VA awards $2.3M for elevator maintenance to TK Elevator Corp
Contract Overview
Contract Amount: $231,089 ($231.1K)
Contractor: TK Elevator Corporation
Awarding Agency: Department of Veterans Affairs
Start Date: 2022-05-01
End Date: 2027-04-30
Contract Duration: 1,825 days
Daily Burn Rate: $127/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 1
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: MONTHLY ELEVATOR MAINTENANCE AND REPAIR
Place of Performance
Location: ERIE, ERIE County, PENNSYLVANIA, 16504
Plain-Language Summary
Department of Veterans Affairs obligated $231,089.16 to TK ELEVATOR CORPORATION for work described as: MONTHLY ELEVATOR MAINTENANCE AND REPAIR Key points: 1. Contract value is $2.31 million over 5 years. 2. TK Elevator Corporation is the sole awardee. 3. Risk is moderate due to long-term service contract. 4. Spending falls under 'Other Building Equipment Contractors' sector.
Value Assessment
Rating: fair
The contract value of $2.31 million over five years for monthly elevator maintenance and repair appears reasonable for a large federal agency like the VA. Benchmarking against similar contracts for elevator services in federal buildings would provide a clearer assessment of value.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded using full and open competition, indicating a competitive bidding process. However, the data specifies 'DELIVERY ORDER' which might suggest this is a task order under a larger indefinite-delivery, indefinite-quantity (IDIQ) contract, potentially limiting direct price discovery for this specific order.
Taxpayer Impact: Taxpayer funds are being used for essential building maintenance. The competitive award process aims to ensure fair pricing, but the specific impact depends on the bidding environment and the final negotiated price.
Public Impact
Ensures operational elevators for veterans accessing VA facilities. Supports ongoing maintenance of critical building infrastructure. Potential for service disruptions if maintenance is inadequate.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Long-term contract duration may reduce flexibility.
- Reliance on a single vendor for critical services.
Positive Signals
- Competitive award process.
- Firm fixed price contract provides cost certainty.
Sector Analysis
This contract falls under the 'Other Building Equipment Contractors' sector, which includes services for maintaining and repairing various building systems. Federal spending in this sector is consistent with the need to maintain aging infrastructure across government facilities.
Small Business Impact
The data does not indicate if small businesses were involved in this contract, either as prime contractors or subcontractors. Further analysis would be needed to determine the extent of small business participation.
Oversight & Accountability
The Department of Veterans Affairs is responsible for overseeing this contract. Standard oversight procedures for service contracts, including performance monitoring and payment verification, should be in place to ensure accountability.
Related Government Programs
- Other Building Equipment Contractors
- Department of Veterans Affairs Contracting
- Department of Veterans Affairs Programs
Risk Flags
- Long-term commitment
- Single vendor reliance
- Potential for price escalation in future
- Service quality variability
Tags
other-building-equipment-contractors, department-of-veterans-affairs, pa, delivery-order, 100k-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Veterans Affairs awarded $231,089.16 to TK ELEVATOR CORPORATION. MONTHLY ELEVATOR MAINTENANCE AND REPAIR
Who is the contractor on this award?
The obligated recipient is TK ELEVATOR CORPORATION.
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 $231,089.16.
What is the period of performance?
Start: 2022-05-01. End: 2027-04-30.
What is the historical performance of TK Elevator Corporation on similar federal contracts?
Assessing TK Elevator Corporation's past performance on federal contracts is crucial for understanding their reliability and quality of service. Reviewing past contract awards, performance evaluations, and any documented issues or commendations would provide insight into their track record and suitability for this long-term maintenance agreement.
How does the awarded price compare to market rates for similar elevator maintenance services in the Pennsylvania region?
Comparing the awarded price to regional market rates is essential for determining value for money. Researching pricing from other commercial elevator maintenance providers in Pennsylvania for comparable service levels and elevator types would establish a benchmark. Significant deviations could indicate either an exceptional deal or potential overpayment.
What are the key performance indicators (KPIs) and service level agreements (SLAs) outlined in the contract?
Understanding the KPIs and SLAs is vital for evaluating the contract's effectiveness and ensuring service quality. These metrics define the expected performance standards, response times for repairs, and preventative maintenance schedules. Clear and measurable KPIs/SLAs allow the VA to hold TK Elevator accountable and ensure the reliable operation of elevators.
Industry Classification
NAICS: Construction › Building Equipment Contractors › Other Building Equipment Contractors
Product/Service Code: MAINT, REPAIR, REBUILD EQUIPMENT › MAINT, REPAIR, REBUILD OF EQUIPMENT
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Solicitation ID: 36C24422Q0454
Offers Received: 1
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 4355 EXCEL PKWY STE 800, ADDISON, TX, 75001
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Foreign Owned, Foreign-Owned and U.S.-Incorporated Business, Not Designated a Small Business, Special Designations
Financial Breakdown
Contract Ceiling: $267,749
Exercised Options: $231,093
Current Obligation: $231,089
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: 47QSHA19D005H
IDV Type: FSS
Timeline
Start Date: 2022-05-01
Current End Date: 2027-04-30
Potential End Date: 2027-04-30 00:00:00
Last Modified: 2026-04-03
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