State Dept. awards $1.14M contract for armored vehicle cash services to Brink's, Inc
Contract Overview
Contract Amount: $1,142,935 ($1.1M)
Contractor: Brink's, Incorporated
Awarding Agency: Department of State
Start Date: 2020-05-30
End Date: 2025-11-29
Contract Duration: 2,009 days
Daily Burn Rate: $569/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 1
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: ARMORED VEHICLE CASH PICK UP AND DEPOSIT SERVICES.
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20520
Plain-Language Summary
Department of State obligated $1.1 million to BRINK'S, INCORPORATED for work described as: ARMORED VEHICLE CASH PICK UP AND DEPOSIT SERVICES. Key points: 1. Contract value is $1.14 million over its period of performance. 2. Brink's, Inc. is the sole awardee. 3. The contract is for armored car services, a critical but potentially high-risk function. 4. The sector is primarily service-based, supporting government operations.
Value Assessment
Rating: fair
The contract value of $1.14M over approximately 5.5 years suggests a moderate annual spend. Benchmarking against similar armored car services contracts would be necessary for a precise value assessment, but the firm fixed price suggests cost certainty.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, which generally promotes competitive pricing. However, the specific details of the bidding process and the number of bidders are not provided, making it difficult to fully assess price discovery.
Taxpayer Impact: Taxpayer funds are being used for essential security and logistics services. The competitive award process aims to ensure reasonable pricing for these services.
Public Impact
Ensures secure transportation of cash and valuables for the Department of State. Supports critical government functions by maintaining financial logistics. Provides employment within the security and transportation sector.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Potential for service disruptions if the contractor faces operational issues.
- Reliance on a single contractor for a critical service.
Positive Signals
- Awarded through full and open competition.
- Firm fixed price contract provides cost predictability.
Sector Analysis
The armored car services sector is characterized by specialized logistics and security requirements. Spending benchmarks can vary significantly based on geographic coverage, frequency of service, and the value of assets transported.
Small Business Impact
The data indicates this contract was not set aside for small businesses, and the awardee, Brink's, Inc., is a large corporation. There is no indication of small business participation in this specific award.
Oversight & Accountability
The contract is managed by the Department of State. Oversight would focus on service delivery, adherence to security protocols, and financial accountability throughout the contract term.
Related Government Programs
- Armored Car Services
- Department of State Contracting
- Department of State Programs
Risk Flags
- Reliance on a single vendor.
- Potential for service disruption.
- Security risks inherent in cash transport.
- Contract duration extends over multiple fiscal years.
Tags
armored-car-services, department-of-state, dc, definitive-contract, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of State awarded $1.1 million to BRINK'S, INCORPORATED. ARMORED VEHICLE CASH PICK UP AND DEPOSIT SERVICES.
Who is the contractor on this award?
The obligated recipient is BRINK'S, INCORPORATED.
Which agency awarded this contract?
Awarding agency: Department of State (Department of State).
What is the total obligated amount?
The obligated amount is $1.1 million.
What is the period of performance?
Start: 2020-05-30. End: 2025-11-29.
What is the typical cost per armored car pickup/deposit for similar government contracts?
Determining a precise per-unit cost benchmark for armored car services is challenging without detailed service level agreements and geographic scope. However, factors like distance, frequency, value of goods, and security levels heavily influence pricing. A comparative analysis of contracts with similar operational parameters would be needed to establish a reliable benchmark.
What are the primary risks associated with relying on a single provider for armored car services?
The primary risks include service disruption due to contractor operational failures, financial instability, or labor disputes. A single provider also limits recourse if performance issues arise, potentially impacting the agency's ability to conduct essential financial operations securely and efficiently. Contingency planning and robust performance monitoring are crucial.
How effectively does the firm fixed price contract ensure value for money in this service?
A firm fixed price contract provides cost certainty for the government, shifting the risk of cost overruns to the contractor. This can be effective for well-defined services like armored car transport. However, value for money also depends on the initial pricing negotiation, the competitiveness of the bidding process, and ongoing performance monitoring to ensure service quality meets expectations.
Industry Classification
NAICS: Administrative and Support and Waste Management and Remediation Services › Investigation and Security Services › Armored Car Services
Product/Service Code: QUALITY CONTROL, TEST, INSPECTION › OTHER QUALITY, TEST, INSPECT SVCS
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Solicitation ID: 19AQMM20Q00003
Offers Received: 1
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Parent Company: THE Brink's Company
Address: 1801 BAYBERRY CT STE 400, RICHMOND, VA, 23226
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $1,962,635
Exercised Options: $1,146,722
Current Obligation: $1,142,935
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: NO
Timeline
Start Date: 2020-05-30
Current End Date: 2025-11-29
Potential End Date: 2025-11-29 00:00:00
Last Modified: 2026-04-08
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