DoD Awards $32.7M for Baltimore Harbor Dredging to Cashman Dredging
Contract Overview
Contract Amount: $32,719,705 ($32.7M)
Contractor: Cashman Dredging & Marine Contracting CO LLC
Awarding Agency: Department of Defense
Start Date: 2023-05-12
End Date: 2023-10-27
Contract Duration: 168 days
Daily Burn Rate: $194.8K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 4
Pricing Type: FIRM FIXED PRICE
Sector: Construction
Official Description: FY23 BALTIMORE HARBOR & CHANNELS MAINTENANCE DREDGING, CHESAPEAKE BAY, MD.
Place of Performance
Location: BALTIMORE, BALTIMORE CITY County, MARYLAND, 21201
State: Maryland Government Spending
Plain-Language Summary
Department of Defense obligated $32.7 million to CASHMAN DREDGING & MARINE CONTRACTING CO LLC for work described as: FY23 BALTIMORE HARBOR & CHANNELS MAINTENANCE DREDGING, CHESAPEAKE BAY, MD. Key points: 1. Significant investment in critical infrastructure maintenance. 2. Competition was full and open, suggesting potential for competitive pricing. 3. Risk appears moderate given the fixed-price contract type. 4. Construction sector spending is substantial, with this contract falling within typical project ranges.
Value Assessment
Rating: good
The contract value of $32.7 million for harbor maintenance dredging appears reasonable for a project of this scope and duration. Benchmarking against similar large-scale civil engineering construction contracts would provide further validation.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, indicating that multiple bidders had the opportunity to submit proposals. This method generally promotes price discovery and can lead to more competitive pricing for the government.
Taxpayer Impact: Taxpayer funds are being used for essential infrastructure maintenance, ensuring the continued navigability of a key waterway.
Public Impact
Ensures continued economic activity by maintaining a vital shipping channel. Supports maritime trade and transportation in the Chesapeake Bay region. Contributes to the upkeep of national infrastructure, benefiting commerce and defense.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Potential for cost overruns if unforeseen conditions arise during dredging.
- Dependence on a single contractor for project execution.
Positive Signals
- Clear project scope and objectives.
- Fixed-price contract helps control costs.
- Awarded under full and open competition.
Sector Analysis
This contract falls within the Heavy and Civil Engineering Construction sector, which is crucial for maintaining national infrastructure. Spending in this sector can fluctuate based on government priorities and infrastructure needs.
Small Business Impact
The contract was awarded to Cashman Dredging & Marine Contracting Co LLC, a large business. There is no indication of small business subcontracting in the provided data.
Oversight & Accountability
The Department of the Army, under the Department of Defense, is responsible for this contract. Standard oversight mechanisms for federal construction projects would apply.
Related Government Programs
- Other Heavy and Civil Engineering Construction
- Department of Defense Contracting
- Department of the Army Programs
Risk Flags
- Potential for unforeseen subsurface conditions.
- Environmental compliance challenges.
- Contractor performance risk.
- Schedule delays due to weather or operational issues.
Tags
other-heavy-and-civil-engineering-constr, department-of-defense, md, definitive-contract, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Defense awarded $32.7 million to CASHMAN DREDGING & MARINE CONTRACTING CO LLC. FY23 BALTIMORE HARBOR & CHANNELS MAINTENANCE DREDGING, CHESAPEAKE BAY, MD.
Who is the contractor on this award?
The obligated recipient is CASHMAN DREDGING & MARINE CONTRACTING CO LLC.
Which agency awarded this contract?
Awarding agency: Department of Defense (Department of the Army).
What is the total obligated amount?
The obligated amount is $32.7 million.
What is the period of performance?
Start: 2023-05-12. End: 2023-10-27.
What is the historical cost performance of similar dredging projects awarded by the Army Corps of Engineers?
Historical data on similar dredging projects awarded by the Army Corps of Engineers would be valuable for assessing cost-effectiveness. Analyzing past projects for cost overruns, change orders, and final costs against initial estimates can reveal trends and potential risks associated with large-scale dredging operations.
Are there any environmental risks associated with the dredging process in Baltimore Harbor that could impact project timelines or costs?
Environmental risks, such as the discovery of contaminated sediment or protected marine species, could significantly impact project timelines and costs. A thorough environmental impact assessment and contingency planning are crucial to mitigate these potential risks and ensure the project stays within budget and schedule.
How effectively does the fixed-price contract structure mitigate risks for the government in this specific dredging project?
The fixed-price contract structure is designed to transfer most of the cost risk to the contractor, providing the government with cost certainty. However, its effectiveness depends on the accuracy of the initial cost estimates and the contractor's ability to manage unforeseen challenges within the agreed-upon price.
Industry Classification
NAICS: Construction › Other Heavy and Civil Engineering Construction › Other Heavy and Civil Engineering Construction
Product/Service Code: MAINT, REPAIR, ALTER REAL PROPERTY › MAINT, ALTER, REPAIR BUILDINGS
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SEALED BID
Solicitation ID: W912DR23B0009
Offers Received: 4
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Parent Company: Cashman Dredging and Marine Contracting CO. LLC
Address: 549 SOUTH ST, QUINCY, MA, 02169
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: $32,719,705
Exercised Options: $32,719,705
Current Obligation: $32,719,705
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: NO
Timeline
Start Date: 2023-05-12
Current End Date: 2023-10-27
Potential End Date: 2023-10-27 00:00:00
Last Modified: 2023-11-27
More Contracts from Cashman Dredging & Marine Contracting CO LLC
- FY22-1 Baltimore Harbor & Channels Maintenance Dredging- Maryland Channels, Chesapeake BAY, MD — $31.6M (Department of Defense)
- FY24 Baltimore Harbor Maintenance Dredging, Maryland Channels, Chesapeake BAY, MD — $26.8M (Department of Defense)
- Jacksonville Harbor, Maintenance Dredging, CUT 17 Thru LTC, Duval County, Florida — $24.4M (Department of Defense)
- Maintenance Dredging Arthur Kill 50 Reachnew York and NEW Jersey Harbor Federal Navigation Project — $19.5M (Department of Defense)
- U.S. Naval Station Mayport Maintenance Dredging — $8.8M (Department of Defense)
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