GSA Awards $2.99M Elevator Modernization Contract to TK Elevator Corp at Fort Tampa

Contract Overview

Contract Amount: $2,988,814 ($3.0M)

Contractor: TK Elevator Corp

Awarding Agency: General Services Administration

Start Date: 2023-09-15

End Date: 2026-10-30

Contract Duration: 1,141 days

Daily Burn Rate: $2.6K/day

Competition Type: FULL AND OPEN COMPETITION

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: ELEVATOR MODERNIZATION AT RL TIMBERLAKE FOB TAMPA, FL

Place of Performance

Location: TAMPA, HILLSBOROUGH County, FLORIDA, 33602

State: Florida Government Spending

Plain-Language Summary

General Services Administration obligated $3.0 million to TK ELEVATOR CORP for work described as: ELEVATOR MODERNIZATION AT RL TIMBERLAKE FOB TAMPA, FL Key points: 1. Contract value of $2.99 million for elevator modernization. 2. TK Elevator Corp is the sole awardee. 3. Risk of potential overpricing due to limited competition. 4. Spending falls within the 'Other Building Equipment Contractors' sector.

Value Assessment

Rating: fair

The contract value of $2.99 million for elevator modernization appears to be within a reasonable range for a project of this scope. However, without specific per-unit cost data or benchmarks for similar modernization projects at federal facilities, a precise pricing assessment is difficult.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, which generally promotes competitive pricing. However, the award was a delivery order, suggesting it might be part of a larger indefinite-delivery/indefinite-quantity (IDIQ) contract, where the initial competition for the IDIQ sets the stage for subsequent orders.

Taxpayer Impact: The use of full and open competition is intended to ensure taxpayer funds are used efficiently by fostering a competitive environment for contract awards.

Public Impact

Ensures safe and reliable vertical transportation for personnel and equipment at a key military installation. Modernization will likely improve energy efficiency and reduce long-term maintenance costs. Supports the operational readiness of Fort Tampa by maintaining critical infrastructure.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Lack of specific per-unit cost data for benchmarking.
Potential for price escalation in future delivery orders under the same IDIQ.
No small business participation noted.

Positive Signals

Awarded under full and open competition.
Firm fixed price contract type limits cost overrun risk.
Project addresses critical infrastructure needs.

Sector Analysis

This contract falls under the 'Other Building Equipment Contractors' sector, which includes services for the installation, maintenance, and repair of various building systems. Spending benchmarks for elevator modernization at federal facilities are not readily available, but the value appears consistent with large-scale infrastructure projects.

Small Business Impact

The data indicates that this contract did not involve small business participation. While the primary award was under full and open competition, agencies should strive to include small businesses in subcontracting opportunities where feasible to promote economic diversity.

Oversight & Accountability

The General Services Administration (GSA), through its Public Buildings Service, is responsible for managing federal real estate. Oversight of this contract would involve monitoring performance, ensuring adherence to contract terms, and verifying that the modernization meets federal standards and requirements.

Related Government Programs

Other Building Equipment Contractors
General Services Administration Contracting
Public Buildings Service Programs

Risk Flags

Lack of detailed cost breakdown for per-unit analysis.
No small business participation identified.
Potential for future price increases if part of a larger IDIQ with unexercised options.
Limited information on specific modernization technology and its long-term reliability.

Frequently Asked Questions

What is this federal contract paying for?

General Services Administration awarded $3.0 million to TK ELEVATOR CORP. ELEVATOR MODERNIZATION AT RL TIMBERLAKE FOB TAMPA, FL

Who is the contractor on this award?

The obligated recipient is TK ELEVATOR CORP.

Which agency awarded this contract?

Awarding agency: General Services Administration (Public Buildings Service).

What is the total obligated amount?

The obligated amount is $3.0 million.

What is the period of performance?

Start: 2023-09-15. End: 2026-10-30.

What is the expected lifespan of the modernized elevators, and how does this compare to the contract duration?

The contract duration is 1141 days, ending in October 2026. While the specific lifespan of the modernized elevators is not detailed, elevator modernization projects typically aim to extend the operational life of the equipment by 15-20 years or more. This suggests the modernization will significantly outlast the contract performance period, providing long-term value.

Are there any identified risks associated with the specific technology or components being used in the modernization?

The provided data does not specify the exact technology or components being used by TK Elevator Corp. However, as a major elevator manufacturer, they are expected to use industry-standard, reliable equipment. Potential risks could include compatibility issues with existing building infrastructure or the availability of specialized parts for future maintenance, which should be addressed in the contract's technical specifications.

How will the effectiveness of the modernization be measured to ensure it meets the intended operational improvements?

The effectiveness of the modernization will likely be measured through post-completion inspections, performance testing, and user feedback. Key performance indicators could include reduced downtime, improved energy efficiency (measured by energy consumption data), and adherence to safety standards. The GSA's project managers will be responsible for verifying that the modernized elevators meet all specified functional and performance requirements.

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: NEGOTIATED PROPOSAL/QUOTE

Solicitation ID: 47PE0523R0012

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 3005 CHASTAIN MEADOWS PKWY STE 100, MARIETTA, GA, 30066

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: $2,988,814

Exercised Options: $2,988,814

Current Obligation: $2,988,814

Contract Characteristics

Multi-Year Contract: Yes

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: 47PG0818D0001

IDV Type: IDC

Timeline