VA awards $15.7M contract for artificial limbs to Floyd Brace Company, Inc

Contract Overview

Contract Amount: $15,727 ($15.7K)

Contractor: Floyd Brace Company, Inc.

Awarding Agency: Department of Veterans Affairs

Start Date: 2026-04-06

End Date: 2026-08-05

Contract Duration: 121 days

Daily Burn Rate: $130/day

Competition Type: COMPETED UNDER SAP

Number of Offers Received: 1

Pricing Type: FIRM FIXED PRICE

Sector: Healthcare

Official Description: PSAS ARTIFICIAL LIMB

Place of Performance

Location: CHARLESTON, CHARLESTON County, SOUTH CAROLINA, 29406

State: South Carolina Government Spending

Plain-Language Summary

Department of Veterans Affairs obligated $15,726.8 to FLOYD BRACE COMPANY, INC. for work described as: PSAS ARTIFICIAL LIMB Key points: 1. Contract awarded to Floyd Brace Company, Inc. for artificial limbs. 2. The contract is valued at $15.7 million. 3. Competition method was 'COMPETED UNDER SAP' (Simplified Acquisition Procedures). 4. The sector is Surgical Appliance and Supplies Manufacturing.

Value Assessment

Rating: fair

The contract value of $15.7 million for artificial limbs appears to be within a reasonable range for specialized medical devices. However, without specific details on the quantity and type of limbs, a precise pricing assessment against similar contracts is difficult.

Cost Per Unit: N/A

Competition Analysis

Competition Level: limited

The contract was competed under Simplified Acquisition Procedures (SAP), suggesting a limited competition environment. While SAP aims for efficiency, it may not always yield the lowest possible price compared to full and open competition.

Taxpayer Impact: The use of SAP for this contract may result in a slightly higher cost to taxpayers than if it were fully competed, though the difference is likely marginal given the specialized nature of the product.

Public Impact

Veterans will receive artificial limbs, directly impacting their quality of life and mobility. The contract supports a specific manufacturing sector, contributing to the supply chain for medical devices. The Department of Veterans Affairs ensures continued access to essential prosthetic devices for beneficiaries.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Limited competition under SAP
Potential for higher costs due to limited competition

Positive Signals

Direct benefit to veterans
Contract supports essential medical supplies

Sector Analysis

The Surgical Appliance and Supplies Manufacturing sector (NAICS 339113) encompasses companies that produce artificial limbs, orthopedic devices, and other surgical appliances. Spending in this sector is driven by healthcare demand, particularly from government agencies like the VA.

Small Business Impact

There is no indication that small businesses were involved in this specific contract award. Further analysis would be needed to determine if opportunities were provided or if small business participation was considered.

Oversight & Accountability

The Department of Veterans Affairs is responsible for overseeing this contract to ensure timely delivery and quality of artificial limbs. Accountability rests with the agency to manage the BPA call effectively and monitor contractor performance.

Related Government Programs

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

Risk Flags

Limited competition
Potential for suboptimal pricing
Lack of transparency on unit costs
No explicit small business set-aside

Frequently Asked Questions

What is this federal contract paying for?

Department of Veterans Affairs awarded $15,726.8 to FLOYD BRACE COMPANY, INC.. PSAS ARTIFICIAL LIMB

Who is the contractor on this award?

The obligated recipient is FLOYD BRACE COMPANY, 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 $15,726.8.

What is the period of performance?

Start: 2026-04-06. End: 2026-08-05.

What is the average per-unit cost of the artificial limbs being procured under this contract, and how does it compare to industry benchmarks?

The provided data does not include per-unit cost information, making a direct comparison to industry benchmarks impossible. To assess value, a breakdown of the quantity and types of artificial limbs included in the $15.7 million award is necessary. This would allow for a more granular analysis against similar VA or commercial procurements.

What specific risks are associated with procuring artificial limbs through Simplified Acquisition Procedures (SAP) rather than full and open competition?

Procuring through SAP can limit the pool of potential bidders, potentially leading to less competitive pricing and reduced innovation. There's also a risk that the VA might not secure the most advanced or cost-effective solutions available in the market. Ensuring fair pricing and adequate quality requires careful monitoring within the SAP framework.

How effectively does this contract ensure the long-term availability and technological advancement of artificial limbs for veterans?

This contract ensures immediate availability of artificial limbs for the duration of the award. However, its structure under a BPA call with limited competition may not inherently drive long-term technological advancement. The VA would need separate strategies or future contract vehicles to incentivize innovation and ensure veterans benefit from cutting-edge prosthetic technology.

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: COMPETED UNDER SAP

Solicitation Procedures: SIMPLIFIED ACQUISITION

Offers Received: 1

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 9231 MEDICAL PLAZA DR STE D, NORTH CHARLESTON, SC, 29406

Business Categories: Black American Owned Business, Category Business, Corporate Entity Not Tax Exempt, Minority Owned Business, Self-Certified Small Disadvantaged Business, Service Disabled Veteran Owned Business, Small Business, Special Designations, Subchapter S Corporation, U.S.-Owned Business, Veteran Owned Business

Financial Breakdown

Contract Ceiling: $15,727

Exercised Options: $15,727

Current Obligation: $15,727

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: 36C24722A0047

IDV Type: BPA

Timeline