DOT's FAA awards $27M for Test Equipment Calibration to The Bionetics Corp

Contract Overview

Contract Amount: $26,970,890 ($27.0M)

Contractor: THE Bionetics Corp

Awarding Agency: Department of Transportation

Start Date: 2015-09-21

End Date: 2020-06-30

Contract Duration: 1,744 days

Daily Burn Rate: $15.5K/day

Competition Type: FULL AND OPEN COMPETITION

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: TEST EQUIPMENT CALIBRATION IGF::OT::IGF

Place of Performance

Location: NEWPORT NEWS, NEWPORT NEWS CITY County, VIRGINIA, 23601

State: Virginia Government Spending

Plain-Language Summary

Department of Transportation obligated $27.0 million to THE BIONETICS CORP for work described as: TEST EQUIPMENT CALIBRATION IGF::OT::IGF Key points: 1. Contract awarded via full and open competition. 2. The Bionetics Corp. is the sole awardee. 3. Contract duration spans nearly 5 years. 4. Spending is concentrated in the 'Other Electronic and Precision Equipment Repair and Maintenance' NAICS code.

Value Assessment

Rating: fair

The contract's total value is $26.97M over 1744 days. Without specific per-unit data or a clear benchmark for test equipment calibration services, a precise value assessment is difficult. However, the duration suggests a significant ongoing need.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded using full and open competition, indicating a broad solicitation for offers. This method generally promotes price discovery and competitive pricing by allowing all responsible sources to submit bids.

Taxpayer Impact: Taxpayer funds are utilized for essential equipment calibration services, ensuring the accuracy and reliability of testing equipment used by the FAA.

Public Impact

Ensures operational readiness of critical FAA testing equipment. Supports aviation safety by maintaining calibration standards. Provides essential maintenance services for specialized electronic equipment.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Positive Signals

Sector Analysis

This contract falls under the broader category of professional, scientific, and technical services, specifically focusing on equipment repair and maintenance. Benchmarks for this specific niche are hard to establish without more granular data on calibration services.

Small Business Impact

The data indicates that small businesses were not the primary awardee for this contract, as The Bionetics Corp. is likely a larger entity. There is no explicit mention of small business subcontracting goals.

Oversight & Accountability

The contract was awarded through full and open competition, suggesting a degree of oversight in the solicitation process. However, ongoing monitoring of performance and cost-effectiveness would be crucial for accountability.

Related Government Programs

Risk Flags

Tags

other-electronic-and-precision-equipment, department-of-transportation, va, delivery-order, 10m-plus

Frequently Asked Questions

What is this federal contract paying for?

Department of Transportation awarded $27.0 million to THE BIONETICS CORP. TEST EQUIPMENT CALIBRATION IGF::OT::IGF

Who is the contractor on this award?

The obligated recipient is THE BIONETICS CORP.

Which agency awarded this contract?

Awarding agency: Department of Transportation (Federal Aviation Administration).

What is the total obligated amount?

The obligated amount is $27.0 million.

What is the period of performance?

Start: 2015-09-21. End: 2020-06-30.

What is the average cost per calibration event or per piece of equipment serviced under this contract?

The provided data does not include a breakdown of costs per calibration event or per item serviced. To assess value effectively, a detailed cost analysis comparing this contract's per-unit pricing against industry standards or historical data for similar calibration services would be necessary.

Are there any performance metrics or service level agreements (SLAs) associated with this contract to ensure quality and timeliness?

The provided data does not specify performance metrics or SLAs. While the contract is for essential calibration services, the absence of defined performance standards makes it challenging to objectively measure the contractor's effectiveness and ensure consistent quality over the contract's duration.

How does the total contract value compare to the estimated cost of performing these calibration services in-house by the FAA?

A comparison to in-house costs is not possible with the given data. Such an analysis would require detailed information on the FAA's internal resources, staffing, equipment, and overhead costs associated with performing calibration services internally.

Industry Classification

NAICS: Other Services (except Public Administration)Electronic and Precision Equipment Repair and MaintenanceOther Electronic and Precision Equipment Repair and Maintenance

Product/Service Code: MAINT, REPAIR, REBUILD EQUIPMENTMAINT, REPAIR, REBUILD OF EQUIPMENT

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 101 PRODUCTION DR # 100, YORKTOWN, VA, 23693

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $26,970,890

Exercised Options: $26,970,890

Current Obligation: $26,970,890

Contract Characteristics

Commercial Item: COMMERCIAL ITEM PROCEDURES NOT USED

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: DTFAWA15D00015

IDV Type: IDC

Timeline

Start Date: 2015-09-21

Current End Date: 2020-06-30

Potential End Date: 2020-06-30 00:00:00

Last Modified: 2021-02-09

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