DoD Awards $41.8M for Pumping Equipment to Isometrics Inc. Under Full and Open Competition
Contract Overview
Contract Amount: $41,846,026 ($41.8M)
Contractor: Isometrics Inc
Awarding Agency: Department of Defense
Start Date: 2022-02-23
End Date: 2024-07-31
Contract Duration: 889 days
Daily Burn Rate: $47.1K/day
Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Pricing Type: FIRM FIXED PRICE
Sector: Manufacturing
Official Description: TRM'S AND ASL'S.
Place of Performance
Location: SOUTH BEND, ST JOSEPH County, INDIANA, 46619
State: Indiana Government Spending
Plain-Language Summary
Department of Defense obligated $41.8 million to ISOMETRICS INC for work described as: TRM'S AND ASL'S. Key points: 1. Significant contract value of $41.8M for specialized pumping equipment. 2. Competition method was 'Full and Open Competition After Exclusion of Sources', suggesting a competitive process with specific source considerations. 3. The contract duration is 889 days, indicating a medium-to-long-term need. 4. The sector is Manufacturing, specifically Measuring, Dispensing, and Other Pumping Equipment.
Value Assessment
Rating: good
The award amount of $41.8M appears reasonable given the contract duration and the nature of specialized pumping equipment. Benchmarking against similar contracts for this specific NAICS code would provide a more precise assessment.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under 'Full and Open Competition After Exclusion of Sources'. This indicates a competitive process was used, but specific sources were initially excluded, potentially impacting the breadth of competition and price discovery.
Taxpayer Impact: The competitive award process aims to ensure taxpayer funds are used efficiently, though the exclusion of sources warrants further review to confirm optimal value.
Public Impact
Ensures the Department of Defense has necessary pumping equipment for operations. Supports manufacturing jobs within the 'Measuring, Dispensing, and Other Pumping Equipment Manufacturing' sector. The competitive nature of the award suggests a focus on achieving fair market value for the equipment.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Potential impact of 'Exclusion of Sources' on ultimate price competitiveness.
- Need to verify if the excluded sources were justified and if the competition was truly broad.
Positive Signals
- Awarded under a full and open competition framework.
- Contract value is substantial, indicating a significant requirement met.
- Fixed price contract type helps manage cost certainty.
Sector Analysis
The contract falls within the Manufacturing sector, specifically for pumping equipment. Spending in this area is critical for various industrial and operational needs across government agencies. Benchmarks for similar equipment contracts would be necessary for a detailed comparison.
Small Business Impact
The data does not indicate if small businesses were involved in this specific award. Further analysis would be needed to determine the extent of small business participation in the supply chain or as subcontractors.
Oversight & Accountability
The contract is subject to standard federal procurement oversight. The 'Full and Open Competition After Exclusion of Sources' clause suggests a need for careful documentation and justification of the source exclusion to ensure accountability.
Related Government Programs
- Measuring, Dispensing, and Other Pumping Equipment Manufacturing
- Department of Defense Contracting
- Department of the Army Programs
Risk Flags
- Potential for limited competition due to source exclusion.
- Need for detailed justification of excluded sources.
- Contract duration requires sustained performance monitoring.
- Complexity of specialized pumping equipment may introduce performance risks.
Tags
measuring-dispensing-and-other-pumping-e, department-of-defense, in, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Defense awarded $41.8 million to ISOMETRICS INC. TRM'S AND ASL'S.
Who is the contractor on this award?
The obligated recipient is ISOMETRICS INC.
Which agency awarded this contract?
Awarding agency: Department of Defense (Department of the Army).
What is the total obligated amount?
The obligated amount is $41.8 million.
What is the period of performance?
Start: 2022-02-23. End: 2024-07-31.
What was the rationale behind excluding specific sources in the 'Full and Open Competition After Exclusion of Sources' process, and did this exclusion limit the potential for lower pricing?
The rationale for excluding sources typically relates to specific technical requirements, past performance, or unique capabilities. While intended to ensure the best fit, such exclusions can sometimes limit the competitive pool, potentially impacting price discovery. A thorough review of the solicitation documents and award justification would clarify the specific reasons and their effect on the final price.
How does the awarded price of $41.8M compare to industry benchmarks for similar pumping equipment over an 889-day period, considering the specific technical requirements?
Without detailed technical specifications and access to proprietary pricing data, a precise benchmark is difficult. However, $41.8M for nearly 2.5 years of specialized equipment suggests a significant investment. Comparing unit costs against publicly available data for similar industrial pumps, factoring in quantity, customization, and warranty, would be the next step in assessing value.
What is the potential risk of performance issues or cost overruns given the fixed-price contract type and the exclusion of certain sources?
Fixed-price contracts generally shift performance risk to the contractor. However, if the excluded sources possessed unique expertise or if the remaining competition was limited, there's a residual risk that the selected contractor might face unforeseen challenges impacting delivery or quality. Robust contract management and clear performance metrics are crucial to mitigate these risks.
Industry Classification
NAICS: Manufacturing › Other General Purpose Machinery Manufacturing › Measuring, Dispensing, and Other Pumping Equipment Manufacturing
Product/Service Code: MAINT/REPAIR SHOP EQPT
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 1266 N SCALES ST, REIDSVILLE, NC, 27320
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Manufacturer of Goods, Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $41,846,026
Exercised Options: $41,846,026
Current Obligation: $41,846,026
Contract Characteristics
Multi-Year Contract: Yes
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: W56HZV19D0048
IDV Type: IDC
Timeline
Start Date: 2022-02-23
Current End Date: 2024-07-31
Potential End Date: 2024-07-31 12:07:00
Last Modified: 2023-07-19
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