NIAID Awards $20.4M Specimen Repository Contract to Precision for Medicine, Inc
Contract Overview
Contract Amount: $20,383,408 ($20.4M)
Contractor: Precision for Medicine, Inc.
Awarding Agency: Department of Health and Human Services
Start Date: 2021-09-30
End Date: 2026-09-29
Contract Duration: 1,825 days
Daily Burn Rate: $11.2K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 3
Pricing Type: COST PLUS AWARD FEE
Sector: R&D
Official Description: NIAID SPECIMEN REPOSITORY
Place of Performance
Location: FREDERICK, FREDERICK County, MARYLAND, 21701
State: Maryland Government Spending
Plain-Language Summary
Department of Health and Human Services obligated $20.4 million to PRECISION FOR MEDICINE, INC. for work described as: NIAID SPECIMEN REPOSITORY Key points: 1. Contract value of $20.4 million over 5 years. 2. Awarded under full and open competition. 3. Focuses on research and development in life sciences. 4. Potential for significant impact on medical research.
Value Assessment
Rating: good
The contract type is Cost Plus Award Fee, which incentivizes performance. The total award value is substantial for a 5-year research and development effort.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded through full and open competition, suggesting a robust price discovery process. This method typically leads to competitive pricing.
Taxpayer Impact: The investment supports critical research infrastructure, potentially leading to advancements that benefit the public.
Public Impact
Supports critical medical research by providing essential specimen repository services. Enhances the National Institutes of Health's capacity for scientific discovery. Could lead to breakthroughs in understanding and treating diseases.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Positive Signals
- Full and open competition ensures market-driven pricing.
- Long-term contract provides stability for research continuity.
- Focus on R&D aligns with national health priorities.
Sector Analysis
This contract falls under the Research and Development in the Physical, Engineering, and Life Sciences sector. Spending in this area is crucial for scientific advancement and innovation.
Small Business Impact
The data indicates that small businesses were not directly involved in this specific award, as the 'sb' field is false. Further analysis would be needed to determine if small businesses are involved as subcontractors.
Oversight & Accountability
The contract is managed by the National Institutes of Health (NIH), a well-established agency with robust oversight mechanisms for research grants and contracts.
Related Government Programs
- Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)
- Department of Health and Human Services Contracting
- National Institutes of Health Programs
Risk Flags
- Potential for cost overruns inherent in Cost Plus Award Fee contracts.
- Dependence on a single contractor for critical specimen management.
- Scope creep could increase the total contract value beyond initial estimates.
Tags
research-and-development-in-the-physical, department-of-health-and-human-services, md, definitive-contract, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Health and Human Services awarded $20.4 million to PRECISION FOR MEDICINE, INC.. NIAID SPECIMEN REPOSITORY
Who is the contractor on this award?
The obligated recipient is PRECISION FOR MEDICINE, INC..
Which agency awarded this contract?
Awarding agency: Department of Health and Human Services (National Institutes of Health).
What is the total obligated amount?
The obligated amount is $20.4 million.
What is the period of performance?
Start: 2021-09-30. End: 2026-09-29.
What specific types of specimens will be managed under this repository contract?
The contract details do not specify the exact types of specimens. However, given the NIAID's focus on infectious diseases and immunology, it likely includes biological samples such as blood, tissue, or viral cultures relevant to ongoing research projects. Further clarification from NIAID would be needed for precise details.
What are the key performance metrics that determine the 'award fee' in this Cost Plus Award Fee contract?
The specific award fee criteria are not detailed in the provided data. Typically, for research support contracts, award fees are tied to achieving milestones, meeting quality standards for specimen handling and storage, timely delivery of services, and overall contribution to research objectives. NIAID would define these metrics.
How does this specimen repository contribute to the overall effectiveness of NIAID's research programs?
An efficient and reliable specimen repository is fundamental to the effectiveness of NIAID's research. It ensures that high-quality biological samples are available for various studies, enabling reproducible results and facilitating collaborative research. This infrastructure supports the entire research lifecycle, from discovery to clinical application.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Scientific Research and Development Services › Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology)
Product/Service Code: RESEARCH AND DEVELOPMENT › N – Health R&D Services
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Solicitation ID: 75N93020R00006
Offers Received: 3
Pricing Type: COST PLUS AWARD FEE (R)
Evaluated Preference: NONE
Contractor Details
Address: 8425 PRECISION WAY UNIT M, FREDERICK, MD, 21701
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $31,441,069
Exercised Options: $20,383,408
Current Obligation: $20,383,408
Actual Outlays: $16,874,897
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: YES
Timeline
Start Date: 2021-09-30
Current End Date: 2026-09-29
Potential End Date: 2028-09-29 00:00:00
Last Modified: 2025-06-30
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