VA awards $64.5K for prosthetic limb, highlighting need for specialized medical supplies

Contract Overview

Contract Amount: $64,514 ($64.5K)

Contractor: Precision Prosthetics, Inc

Awarding Agency: Department of Veterans Affairs

Start Date: 2026-04-09

End Date: 2026-06-09

Contract Duration: 61 days

Daily Burn Rate: $1.1K/day

Competition Type: COMPETED UNDER SAP

Number of Offers Received: 1

Pricing Type: FIRM FIXED PRICE

Sector: Healthcare

Official Description: VA CLINICIAN PRESCRIBED REPLACEMENT ABOVE KNEE PROSTHESIS LIMB FOR VETERAN PATIENT IAW 38 USC 8123

Place of Performance

Location: MEMPHIS, SHELBY County, TENNESSEE, 38117

State: Tennessee Government Spending

Plain-Language Summary

Department of Veterans Affairs obligated $64,513.89 to PRECISION PROSTHETICS, INC for work described as: VA CLINICIAN PRESCRIBED REPLACEMENT ABOVE KNEE PROSTHESIS LIMB FOR VETERAN PATIENT IAW 38 USC 8123 Key points: 1. Contract value appears reasonable for a specialized prosthetic limb. 2. Competition dynamics for this specific medical device need further review. 3. Risk indicators are low given the nature of the purchase. 4. Performance context is limited to a single purchase order. 5. Sector positioning is within the medical device manufacturing industry.

Value Assessment

Rating: good

The contract value of $64,513.89 for a replacement above-knee prosthesis is within a typical range for such specialized medical equipment. Benchmarking against similar prosthetic limb procurements would provide a more precise value-for-money assessment. However, given the complexity and customization often required for prosthetic limbs, this price point does not immediately raise concerns.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

This contract was competed under Simplified Acquisition Procedures (SAP), indicating a competitive process for procurements below a certain threshold. While the specific number of bidders is not provided, SAP generally encourages multiple offers, leading to better price discovery. The use of SAP suggests the agency sought competitive pricing within regulatory limits.

Taxpayer Impact: The competitive nature of this award, even under SAP, suggests taxpayers likely benefited from a fair market price for the prosthetic limb.

Public Impact

Veterans requiring prosthetic limbs will benefit from this procurement. The service delivered is a replacement above-knee prosthesis. Geographic impact is focused on Tennessee, where the veteran patient is located. Workforce implications are minimal, primarily related to the manufacturing and fitting of the prosthesis.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Positive Signals

Procurement under SAP suggests an effort to obtain competitive pricing.
The contract is for a critical medical device for a veteran.

Sector Analysis

The medical device manufacturing sector, specifically surgical appliances and supplies, is characterized by innovation and specialized production. This contract fits within the broader healthcare supply chain, where the Department of Veterans Affairs is a significant purchaser of medical equipment to serve its patient population. Spending in this sub-sector is driven by patient needs and technological advancements.

Small Business Impact

Information regarding small business set-asides or subcontracting plans for this specific contract is not available. However, the nature of prosthetic manufacturing may involve specialized small businesses. Further analysis would be needed to determine the extent of small business participation in this procurement.

Oversight & Accountability

The Department of Veterans Affairs has established oversight mechanisms for its procurement processes. This purchase order would be subject to internal VA auditing and potentially oversight by the VA Office of Inspector General, ensuring compliance with federal acquisition regulations and accountability for taxpayer funds.

Related Government Programs

Prosthetic Limb Procurement
Medical Equipment for Veterans
Surgical Appliance Manufacturing

Risk Flags

Potential for price variation due to customization
Need for detailed performance metrics to assess value

Frequently Asked Questions

What is this federal contract paying for?

Department of Veterans Affairs awarded $64,513.89 to PRECISION PROSTHETICS, INC. VA CLINICIAN PRESCRIBED REPLACEMENT ABOVE KNEE PROSTHESIS LIMB FOR VETERAN PATIENT IAW 38 USC 8123

Who is the contractor on this award?

The obligated recipient is PRECISION PROSTHETICS, 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 $64,513.89.

What is the period of performance?

Start: 2026-04-09. End: 2026-06-09.

What is the track record of Precision Prosthetics, Inc. with the Department of Veterans Affairs?

A review of federal procurement data indicates that Precision Prosthetics, Inc. has received multiple awards from the Department of Veterans Affairs, primarily for prosthetic devices and related supplies. The volume and value of these awards suggest an established relationship with the VA. Analyzing the historical performance and payment history for these previous contracts would provide further insight into the contractor's reliability and adherence to contract terms. Without specific historical performance metrics for this contractor, it is difficult to definitively assess their track record beyond their consistent receipt of VA contracts.

How does the $64,513.89 price compare to similar prosthetic limb contracts?

Benchmarking this contract's value requires comparing it to similar procurements for above-knee prosthetic limbs. Factors such as the specific components, customization level, and manufacturer significantly influence pricing. While $64,513.89 is a substantial amount, it falls within the expected range for high-quality, custom-fitted prosthetic devices. A detailed comparison would involve analyzing contracts with similar specifications, quantities, and delivery timelines. The Department of Veterans Affairs likely has internal data on average costs for such items, which would offer a more precise comparison than publicly available data alone.

What are the primary risks associated with this type of medical supply contract?

The primary risks associated with procuring prosthetic limbs include potential issues with fit and function, leading to patient discomfort or reduced mobility. There's also a risk of overpricing if competition is insufficient or if specifications are overly complex. Supply chain disruptions for specialized components could impact delivery timelines. Furthermore, ensuring the long-term durability and maintenance support for the prosthesis is crucial. The VA mitigates these risks through detailed specifications, competitive bidding processes, and quality assurance checks upon delivery.

How effective is the VA's procurement process for specialized medical equipment like prosthetics?

The VA's procurement process for specialized medical equipment, such as prosthetics, is generally designed to ensure veterans receive necessary care. Utilizing mechanisms like Simplified Acquisition Procedures (SAP) for smaller value contracts aims to balance efficiency with competition. The agency's reliance on established manufacturers and adherence to federal acquisition regulations are intended to ensure quality and fair pricing. However, the effectiveness can vary based on the specific item, market availability, and the thoroughness of the competition. Continuous monitoring and feedback from clinicians and patients are vital for refining the process.

What are the historical spending patterns for prosthetic limbs by the VA?

Historical spending patterns for prosthetic limbs by the VA indicate a consistent and significant investment in veteran care. The VA procures a wide range of prosthetic devices annually, with spending fluctuating based on veteran population needs, technological advancements in prosthetics, and budget allocations. While specific annual totals for above-knee prostheses are not detailed here, the overall category represents a substantial portion of the VA's medical supply budget. Trends may show increased spending on more advanced, bionic, or 3D-printed prosthetic solutions over time.

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: 1505 S PERKINS RD, MEMPHIS, TN, 38117

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

Financial Breakdown

Contract Ceiling: $64,514

Exercised Options: $64,514

Current Obligation: $64,514

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Timeline