Dod Awards $16.6M for Oconus Coco Storage Services to JET Epic LLC
Contract Overview
Contract Amount: $16,634,676 ($16.6M)
Contractor: JET Epic LLC
Awarding Agency: Department of Defense
Start Date: 2019-09-25
End Date: 2028-09-30
Contract Duration: 3,293 days
Daily Burn Rate: $5.1K/day
Competition Type: COMPETED UNDER SAP
Number of Offers Received: 1
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: 8506778591!OCONUS COCO STORAGE SERVICES
Place of Performance
Location: SAVANNAH, CHATHAM County, GEORGIA, 31404
State: Georgia Government Spending
Plain-Language Summary
Department of Defense obligated $16.6 million to JET EPIC LLC for work described as: 8506778591!OCONUS COCO STORAGE SERVICES Key points: 1. Contract awarded to JET EPIC LLC for OCONUS COCO Storage Services. 2. Total contract value is $16,634,676.43. 3. The contract is for warehousing and storage services. 4. The contract duration is 3293 days, ending September 30, 2028.
Value Assessment
Rating: fair
The contract value of $16.6M over nearly 9 years suggests a moderate per-year spend. Benchmarking against similar OCONUS storage contracts is difficult without more specific service details, but the duration implies a need for consistent, long-term support.
Cost Per Unit: N/A
Competition Analysis
Competition Level: limited
The contract was competed under SAP (Simplified Acquisition Procedures), indicating it was likely not a full and open competition. This method can lead to less price discovery compared to larger, more competitive solicitations.
Taxpayer Impact: Taxpayer funds are being used for essential logistics support, with the cost effectiveness dependent on the necessity and efficiency of the services provided.
Public Impact
Ensures critical storage and logistics capabilities in overseas locations. Supports military operations and personnel by providing necessary infrastructure. Long-term nature of the contract provides stability for service provision.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Limited competition under SAP may not yield the best price.
- Long contract duration could lead to cost overruns if not managed.
- No small business participation noted.
Positive Signals
- Provides essential OCONUS logistics support.
- Firm Fixed Price contract type offers cost certainty.
- Long-term award ensures service continuity.
Sector Analysis
This contract falls under the 'Other Warehousing and Storage' sector, specifically for overseas (OCONUS) locations. Spending in this sector is crucial for maintaining supply chains and operational readiness in deployed environments.
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-aside opportunities were considered or if there were justifications for excluding them.
Oversight & Accountability
Oversight would focus on contract performance, adherence to terms, and ensuring the services meet the required standards for OCONUS storage. The Defense Logistics Agency's role is key in managing and overseeing this contract.
Related Government Programs
- Other Warehousing and Storage
- Department of Defense Contracting
- Defense Logistics Agency Programs
Risk Flags
- Potential for higher costs due to limited competition.
- Risk of service degradation over a long contract period.
- Lack of small business participation.
- Geopolitical and logistical risks inherent in OCONUS operations.
Tags
other-warehousing-and-storage, department-of-defense, ga, definitive-contract, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Defense awarded $16.6 million to JET EPIC LLC. 8506778591!OCONUS COCO STORAGE SERVICES
Who is the contractor on this award?
The obligated recipient is JET EPIC LLC.
Which agency awarded this contract?
Awarding agency: Department of Defense (Defense Logistics Agency).
What is the total obligated amount?
The obligated amount is $16.6 million.
What is the period of performance?
Start: 2019-09-25. End: 2028-09-30.
What specific types of cargo are being stored, and what are the associated risks or special handling requirements?
The contract specifies 'COCO Storage Services,' which typically refers to Contractor Owned, Contractor Operated facilities. Without further detail, the exact nature of the cargo is unknown. However, OCONUS storage can range from general supplies to sensitive equipment, each carrying unique risks like environmental damage, theft, or degradation. Understanding the cargo type is crucial for assessing the adequacy of security measures and storage conditions.
How does the pricing structure compare to industry benchmarks for similar OCONUS storage solutions, considering the duration and scope?
Benchmarking this contract's pricing is challenging without granular data on the specific services, facility types, and geographic locations within OCONUS. The $16.6M value over nearly nine years suggests a significant investment. A thorough review would involve comparing per-square-foot costs, specialized handling fees, and security provisions against publicly available data or similar agency contracts to ascertain if the pricing is competitive and reflects fair market value.
What measures are in place to ensure the long-term effectiveness and efficiency of these storage services, particularly given the extended contract period?
Effectiveness over the 3293-day duration hinges on robust performance metrics, regular quality assurance checks, and clear communication channels between the Defense Logistics Agency and JET EPIC LLC. The Firm Fixed Price structure provides cost predictability, but ongoing oversight is vital to ensure service quality doesn't degrade. Mechanisms for contract modifications, performance reviews, and contingency planning for unforeseen geopolitical or logistical challenges are essential for sustained effectiveness.
Industry Classification
NAICS: Transportation and Warehousing › Warehousing and Storage › Other Warehousing and Storage
Product/Service Code: OPERATION OF GOVT OWNED FACILITY › OPERATE GOVT OWNED BUILDINGS
Competition & Pricing
Extent Competed: COMPETED UNDER SAP
Solicitation Procedures: SIMPLIFIED ACQUISITION
Solicitation ID: SPE60319R0509
Offers Received: 1
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 400 POYDRAS ST, NEW ORLEANS, LA, 70130
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Limited Liability Corporation, Not Designated a Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $16,634,676
Exercised Options: $16,634,676
Current Obligation: $16,634,676
Actual Outlays: $2,719,007
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Cost or Pricing Data: NO
Timeline
Start Date: 2019-09-25
Current End Date: 2028-09-30
Potential End Date: 2028-09-30 00:00:00
Last Modified: 2025-11-20
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