DoD's $33.6M LCSM Contract Awarded to Lockheed Martin Under Full and Open Competition
Contract Overview
Contract Amount: $33,573,016 ($33.6M)
Contractor: Lockheed Martin Corporation
Awarding Agency: Department of Defense
Start Date: 2023-07-01
End Date: 2024-06-30
Contract Duration: 365 days
Daily Burn Rate: $92.0K/day
Competition Type: FULL AND OPEN COMPETITION
Pricing Type: COST PLUS FIXED FEE
Sector: Defense
Official Description: FOSOV LCSM
Place of Performance
Location: LEXINGTON, FAYETTE County, KENTUCKY, 40516
State: Kentucky Government Spending
Plain-Language Summary
Department of Defense obligated $33.6 million to LOCKHEED MARTIN CORPORATION for work described as: FOSOV LCSM Key points: 1. Contract Value: $33.6 million for LCSM services. 2. Competition: Awarded via full and open competition, indicating market availability. 3. Risk: Cost-plus fixed fee contract type introduces potential for cost overruns. 4. Sector: Defense sector, specifically Special Operations Command.
Value Assessment
Rating: good
The contract value of $33.6 million appears reasonable for specialized support services within the defense sector. Benchmarking against similar contracts for LCSM or related support services would provide a more definitive assessment of pricing.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, suggesting that multiple vendors had the opportunity to bid. This method generally promotes competitive pricing and allows the government to select the best value offer.
Taxpayer Impact: Full and open competition aims to ensure taxpayer funds are used efficiently by fostering a competitive environment that drives down costs and improves service quality.
Public Impact
Supports critical U.S. Special Operations Command (SOCOM) missions. Ensures availability of specialized support services for defense operations. Potential for technological advancements through competitive bidding. Impacts the defense industrial base and associated workforce.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Cost-plus fixed fee contract type can incentivize contractor to increase costs.
- Lack of specific performance metrics or KPIs in provided data.
- Potential for scope creep in support services contracts.
Positive Signals
- Awarded under full and open competition.
- Contract supports critical national security missions.
- Clear contract duration of one year.
Sector Analysis
This contract falls within the defense sector, specifically supporting specialized operations. Spending benchmarks for similar support services within SOCOM or the broader Department of Defense would be relevant for comparison.
Small Business Impact
The data indicates the awardee is Lockheed Martin Corporation, a large prime contractor. There is no explicit information on small business participation in this specific delivery order, which warrants further investigation.
Oversight & Accountability
Oversight will be crucial to monitor the performance and costs associated with this cost-plus fixed fee contract, ensuring adherence to the terms and maximizing value for taxpayer dollars.
Related Government Programs
- All Other Support Services
- Department of Defense Contracting
- U.S. Special Operations Command Programs
Risk Flags
- Cost-plus fixed fee contract type.
- Lack of detailed service description.
- Potential for cost overruns.
- No explicit small business participation noted.
Tags
all-other-support-services, department-of-defense, ky, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Defense awarded $33.6 million to LOCKHEED MARTIN CORPORATION. FOSOV LCSM
Who is the contractor on this award?
The obligated recipient is LOCKHEED MARTIN CORPORATION.
Which agency awarded this contract?
Awarding agency: Department of Defense (U.S. Special Operations Command).
What is the total obligated amount?
The obligated amount is $33.6 million.
What is the period of performance?
Start: 2023-07-01. End: 2024-06-30.
What specific LCSM services are being procured, and how do they align with SOCOM's strategic objectives?
The provided data identifies the contract as 'FOSOV LCSM' and the NAICS code as '561990 - All Other Support Services'. While 'LCSM' likely refers to Littoral Combat Ship Mission, the exact nature of the support services procured under this specific delivery order is not detailed. Understanding the precise services is crucial to assess their alignment with SOCOM's strategic objectives and overall mission effectiveness.
What are the key performance indicators (KPIs) for this contract, and how will performance be measured to ensure value for money?
The provided data does not specify the key performance indicators (KPIs) for this contract. For a cost-plus fixed fee contract, robust performance metrics are essential to ensure the contractor is delivering the required services efficiently and effectively. Without defined KPIs, it is challenging to objectively assess performance and guarantee that taxpayer funds are yielding optimal value.
What is the historical cost performance of Lockheed Martin on similar 'All Other Support Services' contracts with the Department of Defense?
Analyzing Lockheed Martin's historical cost performance on comparable 'All Other Support Services' contracts with the DoD is vital for assessing the reasonableness of the current $33.6 million award. Past performance data can reveal trends in cost overruns or savings, providing a benchmark to evaluate the projected costs and potential risks associated with this specific contract. This historical context aids in determining if the current pricing is competitive and sustainable.
Industry Classification
NAICS: Administrative and Support and Waste Management and Remediation Services › Other Support Services › All Other Support Services
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › MANAGEMENT SUPPORT SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Solicitation ID: H9225416R0001
Pricing Type: COST PLUS FIXED FEE (U)
Evaluated Preference: NONE
Contractor Details
Address: 5749 BRIAR HILL RD, LEXINGTON, KY, 40516
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Manufacturer of Goods, Not Designated a Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $33,573,016
Exercised Options: $33,573,016
Current Obligation: $33,573,016
Subaward Activity
Number of Subawards: 60
Total Subaward Amount: $8,084,433
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: H9225417D0001
IDV Type: IDC
Timeline
Start Date: 2023-07-01
Current End Date: 2024-06-30
Potential End Date: 2024-06-30 00:00:00
Last Modified: 2024-06-26
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