DoD's $38.9M Ship Repair Contract Awarded to GEORGE G. SHARP, INC. Under Full and Open Competition
Contract Overview
Contract Amount: $38,917,927 ($38.9M)
Contractor: George G. Sharp, Inc.
Awarding Agency: Department of Defense
Start Date: 2002-12-16
End Date: 2007-09-30
Contract Duration: 1,749 days
Daily Burn Rate: $22.3K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 3
Pricing Type: COST PLUS AWARD FEE
Sector: Other
Place of Performance
Location: BREMERTON, KITSAP County, WASHINGTON, 98310
Plain-Language Summary
Department of Defense obligated $38.9 million to GEORGE G. SHARP, INC. for work described as: Key points: 1. The contract value is $38.9 million. 2. GEORGE G. SHARP, INC. was the awardee. 3. The contract was awarded under full and open competition. 4. The contract falls under the Ship Building and Repairing sector.
Value Assessment
Rating: fair
The contract type is Cost Plus Award Fee (CPAF), which can lead to higher costs if not managed effectively. The award fee structure incentivizes performance but requires robust oversight to ensure fair pricing.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded through full and open competition, suggesting a competitive bidding process. This method generally promotes price discovery and can lead to more favorable pricing for the government.
Taxpayer Impact: The competitive nature of the award is positive for taxpayers, as it likely resulted in a more efficient use of funds compared to a sole-source procurement.
Public Impact
Ensures continued operation and maintenance of naval vessels. Supports the shipbuilding and repair industry, potentially creating jobs. Provides critical services to the Department of the Navy's fleet readiness.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- CPAF contract type requires careful monitoring to control costs.
- Long duration (1749 days) increases risk of cost overruns and scope creep.
Positive Signals
- Awarded under full and open competition.
- Clear NAICS code (336611) indicates a specific industry focus.
Sector Analysis
The shipbuilding and repair sector is capital-intensive and requires specialized expertise. Spending benchmarks vary widely based on the complexity and scale of the repair or construction.
Small Business Impact
No specific information is provided regarding small business participation in this contract. Further analysis would be needed to determine if small businesses were involved as subcontractors or prime contractors.
Oversight & Accountability
The CPAF contract type necessitates strong oversight from the Department of the Navy to ensure performance standards are met and costs are controlled. Regular reviews of award fee determinations are crucial.
Related Government Programs
- Ship Building and Repairing
- Department of Defense Contracting
- Department of the Navy Programs
Risk Flags
- Potential for cost overruns due to CPAF structure.
- Long contract duration increases exposure to market fluctuations and unforeseen issues.
- Complexity of ship repair can lead to scope creep and budget challenges.
- Dependence on a single awardee for a significant duration.
Tags
ship-building-and-repairing, department-of-defense, wa, dca, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Defense awarded $38.9 million to GEORGE G. SHARP, INC.. See the official description on USAspending.
Who is the contractor on this award?
The obligated recipient is GEORGE G. SHARP, 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 $38.9 million.
What is the period of performance?
Start: 2002-12-16. End: 2007-09-30.
How does the final cost compare to the initial estimated cost for this CPAF contract?
Without access to the contract's financial execution data, it's impossible to definitively compare the final cost to the initial estimate. CPAF contracts allow for flexibility, but robust oversight is needed to ensure the government pays a fair price for the services rendered and that award fees are justified by performance.
What specific risks were identified during the bidding process for this ship repair contract?
The provided data does not detail specific risks identified during the bidding process. However, common risks in ship repair include technical challenges, material availability, labor shortages, and unforeseen structural issues discovered during work. Full and open competition aims to mitigate these by allowing multiple vendors to propose solutions and pricing.
How effectively did the award fee structure incentivize GEORGE G. SHARP, INC. to meet performance objectives?
The effectiveness of the award fee structure can only be assessed by reviewing the actual award fee determinations made throughout the contract's life. A well-structured award fee plan, coupled with diligent oversight, should align the contractor's incentives with the government's objectives for cost, schedule, and technical performance.
Industry Classification
NAICS: Manufacturing › Ship and Boat Building › Ship Building and Repairing
Product/Service Code: MAINT, REPAIR, REBUILD EQUIPMENT › MAINT, REPAIR, REBUILD OF EQUIPMENT
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Offers Received: 3
Pricing Type: COST PLUS AWARD FEE (R)
Contractor Details
Address: 5041 CORPORATE WOODS DRIVE, VIRGINIA BEACH, VA, 02
Business Categories: Category Business, Small Business
Contract Characteristics
Cost or Pricing Data: NO
Timeline
Start Date: 2002-12-16
Current End Date: 2007-09-30
Potential End Date: 2007-09-30 00:00:00
Last Modified: 2009-11-05
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