VA awards $91.4M for LSMS TRIPLE QUAD, Agilent Technologies Inc. wins contract

Contract Overview

Contract Amount: $91,367 ($91.4K)

Contractor: Agilent Technologies Inc

Awarding Agency: Department of Veterans Affairs

Start Date: 2024-07-01

End Date: 2027-06-30

Contract Duration: 1,094 days

Daily Burn Rate: $84/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 1

Pricing Type: FIRM FIXED PRICE

Sector: Healthcare

Official Description: LSMS TRIPLE QUAD

Place of Performance

Location: SEVEN HILLS, CUYAHOGA County, OHIO, 44131

State: Ohio Government Spending

Plain-Language Summary

Department of Veterans Affairs obligated $91,366.56 to AGILENT TECHNOLOGIES INC for work described as: LSMS TRIPLE QUAD Key points: 1. Contract awarded to Agilent Technologies Inc. for analytical laboratory instruments. 2. Significant award value of $91.4 million over a 3-year period. 3. Competition method is 'FULL AND OPEN COMPETITION', suggesting market availability. 4. Sector is Analytical Laboratory Instrument Manufacturing, crucial for healthcare and research.

Value Assessment

Rating: good

The award value of $91.4M for a 3-year contract appears reasonable given the specialized nature of analytical laboratory instruments. Benchmarking against similar complex instrumentation 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, indicating that multiple vendors had the opportunity to bid. This method generally promotes competitive pricing and ensures the government receives fair market value.

Taxpayer Impact: The use of full and open competition is expected to result in a taxpayer-favorable price by leveraging market forces.

Public Impact

Supports critical laboratory functions within the Department of Veterans Affairs. Ensures access to advanced analytical instrumentation for medical testing and research. Potential impact on patient care through timely and accurate diagnostic results.

Waste & Efficiency Indicators

Waste Risk Score: 84 / 10

Positive Signals

Sector Analysis

The Analytical Laboratory Instrument Manufacturing sector is highly specialized, with significant R&D investment. Spending in this area supports advancements in medical diagnostics, scientific research, and quality control across various industries.

Small Business Impact

The data does not indicate any specific set-asides for small businesses. Further analysis would be needed to determine if small businesses were excluded or had an opportunity to participate in this procurement.

Oversight & Accountability

The Department of Veterans Affairs is responsible for oversight of this contract. Standard procurement regulations and contract management practices should ensure accountability and performance.

Related Government Programs

Risk Flags

Tags

analytical-laboratory-instrument-manufac, department-of-veterans-affairs, oh, delivery-order, under-100k

Frequently Asked Questions

What is this federal contract paying for?

Department of Veterans Affairs awarded $91,366.56 to AGILENT TECHNOLOGIES INC. LSMS TRIPLE QUAD

Who is the contractor on this award?

The obligated recipient is AGILENT TECHNOLOGIES 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 $91,366.56.

What is the period of performance?

Start: 2024-07-01. End: 2027-06-30.

What is the specific function of the LSMS TRIPLE QUAD and how does it contribute to VA healthcare?

The LSMS TRIPLE QUAD is an analytical laboratory instrument. While specific details are not provided, such instruments are typically used for precise measurement and analysis of biological, chemical, or physical samples. Within the VA, it likely supports diagnostic testing, medical research, or quality control of medical supplies, ultimately contributing to patient care and health outcomes.

Are there any potential risks associated with relying on a single vendor for this type of specialized equipment?

While awarded under full and open competition, the specific awardee is Agilent Technologies Inc. Risks could include vendor lock-in for future maintenance, upgrades, or consumables, potentially leading to higher long-term costs. Dependence on a single source for critical equipment may also pose supply chain risks if the vendor experiences production or delivery issues.

How does the firm fixed price contract structure benefit the VA and taxpayers?

A firm fixed price (FFP) contract structure benefits the VA and taxpayers by establishing a ceiling on the total cost of the contract. This shifts the risk of cost overruns from the government to the contractor. It provides budget certainty and predictability, making it easier for the VA to manage its finances and ensuring that the final price paid does not exceed the agreed-upon amount.

Industry Classification

NAICS: ManufacturingNavigational, Measuring, Electromedical, and Control Instruments ManufacturingAnalytical Laboratory Instrument Manufacturing

Product/Service Code: MAINT, REPAIR, REBUILD EQUIPMENTMAINT, REPAIR, REBUILD OF EQUIPMENT

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Offers Received: 1

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Parent Company: Agilent Technologies, Inc.

Address: 2850 CENTERVILLE RD, WILMINGTON, DE, 19808

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

Financial Breakdown

Contract Ceiling: $182,733

Exercised Options: $91,367

Current Obligation: $91,367

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: GS07F0564X

IDV Type: FSS

Timeline

Start Date: 2024-07-01

Current End Date: 2027-06-30

Potential End Date: 2028-06-30 00:00:00

Last Modified: 2026-04-08

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