Smithsonian Institution Awards $14.3M Contract for VET Hospital Renovation to Coakley & Williams Construction
Contract Overview
Contract Amount: $14,287,671 ($14.3M)
Contractor: Coakley & Williams Construction, LLC.
Awarding Agency: Smithsonian Institution
Start Date: 2025-09-23
End Date: 2027-09-23
Contract Duration: 730 days
Daily Burn Rate: $19.6K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 5
Pricing Type: FIRM FIXED PRICE
Sector: Construction
Official Description: RENEW VET HOSPITAL
Place of Performance
Location: FRONT ROYAL, WARREN County, VIRGINIA, 22630
State: Virginia Government Spending
Plain-Language Summary
Smithsonian Institution obligated $14.3 million to COAKLEY & WILLIAMS CONSTRUCTION, LLC. for work described as: RENEW VET HOSPITAL Key points: 1. Contract awarded for a significant renovation project valued at $14.3 million. 2. Full and open competition was utilized, suggesting a potentially competitive bidding process. 3. The contract duration is 730 days, indicating a substantial project timeline. 4. The project falls under the Commercial and Institutional Building Construction sector.
Value Assessment
Rating: fair
The contract value of $14.3 million for a 2-year renovation project appears reasonable within the context of commercial construction. Benchmarking against similar institutional building projects would provide a clearer assessment of its value.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The use of full and open competition is a positive indicator for price discovery. This method allows all qualified contractors to bid, theoretically driving down costs through market forces.
Taxpayer Impact: The competitive bidding process aims to ensure taxpayer funds are used efficiently for this renovation project.
Public Impact
Veterans will benefit from improved hospital facilities. Local construction jobs may be created during the renovation period. The Smithsonian Institution will see an upgrade to its infrastructure.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Potential for cost overruns in large-scale construction projects.
- Delays in project completion could impact facility availability.
- Ensuring compliance with all building codes and regulations.
Positive Signals
- Clear contract award with a defined end date.
- Utilized a competitive bidding process.
- Project addresses a critical need for facility improvement.
Sector Analysis
This contract falls within the Commercial and Institutional Building Construction sector. Spending in this sector can vary widely based on economic conditions and government infrastructure needs. Benchmarks for similar renovation projects are essential for a precise assessment.
Small Business Impact
The data does not indicate whether small businesses were involved as subcontractors or prime contractors in this full and open competition. Further analysis would be needed to determine small business participation.
Oversight & Accountability
The Smithsonian Institution is responsible for overseeing this contract. Robust oversight mechanisms are crucial to ensure the project stays on schedule, within budget, and meets quality standards.
Related Government Programs
- Commercial and Institutional Building Construction
- Smithsonian Institution Contracting
- Smithsonian Institution Programs
Risk Flags
- Potential for scope creep during a long-duration project.
- Dependency on external factors like material availability and labor.
- Ensuring adequate quality control throughout the construction process.
- Risk of budget overruns if unforeseen issues arise.
Tags
commercial-and-institutional-building-co, smithsonian-institution, va, definitive-contract, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Smithsonian Institution awarded $14.3 million to COAKLEY & WILLIAMS CONSTRUCTION, LLC.. RENEW VET HOSPITAL
Who is the contractor on this award?
The obligated recipient is COAKLEY & WILLIAMS CONSTRUCTION, LLC..
Which agency awarded this contract?
Awarding agency: Smithsonian Institution (Smithsonian Institution).
What is the total obligated amount?
The obligated amount is $14.3 million.
What is the period of performance?
Start: 2025-09-23. End: 2027-09-23.
What is the estimated cost per square foot for this renovation, and how does it compare to industry averages for similar institutional projects?
Without specific square footage data, a precise per-square-foot cost cannot be calculated. However, the total contract value of $14.3 million for a 730-day renovation suggests a significant undertaking. Comparing this to industry benchmarks for institutional building renovations, considering factors like scope of work and location, would be necessary to assess cost-effectiveness.
What are the specific risks associated with the 730-day duration, and what mitigation strategies are in place?
A two-year duration presents risks such as material price fluctuations, potential labor shortages, and unforeseen site conditions. Mitigation strategies likely include contingency planning, fixed-price elements where possible, and strong project management to address issues proactively. The Smithsonian's oversight will be critical in managing these risks.
How will the success of this renovation be measured, and what are the key performance indicators (KPIs) for the contractor?
Success will likely be measured by project completion within the defined timeline and budget, adherence to quality standards, and meeting the functional requirements of the renovated hospital space. Key performance indicators for the contractor would typically include on-time milestones, defect-free work, and compliance with all contract specifications.
Industry Classification
NAICS: Construction › Nonresidential Building Construction › Commercial and Institutional Building Construction
Product/Service Code: CONSTRUCT OF STRUCTURES/FACILITIES › CONSTRUCTION OF BUILDINGS
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SEALED BID
Offers Received: 5
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 4500 EAST WEST HWY STE 500, BETHESDA, MD, 20814
Business Categories: Category Business, Partnership or Limited Liability Partnership, Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $14,287,671
Exercised Options: $14,287,671
Current Obligation: $14,287,671
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Cost or Pricing Data: NO
Timeline
Start Date: 2025-09-23
Current End Date: 2027-09-23
Potential End Date: 2027-09-23 00:00:00
Last Modified: 2026-03-18
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