Department of the Army awards $29.7M engineering services contract to Capital Currency Team for BEP DESIGN TO CONCEPT

Contract Overview

Contract Amount: $29,726,598 ($29.7M)

Contractor: Capital Currency Team

Awarding Agency: Department of Defense

Start Date: 2020-05-05

End Date: 2022-12-01

Contract Duration: 940 days

Daily Burn Rate: $31.6K/day

Competition Type: FULL AND OPEN COMPETITION

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: BEP DESIGN TO CONCEPT

Place of Performance

Location: BELTSVILLE, PRINCE GEORGES County, MARYLAND, 20705

State: Maryland Government Spending

Plain-Language Summary

Department of Defense obligated $29.7 million to CAPITAL CURRENCY TEAM for work described as: BEP DESIGN TO CONCEPT Key points: 1. Contract value represents a significant investment in engineering services for a key Army initiative. 2. The firm-fixed-price structure aims to control costs and provide predictability for the government. 3. Competition level indicates a potentially robust market for these specialized engineering services. 4. Contract duration of 940 days suggests a complex and multi-phased project. 5. The award falls within the engineering services sector, a critical area for defense infrastructure. 6. Geographic focus on Maryland may indicate a concentration of relevant facilities or personnel.

Value Assessment

Rating: good

The contract's firm-fixed-price nature suggests a degree of cost control. Benchmarking against similar large-scale engineering design contracts would be necessary for a definitive value assessment. The reported value of approximately $29.7 million for a 940-day duration appears within a reasonable range for complex engineering projects, but specific deliverables and scope are crucial for a precise value-for-money evaluation. Without detailed task breakdowns and comparison points, a precise value assessment is challenging.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, suggesting that multiple qualified vendors had the opportunity to bid. This approach typically fosters a competitive environment, potentially leading to better pricing and innovative solutions. The number of bidders is not specified, but the 'full and open' designation implies a broad solicitation.

Taxpayer Impact: Full and open competition generally benefits taxpayers by encouraging a wider range of offers, which can drive down costs and improve the quality of services received.

Public Impact

The Department of the Army is the primary beneficiary, receiving essential engineering design services. The BEP DESIGN TO CONCEPT initiative will likely see advancements through this contract. The project's impact is primarily concentrated within Maryland, where the services are likely performed. The contract supports the specialized engineering workforce, requiring skilled professionals in design and project management.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Potential for scope creep if initial design parameters are not clearly defined.
Dependence on contractor's ability to deliver complex engineering solutions within the fixed timeline.
Risk of cost overruns if unforeseen technical challenges arise, despite fixed-price structure.

Positive Signals

Firm-fixed-price contract provides cost certainty for the government.
Full and open competition suggests a competitive bidding process that could yield favorable terms.
Award to a single contractor for a defined project scope can lead to focused execution and accountability.

Sector Analysis

This contract falls within the Engineering Services sector (NAICS code 541330), which encompasses firms providing architectural, engineering, and related services. This sector is vital for infrastructure development, defense projects, and technological advancements. Spending in this area is often project-driven and can range from conceptual design to detailed implementation. Comparable spending benchmarks would involve analyzing other large-scale design and engineering contracts within the Department of Defense or other federal agencies undertaking similar complex projects.

Small Business Impact

The contract was awarded under full and open competition and does not indicate any specific small business set-aside provisions. Therefore, the direct impact on small businesses as prime contractors is likely minimal. However, the prime contractor, Capital Currency Team, may engage small businesses as subcontractors to fulfill specific aspects of the engineering design work, contributing indirectly to the small business ecosystem.

Oversight & Accountability

Oversight for this contract would typically be managed by the contracting officer and the project management team within the Department of the Army. Accountability measures are inherent in the firm-fixed-price contract type, requiring the contractor to deliver specified services within the agreed-upon price. Transparency is generally maintained through contract award databases and reporting requirements, though specific project details may be sensitive.

Related Government Programs

Department of Defense Engineering Contracts
Army Infrastructure Projects
Design and Engineering Services
Capital Construction Projects

Risk Flags

Potential for scope creep in complex design projects.
Contractor's past performance on similar large-scale engineering initiatives.
Adequacy of initial design specifications for 'BEP DESIGN TO CONCEPT'.

Frequently Asked Questions

What is this federal contract paying for?

Department of Defense awarded $29.7 million to CAPITAL CURRENCY TEAM. BEP DESIGN TO CONCEPT

Who is the contractor on this award?

The obligated recipient is CAPITAL CURRENCY TEAM.

Which agency awarded this contract?

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

What is the total obligated amount?

The obligated amount is $29.7 million.

What is the period of performance?

Start: 2020-05-05. End: 2022-12-01.

What is the track record of Capital Currency Team in delivering large-scale engineering design projects for the federal government?

Assessing the track record of Capital Currency Team requires a review of their past performance on similar federal contracts. Information on their experience with projects of comparable size, complexity, and duration, particularly within the Department of Defense, would be crucial. This includes examining past performance evaluations, any history of contract disputes or terminations, and their demonstrated ability to meet deadlines and budget constraints. Without specific data on their prior engagements, it is difficult to definitively assess their capability to successfully execute the BEP DESIGN TO CONCEPT project.

How does the $29.7 million contract value compare to similar engineering design contracts awarded by the Department of the Army?

To benchmark the $29.7 million contract value, one would need to compare it against similar engineering design contracts awarded by the Department of the Army or other federal agencies for projects of comparable scope and complexity. Factors such as the duration of the contract (940 days), the specific engineering disciplines involved (e.g., civil, mechanical, electrical), and the nature of the 'BEP DESIGN TO CONCEPT' initiative are critical for a meaningful comparison. If similar projects have been awarded at significantly lower or higher price points, it could indicate potential overpricing or exceptional value, respectively. A detailed analysis of contract databases and historical spending patterns is necessary for this comparison.

What are the primary risk indicators associated with this firm-fixed-price engineering services contract?

The primary risk indicators for this firm-fixed-price contract revolve around the potential for scope creep and unforeseen technical challenges. While the fixed-price structure aims to control costs, if the initial design parameters for 'BEP DESIGN TO CONCEPT' are not precisely defined, the scope could expand, leading to potential disputes or requests for additional funding. Furthermore, complex engineering projects inherently carry risks of encountering unexpected technical hurdles or site conditions that could impact the timeline and feasibility, even within a fixed-price agreement. The contractor's ability to manage these risks effectively will be crucial for successful project completion.

How effective is the 'full and open competition' approach likely to be in ensuring optimal value for this specific engineering services contract?

The 'full and open competition' approach is generally considered effective in promoting value for federal contracts by maximizing the number of potential bidders and encouraging competitive pricing. For this engineering services contract, it suggests that the Department of the Army sought to leverage the broadest possible market to find the best technical solutions and cost proposals. The effectiveness in ensuring optimal value will depend on the clarity of the solicitation requirements, the responsiveness of the market, and the rigor of the evaluation process. If a sufficient number of qualified bidders participated, it increases the likelihood that the selected proposal represents a strong balance of cost and technical merit.

What are the historical spending patterns for engineering services within the Department of the Army, and how does this award fit within them?

Historical spending patterns for engineering services within the Department of the Army typically show significant investment in areas such as infrastructure design, facility upgrades, and specialized military engineering projects. Awards in this category can fluctuate based on modernization efforts, new construction requirements, and national security priorities. This $29.7 million award for 'BEP DESIGN TO CONCEPT' appears to be a substantial, project-specific investment. To understand its place within historical patterns, one would need to analyze the Army's total annual spending on engineering services over several years and identify trends in contract sizes and types. This specific award seems to align with the Army's ongoing need for advanced engineering and design capabilities.

Industry Classification

NAICS: Professional, Scientific, and Technical Services › Architectural, Engineering, and Related Services › Engineering Services

Product/Service Code: ARCHITECT/ENGINEER SERVICES › ARCH-ENG SVCS - GENERAL

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: ARCHITECT-ENGINEER FAR 6.102

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 2001 K ST NW STE 200, WASHINGTON, DC, 20006

Business Categories: Category Business, Not Designated a Small Business, Partnership or Limited Liability Partnership, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $29,726,598

Exercised Options: $29,726,598

Current Obligation: $29,726,598

Actual Outlays: $112,418

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: W912DR20D0007

IDV Type: IDC

Timeline