VA Awards $1.9M Contract for Parking Garage Shoring to Paramount Construction Group

Contract Overview

Contract Amount: $1,921,039 ($1.9M)

Contractor: Paramount Construction Group, LLC

Awarding Agency: Department of Veterans Affairs

Start Date: 2025-09-12

End Date: 2026-05-22

Contract Duration: 252 days

Daily Burn Rate: $7.6K/day

Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES

Number of Offers Received: 3

Pricing Type: FIRM FIXED PRICE

Sector: Construction

Official Description: PROJECT #629-25-100 - TEMPORARY SHORING & SAFETY MEASURES FOR THE PARKING GARAGES (D/B)

Place of Performance

Location: NEW ORLEANS, ORLEANS County, LOUISIANA, 70119

State: Louisiana Government Spending

Plain-Language Summary

Department of Veterans Affairs obligated $1.9 million to PARAMOUNT CONSTRUCTION GROUP, LLC for work described as: PROJECT #629-25-100 - TEMPORARY SHORING & SAFETY MEASURES FOR THE PARKING GARAGES (D/B) Key points: 1. The Department of Veterans Affairs (VA) awarded a $1.92 million contract for temporary shoring and safety measures for parking garages. 2. Paramount Construction Group, LLC, secured the contract, which was awarded under full and open competition after exclusion of sources. 3. The contract aims to address safety concerns and ensure the structural integrity of parking facilities. 4. The project falls within the Commercial and Institutional Building Construction sector.

Value Assessment

Rating: good

The contract value of $1.92 million appears reasonable for specialized construction services like temporary shoring. Benchmarking against similar projects would provide a more definitive assessment, but the scope suggests a fair price for ensuring safety and structural integrity.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded using full and open competition after exclusion of sources, indicating a competitive bidding process. This method generally promotes price discovery and ensures the government receives competitive pricing.

Taxpayer Impact: Taxpayer funds are being used to ensure the safety and longevity of critical infrastructure, preventing potentially larger costs associated with structural failure.

Public Impact

Ensures the safety of veterans and staff using the parking garages. Protects valuable government assets by preventing structural damage. Supports the operational continuity of facilities managed by the VA. Contributes to the local construction economy through the awarded contract.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Potential for scope creep if unforeseen structural issues are discovered.
Dependence on a single contractor for critical safety measures.

Positive Signals

Clear contract objective focused on safety and structural integrity.
Competitive bidding process likely secured a fair price.
Defined contract duration with specific deliverables.

Sector Analysis

This contract falls under Commercial and Institutional Building Construction, a broad sector encompassing various building projects. The spending benchmark for similar shoring and safety projects can vary significantly based on project complexity and location.

Small Business Impact

The contract was awarded to Paramount Construction Group, LLC. There is no indication in the provided data whether this is a small business or if small business subcontracting was a requirement or achievement.

Oversight & Accountability

The Department of Veterans Affairs is responsible for overseeing this contract. Standard oversight procedures for construction projects, including site inspections and progress monitoring, should be in place to ensure quality and adherence to safety standards.

Related Government Programs

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

Risk Flags

Potential for unforeseen structural issues leading to cost overruns.
Reliance on a single contractor for critical safety infrastructure.
Lack of clarity on long-term structural remediation plans.
Ambiguity regarding the 'exclusion of sources' criteria.

Frequently Asked Questions

What is this federal contract paying for?

Department of Veterans Affairs awarded $1.9 million to PARAMOUNT CONSTRUCTION GROUP, LLC. PROJECT #629-25-100 - TEMPORARY SHORING & SAFETY MEASURES FOR THE PARKING GARAGES (D/B)

Who is the contractor on this award?

The obligated recipient is PARAMOUNT CONSTRUCTION GROUP, 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 $1.9 million.

What is the period of performance?

Start: 2025-09-12. End: 2026-05-22.

What specific structural issues necessitate temporary shoring, and what is the long-term plan for the parking garages?

The data indicates the need for 'temporary shoring & safety measures,' suggesting existing structural deficiencies or potential risks. A comprehensive assessment of the garages' condition and a long-term repair or replacement plan are crucial to understand the full scope of the VA's commitment and to ensure this contract is part of a sustainable solution, rather than a temporary fix for a larger, unaddressed problem.

How was the 'exclusion of sources' in the full and open competition determined, and did it limit potential competition?

The phrase 'full and open competition after exclusion of sources' implies that while the competition was generally open, certain sources were excluded based on specific criteria, possibly related to specialized expertise, past performance, or security requirements. Understanding the justification for these exclusions is important to assess if the competition was truly as broad as possible and if any potentially competitive firms were unfairly barred.

What are the key performance indicators (KPIs) for this contract, and how will their successful achievement be measured?

Effective oversight requires clearly defined KPIs related to the shoring's stability, safety compliance, and timely completion. Measuring the successful achievement of these KPIs ensures the contractor meets the contract's objectives. Without specific KPIs, assessing the true value and effectiveness of the $1.92 million expenditure becomes challenging, potentially leading to suboptimal outcomes or unaddressed risks.

Industry Classification

NAICS: Construction › Nonresidential Building Construction › Commercial and Institutional Building Construction

Product/Service Code: MAINT, REPAIR, ALTER REAL PROPERTY › MAINT, ALTER, REPAIR BUILDINGS

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES

Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE

Solicitation ID: 36C25625R0084

Offers Received: 3

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 2301 HIGHWAY 51 BLDG 100, MADISON, MS, 39110

Business Categories: Category Business, Limited Liability Corporation, Service Disabled Veteran Owned Business, Small Business, Sole Proprietorship, Special Designations, U.S.-Owned Business, Veteran Owned Business

Financial Breakdown

Contract Ceiling: $1,921,039

Exercised Options: $1,921,039

Current Obligation: $1,921,039

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED

Cost or Pricing Data: NO

Timeline