HHS awards $19.9M contract to Precision Medical Products for medical supplies

Contract Overview

Contract Amount: $19,925,660 ($19.9M)

Contractor: Precision Medical Products, Inc.

Awarding Agency: Department of Health and Human Services

Start Date: 2001-09-19

End Date: 2003-09-19

Contract Duration: 730 days

Daily Burn Rate: $27.3K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 1

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: PRECISION MEDICAL, 2001-00073

Place of Performance

Location: MALVERN, CHESTER County, PENNSYLVANIA, 19355, UNITED STATES OF AMERICA

State: Pennsylvania Government Spending

Plain-Language Summary

Department of Health and Human Services obligated $19.9 million to PRECISION MEDICAL PRODUCTS, INC. for work described as: PRECISION MEDICAL, 2001-00073 Key points: 1. Contract value is $19.9 million over two years. 2. Precision Medical Products, Inc. is the sole awardee. 3. The contract was awarded under full and open competition. 4. This award falls under the 'Other' sector for spending analysis.

Value Assessment

Rating: fair

The contract value of $19.9 million for a two-year period appears reasonable for medical supplies. Benchmarking against similar contracts for comparable supplies would be necessary for a definitive assessment.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded using full and open competition, suggesting a robust price discovery process. This method typically yields competitive pricing by allowing all eligible vendors to bid.

Taxpayer Impact: The use of full and open competition is generally favorable for taxpayers, as it promotes market competition and can lead to cost savings.

Public Impact

Ensures continued availability of essential medical supplies for CDC operations. Supports a specific vendor, Precision Medical Products, Inc. The contract duration of two years provides stability for supply chain management.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Lack of specific product details makes precise value assessment difficult.
No indication of small business participation.

Positive Signals

Awarded under full and open competition.
Fixed price contract type can control costs.

Sector Analysis

This contract for medical supplies falls under the broad 'Other' sector. Spending benchmarks for medical supplies vary widely based on the specific items procured and the agency's needs.

Small Business Impact

The data indicates that this contract was not awarded to a small business. Further analysis would be needed to determine if small business set-asides were considered or if opportunities were missed.

Oversight & Accountability

Standard contract award procedures were followed. Oversight would focus on performance delivery and adherence to contract terms by Precision Medical Products, Inc.

Related Government Programs

Department of Health and Human Services Contracting
Centers for Disease Control and Prevention Programs

Risk Flags

Lack of detailed product specification.
No small business participation noted.
Limited insight into performance metrics.
Potential for price variations if specific items are high-cost.

Frequently Asked Questions

What is this federal contract paying for?

Department of Health and Human Services awarded $19.9 million to PRECISION MEDICAL PRODUCTS, INC.. PRECISION MEDICAL, 2001-00073

Who is the contractor on this award?

The obligated recipient is PRECISION MEDICAL PRODUCTS, INC..

Which agency awarded this contract?

Awarding agency: Department of Health and Human Services (Centers for Disease Control and Prevention).

What is the total obligated amount?

The obligated amount is $19.9 million.

What is the period of performance?

Start: 2001-09-19. End: 2003-09-19.

What specific medical supplies are covered under this contract, and how do their unit costs compare to market averages?

The provided data does not specify the exact medical supplies. A detailed review of the contract's statement of work and associated line items is required to identify the supplies and perform a unit cost comparison against market benchmarks. This would clarify if the $19.9 million represents good value for the specific items procured.

What were the key performance indicators (KPIs) for this contract, and how was Precision Medical Products, Inc. evaluated on them?

The data does not include information on specific KPIs or performance evaluations. Effective oversight would involve tracking metrics such as delivery timeliness, product quality, and responsiveness to CDC's needs. A review of past performance reports or contract close-out documentation would be necessary to assess the vendor's performance.

Were there any potential supply chain risks identified during the procurement process, and how were they mitigated?

The provided data does not detail any identified supply chain risks or mitigation strategies. Given the nature of medical supplies, potential risks could include manufacturing delays, quality control issues, or transportation disruptions. A thorough risk assessment during procurement and ongoing monitoring would be crucial for ensuring supply continuity.

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE

Solicitation ID: 2000N00016

Offers Received: 1

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: DENVER

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

Financial Breakdown

Contract Ceiling: $70,146,260

Exercised Options: $70,146,260

Current Obligation: $19,925,660

Timeline