Agriculture Dept Awards $100.9M for Food Manufacturing Supplies to Global Trading Enterprises LLC
Contract Overview
Contract Amount: $100,961,065 ($101.0M)
Contractor: Global Trading Enterprises LLC
Awarding Agency: Department of Agriculture
Start Date: 2021-01-19
End Date: 2021-05-31
Contract Duration: 132 days
Daily Burn Rate: $764.9K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 171
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: 2000007490/4100022288/COMBINATION BOX
Place of Performance
Location: SWEDESBORO, GLOUCESTER County, NEW JERSEY, 08085
Plain-Language Summary
Department of Agriculture obligated $101.0 million to GLOBAL TRADING ENTERPRISES LLC for work described as: 2000007490/4100022288/COMBINATION BOX Key points: 1. Significant award value of over $100 million for miscellaneous food manufacturing. 2. Full and open competition was utilized, suggesting a competitive bidding process. 3. The contract was awarded as a delivery order, indicating a specific need fulfillment. 4. The vendor, Global Trading Enterprises LLC, is based in New Jersey.
Value Assessment
Rating: fair
The award amount of $100.9 million is substantial. Benchmarking against similar contracts for 'All Other Miscellaneous Food Manufacturing' is difficult without more specific product details. The firm fixed price contract type suggests price certainty for the government.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, which typically allows for the widest possible range of bidders and can lead to better price discovery. The use of a delivery order suggests a specific, time-bound requirement.
Taxpayer Impact: The competitive nature of the award is positive for taxpayers, as it likely resulted in a fair market price for the goods procured.
Public Impact
Ensures supply chain continuity for essential food manufacturing components. Supports a specific segment of the food processing industry. Potential impact on the availability and cost of certain food products.
Waste & Efficiency Indicators
Waste Risk Score: 70 / 10
Warning Flags
- Lack of specific product details makes detailed cost analysis challenging.
- Short contract duration (delivery order) may limit long-term vendor relationship benefits.
Positive Signals
- Awarded through full and open competition.
- Firm fixed price contract provides cost certainty.
Sector Analysis
This spending falls under the broad 'Food Manufacturing' sector. The specific NAICS code '311999' covers 'All Other Miscellaneous Food Manufacturing,' which can encompass a wide variety of products. Benchmarking is challenging due to the 'miscellaneous' nature.
Small Business Impact
The data does not indicate if small businesses were involved as subcontractors or if the primary awardee is a small business. Further investigation would be needed to assess small business participation.
Oversight & Accountability
The use of full and open competition is a positive oversight mechanism. However, the specifics of the delivery order and the 'miscellaneous' nature of the goods require scrutiny to ensure value for money.
Related Government Programs
- All Other Miscellaneous Food Manufacturing
- Department of Agriculture Contracting
- Agricultural Marketing Service Programs
Risk Flags
- Lack of specific product details.
- Broad NAICS code limits detailed analysis.
- Potential for price fluctuations in miscellaneous goods.
- Short contract duration may not reflect long-term needs.
Tags
all-other-miscellaneous-food-manufacturi, department-of-agriculture, nj, delivery-order, 100m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Agriculture awarded $101.0 million to GLOBAL TRADING ENTERPRISES LLC. 2000007490/4100022288/COMBINATION BOX
Who is the contractor on this award?
The obligated recipient is GLOBAL TRADING ENTERPRISES LLC.
Which agency awarded this contract?
Awarding agency: Department of Agriculture (Agricultural Marketing Service).
What is the total obligated amount?
The obligated amount is $101.0 million.
What is the period of performance?
Start: 2021-01-19. End: 2021-05-31.
What specific types of 'All Other Miscellaneous Food Manufacturing' products were procured under this contract?
The provided data lacks specific details on the exact products or services covered by NAICS code 311999. This category is broad and includes items not classified elsewhere in food manufacturing. Understanding the precise nature of these goods is crucial for a thorough value assessment and to identify potential risks or opportunities.
How does the $100.9 million award compare to typical spending for similar miscellaneous food manufacturing supplies?
Benchmarking this $100.9 million award is difficult without granular data on the specific items procured. The 'All Other Miscellaneous Food Manufacturing' category is very broad. A direct comparison to similar contracts would require identifying procurements with identical or highly comparable product specifications and quantities.
What is the potential impact of this large award on market competition for these specific food manufacturing supplies?
Given the award was made under full and open competition, it suggests that multiple vendors had the opportunity to bid. However, the significant value of this single award could potentially influence future market dynamics, depending on the concentration of suppliers and the specific nature of the goods.
Industry Classification
NAICS: Manufacturing › Other Food Manufacturing › All Other Miscellaneous Food Manufacturing
Product/Service Code: SUBSISTENCE
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Solicitation ID: 123J1421B0110/4100022288
Offers Received: 171
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Parent Company: Global Trading Enterprises LLC
Address: 504 SHARPTOWN RD, SWEDESBORO, NJ, 08085
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Limited Liability Corporation, Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $100,961,065
Exercised Options: $100,961,065
Current Obligation: $100,961,065
Actual Outlays: $100,959,632
Contract Characteristics
Commercial Item: COMMERCIAL ITEM
Parent Contract
Parent Award PIID: 123J1420G0078
IDV Type: BOA
Timeline
Start Date: 2021-01-19
Current End Date: 2021-05-31
Potential End Date: 2021-05-31 00:00:00
Last Modified: 2023-02-22
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