VA Awards $212.7M Task Order to Veterans Evaluation Services, Inc for Physician Services in FY24

Contract Overview

Contract Amount: $212,675,708 ($212.7M)

Contractor: Veterans Evaluation Services, Inc

Awarding Agency: Department of Veterans Affairs

Start Date: 2023-10-01

End Date: 2024-09-30

Contract Duration: 365 days

Daily Burn Rate: $582.7K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 1

Pricing Type: FIRM FIXED PRICE

Sector: Healthcare

Official Description: FY24 FUNDING TASK ORDER.

Place of Performance

Location: HOUSTON, HARRIS County, TEXAS, 77008

State: Texas Government Spending

Plain-Language Summary

Department of Veterans Affairs obligated $212.7 million to VETERANS EVALUATION SERVICES, INC for work described as: FY24 FUNDING TASK ORDER. Key points: 1. Significant contract value of $212.7 million for physician services. 2. VETERANS EVALUATION SERVICES, INC is the sole awardee. 3. Contract falls under the broad 'Offices of Physicians' NAICS code. 4. Potential for high taxpayer impact due to the large funding amount.

Value Assessment

Rating: good

The contract value of $212.7 million is substantial. Benchmarking against similar physician services contracts would be necessary to fully assess pricing, but the firm-fixed-price structure suggests a defined cost basis.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, indicating a competitive bidding process. This method generally promotes price discovery and aims for the best value for the government.

Taxpayer Impact: The $212.7 million award represents a significant allocation of taxpayer funds for essential physician services.

Public Impact

Veterans will receive critical physician services funded by this task order. The award supports healthcare delivery within the Department of Veterans Affairs. Economic activity is generated through the services provided by VETERANS EVALUATION SERVICES, INC.

Waste & Efficiency Indicators

Waste Risk Score: 58 / 10

Warning Flags

Large contract value could indicate potential for cost overruns if not managed effectively.
Dependence on a single vendor for a significant duration.

Positive Signals

Awarded under full and open competition.
Firm fixed price contract type.

Sector Analysis

This contract falls within the Healthcare sector, specifically for physician services. Spending benchmarks for similar physician services contracts within the VA or other federal agencies would provide further context for the $212.7 million award.

Small Business Impact

The data does not indicate whether small businesses were involved as subcontractors. Further analysis would be needed to determine the extent of small business participation.

Oversight & Accountability

Standard oversight mechanisms for federal contracts will apply, including performance monitoring and financial accountability. The VA's contracting office is responsible for ensuring compliance and performance.

Related Government Programs

Offices of Physicians (except Mental Health Specialists)
Department of Veterans Affairs Contracting
Department of Veterans Affairs Programs

Risk Flags

Large contract value.
Single awardee.
Potential for scope creep if not clearly defined.
Reliance on contractor performance for critical services.

Frequently Asked Questions

What is this federal contract paying for?

Department of Veterans Affairs awarded $212.7 million to VETERANS EVALUATION SERVICES, INC. FY24 FUNDING TASK ORDER.

Who is the contractor on this award?

The obligated recipient is VETERANS EVALUATION SERVICES, INC.

Which agency awarded this contract?

Awarding agency: Department of Veterans Affairs (Department of Veterans Affairs).

What is the total obligated amount?

The obligated amount is $212.7 million.

What is the period of performance?

Start: 2023-10-01. End: 2024-09-30.

What specific physician services are covered under this task order, and how do they align with VA's strategic healthcare goals?

The task order is for physician services under NAICS code 621111. While specific service details are not provided, these typically include general medical examinations, specialist consultations, and diagnostic services. Alignment with VA's goals would depend on whether these services address critical care gaps, support specific veteran populations, or enhance overall healthcare access and quality within the VA system.

What is the historical performance of VETERANS EVALUATION SERVICES, INC on similar VA contracts, and what are the associated risks?

Assessing historical performance is crucial. If VETERANS EVALUATION SERVICES, INC has a strong track record of delivering quality services on time and within budget for the VA, the risk is mitigated. Conversely, past performance issues, such as delays, cost overruns, or quality deficiencies, would elevate the risk profile for this $212.7 million award, potentially impacting veteran care and VA's operational efficiency.

How does the firm-fixed-price structure ensure cost-effectiveness and value for taxpayer money over the contract duration?

The firm-fixed-price (FFP) structure shifts the risk of cost overruns to the contractor, VETERANS EVALUATION SERVICES, INC. This incentivizes efficient performance and cost control. For taxpayer value, it means the price is set upfront, providing budget certainty. However, effectiveness relies on the initial price being competitive and the contractor's ability to deliver the specified services without compromising quality due to cost-saving measures.

Industry Classification

NAICS: Health Care and Social Assistance › Offices of Physicians › Offices of Physicians (except Mental Health Specialists)

Product/Service Code: MEDICAL SERVICES › NURSING, NURSING HOME, EVAL/SCREEN

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Offers Received: 1

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 2707 NORTH LOOP W # 1000, HOUSTON, TX, 77008

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

Financial Breakdown

Contract Ceiling: $212,675,708

Exercised Options: $212,675,708

Current Obligation: $212,675,708

Actual Outlays: $170,846,251

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: 36C10X19D0003

IDV Type: IDC

Timeline