Poseidon Wharf Repairs Cost $38.2M Under Full and Open Competition

Contract Overview

Contract Amount: $38,218,335 ($38.2M)

Contractor: Triton Marine Construction Corp.

Awarding Agency: Department of Defense

Start Date: 2019-09-27

End Date: 2022-04-29

Contract Duration: 945 days

Daily Burn Rate: $40.4K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 3

Pricing Type: FIRM FIXED PRICE

Sector: Construction

Official Description: POSEIDON WHARF REPAIRS, NOTU, CAPE CANAVERAL, FL

Place of Performance

Location: CAPE CANAVERAL, BREVARD County, FLORIDA, 32920

State: Florida Government Spending

Plain-Language Summary

Department of Defense obligated $38.2 million to TRITON MARINE CONSTRUCTION CORP. for work described as: POSEIDON WHARF REPAIRS, NOTU, CAPE CANAVERAL, FL Key points: 1. Contract awarded to Triton Marine Construction Corp. for $38.2 million. 2. Project falls under 'Other Heavy and Civil Engineering Construction' sector. 3. Full and open competition was utilized. 4. Contract duration was 945 days. 5. No small business participation noted.

Value Assessment

Rating: fair

The awarded amount of $38.2 million for heavy civil engineering construction appears within a reasonable range for a project of this scope and duration. Benchmarking against similar wharf repair contracts would provide a more precise assessment.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded through full and open competition, suggesting a robust price discovery process. This method typically leads to competitive pricing as multiple bidders vie for the contract.

Taxpayer Impact: The use of full and open competition is generally favorable for taxpayers, as it aims to secure the best value through market forces.

Public Impact

Ensures operational readiness of naval facilities at Cape Canaveral. Supports critical infrastructure for national defense. Potential for economic impact through local labor and material sourcing.

Waste & Efficiency Indicators

Waste Risk Score: 40 / 10

Warning Flags

Lack of small business participation.
Long contract duration (945 days) may indicate potential for cost overruns or scope creep.

Positive Signals

Awarded under full and open competition.
Firm fixed price contract type limits cost risk to the government.

Sector Analysis

This contract falls within the heavy and civil engineering construction sector, which is vital for maintaining and upgrading critical infrastructure. Spending benchmarks in this sector can vary significantly based on project complexity and location.

Small Business Impact

The data indicates no small business participation in this contract. Efforts to include small businesses in future large-scale construction projects could enhance economic opportunities and competition.

Oversight & Accountability

The contract was awarded by the Department of the Navy, part of the Department of Defense. Oversight would typically involve contract management teams ensuring adherence to terms and quality standards.

Related Government Programs

Other Heavy and Civil Engineering Construction
Department of Defense Contracting
Department of the Navy Programs

Risk Flags

No small business participation.
Long contract duration.
Limited detail on scope of work.
No indication of cost comparison to estimates/bids.

Frequently Asked Questions

What is this federal contract paying for?

Department of Defense awarded $38.2 million to TRITON MARINE CONSTRUCTION CORP.. POSEIDON WHARF REPAIRS, NOTU, CAPE CANAVERAL, FL

Who is the contractor on this award?

The obligated recipient is TRITON MARINE CONSTRUCTION CORP..

Which agency awarded this contract?

Awarding agency: Department of Defense (Department of the Navy).

What is the total obligated amount?

The obligated amount is $38.2 million.

What is the period of performance?

Start: 2019-09-27. End: 2022-04-29.

What was the specific scope of work for the Poseidon Wharf repairs?

The provided data does not detail the specific scope of work for the Poseidon Wharf repairs. Further investigation into contract documents would be necessary to understand the exact nature of the repairs, such as dredging, structural reinforcement, or utility upgrades, which would inform a more precise value assessment.

Were there any performance issues or contract modifications during the 945-day duration?

The provided data does not indicate any performance issues or contract modifications. A review of contract performance reports and modification history would be required to assess if the project stayed on schedule and within budget, or if any issues necessitated changes to the original terms.

How does the final cost compare to the initial bid or estimated cost?

The data shows the awarded amount ($38.2 million) but does not provide the initial bid or estimated cost. Comparing the final awarded price to the initial estimates or the range of bids received during the full and open competition would be crucial for evaluating cost-effectiveness and the success of the price discovery process.

Industry Classification

NAICS: Construction › Other Heavy and Civil Engineering Construction › Other Heavy and Civil Engineering Construction

Product/Service Code: MAINT, REPAIR, ALTER REAL PROPERTY › MAINT, ALTER, REPAIR NONBUILDINGS

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE

Solicitation ID: N6945019R0906

Offers Received: 3

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 5405 CONSTANCE DR SW, BREMERTON, WA, 98312

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, Subchapter S Corporation, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $38,218,335

Exercised Options: $38,218,335

Current Obligation: $38,218,335

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED

Cost or Pricing Data: NO

Timeline