NIH awards $14.16M for Biomedical R&D to Coriell Institute, highlighting research in physical, engineering, and life sciences
Contract Overview
Contract Amount: $14,164,241 ($14.2M)
Contractor: Coriell Institute for Medical Research, Inc.
Awarding Agency: Department of Health and Human Services
Start Date: 2002-09-30
End Date: 2008-09-29
Contract Duration: 2,191 days
Daily Burn Rate: $6.5K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 6
Pricing Type: COST NO FEE
Sector: R&D
Official Description: BIOMEDICAL (APPLIED/EXPLORATORY)
Place of Performance
Location: CAMDEN, CAMDEN County, NEW JERSEY, 08103
Plain-Language Summary
Department of Health and Human Services obligated $14.2 million to CORIELL INSTITUTE FOR MEDICAL RESEARCH, INC. for work described as: BIOMEDICAL (APPLIED/EXPLORATORY) Key points: 1. The award of $14.16 million supports critical biomedical research. 2. Competition was full and open, suggesting a robust selection process. 3. The contract duration of 6 years indicates a long-term research commitment. 4. The sector is R&D, specifically within physical, engineering, and life sciences.
Value Assessment
Rating: good
The contract is listed as 'COST NO FEE', which is common for research grants where the primary goal is scientific advancement rather than profit. Pricing assessment is difficult without specific cost breakdowns, but the 'no fee' structure suggests a focus on direct research expenses.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, indicating that multiple qualified bidders had the opportunity to submit proposals. This method generally leads to better price discovery and ensures the government selects the most advantageous offer.
Taxpayer Impact: The taxpayer impact is positive, as full and open competition aims to secure the best value for research funding, ensuring taxpayer dollars are used efficiently for scientific progress.
Public Impact
Supports advancements in biomedical research, potentially leading to new treatments and understanding of diseases. The funding contributes to the scientific infrastructure and expertise within the United States. Long-term investment in R&D can foster innovation and economic growth in the life sciences sector.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of specific cost breakdown makes detailed value assessment challenging.
- The 'COST NO FEE' structure might limit contractor incentive for cost efficiency.
Positive Signals
- Awarded through full and open competition.
- Significant funding for critical biomedical research.
- Long contract duration suggests sustained research effort.
Sector Analysis
This award falls within the Biomedical (Applied/Exploratory) sector, specifically under NAICS code 541710 (Research and Development in the Physical, Engineering, and Life Sciences). Spending in this sector is crucial for scientific advancement and public health.
Small Business Impact
The data does not indicate whether small businesses were involved in this contract. Further analysis would be needed to determine the extent of small business participation.
Oversight & Accountability
The award was made by the National Institutes of Health (NIH), a major funding agency with established oversight mechanisms for research grants. Accountability is typically managed through progress reports and scientific review.
Related Government Programs
- Research and Development in the Physical, Engineering, and Life Sciences
- Department of Health and Human Services Contracting
- National Institutes of Health Programs
Risk Flags
- Cost transparency limited by 'COST NO FEE' structure.
- Specific research outcomes not detailed.
- Potential for reduced contractor cost-consciousness.
- No explicit mention of small business participation.
Tags
research-and-development-in-the-physical, department-of-health-and-human-services, nj, dca, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Health and Human Services awarded $14.2 million to CORIELL INSTITUTE FOR MEDICAL RESEARCH, INC.. BIOMEDICAL (APPLIED/EXPLORATORY)
Who is the contractor on this award?
The obligated recipient is CORIELL INSTITUTE FOR MEDICAL RESEARCH, INC..
Which agency awarded this contract?
Awarding agency: Department of Health and Human Services (National Institutes of Health).
What is the total obligated amount?
The obligated amount is $14.2 million.
What is the period of performance?
Start: 2002-09-30. End: 2008-09-29.
What is the specific research focus within the biomedical field for this award?
The provided data indicates the award is for 'Research and Development in the Physical, Engineering, and Life Sciences' (NAICS 541710) and falls under the 'BIOMEDICAL (APPLIED/EXPLORATORY)' category. However, the precise research questions, methodologies, or specific disease areas being investigated are not detailed in this summary data. Further review of the grant proposal or award details would be necessary to ascertain the exact scientific focus.
How does the 'COST NO FEE' structure impact the risk of cost overruns?
The 'COST NO FEE' structure, common in research grants, means the contractor is reimbursed for allowable costs but receives no additional profit. This can reduce the risk of inflated costs driven by profit motives. However, it might also reduce contractor incentive to aggressively control costs, potentially increasing the risk of overruns if not managed with strong oversight from the funding agency.
What is the expected long-term effectiveness of this research investment?
The long-term effectiveness is anticipated to be significant, given the substantial $14.16 million investment over six years in biomedical R&D. Such funding supports the generation of new knowledge, potential development of novel therapies or diagnostic tools, and advancement of scientific understanding. The ultimate impact depends on the success of the research conducted by the Coriell Institute and its translation into practical applications.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Scientific Research and Development Services › Research and Development in the Physical, Engineering, and Life Sciences
Product/Service Code: RESEARCH AND DEVELOPMENT › N – Health R&D Services
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Offers Received: 6
Pricing Type: COST NO FEE (S)
Evaluated Preference: NONE
Contractor Details
Address: 403 HADDON AVE, CAMDEN, NJ, 01
Business Categories: Category Business, Nonprofit Organization, Not Designated a Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $14,164,241
Exercised Options: $14,164,241
Current Obligation: $14,164,241
Timeline
Start Date: 2002-09-30
Current End Date: 2008-09-29
Potential End Date: 2008-09-29 00:00:00
Last Modified: 2014-12-23
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