Treasury's $9.28M Occupational Health Contract Awarded to QED Enterprises Inc
Contract Overview
Contract Amount: $9,279,544 ($9.3M)
Contractor: QED Enterprises Inc.
Awarding Agency: Department of the Treasury
Start Date: 2022-01-01
End Date: 2026-12-31
Contract Duration: 1,825 days
Daily Burn Rate: $5.1K/day
Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Number of Offers Received: 1
Pricing Type: LABOR HOURS
Sector: Other
Official Description: OCCUPATIONAL HEALTH & SAFETY SERVICES
Place of Performance
Location: FORT WORTH, TARRANT County, TEXAS, 76131
State: Texas Government Spending
Plain-Language Summary
Department of the Treasury obligated $9.3 million to QED ENTERPRISES INC. for work described as: OCCUPATIONAL HEALTH & SAFETY SERVICES Key points: 1. Contract value of $9.28M for occupational health services. 2. QED Enterprises Inc. is the sole awardee. 3. Potential risk associated with limited competition. 4. Services fall under Engineering Services (NAICS 541330).
Value Assessment
Rating: fair
The contract's total value is $9.28M over 5 years. Benchmarking against similar occupational health service contracts is difficult without more detailed service descriptions and performance metrics. The pricing structure based on labor hours requires careful monitoring.
Cost Per Unit: N/A
Competition Analysis
Competition Level: limited
The contract was awarded under 'FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES,' indicating a limited competition. This method may not have resulted in the most competitive pricing, as fewer vendors were considered.
Taxpayer Impact: Taxpayer funds are used for this contract. The limited competition raises questions about whether the best possible price was secured for the government.
Public Impact
Ensures a safe working environment for Bureau of Engraving and Printing employees. Supports critical government operations by maintaining workforce health. Potential for cost savings if competition is increased in future procurements.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Limited competition may lead to higher costs.
- Lack of detailed service scope makes benchmarking difficult.
Positive Signals
- Supports essential government functions.
- Contract duration provides stability.
Sector Analysis
Occupational health and safety services are crucial for government agencies to ensure employee well-being and operational continuity. Spending in this sector can vary significantly based on agency size and specific needs.
Small Business Impact
The contract was not awarded to a small business. Further analysis would be needed to determine if small businesses were excluded or if the scope of work was not suitable for them.
Oversight & Accountability
The Bureau of Engraving and Printing is responsible for oversight. The contract's labor hour pricing model necessitates diligent monitoring of hours and rates to ensure cost-effectiveness.
Related Government Programs
- Engineering Services
- Department of the Treasury Contracting
- Bureau of Engraving and Printing Programs
Risk Flags
- Limited competition
- Labor hour pricing model
- Lack of detailed service scope
- No small business participation
Tags
engineering-services, department-of-the-treasury, tx, delivery-order, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of the Treasury awarded $9.3 million to QED ENTERPRISES INC.. OCCUPATIONAL HEALTH & SAFETY SERVICES
Who is the contractor on this award?
The obligated recipient is QED ENTERPRISES INC..
Which agency awarded this contract?
Awarding agency: Department of the Treasury (Bureau of Engraving and Printing).
What is the total obligated amount?
The obligated amount is $9.3 million.
What is the period of performance?
Start: 2022-01-01. End: 2026-12-31.
What is the specific scope of occupational health services provided under this contract?
The provided data does not detail the specific scope of occupational health services. It is categorized under NAICS 541330 (Engineering Services), suggesting a technical or specialized focus. Further information would be needed to understand the exact services, such as health monitoring, safety assessments, industrial hygiene, or specialized medical support.
What factors led to the exclusion of sources in this competition?
The data indicates 'FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES,' but the specific reasons for excluding other potential sources are not provided. This could be due to pre-qualification requirements, specific technical expertise needed, or other justifications documented in the procurement file. Understanding these reasons is key to assessing the fairness of the competition.
How does the labor hour pricing compare to industry standards for similar services?
Without a detailed breakdown of labor categories, rates, and the estimated hours for each, a direct comparison of the labor hour pricing to industry standards is not feasible. Benchmarking would require access to the contract's detailed pricing structure and comparison with publicly available data for similar government or commercial contracts.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Architectural, Engineering, and Related Services › Engineering Services
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › PROFESSIONAL SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Offers Received: 1
Pricing Type: LABOR HOURS (Z)
Evaluated Preference: NONE
Contractor Details
Address: 800 CORPORATE DR STE 301, STAFFORD, VA, 22554
Business Categories: 8(a) Program Participant, Category Business, Corporate Entity Not Tax Exempt, Self-Certified Small Disadvantaged Business, Service Disabled Veteran Owned Business, Small Business, Special Designations, Subchapter S Corporation, U.S.-Owned Business, Veteran Owned Business
Financial Breakdown
Contract Ceiling: $9,279,544
Exercised Options: $9,279,544
Current Obligation: $9,279,544
Actual Outlays: $6,346,402
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: 47QRAD20D8122
IDV Type: IDC
Timeline
Start Date: 2022-01-01
Current End Date: 2026-12-31
Potential End Date: 2026-12-31 00:00:00
Last Modified: 2026-04-03
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