DoD awards $64.6M Cost Plus Award Fee contract to Raytheon for technical services

Contract Overview

Contract Amount: $64,599,408 ($64.6M)

Contractor: Raytheon Technical Services Company LLC

Awarding Agency: Department of Defense

Start Date: 2007-05-18

End Date: 2011-09-30

Contract Duration: 1,596 days

Daily Burn Rate: $40.5K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 2

Pricing Type: COST PLUS AWARD FEE

Sector: Other

Official Description: COST PLUS AWARD FEE TASK ORDERS

Plain-Language Summary

Department of Defense obligated $64.6 million to RAYTHEON TECHNICAL SERVICES COMPANY LLC for work described as: COST PLUS AWARD FEE TASK ORDERS Key points: 1. Significant contract value awarded to a single large business. 2. Competition method was full and open, suggesting potential for competitive pricing. 3. Contract type is Cost Plus Award Fee, which can incentivize performance but requires careful oversight. 4. Services fall under 'All Other Professional, Scientific, and Technical Services' sector.

Value Assessment

Rating: fair

The Cost Plus Award Fee structure allows for cost reimbursement plus an award fee based on performance. Without specific award fee criteria and outcomes, it's difficult to definitively assess value, but this structure can lead to higher costs than fixed-price contracts if not managed tightly.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, which is generally positive for price discovery. However, the specific award mechanism (Delivery Order) and the Cost Plus Award Fee structure mean that the final price is not fixed upfront and depends on performance and costs incurred.

Taxpayer Impact: The use of full and open competition is intended to ensure taxpayer funds are used efficiently. However, the Cost Plus Award Fee structure necessitates robust oversight to prevent cost overruns and ensure value for money.

Public Impact

Defense Threat Reduction Agency relies on these technical services for critical national security missions. Raytheon Technical Services Company LLC, a major defense contractor, is the awardee. The contract duration of over 4 years indicates a long-term need for these specialized services. The broad NAICS code suggests a wide range of potential technical support activities.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Positive Signals

Sector Analysis

This contract falls under the 'All Other Professional, Scientific, and Technical Services' sector, which is broad and encompasses a wide array of specialized support. Spending in this sector can vary significantly based on agency needs, but typically involves high-skilled labor and complex problem-solving.

Small Business Impact

The data indicates that this contract was not awarded to a small business (ss: false, sb: false). There is no information provided regarding subcontracting opportunities for small businesses.

Oversight & Accountability

The Cost Plus Award Fee contract type necessitates strong government oversight to monitor costs, evaluate performance against award criteria, and ensure the contractor is delivering value. The Defense Threat Reduction Agency is responsible for this oversight.

Related Government Programs

Risk Flags

Tags

all-other-professional-scientific-and-te, department-of-defense, delivery-order, 10m-plus

Frequently Asked Questions

What is this federal contract paying for?

Department of Defense awarded $64.6 million to RAYTHEON TECHNICAL SERVICES COMPANY LLC. COST PLUS AWARD FEE TASK ORDERS

Who is the contractor on this award?

The obligated recipient is RAYTHEON TECHNICAL SERVICES COMPANY LLC.

Which agency awarded this contract?

Awarding agency: Department of Defense (Defense Threat Reduction Agency).

What is the total obligated amount?

The obligated amount is $64.6 million.

What is the period of performance?

Start: 2007-05-18. End: 2011-09-30.

What were the specific performance metrics and award fee criteria used to determine the final award fee, and how did Raytheon perform against them?

The specific performance metrics and award fee criteria are not detailed in the provided data. For a Cost Plus Award Fee contract, these criteria are crucial for assessing value. They typically relate to technical performance, schedule adherence, and cost control. Without knowing these metrics and Raytheon's performance against them, it's impossible to fully evaluate the 'award' portion of the fee and thus the overall value achieved for the taxpayer.

What is the total potential value of the contract, considering the base cost plus the maximum possible award fee?

The provided data shows an obligated amount of $64,599,407.97. The contract type is Cost Plus Award Fee. To determine the total potential value, one would need to know the ceiling price or the maximum potential award fee. Without this information, we can only assess the obligated amount, not the full potential cost to the government.

How does the per-unit cost of these services compare to similar services procured by the government or in the commercial sector?

A direct per-unit cost benchmark is not possible with the provided data. The contract is for 'All Other Professional, Scientific, and Technical Services' under a Cost Plus Award Fee structure, making a simple per-unit comparison difficult. Benchmarking would require detailed knowledge of the specific services rendered, labor categories, hours, and the contractor's fee structure, which are not available here.

Industry Classification

NAICS: Professional, Scientific, and Technical ServicesOther Professional, Scientific, and Technical ServicesAll Other Professional, Scientific, and Technical Services

Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT)PROFESSIONAL SERVICES

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Offers Received: 2

Pricing Type: COST PLUS AWARD FEE (R)

Evaluated Preference: NONE

Contractor Details

Parent Company: Raytheon Company

Address: 22265 PACIFIC BLVD, STERLING, VA, 20166

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Manufacturer of Goods, Not Designated a Small Business

Financial Breakdown

Contract Ceiling: $67,813,589

Exercised Options: $67,813,589

Current Obligation: $64,599,408

Contract Characteristics

Commercial Item: COMMERCIAL ITEM PROCEDURES NOT USED

Cost or Pricing Data: YES

Parent Contract

Parent Award PIID: DTRA0101D0013

IDV Type: IDC

Timeline

Start Date: 2007-05-18

Current End Date: 2011-09-30

Potential End Date: 2011-09-30 00:00:00

Last Modified: 2024-11-22

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