Treasury's $146K Parking Contract with ONE PARKING, LLC for TTB HQ Lacks Competition
Contract Overview
Contract Amount: $146,244 ($146.2K)
Contractor: ONE Parking, LLC
Awarding Agency: Department of the Treasury
Start Date: 2020-10-01
End Date: 2025-12-31
Contract Duration: 1,917 days
Daily Burn Rate: $76/day
Competition Type: NOT COMPETED UNDER SAP
Number of Offers Received: 1
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: PARKING SPACES FOR TTB HQ
Place of Performance
Location: WEST PALM BEACH, PALM BEACH County, FLORIDA, 33401
State: Florida Government Spending
Plain-Language Summary
Department of the Treasury obligated $146,244.02 to ONE PARKING, LLC for work described as: PARKING SPACES FOR TTB HQ Key points: 1. Contract awarded to ONE PARKING, LLC for parking spaces. 2. Significant duration of 1917 days (over 5 years). 3. No competition was sought for this contract. 4. The North American Industry Classification System (NAICS) code is 812930 (Parking Lots and Garages).
Value Assessment
Rating: questionable
The contract's value of $146,244.02 over nearly five years for parking spaces appears high given the lack of competitive bidding. Without market research or comparison to similar contracts, it's difficult to ascertain if this price represents fair value.
Cost Per Unit: N/A
Competition Analysis
Competition Level: limited
The contract was 'NOT COMPETED UNDER SAP,' indicating a limited competition approach. This likely resulted in a higher price than if multiple vendors had been solicited, as price discovery mechanisms were bypassed.
Taxpayer Impact: Taxpayers may be overpaying for parking services due to the absence of a competitive bidding process, potentially diverting funds from other essential government functions.
Public Impact
Government employees at TTB HQ will have access to parking. The contract supports a private vendor, ONE PARKING, LLC. The duration of the contract extends beyond typical annual appropriations. The specific location is in Florida (ST='FL').
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of competition
- Potentially inflated price
- Long contract duration without re-evaluation
Positive Signals
- Provides necessary parking for TTB HQ staff
- Firm fixed price contract provides cost certainty
Sector Analysis
The contract falls under the 'Parking Lots and Garages' sector (NAICS 812930). Government spending in this area typically involves facility management and real estate services. Benchmarks for parking services can vary widely based on location and amenities.
Small Business Impact
The contract was not competed, and there is no indication that small businesses were specifically considered or awarded a portion of this contract. The sole awardee is ONE PARKING, LLC.
Oversight & Accountability
The lack of competition raises questions about oversight and whether the procurement process adhered to best practices for ensuring value for taxpayer money. Further review of the justification for limited competition is warranted.
Related Government Programs
- Parking Lots and Garages
- Department of the Treasury Contracting
- Bureau of the Fiscal Service Programs
Risk Flags
- Lack of competitive bidding
- Potential for overpricing
- Long-term commitment without re-competition
- Limited transparency on justification for sole source
Tags
parking-lots-and-garages, department-of-the-treasury, fl, purchase-order, 100k-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of the Treasury awarded $146,244.02 to ONE PARKING, LLC. PARKING SPACES FOR TTB HQ
Who is the contractor on this award?
The obligated recipient is ONE PARKING, LLC.
Which agency awarded this contract?
Awarding agency: Department of the Treasury (Bureau of the Fiscal Service).
What is the total obligated amount?
The obligated amount is $146,244.02.
What is the period of performance?
Start: 2020-10-01. End: 2025-12-31.
What was the justification for not competing this contract under standard procurement procedures?
The data states the contract was 'NOT COMPETED UNDER SAP.' This suggests that either the procurement threshold was not met for full competition, or a specific exception was invoked. Without further documentation, the precise reason remains unclear, but it bypasses the typical process designed to ensure competitive pricing and maximize value for the government.
How does the per-unit cost of these parking spaces compare to market rates in the relevant geographic area?
The provided data does not include a per-unit cost breakdown or specific location details beyond 'FLORIDA'. To assess value, a comparison with local market rates for similar parking services in the TTB HQ's vicinity would be necessary. The absence of this data makes a definitive value assessment challenging.
What is the potential financial risk to taxpayers if the pricing is not competitive?
If the pricing is not competitive due to the lack of bidding, taxpayers could be overpaying for parking services over the contract's nearly five-year duration. This could amount to a significant sum, diverting funds that could be used for other critical government needs or services.
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: NOT COMPETED UNDER SAP
Solicitation Procedures: SIMPLIFIED ACQUISITION
Offers Received: 1
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 477 S ROSEMARY AVE STE 202, WEST PALM BEACH, FL, 33401
Business Categories: Category Business, Limited Liability Corporation, Partnership or Limited Liability Partnership, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, U.S.-Owned Business, Woman Owned Business, Women Owned Small Business
Financial Breakdown
Contract Ceiling: $146,244
Exercised Options: $146,244
Current Obligation: $146,244
Actual Outlays: $146,244
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Timeline
Start Date: 2020-10-01
Current End Date: 2025-12-31
Potential End Date: 2026-05-08 00:00:00
Last Modified: 2026-04-08
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