VA Awards $14.46M Lab Expansion Contract to Industrial Maintenance Services Inc
Contract Overview
Contract Amount: $14,459,061 ($14.5M)
Contractor: Industrial Maintenance Services Inc
Awarding Agency: Department of Veterans Affairs
Start Date: 2020-02-03
End Date: 2025-11-30
Contract Duration: 2,127 days
Daily Burn Rate: $6.8K/day
Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Number of Offers Received: 1
Pricing Type: FIRM FIXED PRICE
Sector: Construction
Official Description: CONSTRUCT NEW CLINICAL LAB EXPANSION RICHMOND
Place of Performance
Location: RICHMOND, RICHMOND CITY County, VIRGINIA, 23249
State: Virginia Government Spending
Plain-Language Summary
Department of Veterans Affairs obligated $14.5 million to INDUSTRIAL MAINTENANCE SERVICES INC for work described as: CONSTRUCT NEW CLINICAL LAB EXPANSION RICHMOND Key points: 1. Contract awarded for a clinical lab expansion in Richmond. 2. Industrial Maintenance Services Inc. is the primary contractor. 3. The contract value is $14.46 million. 4. The project duration is 2127 days. 5. The contract type is Firm Fixed Price.
Value Assessment
Rating: good
The contract value of $14.46 million for a clinical lab expansion appears reasonable given the project scope and duration. Benchmarking against similar construction projects of this scale would provide a more precise assessment.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition after exclusion of sources, indicating a competitive bidding process. This method generally promotes price discovery and ensures fair market value.
Taxpayer Impact: The competitive award process aims to ensure taxpayer funds are used efficiently for this critical facility expansion.
Public Impact
Improved healthcare infrastructure for veterans in Richmond. Potential for job creation during the construction phase. Enhanced clinical research and diagnostic capabilities.
Waste & Efficiency Indicators
Waste Risk Score: 70 / 10
Warning Flags
- Potential for cost overruns in large construction projects.
- Delays in project completion impacting service availability.
Positive Signals
- Awarded through full and open competition.
- Firm Fixed Price contract limits cost uncertainty.
- Long-term investment in veteran healthcare facilities.
Sector Analysis
This contract falls within the Construction sector, specifically Commercial and Institutional Building Construction. Spending benchmarks for similar VA facility expansions would be relevant for a detailed analysis.
Small Business Impact
The data does not indicate any specific provisions or awards made to small businesses for this contract. Further analysis would be needed to determine small business participation.
Oversight & Accountability
The Department of Veterans Affairs is responsible for overseeing this contract. Standard procurement regulations and oversight mechanisms should be in place to ensure compliance and performance.
Related Government Programs
- Commercial and Institutional Building Construction
- Department of Veterans Affairs Contracting
- Department of Veterans Affairs Programs
Risk Flags
- Potential for construction delays.
- Risk of unforeseen site conditions.
- Dependence on contractor's performance.
- Long project duration increases exposure to market fluctuations.
Tags
commercial-and-institutional-building-co, department-of-veterans-affairs, va, definitive-contract, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Veterans Affairs awarded $14.5 million to INDUSTRIAL MAINTENANCE SERVICES INC. CONSTRUCT NEW CLINICAL LAB EXPANSION RICHMOND
Who is the contractor on this award?
The obligated recipient is INDUSTRIAL MAINTENANCE SERVICES 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 $14.5 million.
What is the period of performance?
Start: 2020-02-03. End: 2025-11-30.
What is the projected impact of this expansion on veteran healthcare services in the Richmond area?
The expansion is expected to significantly enhance the capacity and capabilities of the clinical laboratory at the Richmond VA facility. This will likely lead to faster test results, improved diagnostic accuracy, and the ability to offer a wider range of specialized tests, ultimately benefiting veteran healthcare services by providing more efficient and comprehensive diagnostic support.
What are the primary risks associated with the construction timeline and potential delays?
Key risks include unforeseen site conditions, weather disruptions, material shortages, and labor availability issues, all of which can lead to project delays. Delays could impact the timely delivery of expanded clinical services to veterans and potentially increase overall project costs if not managed proactively through robust project management and contingency planning.
How does the firm fixed price contract structure benefit the government in this scenario?
The Firm Fixed Price (FFP) contract structure benefits the government by shifting most of the risk for cost overruns to the contractor, Industrial Maintenance Services Inc. This provides greater cost certainty for the VA, as the final price is established upfront, protecting taxpayer funds from unexpected increases in labor or material costs during the project's execution.
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 AFTER EXCLUSION OF SOURCES
Solicitation Procedures: SEALED BID
Solicitation ID: 36C24619B0039
Offers Received: 1
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 1920 20TH AVE N, ESCANABA, MI, 49829
Business Categories: American Indian Owned Business, Category Business, Corporate Entity Not Tax Exempt, Minority Owned Business, Native American Owned Business, Service Disabled Veteran Owned Business, Small Business, Special Designations, Subchapter S Corporation, U.S.-Owned Business, Veteran Owned Business
Financial Breakdown
Contract Ceiling: $14,459,061
Exercised Options: $14,459,061
Current Obligation: $14,459,061
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: NO
Timeline
Start Date: 2020-02-03
Current End Date: 2025-11-30
Potential End Date: 2025-11-30 00:00:00
Last Modified: 2025-10-03
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