DoD Awards $19.5M Contract for Building Construction to Losco Group, Inc
Contract Overview
Contract Amount: $12,383,087 ($12.4M)
Contractor: Losco Group, Inc. the
Awarding Agency: Department of Defense
Start Date: 2005-02-16
End Date: 2007-08-31
Contract Duration: 926 days
Daily Burn Rate: $13.4K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 8
Pricing Type: FIXED PRICE
Sector: Construction
Official Description: 200506!500391!2100!W91236!USA ENGINEER DISTRICT NORFOLK !W9123605C0034 !A!N! !N! ! !20050216!20061228!195749460!195749460!195749460!N!THE LOSCO GROUP INC !1 N LEXINGTON AVE !WHITE PLAINS !NY!10601!48967!075!36!MOUNT PLEASANT !OSWEGO !NEW YORK !+000011765500!N!N!000015000000!Y119!OTHER ADMINISTRATIVE & SERVICE BUILDINGS !C2 !CONSTRUCTION !000 !* !236220!E! !3! ! ! ! ! !20200930!B! ! !A! !A!N!J!2!008!B! !D!N!A! ! !N!B!N!N! ! !D! !A!A!000!A!B!Y!U!N! ! ! ! !0001! !
Place of Performance
Location: WEST POINT, ORANGE County, NEW YORK, 10996
State: New York Government Spending
Plain-Language Summary
Department of Defense obligated $12.4 million to LOSCO GROUP, INC. THE for work described as: 200506!500391!2100!W91236!USA ENGINEER DISTRICT NORFOLK !W9123605C0034 !A!N! !N! ! !20050216!20061228!195749460!195749460!195749460!N!THE LOSCO GROUP INC !1 N LEXINGTON AVE !WHITE PLAINS !NY!10601!48967!075!36!MOUNT PLEASANT !OSWE… Key points: 1. The contract was awarded for building construction services. 2. The value of the contract is $19,574,946. 3. The contract was awarded under full and open competition. 4. The contractor is The Losco Group, Inc. 5. The contract duration is 926 days.
Value Assessment
Rating: good
The contract value of $19.57 million appears reasonable for a large-scale construction project of this nature. Benchmarking against similar government contracts for commercial building construction would provide a more precise assessment.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded using 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 competitive bidding process likely resulted in a fair price for taxpayers, maximizing value for the government's investment in building construction.
Public Impact
Construction services are essential for infrastructure development and maintenance. The award supports the Department of Defense's facilities management. The contract duration of over two years indicates a significant project scope. The contractor's location in New York may influence local economic impact.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Potential for cost overruns in long-term construction projects.
- Ensuring timely completion within the 926-day timeframe.
- Quality control and adherence to building specifications.
Positive Signals
- Awarded through full and open competition.
- Fixed-price contract type can offer cost certainty.
- Contractor has a defined scope of work.
Sector Analysis
This contract falls within the construction sector, specifically for commercial and institutional buildings. Government spending in this area is crucial for maintaining and upgrading federal facilities.
Small Business Impact
There is no indication that small businesses were involved as prime contractors or significant subcontractors in this award. Further analysis would be needed to determine any subcontracting opportunities for small businesses.
Oversight & Accountability
The award was made by the Department of the Army, indicating established oversight mechanisms for contract execution. Monitoring progress and adherence to terms will be key.
Related Government Programs
- Commercial and Institutional Building Construction
- Department of Defense Contracting
- Department of the Army Programs
Risk Flags
- Contract duration exceeds one year.
- Fixed-price contract type may pose risks if not managed closely.
- Lack of explicit small business participation noted.
- Potential for unforeseen construction challenges impacting schedule or cost.
Tags
commercial-and-institutional-building-co, department-of-defense, ny, definitive-contract, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Defense awarded $12.4 million to LOSCO GROUP, INC. THE. 200506!500391!2100!W91236!USA ENGINEER DISTRICT NORFOLK !W9123605C0034 !A!N! !N! ! !20050216!20061228!195749460!195749460!195749460!N!THE LOSCO GROUP INC !1 N LEXINGTON AVE !WHITE PLAINS !NY!10601!48967!075!36!MOUNT PLEASANT !OSWEGO !NEW YORK !+000011765500!N!N!000015000000!Y119!OTHER ADMINISTRATIVE & SERVICE BUILDINGS !C2 !CONSTRUCTION !000 !* !236220!E! !3! ! ! ! ! !202
Who is the contractor on this award?
The obligated recipient is LOSCO GROUP, INC. THE.
Which agency awarded this contract?
Awarding agency: Department of Defense (Department of the Army).
What is the total obligated amount?
The obligated amount is $12.4 million.
What is the period of performance?
Start: 2005-02-16. End: 2007-08-31.
What specific type of building is being constructed or renovated under this contract?
The data indicates the contract is for 'OTHER ADMINISTRATIVE & SERVICE BUILDINGS' with a Product Service Code (PSC) of '236220' for Commercial and Institutional Building Construction. While specific details about the building's function are not provided, it suggests a facility intended for administrative operations or related services rather than specialized structures like hangars or barracks.
What are the key performance indicators (KPIs) for this construction contract to ensure effectiveness?
Key performance indicators for this construction contract would likely include adherence to the project schedule (926 days), meeting quality standards and specifications outlined in the contract, staying within the fixed price budget of $19.57 million, and ensuring safety compliance on the construction site. Post-completion, the building's functionality and durability would also be critical measures of effectiveness.
Are there any potential risks associated with the fixed-price contract type for this project?
A primary risk with fixed-price contracts in construction is that unforeseen issues or scope creep can lead to cost overruns for the contractor, potentially impacting their financial stability or leading to disputes. For the government, the risk is that the contractor may cut corners on quality to maintain profitability if not adequately monitored. Robust oversight is crucial.
Industry Classification
NAICS: Construction › Nonresidential Building Construction › Commercial and Institutional Building Construction
Product/Service Code: CONSTRUCT OF STRUCTURES/FACILITIES › CONSTRUCTION OF BUILDINGS
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Offers Received: 8
Pricing Type: FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 1 N LEXINGTON AVE, WHITE PLAINS, NY, 10601
Business Categories: Category Business, Small Business
Contract Characteristics
Commercial Item: COMMERCIAL ITEM PROCEDURES NOT USED
Cost or Pricing Data: NO
Timeline
Start Date: 2005-02-16
Current End Date: 2007-08-31
Potential End Date: 2007-08-31 00:00:00
Last Modified: 2021-02-25
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