Treasury's $18.1M General Property Management Contract Awarded to Amentum Services, Inc
Contract Overview
Contract Amount: $18,135,352 ($18.1M)
Contractor: Amentum Services, Inc.
Awarding Agency: Department of the Treasury
Start Date: 2024-12-16
End Date: 2025-04-09
Contract Duration: 114 days
Daily Burn Rate: $159.1K/day
Competition Type: FULL AND OPEN COMPETITION
Pricing Type: COST NO FEE
Sector: Other
Official Description: ORDER #1 - MISSION TO MANAGE AND DISPOSE OF GENERAL PROPERTY
Place of Performance
Location: CHANTILLY, FAIRFAX County, VIRGINIA, 20151
State: Virginia Government Spending
Plain-Language Summary
Department of the Treasury obligated $18.1 million to AMENTUM SERVICES, INC. for work described as: ORDER #1 - MISSION TO MANAGE AND DISPOSE OF GENERAL PROPERTY Key points: 1. Contract value of $18.1M for property management and disposal. 2. Awarded under full and open competition, suggesting market availability. 3. Potential risk in ensuring efficient disposal and cost recovery. 4. Sector is Warehousing and Storage, a common government support function.
Value Assessment
Rating: fair
The contract is a delivery order under a larger award. Pricing is 'Cost No Fee', which requires careful monitoring to ensure costs are reasonable and necessary for the services provided.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded through full and open competition, indicating multiple vendors could bid. This method generally promotes competitive pricing and allows the government to select the best value.
Taxpayer Impact: Taxpayer funds are used for property management services. The 'Cost No Fee' structure necessitates robust oversight to prevent cost overruns and ensure value for money.
Public Impact
Ensures efficient management and disposal of government property. Supports departmental operations by handling surplus or excess assets. Potential for cost savings if disposal processes are optimized.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Cost No Fee structure requires diligent oversight.
- Short performance period may limit long-term efficiency gains.
Positive Signals
- Awarded via full and open competition.
- Clear objective for property management and disposal.
Sector Analysis
This contract falls within the General Warehousing and Storage sector, which supports various government agencies in managing physical assets. Spending benchmarks for this sector can vary widely based on the scope and complexity of property managed.
Small Business Impact
The data does not indicate if small businesses were involved in this specific delivery order. Further analysis would be needed to determine small business participation.
Oversight & Accountability
The 'Cost No Fee' pricing model requires strong government oversight to ensure that costs incurred by the contractor are reasonable, allocable, and allowable. Performance monitoring will be crucial.
Related Government Programs
- General Warehousing and Storage
- Department of the Treasury Contracting
- Departmental Offices Programs
Risk Flags
- Potential for cost overruns due to 'Cost No Fee' structure.
- Risk of inefficient property disposal impacting asset recovery.
- Short contract duration may limit comprehensive process optimization.
- Dependence on contractor's internal controls for cost management.
Tags
general-warehousing-and-storage, department-of-the-treasury, va, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of the Treasury awarded $18.1 million to AMENTUM SERVICES, INC.. ORDER #1 - MISSION TO MANAGE AND DISPOSE OF GENERAL PROPERTY
Who is the contractor on this award?
The obligated recipient is AMENTUM SERVICES, INC..
Which agency awarded this contract?
Awarding agency: Department of the Treasury (Departmental Offices).
What is the total obligated amount?
The obligated amount is $18.1 million.
What is the period of performance?
Start: 2024-12-16. End: 2025-04-09.
What is the historical cost performance for similar property management contracts awarded under a 'Cost No Fee' structure?
Historical data for 'Cost No Fee' contracts in property management is essential for benchmarking. Without specific cost breakdowns, it's difficult to assess if Amentum's incurred costs are competitive or if there's potential for inflated expenses. Analyzing past contract performance and audit reports for similar services can reveal trends in cost efficiency and contractor management.
What are the key performance indicators (KPIs) for this contract, and how will they be monitored to ensure effective property disposal?
Effective monitoring relies on clearly defined KPIs such as turnaround time for disposal, percentage of assets successfully sold or repurposed, and adherence to environmental regulations. The Department of the Treasury must establish robust tracking mechanisms to ensure Amentum meets these targets, preventing unnecessary holding costs and maximizing asset recovery for the government.
How does the 'Cost No Fee' structure impact the contractor's incentive to minimize disposal costs and maximize revenue?
The 'Cost No Fee' structure, while seemingly straightforward, can reduce the contractor's direct financial incentive to aggressively minimize disposal costs or maximize sale prices, as their fee is not directly tied to these outcomes. Oversight must focus on ensuring the contractor acts in the government's best interest, potentially through performance incentives or strict cost audits, to achieve optimal value.
Industry Classification
NAICS: Transportation and Warehousing › Warehousing and Storage › General Warehousing and Storage
Product/Service Code: OPERATION OF GOVT OWNED FACILITY › OPERATE GOVT OWNED BUILDINGS
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Pricing Type: COST NO FEE (S)
Evaluated Preference: NONE
Contractor Details
Parent Company: PAE Government Services Inc.
Address: 4800 WESTFIELDS BLVD STE 400, CHANTILLY, VA, 20151
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $18,135,352
Exercised Options: $18,135,352
Current Obligation: $18,135,352
Actual Outlays: $67,987,821
Subaward Activity
Number of Subawards: 8
Total Subaward Amount: $1,835,268
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: YES
Parent Contract
Parent Award PIID: 2032H324D00001
IDV Type: IDC
Timeline
Start Date: 2024-12-16
Current End Date: 2025-04-09
Potential End Date: 2025-04-09 00:00:00
Last Modified: 2025-06-27
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