DoD Awards $31.9M for Panama City Wharf Restoration to Southeastern Industrial Barlovento JV-2

Contract Overview

Contract Amount: $31,888,312 ($31.9M)

Contractor: Southeastern Industrial Barlovento JV-2, LLC

Awarding Agency: Department of Defense

Start Date: 2025-04-30

End Date: 2027-10-21

Contract Duration: 904 days

Daily Burn Rate: $35.3K/day

Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES

Number of Offers Received: 2

Pricing Type: FIRM FIXED PRICE

Sector: Construction

Official Description: 358 AND 146 WHARF RESTORATION NSA PANAMA CITY, FL

Place of Performance

Location: PANAMA CITY BEACH, BAY County, FLORIDA, 32407

State: Florida Government Spending

Plain-Language Summary

Department of Defense obligated $31.9 million to SOUTHEASTERN INDUSTRIAL BARLOVENTO JV-2, LLC for work described as: 358 AND 146 WHARF RESTORATION NSA PANAMA CITY, FL Key points: 1. The contract value of $31.9 million is for wharf restoration services. 2. Competition was full and open after exclusion of sources, indicating a competitive process. 3. The project is a delivery order under a larger contract, suggesting potential for future work. 4. The sector is Commercial and Institutional Building Construction, a significant area of federal spending.

Value Assessment

Rating: good

The award amount of $31.9 million appears reasonable for a large-scale wharf restoration project. Benchmarking against similar construction 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 after exclusion of sources, suggesting a robust price discovery process. This method aims to ensure the best value is obtained.

Taxpayer Impact: The $31.9 million expenditure represents taxpayer investment in critical infrastructure at a naval facility.

Public Impact

Enhances naval operational capabilities at NSA Panama City. Supports regional economic activity through construction and related services. Contributes to the modernization of military infrastructure. Ensures the structural integrity and safety of vital port facilities.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Potential for cost overruns in large construction projects.
Dependence on a single delivery order under a larger contract.
Limited information on specific performance metrics.

Positive Signals

Competitive award process.
Clear project scope for wharf restoration.
Defined delivery and performance periods.

Sector Analysis

The Commercial and Institutional Building Construction sector is a major component of federal procurement, encompassing a wide range of infrastructure and facility development projects. Spending in this sector is often driven by military readiness and modernization needs.

Small Business Impact

The data indicates this contract was not awarded to small businesses, as 'sb' is false. Further analysis would be needed to determine if small business set-asides were considered or if subcontracting opportunities exist.

Oversight & Accountability

The Department of the Navy, under the Department of Defense, is responsible for overseeing this contract. Standard procurement regulations and oversight mechanisms should be in place to ensure compliance and performance.

Related Government Programs

Commercial and Institutional Building Construction
Department of Defense Contracting
Department of the Navy Programs

Risk Flags

Potential for scope creep in construction projects.
Reliance on a single delivery order may limit long-term visibility.
Contract type is Firm Fixed Price, which transfers risk to the contractor but can lead to higher initial bids.
No indication of small business participation.

Frequently Asked Questions

What is this federal contract paying for?

Department of Defense awarded $31.9 million to SOUTHEASTERN INDUSTRIAL BARLOVENTO JV-2, LLC. 358 AND 146 WHARF RESTORATION NSA PANAMA CITY, FL

Who is the contractor on this award?

The obligated recipient is SOUTHEASTERN INDUSTRIAL BARLOVENTO JV-2, LLC.

Which agency awarded this contract?

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

What is the total obligated amount?

The obligated amount is $31.9 million.

What is the period of performance?

Start: 2025-04-30. End: 2027-10-21.

What is the total value of the base contract from which this delivery order was issued, and what is the remaining ceiling?

The provided data does not include the base contract's total value or remaining ceiling. Understanding the broader contract context is crucial for assessing the full scope of potential spending and the significance of this specific delivery order. This information would help determine if the current award represents a substantial portion of the overall contract or a smaller component.

Were there any specific reasons for excluding certain sources during the 'full and open competition after exclusion of sources' process?

The exclusion of sources typically occurs when specific technical capabilities, past performance, or unique requirements are necessary, and only a subset of potential offerors can meet them. Without further details on the solicitation, it's difficult to ascertain the exact reasons. This process aims to ensure qualified bidders participate while potentially streamlining the evaluation for specialized needs.

How does the estimated cost of this wharf restoration compare to industry benchmarks for similar projects of this scale and complexity?

A precise comparison requires detailed project specifications and access to industry cost databases. However, the $31.9 million award for a significant wharf restoration suggests a substantial investment. Factors like material costs, labor rates in Florida, environmental considerations, and the specific structural requirements of the wharf will influence its cost-effectiveness relative to benchmarks.

Industry Classification

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

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

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Solicitation ID: N6945020R0871

Offers Received: 2

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Parent Company: Southeastern Industrial Barlovento JV

Address: 1234 AIRPORT RD STE 106, DESTIN, FL, 32541

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Hispanic American Owned Business, Limited Liability Corporation, Minority Owned Business, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $31,888,312

Exercised Options: $31,888,312

Current Obligation: $31,888,312

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: N6945022D0006

IDV Type: IDC

Timeline