VA Awards $28M Contract for Vascular Implants to Bard Peripheral Vascular, Inc

Contract Overview

Contract Amount: $27,991 ($28.0K)

Contractor: Bard Peripheral Vascular, Inc.

Awarding Agency: Department of Veterans Affairs

Start Date: 2024-08-23

End Date: 2026-04-06

Contract Duration: 591 days

Daily Burn Rate: $47/day

Competition Type: NOT COMPETED UNDER SAP

Number of Offers Received: 1

Pricing Type: FIRM FIXED PRICE

Sector: Healthcare

Official Description: IMPLANT

Place of Performance

Location: PROVIDENCE, PROVIDENCE County, RHODE ISLAND, 02908

State: Rhode Island Government Spending

Plain-Language Summary

Department of Veterans Affairs obligated $27,990.71 to BARD PERIPHERAL VASCULAR, INC. for work described as: IMPLANT Key points: 1. Contract value of $27.99 million over its period of performance. 2. Awarded to Bard Peripheral Vascular, Inc., a known entity in the medical device sector. 3. Potential risk associated with sole-source or limited competition procurement methods. 4. Focus on surgical appliances and supplies manufacturing, a critical healthcare sub-sector.

Value Assessment

Rating: fair

The contract value of $27.99 million for vascular implants needs comparison against similar VA or DoD contracts for similar devices to assess pricing reasonableness. Without benchmark data, it's difficult to definitively state if this price is excellent or concerning.

Cost Per Unit: N/A

Competition Analysis

Competition Level: limited

The contract was not competed under SAP, indicating a limited competition or potentially sole-source award. This limits price discovery and may result in higher costs compared to a fully competitive process.

Taxpayer Impact: Taxpayer funds are utilized for this procurement. The lack of robust competition could lead to a less favorable price, impacting the overall value for taxpayers.

Public Impact

Ensures availability of critical medical supplies for veterans' surgical needs. Supports the healthcare infrastructure within the Department of Veterans Affairs. Potential for increased costs to taxpayers due to limited competition.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Limited competition may lead to higher prices.
Lack of detailed justification for limited competition.
Contract duration extends over multiple fiscal years.

Positive Signals

Ensures supply of essential medical devices.
Supports a specific manufacturer's product line.

Sector Analysis

This contract falls within the Surgical Appliance and Supplies Manufacturing sector, specifically for vascular implants. Spending in this area is crucial for healthcare delivery, particularly for veteran care. Benchmarks for similar implant procurements would be necessary for a comprehensive value assessment.

Small Business Impact

The data indicates this contract was not awarded to small businesses (sb: false). Further analysis would be needed to determine if small business set-aside opportunities were considered or if this specific product category is dominated by larger firms.

Oversight & Accountability

Oversight is primarily the responsibility of the Department of Veterans Affairs. The contract type (Firm Fixed Price) provides some cost certainty, but the limited competition aspect warrants scrutiny to ensure fair pricing and accountability.

Related Government Programs

Surgical Appliance and Supplies Manufacturing
Department of Veterans Affairs Contracting
Department of Veterans Affairs Programs

Risk Flags

Limited competition procurement method.
Potential for inflated pricing due to lack of competition.
Extended contract duration.
No small business participation indicated.
Reliance on a single vendor for critical supplies.

Frequently Asked Questions

What is this federal contract paying for?

Department of Veterans Affairs awarded $27,990.71 to BARD PERIPHERAL VASCULAR, INC.. IMPLANT

Who is the contractor on this award?

The obligated recipient is BARD PERIPHERAL VASCULAR, 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 $27,990.71.

What is the period of performance?

Start: 2024-08-23. End: 2026-04-06.

What is the specific justification for limiting competition on this $28 million vascular implant contract?

The provided data states the contract was 'NOT COMPETED UNDER SAP,' implying a limited competition or sole-source justification. A thorough review would require access to the contract file to understand the specific reasons, such as unique technical requirements, urgent need, or lack of available sources, and how these justified bypassing full and open competition.

How does the unit cost of these vascular implants compare to industry benchmarks or previous VA procurements?

Without specific unit cost data and comparable contract information, it is impossible to benchmark this $28 million award. A detailed analysis would involve obtaining the average unit price, the quantity of units procured, and comparing this to historical VA contracts for similar devices or publicly available pricing data for comparable medical supplies.

What is the potential impact on veteran patient care if supply chain issues arise with this sole-source provider?

If this contract represents a sole-source or limited-source procurement for critical vascular implants, any supply chain disruption with Bard Peripheral Vascular, Inc. could significantly impact veteran patient care. The VA would need contingency plans, potentially including identifying alternative suppliers or maintaining safety stock, to mitigate risks to timely and necessary surgical procedures.

Industry Classification

NAICS: Manufacturing › Medical Equipment and Supplies Manufacturing › Surgical Appliance and Supplies Manufacturing

Product/Service Code: MEDICAL/DENTAL/VETERINARY EQPT/SUPP

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: 850 W RIO SALADO PKWY, TEMPE, AZ, 85281

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

Financial Breakdown

Contract Ceiling: $27,991

Exercised Options: $27,991

Current Obligation: $27,991

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Timeline