Ryan Company awarded $10.97M contract for services, with a 77.35% win rate on prior bids

Contract Overview

Contract Amount: $10,967,677 ($11.0M)

Contractor: Ryan Company, Inc. the

Awarding Agency: Department of the Interior

Start Date: 2001-09-15

End Date: 2005-08-03

Contract Duration: 1,418 days

Daily Burn Rate: $7.7K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 2

Pricing Type: FIRM FIXED PRICE

Sector: Construction

Place of Performance

Location: FARMINGTON, SAN JUAN County, NEW MEXICO, 87401

State: New Mexico Government Spending

Plain-Language Summary

Department of the Interior obligated $11.0 million to RYAN COMPANY, INC. THE for work described as: Key points: 1. The contract's value of $10.97M appears reasonable given the duration and firm fixed-price nature. 2. Full and open competition suggests a healthy market for these services. 3. The contractor's strong win rate indicates a competitive and successful bidding strategy. 4. Performance context is limited without specific task order details. 5. The contract falls within the broader category of construction and engineering services. 6. The firm fixed-price structure shifts performance risk to the contractor.

Value Assessment

Rating: good

The $10.97 million award for a duration of 1418 days (approximately 3.88 years) suggests an average annual value of roughly $2.82 million. Without specific details on the services rendered, direct comparison is challenging. However, the firm fixed-price contract type, coupled with full and open competition, generally indicates a fair price discovery process. The contractor's historical win rate of 77.35% on prior bids implies they are competitive and likely priced effectively to secure this award.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

This contract was awarded under full and open competition, meaning all responsible sources were permitted to submit bids. The presence of two bidders, as indicated by the 'no' field, suggests a moderate level of competition for this specific procurement. While more bidders could potentially drive prices lower, two bidders still provide a basis for price comparison and evaluation.

Taxpayer Impact: Full and open competition, even with two bidders, generally benefits taxpayers by encouraging competitive pricing and ensuring that the government receives offers from qualified contractors.

Public Impact

The primary beneficiaries are likely federal agencies requiring the specific services procured, potentially related to construction or infrastructure projects. The contract delivers essential services, though the exact nature is not specified in the provided data. The geographic impact is focused on New Mexico, as indicated by the 'sn' field. Workforce implications could include employment opportunities for skilled labor in the construction and related fields within New Mexico.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Lack of specific performance metrics makes it difficult to assess value for money beyond the bidding process.
The duration of the contract (1418 days) is substantial, increasing the risk of unforeseen cost escalations if not managed tightly.

Positive Signals

Awarded under full and open competition, suggesting a robust procurement process.
Firm fixed-price contract type aligns incentives for cost control with the contractor.
Contractor has a strong historical bid win rate (77.35%), indicating capability and competitive pricing.

Sector Analysis

This contract falls within the broad sector of construction and engineering services, a significant area of federal spending. The Department of the Interior, specifically the Bureau of Reclamation, often procures services related to water resource management, infrastructure development, and maintenance. Comparable spending benchmarks would depend heavily on the specific nature of the services, but federal construction and engineering contracts represent billions of dollars annually.

Small Business Impact

The provided data does not indicate any specific small business set-aside provisions for this contract, nor does it detail subcontracting plans. As it was awarded under full and open competition, the primary focus was likely on the most capable and cost-effective offer, rather than specific small business goals. Further analysis would be needed to determine if small businesses were involved as subcontractors.

Oversight & Accountability

Oversight mechanisms would typically involve the contracting officer's representative (COR) at the Bureau of Reclamation, responsible for monitoring performance and ensuring compliance with contract terms. Accountability is established through the firm fixed-price structure, which incentivizes the contractor to manage costs. Transparency is generally facilitated through contract award databases, though detailed performance reports are often internal.

Related Government Programs

Bureau of Reclamation Construction Contracts
Department of the Interior Infrastructure Projects
Federal Firm Fixed Price Service Contracts
New Mexico Federal Procurement

Risk Flags

Limited performance data available
Scope of work not detailed

Frequently Asked Questions

What is this federal contract paying for?

Department of the Interior awarded $11.0 million to RYAN COMPANY, INC. THE. See the official description on USAspending.

Who is the contractor on this award?

The obligated recipient is RYAN COMPANY, INC. THE.

Which agency awarded this contract?

Awarding agency: Department of the Interior (Bureau of Reclamation).

What is the total obligated amount?

The obligated amount is $11.0 million.

What is the period of performance?

Start: 2001-09-15. End: 2005-08-03.

What specific services were procured under this contract?

The provided data does not specify the exact services procured under this contract. However, given the awarding agency (Bureau of Reclamation, Department of the Interior) and the sector (Construction), it is highly probable that the services relate to infrastructure development, maintenance, repair, or construction of facilities, potentially associated with water management projects, dams, canals, or related structures within New Mexico.

How does the contract value compare to similar services procured by the Bureau of Reclamation?

Direct comparison is difficult without knowing the specific services. However, the average annual value of approximately $2.82 million ($10.97M / 3.88 years) is within a typical range for significant construction or engineering support contracts awarded by agencies like the Bureau of Reclamation. Benchmarking would require access to databases of similar contracts with detailed scopes of work and performance periods.

What are the key risks associated with this firm fixed-price contract?

The primary risk with a firm fixed-price (FFP) contract is that the contractor may cut corners on quality or scope to maintain profitability if costs exceed estimates. For the government, the risk is receiving substandard work. Conversely, if the contractor significantly underbids or encounters unforeseen issues, they bear the financial loss. Effective oversight by the government is crucial to mitigate quality risks.

What does the contractor's 77.35% win rate signify?

A 77.35% win rate suggests that Ryan Company, Inc. is highly successful in its bidding endeavors. This could indicate strong proposal writing capabilities, accurate cost estimation, a deep understanding of government requirements, and competitive pricing strategies. It implies they are a formidable competitor in the federal contracting space for the types of services they pursue.

What is the historical spending trend for similar services by the Bureau of Reclamation?

The provided data is for a single contract and does not offer historical spending trends. To assess this, one would need to analyze the Bureau of Reclamation's procurement history over several fiscal years, filtering for contracts with similar Product Service Codes (PSCs) or Federal Procurement Data System (FPDS) categories, and focusing on the New Mexico region if applicable. This would reveal patterns in contract volume, value, and competition.

Were there any specific performance metrics or deliverables outlined in the contract?

The provided summary data does not include details on specific performance metrics or deliverables. These are typically found within the contract's statement of work (SOW) or performance work statement (PWS). For a contract of this nature and duration, performance would likely be monitored through milestones, quality control checks, and adherence to project schedules and specifications.

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Offers Received: 2

Pricing Type: FIRM FIXED PRICE (J)

Contractor Details

Parent Company: Quanta Services, Inc. (UEI: 008004165)

Address: 60 RESERVOIR PARK DR, ROCKLAND, MA, 09

Business Categories: Category Business, Not Designated a Small Business

Financial Breakdown

Contract Ceiling: $10,967,677

Exercised Options: $10,967,677

Current Obligation: $10,967,677

Timeline