DoD's $20.87M contract for Floating Crane Barge awarded to Conrad Industries, Inc. in 2008
Contract Overview
Contract Amount: $20,867,461 ($20.9M)
Contractor: Conrad Industries, Inc.
Awarding Agency: Department of Defense
Start Date: 2008-10-08
End Date: 2010-12-31
Contract Duration: 814 days
Daily Burn Rate: $25.6K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 1
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: MDC 2505 MPLD FLOATING CRANE BARGE
Place of Performance
Location: MORGAN CITY, SAINT MARY County, LOUISIANA, 70380
Plain-Language Summary
Department of Defense obligated $20.9 million to CONRAD INDUSTRIES, INC. for work described as: MDC 2505 MPLD FLOATING CRANE BARGE Key points: 1. The contract value of $20.87M for a specialized barge indicates significant investment in maritime assets. 2. Conrad Industries, Inc. secured this award, suggesting established capabilities in shipbuilding or marine construction. 3. The firm fixed-price contract type aims to control costs for the Department of Defense. 4. The 'Boat Building' NAICS code places this within a niche manufacturing sector.
Value Assessment
Rating: fair
The contract value of $20.87M for a single floating crane barge appears substantial. Benchmarking against similar specialized maritime construction projects would be necessary to definitively assess its value.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The award was made under full and open competition, indicating a competitive bidding process. This method is generally expected to yield fair market prices.
Taxpayer Impact: Taxpayer funds were used for a specialized asset acquisition, with the expectation of competitive pricing driving value.
Public Impact
Procurement of specialized maritime assets like floating crane barges supports military logistics and infrastructure projects. The contract's duration and value suggest a complex, long-term project with potential economic impact in Louisiana. Investment in such equipment can enhance operational capabilities for defense or disaster response efforts.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of specific performance metrics or delivery details.
- Potential for cost overruns if unforeseen issues arise in specialized construction.
- Limited information on the specific capabilities of the barge.
Positive Signals
- Firm fixed-price contract helps manage budget.
- Awarded under full and open competition.
- Contract supports critical defense infrastructure.
Sector Analysis
The 'Boat Building' sector involves specialized manufacturing for maritime vessels. Spending benchmarks for such niche procurements are difficult to establish without detailed project specifications and market data.
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 subcontracting opportunities were available.
Oversight & Accountability
The award was made by the Department of the Army, a component of the DoD. Standard procurement oversight processes would apply, but specific details on monitoring are not provided.
Related Government Programs
- Boat Building
- Department of Defense Contracting
- Department of the Army Programs
Risk Flags
- Lack of detailed technical specifications.
- No information on post-award performance.
- Limited insight into the competitive landscape beyond 'full and open'.
- Potential for cost escalation if unforeseen technical challenges arose.
Tags
boat-building, department-of-defense, la, definitive-contract, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Defense awarded $20.9 million to CONRAD INDUSTRIES, INC.. MDC 2505 MPLD FLOATING CRANE BARGE
Who is the contractor on this award?
The obligated recipient is CONRAD INDUSTRIES, 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 $20.9 million.
What is the period of performance?
Start: 2008-10-08. End: 2010-12-31.
What was the specific operational need for this floating crane barge?
The specific operational need for this floating crane barge is not detailed in the provided data. However, such assets are typically utilized for heavy lifting operations in port construction, ship repair, salvage, or deploying and recovering large maritime assets. Its acquisition by the Department of the Army suggests a role in supporting naval infrastructure or amphibious operations.
Were there any performance issues or contract modifications during its execution?
The provided data does not include information on performance issues or contract modifications. The contract duration was 814 days, and it was awarded in 2008 with an end date in 2010. Without access to contract performance reports or modification logs, it's impossible to assess any deviations from the original terms or identify potential problems encountered during its execution.
How does the final cost compare to the initial bid or estimated value?
The provided data lists the awarded amount as $20,867,461. Since this is a firm fixed-price contract, the awarded amount is the final price unless modifications occurred. The data does not provide an initial bid or estimated value to compare against, making it impossible to assess if the final cost was in line with expectations or competitive bids.
Industry Classification
NAICS: Manufacturing › Ship and Boat Building › Boat Building
Product/Service Code: SHIPS, SMALL CRAFT, PONTOON, DOCKS
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Offers Received: 1
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 1100 BRASHEAR AVE., SUITE 200, MORGAN CITY, LA, 70380
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Labor Surplus Area Firm, Manufacturer of Goods, Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $20,867,461
Exercised Options: $20,867,461
Current Obligation: $20,867,461
Contract Characteristics
Commercial Item: COMMERCIAL ITEM PROCEDURES NOT USED
Cost or Pricing Data: NO
Timeline
Start Date: 2008-10-08
Current End Date: 2010-12-31
Potential End Date: 2010-12-31 00:00:00
Last Modified: 2020-09-27
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