IRS leases 10 parking spaces in New Jersey for $90.6K over two years

Contract Overview

Contract Amount: $90,600 ($90.6K)

Contractor: 100 Hamilton Inc.

Awarding Agency: Department of the Treasury

Start Date: 2024-09-01

End Date: 2026-08-31

Contract Duration: 729 days

Daily Burn Rate: $124/day

Competition Type: NOT COMPETED UNDER SAP

Number of Offers Received: 1

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: TEN LEASED PARKING SPACES FOR THE INTERNAL REVENUE SERVICE CRIMINAL INVESTIGATION NEWARK FIELD OFFICE AT 100 HAMILTON PLAZA IN PATTERSON, NEW JERSEY.

Place of Performance

Location: PATERSON, PASSAIC County, NEW JERSEY, 07505

State: New Jersey Government Spending

Plain-Language Summary

Department of the Treasury obligated $90,600 to 100 HAMILTON INC. for work described as: TEN LEASED PARKING SPACES FOR THE INTERNAL REVENUE SERVICE CRIMINAL INVESTIGATION NEWARK FIELD OFFICE AT 100 HAMILTON PLAZA IN PATTERSON, NEW JERSEY. Key points: 1. Lease agreement for essential IRS operational support. 2. Limited competition due to specific location requirements. 3. Potential for cost savings through competitive bidding. 4. Contract duration aligns with operational needs. 5. Geographic concentration of services in New Jersey. 6. Fixed-price contract offers budget predictability.

Value Assessment

Rating: fair

The contract value of $90,600 for 10 parking spaces over 729 days equates to approximately $9,060 per space per year, or $24.82 per day per space. Benchmarking this against market rates for commercial parking in Patterson, New Jersey, would be necessary to determine value for money. Given the specific location requirement for the IRS Criminal Investigation Newark Field Office, direct comparison to general market rates might be challenging, but it appears to be within a reasonable range for dedicated, secure parking.

Cost Per Unit: Approximately $24.82 per space per day.

Competition Analysis

Competition Level: unknown

The contract was not competed under the Simplified Acquisition Procedures (SAP), and the specific competition details are not provided. It is listed as 'NOT COMPETED UNDER SAP,' which suggests it may have been procured through other means, potentially including sole-source or limited competition if specific circumstances applied. Without further information on the procurement process, it's difficult to assess the level of competition.

Taxpayer Impact: The lack of clear competition data makes it difficult to ascertain if taxpayers received the best possible price for these parking services.

Public Impact

Provides essential parking facilities for IRS Criminal Investigation personnel in Newark. Supports the operational continuity of a critical law enforcement function. Benefits IRS agents and staff by ensuring accessible and secure parking. Geographic impact is localized to Patterson, New Jersey. Indirectly supports the workforce by facilitating daily commutes.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Lack of competitive bidding may have led to a higher price than necessary.
Specific location requirement could limit competition and increase costs.
Contract duration of two years might not be optimal if needs change.

Positive Signals

Provides necessary infrastructure for IRS operations.
Fixed-price contract offers cost certainty.
Contract duration aligns with the need for stable parking solutions.

Sector Analysis

This contract falls within the Real Estate and Leasing sector, specifically focusing on commercial property services. The market for parking services is generally localized, driven by demand from businesses and government agencies in specific urban areas. The value of this contract is relatively small compared to larger real estate or facility management contracts, but it is crucial for the operational needs of the IRS field office.

Small Business Impact

There is no indication that this contract involved small business set-asides or subcontracting opportunities. The procurement method and the nature of the service (parking lease) suggest it was likely a direct lease agreement with a property owner or manager.

Oversight & Accountability

Oversight would typically be managed by the contracting officer's representative (COR) within the IRS and the Department of the Treasury. Transparency is limited by the lack of detailed competition information. Inspector General jurisdiction would apply if any fraud or mismanagement were suspected.

Related Government Programs

IRS Facilities Management
Federal Real Estate Leases
Law Enforcement Support Services

Risk Flags

Lack of Competition
Potential for Overpricing
Specific Location Requirement

Frequently Asked Questions

What is this federal contract paying for?

Department of the Treasury awarded $90,600 to 100 HAMILTON INC.. TEN LEASED PARKING SPACES FOR THE INTERNAL REVENUE SERVICE CRIMINAL INVESTIGATION NEWARK FIELD OFFICE AT 100 HAMILTON PLAZA IN PATTERSON, NEW JERSEY.

Who is the contractor on this award?

The obligated recipient is 100 HAMILTON INC..

Which agency awarded this contract?

Awarding agency: Department of the Treasury (Internal Revenue Service).

What is the total obligated amount?

The obligated amount is $90,600.

What is the period of performance?

Start: 2024-09-01. End: 2026-08-31.

What is the track record of 100 Hamilton Inc. as a federal contractor?

Information regarding the specific track record of '100 Hamilton Inc.' as a federal contractor is not readily available within the provided data. Federal procurement databases typically track contract awards, performance history, and past performance evaluations. To assess their track record, a deeper dive into systems like SAM.gov or FPDS would be required to identify any previous federal contracts awarded to this entity, the types of services provided, and any reported performance issues or commendations. Without this specific data, it's difficult to evaluate their reliability and past performance in fulfilling government contracts.

How does the cost of this parking lease compare to similar federal leases in the region?

Direct comparison of this parking lease to similar federal leases in the New Jersey region is challenging without access to a comprehensive database of comparable federal parking contracts. The provided data indicates a cost of $90,600 for 10 spaces over two years, averaging $9,060 per space annually. Factors such as location, security features, proximity to federal facilities, and included amenities significantly influence pricing. To conduct a robust comparison, one would need to identify federal leases for parking in similar urban areas of New Jersey, noting the number of spaces, contract duration, and total value, while also accounting for any unique requirements that might justify price variations.

What are the primary risks associated with this parking lease contract?

The primary risks associated with this parking lease contract include potential overpayment due to a lack of robust competition, as indicated by the 'NOT COMPETED UNDER SAP' status. There's also a risk of service disruption if the lessor fails to maintain the parking facility adequately or if unforeseen issues arise with the property. Furthermore, if the IRS's needs change significantly, the two-year lease term might become a liability if early termination clauses are unfavorable. Security of the leased spaces is another potential risk, requiring diligent oversight to ensure it meets federal standards for sensitive government operations.

How effective is this contract in supporting the IRS Criminal Investigation Newark Field Office's mission?

This contract is likely effective in supporting the IRS Criminal Investigation Newark Field Office's mission by providing essential, dedicated parking for its personnel. Reliable and secure parking is crucial for the daily operations of law enforcement agents, enabling them to respond efficiently and maintain operational readiness. By securing these parking spaces, the IRS ensures that its staff have a consistent place to park, which can reduce commute-related stress and improve overall productivity. The contract's effectiveness hinges on the reliability and security of the leased spaces, ensuring that IRS personnel and their vehicles are safe and accessible.

What are the historical spending patterns for parking services by the IRS or Treasury?

Historical spending patterns for parking services by the IRS or Treasury are not detailed in the provided data. To analyze this, one would need to examine past federal procurement records, looking for contracts related to parking leases, facility rentals, or parking management services awarded to the IRS or the broader Department of the Treasury. This analysis would involve identifying trends in contract values, durations, competition levels, and geographic distribution of spending. Understanding historical spending can help identify potential cost-saving opportunities, assess the reasonableness of current pricing, and evaluate the agency's reliance on leased parking facilities over time.

Could this parking need have been met through a more competitive procurement process?

It is plausible that this parking need could have been met through a more competitive procurement process. The designation 'NOT COMPETED UNDER SAP' suggests that the contract was not subjected to the standard competitive procedures for simplified acquisitions. If the requirement was known in advance and sufficient time was available, a broader solicitation, potentially including multiple parking providers in the vicinity, could have been issued. The specific location requirement for the IRS Criminal Investigation Newark Field Office might have limited the pool of eligible providers, but exploring options through a formal solicitation process, even if it resulted in limited bids, would offer greater assurance of fair pricing and value for taxpayers.

Industry Classification

NAICS: Other Services (except Public Administration) › Other Personal Services › Parking Lots and Garages

Product/Service Code: LEASE/RENT FACILITIES › LEASE/RENTAL OF BUILDINGS

Competition & Pricing

Extent Competed: NOT COMPETED UNDER SAP

Solicitation Procedures: SIMPLIFIED ACQUISITION

Offers Received: 1

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 100 HAMILTON PLZ STE 102 # 2, PATERSON, NJ, 07505

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $184,200

Exercised Options: $90,600

Current Obligation: $90,600

Actual Outlays: $69,000

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED

Timeline