VA Awards $569K for Parking Services in DC, Competed Under SAP

Contract Overview

Contract Amount: $569,612 ($569.6K)

Contractor: Colonial Parking, Inc

Awarding Agency: Department of Veterans Affairs

Start Date: 2024-03-01

End Date: 2027-02-28

Contract Duration: 1,094 days

Daily Burn Rate: $521/day

Competition Type: COMPETED UNDER SAP

Number of Offers Received: 6

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: VACO PARKING SPACES

Place of Performance

Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20007

State: District of Columbia Government Spending

Plain-Language Summary

Department of Veterans Affairs obligated $569,611.56 to COLONIAL PARKING, INC for work described as: VACO PARKING SPACES Key points: 1. Contract awarded to Colonial Parking, Inc. for parking services. 2. The contract value is $569,611.56 over approximately 3 years. 3. Procurement was competed under Simplified Acquisition Procedures (SAP). 4. The service category is Parking Lots and Garages. 5. The contract is Firm Fixed Price.

Value Assessment

Rating: fair

The contract value of $569,611.56 for parking services appears reasonable given the duration and location. Benchmarking against similar contracts for parking management in major metropolitan areas would provide a clearer picture of value.

Cost Per Unit: N/A

Competition Analysis

Competition Level: limited

The contract was competed under Simplified Acquisition Procedures (SAP), suggesting a limited number of bidders participated. While SAP aims for efficiency, it may not always yield the most competitive pricing compared to full and open competition.

Taxpayer Impact: The taxpayer impact is moderate, with funds allocated for essential parking services. The use of SAP suggests an effort to streamline procurement, but the ultimate cost-effectiveness depends on the pricing achieved through the limited competition.

Public Impact

Ensures parking availability for VA personnel and visitors. Supports the operational needs of the Department of Veterans Affairs. Contributes to local economic activity through service provision.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Limited competition due to SAP.
Potential for price increases in future contract renewals.

Positive Signals

Essential service provision.
Fixed price contract provides cost certainty.

Sector Analysis

This contract falls under the 'Other' sector, specifically related to facilities management and services. Spending benchmarks for parking services can vary significantly based on location, size, and amenities provided.

Small Business Impact

There is no indication that small businesses were involved in this specific contract award. Future solicitations could explore opportunities for small business participation in parking services.

Oversight & Accountability

The contract is a Purchase Order, which is a standard method for acquiring goods and services. Oversight would involve monitoring service delivery and adherence to contract terms by the VA.

Related Government Programs

Parking Lots and Garages
Department of Veterans Affairs Contracting
Department of Veterans Affairs Programs

Risk Flags

Limited competition.
Potential for price escalation in future renewals.
Lack of detailed service scope for value assessment.

Frequently Asked Questions

What is this federal contract paying for?

Department of Veterans Affairs awarded $569,611.56 to COLONIAL PARKING, INC. VACO PARKING SPACES

Who is the contractor on this award?

The obligated recipient is COLONIAL PARKING, INC.

Which agency awarded this contract?

Awarding agency: Department of Veterans Affairs (Department of Veterans Affairs).

What is the total obligated amount?

The obligated amount is $569,611.56.

What is the period of performance?

Start: 2024-03-01. End: 2027-02-28.

What is the specific scope of services included in these parking spaces, and how does it compare to market rates for similar facilities in Washington D.C.?

The provided data does not detail the specific services included beyond 'parking spaces.' A comprehensive analysis would require understanding if services include security, maintenance, valet, or other amenities. Comparing these to market rates for comparable parking facilities in Washington D.C. is crucial for assessing value for money. Without this detail, it's difficult to definitively state if the $569,611.56 is competitive.

Given the use of Simplified Acquisition Procedures (SAP), what was the rationale for not pursuing full and open competition, and what are the potential risks to price competitiveness?

SAP is typically used for acquisitions below certain thresholds to promote efficiency and speed. The rationale might be that the estimated value fell within SAP limits or that the specific nature of the requirement favored a streamlined process. However, the primary risk to price competitiveness is the reduced pool of potential bidders, which could lead to higher prices than might be achieved through broader market outreach and a more extensive competitive process.

How effectively does this contract ensure consistent and reliable parking access for VA operations, and what are the contingency plans if Colonial Parking, Inc. fails to meet its obligations?

The contract's effectiveness in ensuring consistent access relies on the performance of Colonial Parking, Inc. and the VA's contract management. A firm fixed-price structure incentivizes the contractor to maintain service. Contingency plans are critical and would typically involve clauses for default, termination for convenience, and potentially the VA's ability to procure services from alternative sources if the incumbent fails to perform.

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: COMPETED UNDER SAP

Solicitation Procedures: SIMPLIFIED ACQUISITION

Solicitation ID: 36C10X24Q0077

Offers Received: 6

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Parent Company: Forge Company

Address: 1050 THOMAS JEFFERSON ST NW STE 100, WASHINGTON, DC, 20007

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $975,637

Exercised Options: $569,612

Current Obligation: $569,612

Actual Outlays: $339,365

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Timeline