US Mint Spends $352,581 on Philadelphia Police Parking Services

Contract Overview

Contract Amount: $3,525,810 ($3.5M)

Contractor: Philadelphia Parking Authority

Awarding Agency: Department of the Treasury

Start Date: 2020-11-16

End Date: 2026-04-30

Contract Duration: 1,991 days

Daily Burn Rate: $1.8K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 1

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: PROVIDE USM-PH EMPLOYEE&MINT POLICE PARKING

Place of Performance

Location: PHILADELPHIA, PHILADELPHIA County, PENNSYLVANIA, 19106

State: Pennsylvania Government Spending

Plain-Language Summary

Department of the Treasury obligated $3.5 million to PHILADELPHIA PARKING AUTHORITY for work described as: PROVIDE USM-PH EMPLOYEE&MINT POLICE PARKING Key points: 1. The contract value is $352,581 over its period of performance. 2. Competition was full and open, suggesting potential for competitive pricing. 3. The contract is a definitive contract with a firm fixed price. 4. The sector is primarily administrative support services for facilities.

Value Assessment

Rating: good

The firm fixed price contract for parking services appears reasonable given the duration and scope. Benchmarking against similar municipal parking contracts would provide further validation.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, indicating that multiple vendors had the opportunity to bid. This method generally promotes competitive pricing and ensures the government receives fair value.

Taxpayer Impact: Taxpayer funds are being used for essential services supporting the US Mint's Philadelphia operations, with competition likely ensuring cost-effectiveness.

Public Impact

Ensures secure and convenient parking for US Mint employees in Philadelphia. Supports local law enforcement by providing necessary parking facilities. The contract contributes to the operational efficiency of the Philadelphia Mint facility.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Lack of specific performance metrics in the provided data.
Potential for price increases if contract terms are not strictly managed.
Dependence on a single definitive contract for a critical service.

Positive Signals

Full and open competition promotes fair pricing.
Firm fixed price contract provides cost certainty.
Long-term contract ensures service continuity.

Sector Analysis

This contract falls under administrative and support services, specifically related to facility management and security. Spending benchmarks for similar parking contracts are typically localized and depend on the specific services provided.

Small Business Impact

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

Oversight & Accountability

The contract is managed by the Department of the Treasury, with the United States Mint as the agency. Standard government oversight processes for contract performance and financial management would apply.

Related Government Programs

Parking Lots and Garages
Department of the Treasury Contracting
United States Mint Programs

Risk Flags

Contract duration is substantial.
Limited detail on specific services provided.
No explicit mention of small business participation.
Potential for market price fluctuations over contract term.

Frequently Asked Questions

What is this federal contract paying for?

Department of the Treasury awarded $3.5 million to PHILADELPHIA PARKING AUTHORITY. PROVIDE USM-PH EMPLOYEE&MINT POLICE PARKING

Who is the contractor on this award?

The obligated recipient is PHILADELPHIA PARKING AUTHORITY.

Which agency awarded this contract?

Awarding agency: Department of the Treasury (United States Mint).

What is the total obligated amount?

The obligated amount is $3.5 million.

What is the period of performance?

Start: 2020-11-16. End: 2026-04-30.

What specific services are included in the "EMPLOYEE&MINT POLICE PARKING"?

The provided data is limited and does not detail the specific services included. It likely encompasses access, security, and maintenance of parking facilities for US Mint employees and police personnel in Philadelphia. A review of the contract's statement of work would clarify the exact deliverables.

Are there any identified risks associated with the long duration of this contract?

A contract duration of nearly 2,000 days (approximately 5.5 years) can present risks such as potential obsolescence of services, changes in market pricing, or vendor performance degradation over time. However, the firm fixed price structure mitigates some financial risk for the government.

How does the firm fixed price impact the overall value for the taxpayer?

A firm fixed price contract provides cost certainty for the taxpayer, as the price is set regardless of the contractor's actual costs. This structure is beneficial when requirements are well-defined and risks are manageable, potentially leading to better value by incentivizing contractor efficiency.

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: FULL AND OPEN COMPETITION

Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE

Offers Received: 1

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 701 MARKET ST STE 5400, PHILADELPHIA, PA, 19106

Business Categories: U.S. Government Authorities, Category Business, Government, U.S. National Government, Not Designated a Small Business, U.S. Regional/State Government

Financial Breakdown

Contract Ceiling: $3,525,810

Exercised Options: $3,525,810

Current Obligation: $3,525,810

Actual Outlays: $3,417,810

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Cost or Pricing Data: NO

Timeline