Interior's $14.5M OFI OLD HOUSE project awarded to Swank Enterprises for building construction

Contract Overview

Contract Amount: $14,522,628 ($14.5M)

Contractor: Swank Enterprises

Awarding Agency: Department of the Interior

Start Date: 2004-09-09

End Date: 2008-05-30

Contract Duration: 1,359 days

Daily Burn Rate: $10.7K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 2

Pricing Type: FIRM FIXED PRICE

Sector: Construction

Official Description: OFI OLD HOUSE PHASE I AND II

Place of Performance

Location: WYOMING

State: Wyoming Government Spending

Plain-Language Summary

Department of the Interior obligated $14.5 million to SWANK ENTERPRISES for work described as: OFI OLD HOUSE PHASE I AND II Key points: 1. The contract value of $14.5 million for building construction is substantial. 2. Full and open competition was utilized, suggesting a competitive bidding process. 3. The project duration of 1359 days indicates a long-term commitment. 4. The award was made by the National Park Service, a key agency within the Department of the Interior.

Value Assessment

Rating: fair

The contract value of $14.5M for building construction appears within a reasonable range for a project of this scope and duration. Benchmarking against similar large-scale construction projects would provide a more definitive assessment.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, which typically fosters competitive pricing and allows for a wide range of potential contractors to bid. This method is generally expected to yield fair market prices.

Taxpayer Impact: Taxpayer funds were utilized through a competitive bidding process, aiming for value for money in the construction of the OFI OLD HOUSE project.

Public Impact

Preservation and renovation of historical structures by the National Park Service. Potential impact on local tourism and economic activity in Wyoming. Job creation through construction activities and related services.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Long project duration may lead to cost overruns or scope creep.
Fixed-price contracts can pose risks if unforeseen issues arise during construction.

Positive Signals

Awarded through full and open competition, promoting fairness.
Project supports historical preservation efforts.

Sector Analysis

This contract falls under the Commercial and Institutional Building Construction sector. Spending in this sector is driven by infrastructure needs, facility upgrades, and new construction projects across various government agencies.

Small Business Impact

The data does not indicate whether small businesses were involved in this contract, either as prime contractors or subcontractors. Further analysis would be needed to determine small business participation.

Oversight & Accountability

The Department of the Interior and the National Park Service are responsible for overseeing this contract. Standard procurement regulations and oversight mechanisms would apply to ensure compliance and project delivery.

Related Government Programs

Commercial and Institutional Building Construction
Department of the Interior Contracting
National Park Service Programs

Risk Flags

Long project duration.
Firm fixed-price contract.
Potential for unforeseen site conditions.
Dependence on contractor's financial stability for long-term project.

Frequently Asked Questions

What is this federal contract paying for?

Department of the Interior awarded $14.5 million to SWANK ENTERPRISES. OFI OLD HOUSE PHASE I AND II

Who is the contractor on this award?

The obligated recipient is SWANK ENTERPRISES.

Which agency awarded this contract?

Awarding agency: Department of the Interior (National Park Service).

What is the total obligated amount?

The obligated amount is $14.5 million.

What is the period of performance?

Start: 2004-09-09. End: 2008-05-30.

What specific historical aspects or functionalities does the OFI OLD HOUSE project aim to preserve or enhance?

The project likely focuses on preserving the architectural integrity and historical significance of the OFI OLD HOUSE. This could involve structural repairs, restoration of original features, and potentially upgrades to meet modern safety and accessibility standards while maintaining its historical character for public appreciation and educational purposes.

What are the primary risks associated with a 1359-day construction project awarded under a firm fixed-price contract?

A long duration increases the risk of material cost fluctuations, labor availability issues, and unforeseen site conditions, all of which can strain a firm fixed-price contract. The contractor bears the brunt of cost overruns, potentially leading to quality compromises or disputes if not managed meticulously.

How effectively does the National Park Service manage long-term construction projects to ensure value and timely completion?

The effectiveness hinges on robust project management, clear communication, and proactive risk mitigation. Regular site inspections, adherence to schedules, and prompt resolution of issues are crucial. The success of this project would be measured by its adherence to budget, timeline, and the quality of preservation achieved.

Industry Classification

NAICS: Construction › Nonresidential Building Construction › Commercial and Institutional Building Construction

Product/Service Code: CONSTRUCT OF STRUCTURES/FACILITIES › CONSTRUCTION OF BUILDINGS

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Offers Received: 2

Pricing Type: FIRM FIXED PRICE (J)

Contractor Details

Address: 615 PONDERA AVENUE, VALIER, MT, 01

Business Categories: Category Business, Not Designated a Small Business

Financial Breakdown

Contract Ceiling: $14,522,628

Exercised Options: $14,522,628

Current Obligation: $14,522,628

Contract Characteristics

Multi-Year Contract: Yes

Timeline