Talmage Avenue Bridge Reconstruction Contract Awarded to RENCOR INC. for $16.6M
Contract Overview
Contract Amount: $16,602,799 ($16.6M)
Contractor: Rencor Inc.
Awarding Agency: Department of Defense
Start Date: 2007-05-25
End Date: 2009-12-16
Contract Duration: 936 days
Daily Burn Rate: $17.7K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 7
Pricing Type: FIXED PRICE
Sector: Construction
Official Description: TALMAGE AVENUE BRIDGE RECONSTRUCTION BOUND BROOK AND BRIDGEWATER, NEW JERSEY
Place of Performance
Location: DUNELLEN, SOMERSET County, NEW JERSEY, 08812
Plain-Language Summary
Department of Defense obligated $16.6 million to RENCOR INC. for work described as: TALMAGE AVENUE BRIDGE RECONSTRUCTION BOUND BROOK AND BRIDGEWATER, NEW JERSEY Key points: 1. The contract for the Talmage Avenue Bridge Reconstruction was awarded to RENCOR INC. for $16.6 million. 2. The project falls under the Highway, Street, and Bridge Construction sector. 3. The award was made under full and open competition, suggesting a competitive bidding process. 4. The contract type is a definitive contract with a fixed price, indicating cost certainty. 5. The project duration was 936 days, from May 2007 to December 2009.
Value Assessment
Rating: good
The fixed-price definitive contract suggests a clear scope and pricing structure. Without specific per-unit cost data or benchmarks for similar bridge reconstruction projects in New Jersey, a precise value assessment is difficult, but the fixed price offers some cost control.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, which typically leads to more competitive pricing as multiple bidders vie for the contract. This method allows for broad market participation and price discovery.
Taxpayer Impact: Full and open competition generally benefits taxpayers by driving down costs through market forces, ensuring the government receives competitive pricing for infrastructure projects.
Public Impact
Improved transportation infrastructure in Bound Brook and Bridgewater, New Jersey. Potential for increased local economic activity due to enhanced connectivity. Completion of a critical infrastructure project by the Department of the Army. Ensured public safety through bridge reconstruction.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of specific per-unit cost data for benchmarking.
- No explicit mention of small business participation.
Positive Signals
- Awarded under full and open competition.
- Fixed-price contract provides cost certainty.
- Project completed within the specified timeframe.
Sector Analysis
This project falls within the Highway, Street, and Bridge Construction sector, a critical area for public infrastructure. Spending in this sector is often driven by federal and state funding initiatives aimed at improving transportation networks and ensuring public safety.
Small Business Impact
The provided data does not indicate whether small businesses were involved in this contract, either as prime contractors or subcontractors. Further investigation would be needed to determine the extent of small business participation.
Oversight & Accountability
The Department of the Army, through its contracting mechanisms, is responsible for overseeing this project. The use of a definitive contract with a fixed price suggests a structured approach to oversight and accountability for project delivery and cost.
Related Government Programs
- Highway, Street, and Bridge Construction
- Department of Defense Contracting
- Department of the Army Programs
Risk Flags
- No explicit small business participation data.
- Limited specific cost breakdown for per-unit analysis.
- Contract duration was substantial (936 days).
Tags
highway-street-and-bridge-construction, department-of-defense, nj, definitive-contract, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Defense awarded $16.6 million to RENCOR INC.. TALMAGE AVENUE BRIDGE RECONSTRUCTION BOUND BROOK AND BRIDGEWATER, NEW JERSEY
Who is the contractor on this award?
The obligated recipient is RENCOR 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 $16.6 million.
What is the period of performance?
Start: 2007-05-25. End: 2009-12-16.
What was the primary driver for the Talmage Avenue Bridge reconstruction?
The primary driver for the Talmage Avenue Bridge reconstruction was likely the need to address structural deficiencies, improve safety, and ensure the continued functionality of a critical transportation link in Bound Brook and Bridgewater, New Jersey. Infrastructure projects of this nature are essential for maintaining public safety and facilitating economic activity.
How did the fixed-price contract impact the risk for the government?
A fixed-price contract generally shifts the cost risk to the contractor. For the government, this means greater certainty regarding the total expenditure for the project, assuming the scope remains unchanged. It incentivizes the contractor to manage costs efficiently to maximize profit.
What is the significance of 'full and open competition' for this contract?
Full and open competition signifies that all responsible sources were permitted to submit a bid. This process is designed to foster a competitive environment, leading to potentially lower prices and better quality services or goods for the government. It is generally considered the most effective method for achieving best value for taxpayer dollars.
Industry Classification
NAICS: Construction › Highway, Street, and Bridge Construction › Highway, Street, and Bridge Construction
Product/Service Code: CONSTRUCT OF STRUCTURES/FACILITIES › CONSTRUCT NONBUILDING FACILITIES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SEALED BID
Solicitation ID: W912DS07B0002
Offers Received: 7
Pricing Type: FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 24 TANNERY RD STE 1B, SOMERVILLE, NJ, 08876
Business Categories: Category Business, Small Business
Financial Breakdown
Contract Ceiling: $16,602,799
Exercised Options: $16,602,799
Current Obligation: $16,602,799
Contract Characteristics
Commercial Item: COMMERCIAL ITEM PROCEDURES NOT USED
Cost or Pricing Data: NO
Timeline
Start Date: 2007-05-25
Current End Date: 2009-12-16
Potential End Date: 2009-12-16 00:00:00
Last Modified: 2021-03-28
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