EOP Spends $50,985 on 15 Parking Spaces with Colonial Parking, Inc. for 1 Year

Contract Overview

Contract Amount: $50,985 ($51.0K)

Contractor: Colonial Parking, Inc

Awarding Agency: Executive Office of the President

Start Date: 2026-01-03

End Date: 2027-01-02

Contract Duration: 364 days

Daily Burn Rate: $140/day

Competition Type: COMPETED UNDER SAP

Number of Offers Received: 3

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: PARKING SPACES (15) - USTR

Place of Performance

Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20001

State: District of Columbia Government Spending

Plain-Language Summary

Executive Office of the President obligated $50,985 to COLONIAL PARKING, INC for work described as: PARKING SPACES (15) - USTR Key points: 1. Contract Value: $50,985 for 15 parking spaces. 2. Competition: Competed under SAP, indicating some level of market research. 3. Risk: Firm Fixed Price contract mitigates cost overrun risk. 4. Sector: Services (Parking).

Value Assessment

Rating: fair

The contract price of $50,985 for 15 parking spaces equates to approximately $3,399 per space per year. This seems high compared to typical commercial parking rates in urban areas, suggesting potential overpricing or unique service requirements.

Cost Per Unit: $3,399/space/year

Competition Analysis

Competition Level: limited

The contract was competed under SAP (Simplified Acquisition Procedures), suggesting a limited competition approach. While some competition occurred, the specific details of the bidding process and the number of bidders are not provided, potentially limiting price discovery.

Taxpayer Impact: Taxpayer funds are used for parking services. The potential for overpricing identified in the value assessment means taxpayers may not be receiving the best possible value for these services.

Public Impact

Government employees in Washington D.C. will have access to 15 designated parking spaces. The contract supports the operational needs of the Executive Office of the President. The cost of parking could be a factor in employee retention and productivity for those requiring on-site parking.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Potential overpricing based on per-unit cost.
Limited competition may have impacted price discovery.
Lack of detail on SAP competition process.

Positive Signals

Firm Fixed Price contract provides cost certainty.
Contract duration is clearly defined.
Specific location (DC) is identified.

Sector Analysis

The contract falls under general administrative services, specifically parking. Spending benchmarks for parking services can vary significantly based on location, security requirements, and included amenities. This contract's price per space appears high relative to general commercial rates.

Small Business Impact

The data does not indicate whether small businesses were involved in this contract. Further investigation would be needed to determine small business participation.

Oversight & Accountability

The contract was awarded by the Executive Office of the President, suggesting a high level of scrutiny. However, the details of the SAP competition and the justification for the selected vendor and price require further oversight.

Related Government Programs

Parking Lots and Garages
Executive Office of the President Contracting
Executive Office of the President Programs

Risk Flags

Potential overpricing
Limited competition transparency
High cost per unit
Lack of detailed service description

Frequently Asked Questions

What is this federal contract paying for?

Executive Office of the President awarded $50,985 to COLONIAL PARKING, INC. PARKING SPACES (15) - USTR

Who is the contractor on this award?

The obligated recipient is COLONIAL PARKING, INC.

Which agency awarded this contract?

Awarding agency: Executive Office of the President (Executive Office of the President).

What is the total obligated amount?

The obligated amount is $50,985.

What is the period of performance?

Start: 2026-01-03. End: 2027-01-02.

What specific services or amenities are included in the parking contract that justify the per-unit cost?

The provided data lacks specifics on included services beyond basic parking. To justify the $3,399 per space per year cost, the contract might include premium features like 24/7 security, covered parking, valet services, or proximity to specific high-security areas within the Executive Office of the President. Without this detail, the price remains questionable.

What was the competitive landscape during the SAP competition for these parking spaces?

While competed under SAP, the extent of competition is unclear. SAP allows for simplified procedures, but agencies should still strive for maximum practicable competition. Understanding the number of quotes received and the basis for selecting Colonial Parking, Inc. is crucial to assess if the government secured the best possible price and terms.

How does this parking contract align with the agency's overall space utilization and transportation policies?

This contract provides 15 parking spaces for the Executive Office of the President. An assessment of alignment would require understanding the agency's current parking needs, utilization rates, alternative transportation incentives, and overall real estate strategy. Ensuring this contract supports broader efficiency goals is key to its effectiveness.

Industry Classification

NAICS: Other Services (except Public Administration) › Other Personal Services › Parking Lots and Garages

Product/Service Code: LEASE/RENT FACILITIES › LEASE/RENTAL OF BUILDINGS

Competition & Pricing

Extent Competed: COMPETED UNDER SAP

Solicitation Procedures: SIMPLIFIED ACQUISITION

Offers Received: 3

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Parent Company: Forge Company

Address: 1050 THMS JEFRSN ST NW 100, WASHINGTON, DC, 20007

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $50,985

Exercised Options: $50,985

Current Obligation: $50,985

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: 11316023A0001EOP

IDV Type: BPA

Timeline