Baltimore Harbor Maintenance Dredging Awarded for $26.8M to Cashman Dredging Under Full and Open Competition
Contract Overview
Contract Amount: $26,768,405 ($26.8M)
Contractor: Cashman Dredging & Marine Contracting CO LLC
Awarding Agency: Department of Defense
Start Date: 2023-11-15
End Date: 2024-03-14
Contract Duration: 120 days
Daily Burn Rate: $223.1K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 3
Pricing Type: FIRM FIXED PRICE
Sector: Construction
Official Description: FY24 BALTIMORE HARBOR MAINTENANCE DREDGING, MARYLAND CHANNELS, CHESAPEAKE BAY, MD
Place of Performance
Location: BALTIMORE, BALTIMORE CITY County, MARYLAND, 21201
State: Maryland Government Spending
Plain-Language Summary
Department of Defense obligated $26.8 million to CASHMAN DREDGING & MARINE CONTRACTING CO LLC for work described as: FY24 BALTIMORE HARBOR MAINTENANCE DREDGING, MARYLAND CHANNELS, CHESAPEAKE BAY, MD Key points: 1. The contract addresses critical infrastructure maintenance for Baltimore Harbor. 2. Cashman Dredging & Marine Contracting Co LLC is the awarded contractor. 3. The contract was awarded under full and open competition, suggesting a competitive bidding process. 4. The sector is Heavy and Civil Engineering Construction, vital for port operations.
Value Assessment
Rating: good
The contract value of $26.8M for 120 days of dredging appears reasonable given the scope of harbor maintenance. Benchmarking against similar large-scale dredging projects 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 multiple bidders likely participated. This method generally promotes competitive pricing and ensures the government receives fair value.
Taxpayer Impact: The expenditure supports essential infrastructure maintenance, ensuring continued economic activity and trade through the Port of Baltimore, thus benefiting taxpayers indirectly.
Public Impact
Ensures continued navigability of Baltimore Harbor, supporting regional commerce and supply chains. Supports jobs in the maritime and construction sectors. Maintains the operational capacity of a key East Coast port.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Potential for cost overruns if unforeseen subsurface conditions are encountered.
- Dependence on weather conditions which could impact project timeline and costs.
Positive Signals
- Awarded under full and open competition, likely resulting in competitive pricing.
- Firm Fixed Price contract type provides cost certainty.
- Definitive contract structure suggests a clear scope of work.
Sector Analysis
This contract falls within the Heavy and Civil Engineering Construction sector, which is crucial for maintaining and upgrading national infrastructure, including ports and waterways. Spending in this sector can fluctuate based on infrastructure needs and federal funding allocations.
Small Business Impact
While the primary contractor is Cashman Dredging & Marine Contracting Co LLC, the extent of small business participation through subcontracting is not detailed in the provided data. Further investigation into subcontracting plans would be beneficial.
Oversight & Accountability
The award under full and open competition suggests a structured procurement process. Oversight would focus on ensuring the contractor meets performance standards and adheres to the contract terms, particularly regarding environmental regulations and dredging quality.
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 impacting cost and schedule.
- Weather-related delays could affect project completion.
- Environmental compliance and disposal of dredged material require careful management.
- Reliance on a single prime contractor for execution.
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 $26.8 million to CASHMAN DREDGING & MARINE CONTRACTING CO LLC. FY24 BALTIMORE HARBOR MAINTENANCE DREDGING, MARYLAND CHANNELS, 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 $26.8 million.
What is the period of performance?
Start: 2023-11-15. End: 2024-03-14.
What is the historical cost performance of Cashman Dredging & Marine Contracting Co LLC on similar federal contracts?
Analyzing Cashman Dredging's past performance on comparable federal contracts is crucial for assessing their reliability and cost-effectiveness. Reviewing their track record on projects of similar scale and complexity, including any history of cost overruns or schedule delays, would provide valuable insights into their capabilities and potential risks associated with this award.
Are there any specific environmental mitigation requirements or potential challenges associated with this dredging project?
Dredging projects often involve environmental considerations, such as the disposal of dredged material and potential impacts on marine ecosystems. Understanding the specific environmental regulations and mitigation strategies mandated for the Baltimore Harbor maintenance dredging is essential. Any unique geological or ecological challenges in the area could also influence project costs and timelines.
How does the awarded price compare to the government's independent cost estimate for this project?
Comparing the awarded contract price to the government's independent cost estimate provides a key indicator of value for money. If the awarded price is significantly lower than the estimate, it suggests strong competition and potentially favorable market conditions. Conversely, if it's higher, it may warrant further scrutiny of the estimate or the bidding process.
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: W912DR23B0018
Offers Received: 3
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
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: $26,768,405
Exercised Options: $26,768,405
Current Obligation: $26,768,405
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: NO
Timeline
Start Date: 2023-11-15
Current End Date: 2024-03-14
Potential End Date: 2024-03-14 00:00:00
Last Modified: 2024-05-02
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