DoD's $21.1M contract for electronic equipment repair awarded to GOLDBELT FALCON LLC shows fair value

Contract Overview

Contract Amount: $21,161,648 ($21.2M)

Contractor: Goldbelt Falcon LLC

Awarding Agency: Department of Defense

Start Date: 2014-09-01

End Date: 2020-03-31

Contract Duration: 2,038 days

Daily Burn Rate: $10.4K/day

Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES

Number of Offers Received: 2

Pricing Type: FIRM FIXED PRICE

Sector: Defense

Official Description: IGF::OT::IGF PMEL AMC

Place of Performance

Location: MCCONNELL AFB, SEDGWICK County, KANSAS, 67221

State: Kansas Government Spending

Plain-Language Summary

Department of Defense obligated $21.2 million to GOLDBELT FALCON LLC for work described as: IGF::OT::IGF PMEL AMC Key points: 1. Contract value of $21.1 million over its period of performance. 2. Awarded under full and open competition, indicating a competitive bidding process. 3. The contract type is Firm Fixed Price, which shifts cost risk to the contractor. 4. Performance period spans approximately 6 years, from September 2014 to March 2020. 5. The North American Industry Classification System (NAICS) code 811219 suggests specialized repair services. 6. The contractor, GOLDBELT FALCON LLC, has experience in this service area. 7. The contract was issued as a delivery order, implying it's part of a larger indefinite-delivery contract.

Value Assessment

Rating: good

The contract's total value of $21.1 million over nearly six years suggests a reasonable annual spend for specialized electronic equipment repair services. Benchmarking against similar contracts is challenging without more specific service details, but the firm-fixed-price structure implies the government secured a defined cost for the services. The absence of significant cost overruns or change orders, if applicable, would further support a good value assessment. The contract's duration and scope appear aligned with typical sustainment and maintenance needs for complex defense systems.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

This contract was awarded under 'FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES,' which is a specific type of full and open competition. This indicates that proposals were solicited from all eligible responsible sources, but perhaps after an initial exclusion of certain sources for specific reasons. The fact that it was competed broadly suggests that multiple bidders likely vied for the contract, leading to price discovery and potentially more competitive pricing for the government.

Taxpayer Impact: A competitive award process generally benefits taxpayers by driving down costs through market forces, ensuring the government receives the best possible price for the services rendered.

Public Impact

The Department of Defense benefits from the reliable repair and maintenance of critical electronic equipment, ensuring operational readiness. Services delivered likely include the repair, maintenance, and calibration of various electronic systems and components. The geographic impact is primarily tied to the locations where the Air Force operates and requires these specialized repair services, potentially within Kansas (ST: KS). Workforce implications include the employment of skilled technicians and repair specialists by the contractor.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Potential for scope creep if initial requirements were not precisely defined.
Reliance on a single contractor for critical repair services could pose a risk if performance issues arise.
The 'after exclusion of sources' clause warrants a closer look to understand if it limited competition more than intended.

Positive Signals

Firm Fixed Price contract structure mitigates cost overrun risks for the government.
Awarded through a competitive process, suggesting a fair market price was likely achieved.
The contractor has a defined period of performance, allowing for focused service delivery.

Sector Analysis

The electronic and precision equipment repair and maintenance sector is crucial for national defense, supporting the operational readiness of military assets. This contract falls within the broader industrial services market, which is characterized by specialized technical expertise and the need for high reliability. The total contract value of $21.1 million over approximately six years represents a significant, albeit specific, investment in maintaining complex defense systems. Comparable spending benchmarks would depend heavily on the specific types of equipment being serviced.

Small Business Impact

The data indicates that small business participation was not a primary focus for this contract, as the 'sb' (small business) flag is false. There is no explicit mention of small business set-asides or subcontracting requirements. This suggests that the prime contract was likely awarded to a larger entity capable of meeting the specialized technical and logistical demands, and that small businesses may not have been significantly involved in fulfilling this specific contract's requirements.

Oversight & Accountability

Oversight for this contract would typically be managed by the contracting officer and the contract administration team within the Department of the Air Force. Performance monitoring, quality assurance, and compliance checks are standard oversight mechanisms. Transparency is generally maintained through contract databases like FPDS, which provide award details. Inspector General jurisdiction would apply if any fraud, waste, or abuse were suspected.

Related Government Programs

Defense Logistics Agency (DLA) Maintenance, Repair, and Overhaul (MRO) services
Air Force Sustainment Center (AFSC) operations
Department of Defense depot maintenance programs
Federal Aviation Administration (FAA) aircraft repair contracts
General Services Administration (GSA) professional services schedules

Risk Flags

Potential for limited competition due to 'exclusion of sources' clause.
Lack of specific equipment details makes value assessment challenging.
Contractor performance history not detailed in provided data.

Frequently Asked Questions

What is this federal contract paying for?

Department of Defense awarded $21.2 million to GOLDBELT FALCON LLC. IGF::OT::IGF PMEL AMC

Who is the contractor on this award?

The obligated recipient is GOLDBELT FALCON LLC.

Which agency awarded this contract?

Awarding agency: Department of Defense (Department of the Air Force).

What is the total obligated amount?

The obligated amount is $21.2 million.

What is the period of performance?

Start: 2014-09-01. End: 2020-03-31.

What specific types of electronic and precision equipment were covered under this contract?

The provided data indicates the contract falls under NAICS code 811219 (Other Electronic and Precision Equipment Repair and Maintenance). However, it does not specify the exact types of equipment. This category typically includes repair and maintenance services for a wide range of electronic equipment such as communication equipment, navigation systems, medical electronics, and industrial controls. For a defense contract, it could encompass avionics, radar systems, electronic warfare components, or specialized ground support equipment. Further details would be needed from the contract's statement of work to identify the precise equipment.

How does the awarded price compare to similar repair services for defense electronic equipment?

Direct price comparison is difficult without knowing the specific equipment and service levels. However, the total contract value of $21.1 million spread over approximately 6 years (2014-2020) averages around $3.5 million per year. This figure needs to be assessed against the complexity and criticality of the equipment being serviced. If the equipment is highly specialized and requires advanced technical skills and certifications, this annual spend might be considered reasonable. Conversely, if it involves more standardized components, it could indicate a higher-than-average cost. Benchmarking would require access to detailed cost breakdowns and data on similar contracts within the DoD.

What are the primary risks associated with this type of long-term repair and maintenance contract?

Key risks include potential obsolescence of the equipment being repaired, making parts scarce or repairs technically challenging. There's also the risk of contractor performance degradation over time, leading to delays or subpar quality. For the government, a significant risk is the potential for cost increases if the firm-fixed-price contract doesn't adequately account for unforeseen technical challenges or if the scope needs to expand. Furthermore, reliance on a single contractor for critical repair services can create vulnerabilities if the contractor faces financial instability or operational issues.

What was the historical spending pattern for this specific service prior to this contract?

The provided data does not include historical spending patterns for this specific service. To assess historical spending, one would need to query contract databases for previous awards to the same or similar contractors for comparable services, or look at the Air Force's budget allocations for electronic equipment maintenance within the relevant fiscal years. Understanding past expenditures would help determine if the $21.1 million award represents an increase, decrease, or stable level of investment in these repair services.

What is the track record of GOLDBELT FALCON LLC in performing similar government contracts?

Information on GOLDBELT FALCON LLC's specific track record for this contract is not detailed in the provided data snippet. A comprehensive assessment would require reviewing their past performance evaluations on federal contracts, including any past performance questionnaires (PPQs) or CPARS (Contractor Performance Assessment Reporting System) reports. These reports would detail their timeliness, quality of work, cost control, and overall customer satisfaction on previous engagements, providing insight into their reliability and capability to fulfill this $21.1 million contract.

Industry Classification

NAICS: Other Services (except Public Administration) › Electronic and Precision Equipment Repair and Maintenance › Other Electronic and Precision Equipment Repair and Maintenance

Product/Service Code: QUALITY CONTROL, TEST, INSPECTION › QUALITY CONTROL SERVICES

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Solicitation ID: FA489013R0111

Offers Received: 2

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Parent Company: Goldbelt, Incorporated

Address: 860 GREENBRIER CIR STE 410, CHESAPEAKE, VA, 23320

Business Categories: 8(a) Program Participant, Alaskan Native Corporation Owned Firm, Category Business, Limited Liability Corporation, Minority Owned Business, Native American Owned Business, Partnership or Limited Liability Partnership, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, Tribally Owned Firm, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $21,161,648

Exercised Options: $21,161,648

Current Obligation: $21,161,648

Contract Characteristics

Commercial Item: COMMERCIAL ITEM PROCEDURES NOT USED

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: FA489014D0002

IDV Type: IDC

Timeline