VA Awards $8.36M Contract for PET/CT Scan Services to Mystic Ventures Group LLC
Contract Overview
Contract Amount: $8,358,766 ($8.4M)
Contractor: Mystic Ventures Group LLC
Awarding Agency: Department of Veterans Affairs
Start Date: 2024-04-01
End Date: 2027-03-31
Contract Duration: 1,094 days
Daily Burn Rate: $7.6K/day
Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Number of Offers Received: 1
Pricing Type: FIRM FIXED PRICE
Sector: Healthcare
Official Description: PET/CT SCAN SVC FOR HAMPTON, SALEM & ASHEVILLE VA MEDICAL CENTERS
Place of Performance
Location: CANTON, CHEROKEE County, GEORGIA, 30115
State: Georgia Government Spending
Plain-Language Summary
Department of Veterans Affairs obligated $8.4 million to MYSTIC VENTURES GROUP LLC for work described as: PET/CT SCAN SVC FOR HAMPTON, SALEM & ASHEVILLE VA MEDICAL CENTERS Key points: 1. Contract awarded for essential diagnostic imaging services at three VA Medical Centers. 2. Mystic Ventures Group LLC secured the contract, indicating potential market concentration. 3. The contract's firm fixed-price structure aims to control costs. 4. Competition method suggests a deliberate effort to ensure fair pricing. 5. The duration of the contract is nearly three years.
Value Assessment
Rating: good
The contract's firm fixed-price nature provides cost certainty. Benchmarking against similar imaging service contracts would be beneficial to fully assess value.
Cost Per Unit: N/A
Competition Analysis
Competition Level: limited
The contract was awarded under 'FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES,' suggesting a competitive process but with specific source exclusions. This method aims for fair pricing while potentially narrowing the field of bidders.
Taxpayer Impact: The firm fixed-price contract aims to provide predictable costs for taxpayers over the contract's duration.
Public Impact
Ensures critical diagnostic imaging services for veterans at Hampton, Salem, and Asheville VA Medical Centers. Supports the health and well-being of veterans by providing access to advanced imaging technology. The contract's value of over $8 million highlights the significant investment in veteran healthcare infrastructure.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Limited competition due to source exclusion.
- Potential for price increases if market conditions change significantly.
Positive Signals
- Firm fixed-price contract for cost control.
- Definitive contract provides a clear framework for services.
- Long-term contract ensures service continuity.
Sector Analysis
This contract falls within the Diagnostic Imaging Centers sector, which is crucial for healthcare services. Spending benchmarks in this sector often vary based on technology, location, and service scope.
Small Business Impact
The data does not indicate whether small businesses were involved in this procurement, either as prime contractors or subcontractors. Further analysis would be needed to assess small business participation.
Oversight & Accountability
The Department of Veterans Affairs is responsible for overseeing this contract. Standard oversight mechanisms for definitive contracts should be in place to ensure performance and compliance.
Related Government Programs
- Diagnostic Imaging Centers
- Department of Veterans Affairs Contracting
- Department of Veterans Affairs Programs
Risk Flags
- Limited competition
- Potential for vendor lock-in
- Dependence on a single provider for critical services
- Price escalation risk if not managed proactively
Tags
diagnostic-imaging-centers, department-of-veterans-affairs, ga, definitive-contract, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Veterans Affairs awarded $8.4 million to MYSTIC VENTURES GROUP LLC. PET/CT SCAN SVC FOR HAMPTON, SALEM & ASHEVILLE VA MEDICAL CENTERS
Who is the contractor on this award?
The obligated recipient is MYSTIC VENTURES GROUP LLC.
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 $8.4 million.
What is the period of performance?
Start: 2024-04-01. End: 2027-03-31.
What specific criteria led to the exclusion of certain sources in the competition?
The exclusion of sources typically occurs due to specific technical requirements, past performance issues, or unique capabilities that only a limited number of vendors possess. Understanding these criteria is vital to assess if the competition was truly as open as possible given the service needs.
How does the awarded price compare to industry benchmarks for similar PET/CT scan services?
Without specific benchmark data for comparable PET/CT scan services in the specified geographic regions or for similar contract types, it's difficult to definitively assess if the $8.36 million award represents optimal value. A detailed market analysis comparing pricing models and service inclusions is necessary.
What is the potential impact on service quality if Mystic Ventures Group LLC faces operational challenges?
Given the contract's duration and the critical nature of diagnostic imaging, any operational challenges faced by Mystic Ventures Group LLC could directly impact veteran care. The VA's contingency plans and performance monitoring protocols are crucial to mitigate such risks and ensure uninterrupted service delivery.
Industry Classification
NAICS: Health Care and Social Assistance › Medical and Diagnostic Laboratories › Diagnostic Imaging Centers
Product/Service Code: MEDICAL SERVICES › OTHER MEDICAL SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Solicitation ID: 36C24624R0024
Offers Received: 1
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 105 WHITE CITY CT, CANTON, GA, 30115
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Limited Liability Corporation, Self-Certified Small Disadvantaged Business, Service Disabled Veteran Owned Business, Small Business, Special Designations, U.S.-Owned Business, Veteran Owned Business
Financial Breakdown
Contract Ceiling: $13,550,987
Exercised Options: $8,358,766
Current Obligation: $8,358,766
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Cost or Pricing Data: NO
Timeline
Start Date: 2024-04-01
Current End Date: 2027-03-31
Potential End Date: 2029-03-31 00:00:00
Last Modified: 2026-03-10
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