Army Awards $23.1M for Residential Remodeling Services to POONGLIM INDUSTRIAL CO., LTD
Contract Overview
Contract Amount: $23,099,105 ($23.1M)
Contractor: Poonglim Industrial CO., Ltd.
Awarding Agency: Department of Defense
Start Date: 2006-03-21
End Date: 2009-09-30
Contract Duration: 1,289 days
Daily Burn Rate: $17.9K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 15
Pricing Type: FIRM FIXED PRICE
Sector: Construction
Official Description: PPSL 0001 THRU 0011, PN-58354, HUMP
Plain-Language Summary
Department of Defense obligated $23.1 million to POONGLIM INDUSTRIAL CO., LTD. for work described as: PPSL 0001 THRU 0011, PN-58354, HUMP Key points: 1. The contract value is $23.1 million, awarded to a single vendor. 2. Full and open competition was utilized, suggesting a competitive bidding process. 3. The contract duration is 1289 days, indicating a long-term service requirement. 4. The award was made by the Department of the Army, a significant federal agency.
Value Assessment
Rating: fair
The contract value of $23.1 million over approximately 3.5 years suggests a moderate annual spend. Benchmarking against similar large-scale remodeling contracts would be necessary to assess pricing efficiency.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, which typically fosters competitive pricing. However, the award to a single entity implies that POONGLIM INDUSTRIAL CO., LTD. was the most advantageous offer received.
Taxpayer Impact: Taxpayer funds are being utilized for residential remodeling services, with the expectation that competitive bidding ensured a reasonable price for the services rendered.
Public Impact
Ensures adequate housing facilities for military personnel and their families. Supports the maintenance and upgrade of government-owned residential properties. Provides employment opportunities within the construction and remodeling sector.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of specific performance metrics in provided data.
- Potential for cost overruns in long-term remodeling projects.
- Dependence on a single contractor for a significant duration.
Positive Signals
- Awarded through full and open competition.
- Firm fixed price contract type can limit cost uncertainty.
- Long contract duration may indicate stable, ongoing need.
Sector Analysis
This contract falls under the construction and facilities maintenance sector. Federal spending in this area is substantial, supporting infrastructure and operational readiness across agencies. Benchmarks for similar remodeling contracts vary widely based on scope and location.
Small Business Impact
The provided data does not indicate any specific set-aside for small businesses. The contract was awarded to POONGLIM INDUSTRIAL CO., LTD., and it is unclear if they are a small business or if subcontracting opportunities exist for small businesses.
Oversight & Accountability
Oversight would typically be managed by the Department of the Army's contracting and project management offices to ensure adherence to contract terms, quality standards, and timely completion of remodeling services.
Related Government Programs
- Residential Remodelers
- Department of Defense Contracting
- Department of the Army Programs
Risk Flags
- Long contract duration may increase risk of scope creep or changing requirements.
- Lack of specific performance metrics in the data.
- Potential for cost escalation if not managed tightly.
- Dependence on a single contractor for essential services.
Tags
residential-remodelers, department-of-defense, definitive-contract, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Defense awarded $23.1 million to POONGLIM INDUSTRIAL CO., LTD.. PPSL 0001 THRU 0011, PN-58354, HUMP
Who is the contractor on this award?
The obligated recipient is POONGLIM INDUSTRIAL CO., LTD..
Which agency awarded this contract?
Awarding agency: Department of Defense (Department of the Army).
What is the total obligated amount?
The obligated amount is $23.1 million.
What is the period of performance?
Start: 2006-03-21. End: 2009-09-30.
What specific residential remodeling services are covered under this contract, and how do they align with the Army's housing needs?
The provided data lacks specifics on the exact scope of 'Residential Remodelers' services. These likely encompass a range of activities such as interior and exterior repairs, upgrades, and potentially renovations for military housing units. Understanding the precise nature of the work is crucial for assessing its alignment with the Army's housing maintenance and modernization strategies.
Given the 1289-day duration, what are the key performance indicators (KPIs) and quality assurance measures in place to manage this long-term contract effectively?
The data does not detail specific KPIs or quality assurance measures. For a contract of this length and value, robust oversight mechanisms are expected, including regular inspections, performance reviews, and adherence to established building codes and military housing standards to ensure quality and timely delivery.
How was the 'full and open competition' process structured to ensure the best value was obtained for the $23.1 million expenditure?
Full and open competition implies that all responsible sources were permitted to submit a bid. The process likely involved issuing a solicitation detailing requirements, evaluating proposals based on pre-defined criteria (e.g., technical capability, past performance, price), and selecting the offer that represented the best value to the government, not necessarily the lowest price.
Industry Classification
NAICS: Construction › Residential Building Construction › Residential Remodelers
Product/Service Code: MAINT, REPAIR, ALTER REAL PROPERTY › MAINT, ALTER, REPAIR BUILDINGS
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Solicitation ID: W912UM06R0005
Offers Received: 15
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 823 YEOKSAM-DONG KANGNAM-KU, SEOUL
Business Categories: Category Business, Not Designated a Small Business
Financial Breakdown
Contract Ceiling: $27,839,017,745
Exercised Options: $27,839,017,745
Current Obligation: $23,099,105
Contract Characteristics
Commercial Item: COMMERCIAL ITEM PROCEDURES NOT USED
Cost or Pricing Data: NO
Timeline
Start Date: 2006-03-21
Current End Date: 2009-09-30
Potential End Date: 2009-09-30 00:00:00
Last Modified: 2021-07-14
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