DOE Awards $28.8M for Better Buildings Initiative Consulting to RE Tech Advisors, LLC
Contract Overview
Contract Amount: $28,865,708 ($28.9M)
Contractor: RE Tech Advisors, LLC
Awarding Agency: Department of Energy
Start Date: 2020-05-14
End Date: 2025-03-13
Contract Duration: 1,764 days
Daily Burn Rate: $16.4K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 1
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: TASK ORDER FOR BETTER BUILDINGS INITIATIVE STRATEGIC PARTNERSHIP SUPPORT SERVICES
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20001
Plain-Language Summary
Department of Energy obligated $28.9 million to RE TECH ADVISORS, LLC for work described as: TASK ORDER FOR BETTER BUILDINGS INITIATIVE STRATEGIC PARTNERSHIP SUPPORT SERVICES Key points: 1. Contract awarded to RE Tech Advisors, LLC for strategic partnership support. 2. The contract is for Administrative Management and General Management Consulting Services. 3. Awarded under full and open competition, indicating a competitive bidding process. 4. The contract duration is 1764 days, ending March 13, 2025.
Value Assessment
Rating: good
The contract value of $28.8 million over approximately 4.8 years appears reasonable for specialized consulting services. Benchmarking against similar large-scale strategic initiative support contracts would provide a more precise assessment.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded through full and open competition, suggesting a robust process for selecting the most qualified offeror. This method generally promotes competitive pricing and ensures fair market value.
Taxpayer Impact: Taxpayer funds are being used for strategic consulting to support the Better Buildings Initiative, aiming for energy efficiency improvements.
Public Impact
Supports the Department of Energy's Better Buildings Initiative, which aims to improve energy efficiency in buildings. The services provided could lead to cost savings for businesses and institutions through energy efficiency measures. The contract duration suggests a long-term commitment to supporting this initiative. Awarded to a single contractor, RE Tech Advisors, LLC.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of specific performance metrics in provided data.
- Potential for scope creep in long-term consulting contracts.
Positive Signals
- Awarded through full and open competition.
- Supports a key government initiative for energy efficiency.
Sector Analysis
This contract falls under management consulting services, a broad sector supporting government initiatives. Benchmarks for similar large-scale consulting contracts for strategic partnerships vary widely based on scope and duration.
Small Business Impact
The contract was not awarded to a small business. Further analysis would be needed to determine if small business subcontracting opportunities exist within this contract.
Oversight & Accountability
The Department of Energy is responsible for oversight of this contract. The firm fixed price structure provides some cost control, but ongoing monitoring of performance and deliverables is crucial.
Related Government Programs
- Administrative Management and General Management Consulting Services
- Department of Energy Contracting
- Department of Energy Programs
Risk Flags
- Contract duration is lengthy.
- No small business award.
- Specific performance metrics not detailed.
- Potential for scope creep.
Tags
administrative-management-and-general-ma, department-of-energy, dc, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Energy awarded $28.9 million to RE TECH ADVISORS, LLC. TASK ORDER FOR BETTER BUILDINGS INITIATIVE STRATEGIC PARTNERSHIP SUPPORT SERVICES
Who is the contractor on this award?
The obligated recipient is RE TECH ADVISORS, LLC.
Which agency awarded this contract?
Awarding agency: Department of Energy (Department of Energy).
What is the total obligated amount?
The obligated amount is $28.9 million.
What is the period of performance?
Start: 2020-05-14. End: 2025-03-13.
What specific outcomes or energy savings targets are associated with the Better Buildings Initiative support services?
The provided data does not specify the exact outcomes or energy savings targets. However, the Better Buildings Initiative generally aims to improve energy efficiency in commercial, industrial, and residential buildings, leading to reduced energy consumption and costs. The strategic partnership support services likely focus on facilitating these improvements through technical assistance, data analysis, and stakeholder engagement.
What is the potential risk of cost overruns given the firm fixed price contract and long duration?
While a firm fixed price contract aims to control costs, a long duration (1764 days) can introduce risks of cost overruns if the initial pricing did not adequately account for potential inflation, unforeseen challenges, or scope adjustments. Effective project management and change control processes by the Department of Energy are critical to mitigating these risks and ensuring the contractor remains within the agreed-upon price.
How effectively is RE Tech Advisors, LLC contributing to the goals of the Better Buildings Initiative?
Assessing the effectiveness requires reviewing performance reports and the actual impact on energy efficiency metrics achieved through the initiative. The contract's success hinges on the contractor's ability to provide valuable strategic guidance, facilitate partnerships, and contribute to measurable improvements in building energy performance, which are not detailed in the provided award data.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Management, Scientific, and Technical Consulting Services › Administrative Management and General Management Consulting Services
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › PROFESSIONAL SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Solicitation ID: 89243420QEE000045
Offers Received: 1
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 1676 INTERNATIONAL DR, MCLEAN, VA, 22102
Business Categories: Category Business, Limited Liability Corporation, Not Designated a Small Business, Partnership or Limited Liability Partnership, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $29,380,761
Exercised Options: $29,380,761
Current Obligation: $28,865,708
Actual Outlays: $23,377,570
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: GS10F216BA
IDV Type: FSS
Timeline
Start Date: 2020-05-14
Current End Date: 2025-03-13
Potential End Date: 2025-03-13 00:00:00
Last Modified: 2024-07-25
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