10-14.
What was the primary driver for excluding specific sources in the 'full and open competition after exclusion of sources' method?
Excluding specific sources in a full and open competition often occurs when certain technical requirements, past performance, or unique capabilities are necessary, and only a limited number of firms can meet them. This ensures essential needs are met while still allowing broader competition among qualified entities, aiming for a balance between specialized requirements and competitive pricing.
How does the 5-year duration impact the risk of cost escalation for this firm fixed-price contract?
A 5-year duration for a firm fixed-price contract inherently carries a risk of cost escalation due to market fluctuations in labor and materials over time. While the fixed price aims to cap costs, unforeseen economic shifts could strain the contractor's margins or lead to disputes if not adequately accounted for in the initial pricing and contract terms.
What is the expected long-term value of these renovations to the Navy's training capabilities?
The long-term value is expected to be significant, providing modernized facilities essential for effective training operations at NAS Corpus Christi. Improved infrastructure can enhance training efficiency, safety, and the overall capacity to support naval aviation personnel, contributing directly to military readiness and operational effectiveness.
Industry Classification
NAICS: Construction › Nonresidential Building Construction › Commercial and Institutional Building Construction
Product/Service Code: MAINT, REPAIR, ALTER REAL PROPERTY › MAINT, ALTER, REPAIR NONBUILDINGS
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Solicitation ID: N6945012R1761
Offers Received: 3
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 639 LANARK DR, STE 1, SAN ANTONIO, TX, 78218
Business Categories: Category Business, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $24,087,889
Exercised Options: $24,087,889
Current Obligation: $24,087,889
Contract Characteristics
Commercial Item: COMMERCIAL ITEM PROCEDURES NOT USED
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: N6945013D1763
IDV Type: IDC
Timeline
Start Date: 2015-03-31
Current End Date: 2020-10-14
Potential End Date: 2020-10-14 00:00:00
Last Modified: 2021-07-30
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