DHS FEMA Awards $104K for Residential Dwelling Leases to Walstib LLC

Contract Overview

Contract Amount: $104,400 ($104.4K)

Contractor: Walstib LLC

Awarding Agency: Department of Homeland Security

Start Date: 2024-12-19

End Date: 2026-04-08

Contract Duration: 475 days

Daily Burn Rate: $220/day

Competition Type: NOT COMPETED

Number of Offers Received: 1

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: PAD LEASE IN SUPPORT OF DR4832

Place of Performance

Location: JONESBOROUGH, WASHINGTON County, TENNESSEE, 37659

State: Tennessee Government Spending

Plain-Language Summary

Department of Homeland Security obligated $104,400 to WALSTIB LLC for work described as: PAD LEASE IN SUPPORT OF DR4832 Key points: 1. The contract is for residential dwelling leases, a niche service. 2. Competition is limited as the contract was not competed. 3. Risk is moderate due to the lack of competition and fixed-price nature. 4. The sector is primarily real estate services supporting government operations.

Value Assessment

Rating: questionable

The award amount of $104,400 for a 475-day duration is difficult to benchmark without specific property details. However, the lack of competition raises concerns about whether this price represents fair market value.

Cost Per Unit: N/A

Competition Analysis

Competition Level: sole-source

The contract was not competed, indicating a sole-source or limited competition award. This limits price discovery and potentially leads to higher costs for taxpayers.

Taxpayer Impact: Without competitive bidding, taxpayers may be paying more than necessary for these residential leases.

Public Impact

Ensures housing availability for specific government needs or personnel. Lack of transparency in the procurement process may impact public trust. Potential for inflated costs due to non-competitive award.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Lack of Competition
Limited Transparency
Potential for Overpricing

Positive Signals

Supports critical government operations (DR4832)
Fixed-price contract limits cost overruns

Sector Analysis

This contract falls under real estate leasing services, specifically residential dwellings. Government spending in this area can vary significantly based on location and need, but competitive bidding is standard for ensuring value.

Small Business Impact

There is no indication that small businesses were involved in this specific procurement, either as prime contractors or subcontractors.

Oversight & Accountability

The non-competitive nature of this award warrants further oversight to ensure the price paid is fair and reasonable and that future procurements are competed where possible.

Related Government Programs

Lessors of Residential Buildings and Dwellings
Department of Homeland Security Contracting
Federal Emergency Management Agency Programs

Risk Flags

Lack of competitive bidding
Potential for inflated pricing
Limited transparency in award justification
No clear small business participation

Frequently Asked Questions

What is this federal contract paying for?

Department of Homeland Security awarded $104,400 to WALSTIB LLC. PAD LEASE IN SUPPORT OF DR4832

Who is the contractor on this award?

The obligated recipient is WALSTIB LLC.

Which agency awarded this contract?

Awarding agency: Department of Homeland Security (Federal Emergency Management Agency).

What is the total obligated amount?

The obligated amount is $104,400.

What is the period of performance?

Start: 2024-12-19. End: 2026-04-08.

What specific operational needs justified the sole-source award for these residential leases?

The data indicates the lease is in support of DR4832, likely a disaster relief operation managed by FEMA. The specific justification for a sole-source award would typically involve urgent needs, lack of available alternatives, or unique property requirements that could not be met through a competitive process within the necessary timeframe.

What is the benchmark cost for similar residential leases in the Tennessee region?

Benchmarking is challenging without knowing the exact location, size, and amenities of the leased properties. However, typical market rates for residential leases in Tennessee can be researched through real estate platforms and local property management companies. The absence of this benchmark in the award justification is a concern.

How will FEMA ensure the effectiveness and value of these leases moving forward?

FEMA should establish clear performance metrics for the leased properties, including maintenance standards and responsiveness. Regular reviews of the lease terms and market conditions, even for a sole-source contract, can help identify potential cost savings or issues. Documenting the ongoing need and justification for the lease is also crucial for accountability.

Industry Classification

NAICS: Real Estate and Rental and Leasing › Lessors of Real Estate › Lessors of Residential Buildings and Dwellings

Product/Service Code: LEASE/RENT FACILITIES › LEASE/RENTAL OF BUILDINGS

Competition & Pricing

Extent Competed: NOT COMPETED

Solicitation Procedures: ONLY ONE SOURCE

Offers Received: 1

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 3905 HEMLOCK PARK DR, KINGSPORT, TN, 37663

Business Categories: Category Business, Limited Liability Corporation, Not Designated a Small Business, Small Business, Sole Proprietorship, Special Designations, U.S.-Owned Business, Woman Owned Business, Women Owned Small Business

Financial Breakdown

Contract Ceiling: $104,400

Exercised Options: $104,400

Current Obligation: $104,400

Actual Outlays: $69,120

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Timeline