United States Mint awards $2.7M roofing contract to Iron Sword Enterprises, LLC for West Point facility

Contract Overview

Contract Amount: $2,697,557 ($2.7M)

Contractor: Iron Sword Enterprises, LLC

Awarding Agency: Department of the Treasury

Start Date: 2021-09-22

End Date: 2023-11-30

Contract Duration: 799 days

Daily Burn Rate: $3.4K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 1

Pricing Type: FIRM FIXED PRICE

Sector: Construction

Official Description: UNITED STATES MINT WEST POINT ROOF REPLACEMENT PROJECT. THE MAXIMUM VALUE OF THIS CONTRACT SHALL NOT EXCEED 2.6 MILLION.

Place of Performance

Location: WEST POINT, ORANGE County, NEW YORK, 10996

State: New York Government Spending

Plain-Language Summary

Department of the Treasury obligated $2.7 million to IRON SWORD ENTERPRISES, LLC for work described as: UNITED STATES MINT WEST POINT ROOF REPLACEMENT PROJECT. THE MAXIMUM VALUE OF THIS CONTRACT SHALL NOT EXCEED 2.6 MILLION. Key points: 1. The contract value of $2.7 million represents a significant investment in facility maintenance for the United States Mint. 2. Full and open competition was utilized, suggesting a potentially competitive bidding process that could lead to favorable pricing. 3. The definitive contract type indicates a clear scope of work and pricing structure. 4. The project duration of 799 days suggests a complex or extensive roofing replacement is anticipated. 5. The contract was awarded to a single entity, Iron Sword Enterprises, LLC, highlighting the need to assess their capacity and past performance. 6. The absence of small business set-aside flags warrants further investigation into subcontracting opportunities.

Value Assessment

Rating: fair

The contract's maximum value of $2.7 million for a roof replacement project at a federal facility requires benchmarking against similar projects. Without specific details on the scope of work (e.g., square footage, materials, complexity), a precise value-for-money assessment is challenging. However, the firm-fixed-price nature of the contract provides cost certainty for the government. Comparing this to other large-scale roofing projects for federal buildings could reveal if the pricing is within expected ranges.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, indicating that all responsible sources were permitted to submit bids. This method is generally preferred as it maximizes the potential for competitive pricing and innovation. The number of bidders is not specified, but the use of this procurement method suggests a deliberate effort to solicit a wide range of offers.

Taxpayer Impact: Full and open competition is beneficial for taxpayers as it typically drives down costs through market forces, ensuring the government receives the best possible value for its investment in essential infrastructure.

Public Impact

The primary beneficiary of this contract is the United States Mint, ensuring the operational integrity and security of the West Point facility. The project will deliver essential roof replacement services, protecting valuable assets and operations from environmental damage. The geographic impact is localized to the West Point facility in New York. The contract is expected to create or sustain jobs within the roofing and construction sectors, particularly for the awarded contractor and any subcontractors.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

The specific scope of work and detailed specifications for the roofing materials and installation methods are not readily available, which could lead to unforeseen costs or change orders.
The long contract duration (799 days) may introduce risks related to material price fluctuations or contractor performance over an extended period.
The lack of explicit small business subcontracting goals requires scrutiny to ensure opportunities for smaller firms are not overlooked.

Positive Signals

The use of full and open competition suggests a robust procurement process aimed at achieving competitive pricing.
The firm-fixed-price contract type provides cost predictability and limits the government's exposure to cost overruns.
The award to a single contractor, Iron Sword Enterprises, LLC, implies they met all the technical and financial requirements of the solicitation.

Sector Analysis

The roofing and construction sector is a critical component of federal infrastructure maintenance. This contract falls within the broader construction services category, which sees significant federal spending annually. Benchmarking this project against other large-scale federal building envelope repairs or replacements would provide context on its relative scale and cost.

Small Business Impact

The contract data indicates that small business set-aside was not utilized (ss: false, sb: false). This means the contract was not specifically reserved for small businesses. While this allows for broader competition, it is important to monitor if the prime contractor, Iron Sword Enterprises, LLC, intends to engage small businesses through subcontracting opportunities to foster their participation in federal projects.

Oversight & Accountability

Oversight for this contract would primarily fall under the purview of the United States Mint's contracting officers and potentially the Department of the Treasury's Inspector General. The firm-fixed-price nature of the contract and the definitive contract type provide a structured framework for monitoring performance and payments. Transparency would be enhanced by public reporting of project milestones and any significant deviations from the original plan.

Related Government Programs

Federal Building Maintenance Contracts
US Mint Facility Management
Department of the Treasury Construction Projects
Roofing Services for Government Facilities

Risk Flags

Extended contract duration may increase risk of price escalation.
Lack of specified small business subcontracting goals.
Potential for unforeseen site conditions over a long project timeline.

Frequently Asked Questions

What is this federal contract paying for?

Department of the Treasury awarded $2.7 million to IRON SWORD ENTERPRISES, LLC. UNITED STATES MINT WEST POINT ROOF REPLACEMENT PROJECT. THE MAXIMUM VALUE OF THIS CONTRACT SHALL NOT EXCEED 2.6 MILLION.

Who is the contractor on this award?

The obligated recipient is IRON SWORD ENTERPRISES, LLC.

Which agency awarded this contract?

Awarding agency: Department of the Treasury (United States Mint).

What is the total obligated amount?

The obligated amount is $2.7 million.

What is the period of performance?

Start: 2021-09-22. End: 2023-11-30.

What is the track record of Iron Sword Enterprises, LLC in completing similar federal roofing projects on time and within budget?

Assessing the track record of Iron Sword Enterprises, LLC requires a review of their past performance on federal contracts, particularly those involving roofing replacements of similar scale and complexity. Information on past performance can often be found in federal databases like the Contractor Performance Assessment Reporting System (CPARS). A detailed analysis would involve examining CPARS reports for any indications of cost overruns, schedule delays, quality issues, or disputes. If available, data on the number and value of previously awarded federal contracts to this company would provide further context on their experience and capacity to handle a $2.7 million project.

How does the awarded price of $2.7 million compare to the average cost of similar roofing projects for federal facilities of comparable size and type?

To benchmark the $2.7 million award, one would need to compare it against data from similar federal roofing projects. This involves identifying contracts with comparable square footage, material specifications (e.g., type of roofing system, insulation), and geographic location. Publicly available contract databases and reports from agencies like the Government Accountability Office (GAO) or the Congressional Budget Office (CBO) can provide aggregated data on construction costs. Without specific project details like square footage and material type, a precise comparison is difficult, but the firm-fixed-price nature suggests the government aimed for cost certainty within the competitive bidding process.

What are the potential risks associated with the 799-day duration of this roofing project?

A contract duration of 799 days (over two years) for a roofing project presents several potential risks. Firstly, there is an increased risk of material price escalation, as the cost of roofing materials can fluctuate significantly over an extended period, potentially impacting the contractor's profitability or leading to requests for equitable adjustments if not adequately accounted for in the fixed price. Secondly, prolonged project timelines can increase the likelihood of unforeseen site conditions or changes in regulatory requirements that may necessitate modifications to the original scope of work. Lastly, maintaining consistent oversight and ensuring contractor performance remains high over such a long duration can be challenging for the contracting agency.

What is the expected impact of this contract on the local economy in New York, where the West Point facility is located?

This $2.7 million roofing project is expected to have a positive impact on the local economy in New York, particularly in the region surrounding the West Point facility. The primary impact will be through job creation and direct spending within the local community. Iron Sword Enterprises, LLC, as the prime contractor, will likely hire local labor for the installation and related tasks. Furthermore, the company may procure materials and services from local suppliers, generating additional economic activity. The duration of the project suggests sustained employment and spending over an extended period, contributing to the overall economic well-being of the area.

Are there any specific performance metrics or key performance indicators (KPIs) defined in the contract to measure the success of the roof replacement?

The provided data does not specify the exact performance metrics or Key Performance Indicators (KPIs) embedded within the contract. However, for a firm-fixed-price contract of this nature, performance is typically measured against adherence to the defined scope of work, quality standards for materials and installation, and completion within the specified timeframe (or milestones within that timeframe). The contract likely includes clauses related to warranty periods for the new roof and acceptance criteria upon substantial completion. A thorough review of the contract's statement of work and inspection clauses would reveal the specific KPIs and acceptance criteria used to evaluate the contractor's performance.

Industry Classification

NAICS: Construction › Foundation, Structure, and Building Exterior Contractors › Roofing Contractors

Product/Service Code: MAINT, REPAIR, ALTER REAL PROPERTY › MAINT, ALTER, REPAIR BUILDINGS

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE

Solicitation ID: 2031JG21R00034

Offers Received: 1

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 2359 STATE ROUTE 300, WALLKILL, NY, 12589

Business Categories: Category Business, Limited Liability Corporation, Not Designated a Small Business, Partnership or Limited Liability Partnership, Service Disabled Veteran Owned Business, Special Designations, U.S.-Owned Business, Veteran Owned Business

Financial Breakdown

Contract Ceiling: $2,697,557

Exercised Options: $2,697,557

Current Obligation: $2,697,557

Actual Outlays: $2,669,415

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Cost or Pricing Data: NO

Timeline