DoD's $19.15M Navy FCB Support Services Contract Awarded to MYMIC LLC
Contract Overview
Contract Amount: $19,153,113 ($19.2M)
Contractor: Mymic LLC
Awarding Agency: Department of Defense
Start Date: 2009-09-18
End Date: 2012-09-17
Contract Duration: 1,095 days
Daily Burn Rate: $17.5K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 3
Pricing Type: COST PLUS FIXED FEE
Sector: Defense
Official Description: FUNCTIONAL CAPABILITY BOARD (FCB) SUPPORT SERVICES
Place of Performance
Location: PORTSMOUTH, PORTSMOUTH CITY County, VIRGINIA, 23703
State: Virginia Government Spending
Plain-Language Summary
Department of Defense obligated $19.2 million to MYMIC LLC for work described as: FUNCTIONAL CAPABILITY BOARD (FCB) SUPPORT SERVICES Key points: 1. Contract awarded for Functional Capability Board (FCB) Support Services. 2. MYMIC LLC secured the contract valued at $19.15 million. 3. The contract falls under Engineering Services (NAICS 541330). 4. Awarded by the Department of the Navy, part of the Department of Defense. 5. Contract duration was 1095 days, from 2009 to 2012.
Value Assessment
Rating: fair
The contract was a Cost Plus Fixed Fee type, which can lead to higher costs if not managed carefully. The total award value of $19.15M over three years suggests a moderate annual spend.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded through full and open competition, indicating a competitive bidding process. This method generally promotes price discovery and potentially better value for the government.
Taxpayer Impact: The competitive nature of the award suggests efforts to secure fair pricing, but the Cost Plus Fixed Fee structure warrants scrutiny for overall taxpayer impact.
Public Impact
Supports the Department of the Navy's functional capability assessments. Services provided by MYMIC LLC aimed at enhancing operational effectiveness. Contract duration of three years allowed for sustained support.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Cost Plus Fixed Fee contract type can incentivize higher costs.
- Awarded in 2009, data may not reflect current market rates.
- Specific performance metrics and outcomes not detailed in provided data.
Positive Signals
- Awarded via full and open competition.
- Contract provided sustained support over three years.
- Services likely contributed to critical defense capabilities.
Sector Analysis
Engineering services, particularly within the defense sector, are crucial for developing and maintaining complex military systems. Spending benchmarks vary widely based on the specific engineering discipline and project scope.
Small Business Impact
The provided data does not indicate whether small businesses were involved as subcontractors or prime contractors in this award.
Oversight & Accountability
The contract was awarded through full and open competition, suggesting a degree of oversight in the procurement process. Further review of performance reports would be needed to assess ongoing accountability.
Related Government Programs
- Engineering Services
- Department of Defense Contracting
- Department of the Navy Programs
Risk Flags
- Cost Plus Fixed Fee contract type.
- Data is historical (2009-2012).
- Lack of detailed performance metrics.
- No information on small business participation.
Tags
engineering-services, department-of-defense, va, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Defense awarded $19.2 million to MYMIC LLC. FUNCTIONAL CAPABILITY BOARD (FCB) SUPPORT SERVICES
Who is the contractor on this award?
The obligated recipient is MYMIC LLC.
Which agency awarded this contract?
Awarding agency: Department of Defense (Department of the Navy).
What is the total obligated amount?
The obligated amount is $19.2 million.
What is the period of performance?
Start: 2009-09-18. End: 2012-09-17.
What was the specific nature of the FCB support services provided, and how did they contribute to the Navy's mission effectiveness?
The Functional Capability Board (FCB) typically assesses and validates the functional capabilities of systems and processes. The support services likely involved technical analysis, documentation, and recommendations to ensure systems met operational requirements. This contribution is vital for maintaining the effectiveness and readiness of naval assets and operations.
Given the Cost Plus Fixed Fee structure, what was the final profit margin for MYMIC LLC, and was it considered reasonable?
The Cost Plus Fixed Fee (CPFF) structure means the contractor is reimbursed for allowable costs plus a fixed fee representing profit. Without detailed cost data and the negotiated fee percentage, it's impossible to determine the final profit margin. Reasonableness would be assessed against industry standards and the complexity/risk of the services provided.
How did the pricing of this contract compare to similar engineering support services contracts awarded around the same period?
Benchmarking this contract's pricing against similar engineering support services requires access to a broader dataset of government contracts from 2009-2012. Factors like contract scope, duration, specific technical expertise required, and geographic location would influence comparisons. A detailed analysis would be needed to determine if the $19.15M award was competitive.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Architectural, Engineering, and Related Services › Engineering 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: N0002409R3389
Offers Received: 3
Pricing Type: COST PLUS FIXED FEE (U)
Evaluated Preference: NONE
Contractor Details
Address: 200 HIGH ST STE 308, PORTSMOUTH, VA, 23704
Business Categories: Category Business, HUBZone Firm, Service Disabled Veteran Owned Business, Small Business, Special Designations, Veteran Owned Business
Financial Breakdown
Contract Ceiling: $26,490,539
Exercised Options: $26,490,539
Current Obligation: $19,153,113
Contract Characteristics
Commercial Item: COMMERCIAL ITEM PROCEDURES NOT USED
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: N0017805D4463
IDV Type: IDC
Timeline
Start Date: 2009-09-18
Current End Date: 2012-09-17
Potential End Date: 2012-09-17 00:00:00
Last Modified: 2016-09-01
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