DoD's $20.3M Corrosion Engineering Contract Awarded to Vision Point Systems Under Full and Open Competition

Contract Overview

Contract Amount: $20,357,428 ($20.4M)

Contractor: Vision Point Systems, Inc.

Awarding Agency: Department of Defense

Start Date: 2010-08-13

End Date: 2015-08-12

Contract Duration: 1,825 days

Daily Burn Rate: $11.2K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 2

Pricing Type: COST NO FEE

Sector: Other

Official Description: CORROSION AND MATERIALS ENGINEERING SERVICES

Place of Performance

Location: BLACKSBURG, MONTGOMERY County, VIRGINIA, 24060

State: Virginia Government Spending

Plain-Language Summary

Department of Defense obligated $20.4 million to VISION POINT SYSTEMS, INC. for work described as: CORROSION AND MATERIALS ENGINEERING SERVICES Key points: 1. The contract, valued at $20.3 million, focuses on essential corrosion and materials engineering services. 2. Awarded to Vision Point Systems, Inc., the contract was secured through full and open competition. 3. The duration of 1825 days (5 years) suggests a need for sustained engineering support. 4. The 'COST NO FEE' contract type indicates a focus on cost control and contractor accountability.

Value Assessment

Rating: good

The contract's 'COST NO FEE' structure suggests a focus on managing costs effectively. Benchmarking against similar engineering service contracts would provide further insight into the pricing's competitiveness.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The use of full and open competition is a positive indicator for price discovery, allowing multiple vendors to bid and potentially driving down costs.

Taxpayer Impact: Full and open competition generally leads to better value for taxpayers by fostering a competitive bidding environment.

Public Impact

Ensures critical infrastructure and assets are protected from corrosion, extending their lifespan. Supports the Department of the Navy's operational readiness and maintenance capabilities. Provides specialized engineering expertise that may not be readily available in-house.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Lack of specific performance metrics in provided data.
Potential for cost overruns if 'COST NO FEE' is not strictly managed.

Positive Signals

Awarded through full and open competition.
Long-term contract indicates sustained need and potential for stable service delivery.

Sector Analysis

This contract falls under Engineering Services, a sector critical for maintaining complex government assets. Spending in this area is often driven by the need for specialized technical expertise to ensure safety, longevity, and operational effectiveness of equipment and infrastructure.

Small Business Impact

The provided data does not indicate any specific subcontracting goals or participation by small businesses in this contract. Further investigation would be needed to assess small business involvement.

Oversight & Accountability

The 'COST NO FEE' contract type implies a level of oversight focused on cost management. However, the specific oversight mechanisms and accountability measures are not detailed in the provided data.

Related Government Programs

Engineering Services
Department of Defense Contracting
Department of the Navy Programs

Risk Flags

Contract duration is substantial (5 years).
Contract type is 'COST NO FEE', requiring careful cost management.
Specific performance metrics are not detailed.
Small business participation is not specified.

Frequently Asked Questions

What is this federal contract paying for?

Department of Defense awarded $20.4 million to VISION POINT SYSTEMS, INC.. CORROSION AND MATERIALS ENGINEERING SERVICES

Who is the contractor on this award?

The obligated recipient is VISION POINT SYSTEMS, INC..

Which agency awarded this contract?

Awarding agency: Department of Defense (Department of the Navy).

What is the total obligated amount?

The obligated amount is $20.4 million.

What is the period of performance?

Start: 2010-08-13. End: 2015-08-12.

What specific corrosion and materials engineering challenges does this contract address for the Department of the Navy?

This contract likely addresses a range of challenges, including preventing material degradation in harsh maritime environments, extending the service life of naval vessels and equipment, and ensuring compliance with material standards. It supports the Navy's need for specialized expertise in areas like metallurgy, coatings, and failure analysis to maintain readiness and reduce lifecycle costs.

How does the 'COST NO FEE' contract structure impact risk for both the government and the contractor?

For the government, 'COST NO FEE' aims to limit the contractor's profit to a fixed amount, shifting some cost risk to the contractor. The contractor bears the risk of cost overruns exceeding the agreed-upon fee. This structure incentivizes the contractor to manage costs efficiently to protect their profit margin.

What is the long-term effectiveness of this type of engineering service contract in maintaining naval assets?

Such contracts are generally effective for ensuring specialized engineering support is available when needed, contributing to the longevity and reliability of naval assets. The effectiveness hinges on clear performance standards, robust oversight, and the contractor's ability to deliver high-quality technical solutions consistently over the contract's duration.

Industry Classification

NAICS: Professional, Scientific, and Technical Services › Architectural, Engineering, and Related Services › Engineering Services

Product/Service Code: RESEARCH AND DEVELOPMENT › C – National Defense R&D Services

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Solicitation ID: N0002409R3240

Offers Received: 2

Pricing Type: COST NO FEE (S)

Evaluated Preference: NONE

Contractor Details

Address: 1700 KRAFT DR STE 2150, BLACKSBURG, VA, 24060

Business Categories: Asian Pacific American Owned Business, Category Business, HUBZone Firm, Minority Owned Business, Self-Certified Small Disadvantaged Business, Small Business, Small Disadvantaged Business, Special Designations

Financial Breakdown

Contract Ceiling: $21,530,110

Exercised Options: $21,530,110

Current Obligation: $20,357,428

Contract Characteristics

Commercial Item: COMMERCIAL ITEM PROCEDURES NOT USED

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: N0017805D4649

IDV Type: IDC

Timeline