VA Awards $8.4M for Building Construction to Blue Cord Design and Construction in Florida

Contract Overview

Contract Amount: $8,442,784 ($8.4M)

Contractor: Blue Cord Design and Construction, LLC

Awarding Agency: Department of Veterans Affairs

Start Date: 2025-06-27

End Date: 2026-09-05

Contract Duration: 435 days

Daily Burn Rate: $19.4K/day

Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES

Number of Offers Received: 11

Pricing Type: FIRM FIXED PRICE

Sector: Construction

Official Description: RENOVATE 5 WEST

Place of Performance

Location: TAMPA, HILLSBOROUGH County, FLORIDA, 33612

State: Florida Government Spending

Plain-Language Summary

Department of Veterans Affairs obligated $8.4 million to BLUE CORD DESIGN AND CONSTRUCTION, LLC for work described as: RENOVATE 5 WEST Key points: 1. Contract awarded to Blue Cord Design and Construction, LLC for $8.44 million. 2. Project involves commercial and institutional building construction. 3. Competition method was 'Full and Open Competition After Exclusion of Sources'. 4. Contract type is Firm Fixed Price with a duration of 435 days. 5. The award is for work in Florida.

Value Assessment

Rating: good

The contract value of $8.44 million appears reasonable for a large-scale renovation project of this nature. Benchmarking against similar VA construction contracts 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 process. This method aims to ensure fair pricing and access for qualified contractors.

Taxpayer Impact: Taxpayer funds are being used for essential facility renovation, with the competitive bidding process intended to secure value for money.

Public Impact

Veterans in Florida will benefit from improved facilities. Local economy potentially boosted by construction jobs and services. Ensures the Department of Veterans Affairs maintains functional infrastructure.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Potential for cost overruns if unforeseen issues arise during construction.
Dependence on a single contractor for project completion.

Positive Signals

Firm Fixed Price contract helps control costs.
Competitive bidding process should ensure fair market value.

Sector Analysis

This contract falls within the Commercial and Institutional Building Construction sector. Spending in this sector is crucial for maintaining government infrastructure and facilities, with typical contract values varying widely based on project scope and complexity.

Small Business Impact

The data does not indicate if small businesses were involved as prime contractors or subcontractors. Further analysis would be needed to determine the extent of small business participation.

Oversight & Accountability

The Department of Veterans Affairs is responsible for overseeing this contract to ensure timely completion, quality of work, and adherence to the contract terms.

Related Government Programs

Commercial and Institutional Building Construction
Department of Veterans Affairs Contracting
Department of Veterans Affairs Programs

Risk Flags

Contract duration is substantial, increasing exposure to market fluctuations.
Potential for unforeseen site conditions in existing structures.
Reliance on a single entity for project delivery.
Specific details on the exclusion of sources are not provided.

Frequently Asked Questions

What is this federal contract paying for?

Department of Veterans Affairs awarded $8.4 million to BLUE CORD DESIGN AND CONSTRUCTION, LLC. RENOVATE 5 WEST

Who is the contractor on this award?

The obligated recipient is BLUE CORD DESIGN AND CONSTRUCTION, LLC.

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 $8.4 million.

What is the period of performance?

Start: 2025-06-27. End: 2026-09-05.

What is the specific scope of the 'RENOVATE 5 WEST' project and what are the key performance indicators for success?

The specific scope of 'RENOVATE 5 WEST' is not detailed in the provided data. However, as a commercial and institutional building construction project, it likely involves upgrades, repairs, or modernization of existing VA facilities. Key performance indicators would typically include adherence to schedule, budget, quality standards, safety regulations, and functional requirements post-renovation, ensuring the facility meets its intended operational needs.

What are the primary risks associated with this firm-fixed-price construction contract, and how are they mitigated?

The primary risks with a firm-fixed-price construction contract include potential cost overruns for the contractor if unforeseen site conditions or scope creep occur, leading to potential disputes or quality compromises. Mitigation strategies often involve thorough pre-bid site investigations, clearly defined contract scope, robust change order management processes, and performance bonds to ensure project completion even if the contractor defaults.

How does the awarded price compare to industry benchmarks for similar renovation projects of this scale?

Without specific details on the project's scope (e.g., square footage, type of renovation, specific systems involved), a precise comparison to industry benchmarks is challenging. However, the $8.44 million award for a 435-day project in Florida suggests a significant undertaking. Benchmarking would require analyzing cost per square foot, cost per trade, and other relevant metrics from comparable government or commercial renovation projects in the region.

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: NEGOTIATED PROPOSAL/QUOTE

Solicitation ID: 36C24824R0177

Offers Received: 11

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 835 BENNETT RD STE 100, ORLANDO, FL, 32803

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Limited Liability Corporation, Service Disabled Veteran Owned Business, Small Business, Special Designations, U.S.-Owned Business, Veteran Owned Business

Financial Breakdown

Contract Ceiling: $16,886,494

Exercised Options: $8,703,710

Current Obligation: $8,442,784

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED

Cost or Pricing Data: NO

Timeline