VA Awards $19M Construction Contract to Floyd Construction Corp for Wichita Backfill Project

Contract Overview

Contract Amount: $19,051,983 ($19.1M)

Contractor: Floyd Construction Corp

Awarding Agency: Department of Veterans Affairs

Start Date: 2024-07-08

End Date: 2026-07-18

Contract Duration: 740 days

Daily Burn Rate: $25.7K/day

Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES

Number of Offers Received: 1

Pricing Type: FIRM FIXED PRICE

Sector: Construction

Official Description: WICHITA CONSTRUCTION BACK FILL

Place of Performance

Location: WICHITA, SEDGWICK County, KANSAS, 67201

State: Kansas Government Spending

Plain-Language Summary

Department of Veterans Affairs obligated $19.1 million to FLOYD CONSTRUCTION CORP for work described as: WICHITA CONSTRUCTION BACK FILL Key points: 1. Contract value of $19.05 million for commercial and institutional building construction. 2. Floyd Construction Corp secured the award through full and open competition. 3. Potential risk associated with contract duration and firm fixed-price structure. 4. Spending falls within the broad Commercial and Institutional Building Construction sector.

Value Assessment

Rating: good

The contract value of $19.05 million appears reasonable for a construction project of this nature, especially given the 740-day duration. Benchmarking against similar VA construction contracts would provide a more precise assessment.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded using full and open competition after exclusion of sources, indicating a competitive bidding process. This method generally promotes price discovery and ensures fair market value.

Taxpayer Impact: The competitive nature of the award suggests that taxpayers are likely receiving a fair price for the construction services rendered.

Public Impact

Veterans in Wichita may benefit from improved facilities or infrastructure. Local economy potentially boosted by construction jobs and Floyd Construction Corp's operations. Transparency in government contracting is upheld through competitive bidding.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Contract duration of 740 days could lead to cost overruns if not managed effectively.
Firm fixed-price contract may not account for unforeseen material cost increases.

Positive Signals

Awarded through full and open competition, suggesting competitive pricing.
Contract supports the Department of Veterans Affairs' mission.

Sector Analysis

This contract falls under the Commercial and Institutional Building Construction sector, which encompasses a wide range of building projects. Spending benchmarks for similar VA construction projects would be useful for a more granular comparison.

Small Business Impact

The data indicates that Floyd Construction Corp was awarded the contract, and there is no specific mention of small business participation or subcontracting. Further analysis would be needed to determine the extent of small business involvement.

Oversight & Accountability

The Department of Veterans Affairs is responsible for overseeing this contract. Standard oversight procedures for construction projects, including progress monitoring and quality control, should be in place to ensure successful completion and taxpayer value.

Related Government Programs

Commercial and Institutional Building Construction
Department of Veterans Affairs Contracting
Department of Veterans Affairs Programs

Risk Flags

Extended contract duration (740 days).
Firm fixed-price contract may not fully account for market fluctuations.
Lack of detail on specific 'back fill' scope.
No explicit mention of small business participation.

Frequently Asked Questions

What is this federal contract paying for?

Department of Veterans Affairs awarded $19.1 million to FLOYD CONSTRUCTION CORP. WICHITA CONSTRUCTION BACK FILL

Who is the contractor on this award?

The obligated recipient is FLOYD CONSTRUCTION CORP.

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 $19.1 million.

What is the period of performance?

Start: 2024-07-08. End: 2026-07-18.

What specific backfill work is being performed, and how does it align with VA facility needs?

The specific nature of the 'back fill' work is not detailed in the provided data. It likely refers to filling excavated areas with soil or other materials during construction or repair of VA facilities in Wichita. Understanding the exact scope is crucial to assess its necessity and impact on veteran services or facility functionality.

What are the potential risks associated with a 740-day construction timeline for this project?

A 740-day construction timeline presents several risks, including potential delays due to weather, material shortages, or unforeseen site conditions. Inflationary pressures on labor and materials over this extended period could also impact the final cost, even with a firm fixed-price contract, if contingency planning is inadequate.

How does the $19 million contract value compare to industry benchmarks for similar VA construction projects?

Without specific details on the project's scope (e.g., square footage, complexity, specific type of backfill), a precise benchmark comparison is difficult. However, $19 million for a nearly two-year construction project is substantial. Comparing it to similar VA facility construction or repair contracts in the Midwest region would provide a more accurate assessment of its value.

Industry Classification

NAICS: Construction › Nonresidential Building Construction › Commercial and Institutional Building Construction

Product/Service Code: CONSTRUCT OF STRUCTURES/FACILITIES › CONSTRUCTION OF BUILDINGS

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES

Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE

Solicitation ID: 36C77624R0027

Offers Received: 1

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 12000 E 53RD ST N, WICHITA, KS, 67226

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: $19,051,983

Exercised Options: $19,051,983

Current Obligation: $19,051,983

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED

Cost or Pricing Data: NO

Timeline