DoD awards $22.6M for Applied Research Services to Wave Technologies, Inc
Contract Overview
Contract Amount: $22,569,953 ($22.6M)
Contractor: Wave Technologies, Inc.
Awarding Agency: Department of Defense
Start Date: 2005-08-10
End Date: 2009-06-15
Contract Duration: 1,405 days
Daily Burn Rate: $16.1K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 1
Pricing Type: COST PLUS FIXED FEE
Sector: R&D
Official Description: 200512!501723!2100!W911QX!USA MATERIEL COMMAND ACQUISITION!W911QX04D0013 !A!N! !Y!0003 ! !20050810!20070831!018340815!018340815!018340815!N!WAVE TECHNOLOGIES, INC !400 E CENTRAL, STE 201 !PONCA CITY !OK!74601!59850!071!40!PONCA CITY !KAY !OKLAHOMA !+000001641140!N!N!000000000000!AD22!RDTE/SERVICES-APPLIED RESEARCH !S1 !SERVICES !000 !* !541330!E! !5!B!S! ! ! !20200930!B! ! !A! !A!N!U!1!999!E! !Z!N!Z! ! !N!A!Y!Y!E! ! ! !A!A!000!A!B!N! ! ! ! !2100! !0001! !
Place of Performance
Location: GUTHRIE, LOGAN County, OKLAHOMA, 73044
State: Oklahoma Government Spending
Plain-Language Summary
Department of Defense obligated $22.6 million to WAVE TECHNOLOGIES, INC. for work described as: 200512!501723!2100!W911QX!USA MATERIEL COMMAND ACQUISITION!W911QX04D0013 !A!N! !Y!0003 ! !20050810!20070831!018340815!018340815!018340815!N!WAVE TECHNOLOGIES, INC !400 E CENTRAL, STE 201 !PONCA CITY !OK!74601!59850!071!40!PONCA CITY !KAY … Key points: 1. Contract awarded for applied research and development services. 2. Wave Technologies, Inc. is the prime contractor. 3. Contract type is Cost Plus Fixed Fee. 4. The contract falls under the Engineering Services sector.
Value Assessment
Rating: fair
The Cost Plus Fixed Fee contract type can lead to cost overruns if not managed carefully. Benchmarking against similar applied research contracts is difficult due to the specialized nature of the services.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, suggesting a competitive bidding process. However, the specific pricing discovery mechanisms are not detailed.
Taxpayer Impact: Taxpayer funds are being used for research and development, with the ultimate value dependent on the success and applicability of the research outcomes.
Public Impact
Supports defense research and development initiatives. Funds specialized engineering and applied research services. Contract duration of over 3 years indicates a significant project.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Cost Plus Fixed Fee contract type can be prone to cost escalation.
- Limited transparency on specific performance metrics and deliverables.
- Potential for scope creep in applied research projects.
Positive Signals
- Awarded through full and open competition.
- Supports critical defense research and development.
- Contractor has a history of performance (implied by award).
Sector Analysis
This contract falls within the Engineering Services sector, specifically applied research and development. Spending in this sector is crucial for technological advancement but can be subject to long development cycles and uncertain outcomes.
Small Business Impact
There is no indication that small businesses were involved as subcontractors on this contract. Further analysis would be needed to determine if small business participation goals were met.
Oversight & Accountability
Oversight is provided by the Defense Contract Management Agency. The Cost Plus Fixed Fee structure necessitates robust oversight to ensure cost control and adherence to research objectives.
Related Government Programs
- Engineering Services
- Department of Defense Contracting
- Defense Contract Management Agency Programs
Risk Flags
- Cost Plus Fixed Fee contract type.
- Applied research can have uncertain outcomes.
- Lack of detailed performance metrics.
- Potential for scope creep.
Tags
engineering-services, department-of-defense, ok, do, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Defense awarded $22.6 million to WAVE TECHNOLOGIES, INC.. 200512!501723!2100!W911QX!USA MATERIEL COMMAND ACQUISITION!W911QX04D0013 !A!N! !Y!0003 ! !20050810!20070831!018340815!018340815!018340815!N!WAVE TECHNOLOGIES, INC !400 E CENTRAL, STE 201 !PONCA CITY !OK!74601!59850!071!40!PONCA CITY !KAY !OKLAHOMA !+000001641140!N!N!000000000000!AD22!RDTE/SERVICES-APPLIED RESEARCH !S1 !SERVICES !000 !* !541330!E! !5!B!S! ! ! !202
Who is the contractor on this award?
The obligated recipient is WAVE TECHNOLOGIES, INC..
Which agency awarded this contract?
Awarding agency: Department of Defense (Defense Contract Management Agency).
What is the total obligated amount?
The obligated amount is $22.6 million.
What is the period of performance?
Start: 2005-08-10. End: 2009-06-15.
What specific research objectives does this contract aim to achieve, and how will their success be measured?
The contract specifies 'RDTE/SERVICES-APPLIED RESEARCH' but lacks granular detail on the precise research objectives. Success measurement would typically involve technical reviews, prototype development, and demonstration of capabilities relevant to defense needs. Without specific deliverables outlined, assessing the value proposition is challenging.
What are the potential risks associated with the Cost Plus Fixed Fee (CPFF) contract type for applied research?
CPFF contracts carry inherent risks of cost overruns, as the contractor is reimbursed for allowable costs plus a fixed fee. For applied research, where outcomes can be uncertain, this structure requires diligent oversight to prevent inefficient spending and ensure the government receives value. Scope creep is also a significant risk.
How effectively does this contract contribute to the Department of Defense's long-term technological advantage?
The effectiveness hinges on the quality and relevance of the applied research conducted by Wave Technologies, Inc. If the research leads to innovative solutions or improved capabilities that align with DoD strategic goals, it contributes significantly. However, the long-term impact is contingent on successful transition and implementation of the research findings.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Architectural, Engineering, and Related Services › Engineering Services
Product/Service Code: RESEARCH AND DEVELOPMENT › DEFENSE (OTHER) R&D
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: BASIC RESEARCH
Offers Received: 1
Pricing Type: COST PLUS FIXED FEE (U)
Evaluated Preference: NONE
Contractor Details
Address: 2205 N KICKAPOO, SHAWNEE, OK, 05
Business Categories: Category Business, HUBZone Firm, Small Business, Special Designations, Veteran Owned Business
Parent Contract
Parent Award PIID: W911QX04D0013
IDV Type: IDC
Timeline
Start Date: 2005-08-10
Current End Date: 2009-06-15
Potential End Date: 2009-06-15 00:00:00
Last Modified: 2013-08-09
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