DoD's $32.6M OSAN FAMILY HOUSING PH 2 Construction Contract Awarded to ISU Engineering & Construction Co
Contract Overview
Contract Amount: $32,590,757 ($32.6M)
Contractor: ISU Engineering & Construction CO.
Awarding Agency: Department of Defense
Start Date: 2004-09-29
End Date: 2008-09-30
Contract Duration: 1,462 days
Daily Burn Rate: $22.3K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 17
Pricing Type: FIXED PRICE
Sector: Construction
Official Description: OSAN FAMILY HOUSING PH 2
Plain-Language Summary
Department of Defense obligated $32.6 million to ISU ENGINEERING & CONSTRUCTION CO. for work described as: OSAN FAMILY HOUSING PH 2 Key points: 1. The contract, valued at $32.6 million, was awarded by the Department of the Army. 2. ISU Engineering & Construction Co. secured the contract through full and open competition. 3. The project falls under 'Other Heavy and Civil Engineering Construction' and was awarded in 2004. 4. The fixed-price contract duration was 1462 days, indicating a significant construction undertaking.
Value Assessment
Rating: fair
The contract value of $32.6 million for a large housing project seems within a reasonable range for heavy civil engineering construction. However, without specific project scope details and comparable project data, a precise pricing assessment is difficult.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded using full and open competition, which typically fosters competitive pricing and allows for a broad range of qualified contractors to bid. This method is generally effective in achieving fair market prices.
Taxpayer Impact: Full and open competition is intended to ensure taxpayer funds are used efficiently by driving down costs through market forces.
Public Impact
This project directly impacts military families by providing housing, contributing to morale and readiness. The construction involves significant infrastructure development, potentially improving the local community's facilities. The duration of the contract suggests a substantial and complex construction effort, requiring careful management.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of specific performance metrics or quality indicators in the provided data.
- No information on whether small businesses were involved or subcontracted.
Positive Signals
- Awarded through full and open competition, suggesting a competitive bidding process.
- Fixed-price contract type can provide cost certainty for the government.
Sector Analysis
This contract falls under the heavy and civil engineering construction sector, which is critical for infrastructure development. Spending in this sector can vary significantly based on government needs for facilities, bases, and public works.
Small Business Impact
The provided data indicates that this contract was not awarded to a small business (ss: false) and does not specify any small business set-aside provisions. Further analysis would be needed to determine if small businesses were involved as subcontractors.
Oversight & Accountability
The Department of the Army, under the Department of Defense, is responsible for overseeing this contract. Standard government oversight mechanisms for construction projects would apply, including progress monitoring and quality assurance.
Related Government Programs
- Other Heavy and Civil Engineering Construction
- Department of Defense Contracting
- Department of the Army Programs
Risk Flags
- Potential for cost overruns if change orders were extensive.
- Lack of transparency regarding small business participation.
- No clear indication of performance quality or contractor accountability in the provided data.
- Long contract duration could introduce risks related to material cost fluctuations or unforeseen site conditions.
Tags
other-heavy-and-civil-engineering-constr, department-of-defense, dca, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Defense awarded $32.6 million to ISU ENGINEERING & CONSTRUCTION CO.. OSAN FAMILY HOUSING PH 2
Who is the contractor on this award?
The obligated recipient is ISU ENGINEERING & CONSTRUCTION CO..
Which agency awarded this contract?
Awarding agency: Department of Defense (Department of the Army).
What is the total obligated amount?
The obligated amount is $32.6 million.
What is the period of performance?
Start: 2004-09-29. End: 2008-09-30.
What was the final cost compared to the initial bid, and were there any significant change orders?
The provided data only shows the awarded amount ($32.6M) and does not detail the initial bid or any subsequent change orders. Analyzing contract modifications and final payment records would be necessary to assess if the final cost deviated significantly from the awarded value and to understand the reasons behind any such deviations.
Were there any performance issues or disputes during the contract execution?
The available data does not include information on contract performance, disputes, or contractor performance ratings. A thorough review of contract administration files, including inspection reports and any formal communications between the contracting parties, would be required to identify any performance-related issues or disputes that arose.
How did the final construction quality compare to the contract specifications?
Assessing the final construction quality against specifications requires access to project close-out documentation, final inspection reports, and potentially post-occupancy evaluations. Without these detailed records, it is impossible to determine if the project met all contractual quality standards or if any deficiencies were identified and rectified.
Industry Classification
NAICS: Construction › Other Heavy and Civil Engineering Construction › Other Heavy and Civil Engineering Construction
Product/Service Code: CONSTRUCT OF STRUCTURES/FACILITIES › CONSTRUCTION OF BUILDINGS
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Solicitation ID: W912UM04R0023
Offers Received: 17
Pricing Type: FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Parent Company: ISU Holdings CO. Ltd. (UEI: 687912972)
Address: 112-4 BANPO-DONG, SEOCHO-GU, SEOUL
Business Categories: Category Business, Not Designated a Small Business
Financial Breakdown
Contract Ceiling: $40,901,397,286
Exercised Options: $40,901,397,286
Current Obligation: $32,590,757
Contract Characteristics
Cost or Pricing Data: YES
Timeline
Start Date: 2004-09-29
Current End Date: 2008-09-30
Potential End Date: 2008-09-30 00:00:00
Last Modified: 2015-11-17
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