VA Awards $10.15M Contract for 3rd Floor Cowboy Area Renovation to Richard Group LLC
Contract Overview
Contract Amount: $10,153,266 ($10.2M)
Contractor: Richard Group LLC
Awarding Agency: Department of Veterans Affairs
Start Date: 2024-08-01
End Date: 2026-10-23
Contract Duration: 813 days
Daily Burn Rate: $12.5K/day
Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Number of Offers Received: 2
Pricing Type: FIRM FIXED PRICE
Sector: Construction
Official Description: 442-24-014 DB RENOVATE 3RD FLOOR COWBOY AND OTHER AREAS
Place of Performance
Location: CHEYENNE, LARAMIE County, WYOMING, 82001
State: Wyoming Government Spending
Plain-Language Summary
Department of Veterans Affairs obligated $10.2 million to RICHARD GROUP LLC for work described as: 442-24-014 DB RENOVATE 3RD FLOOR COWBOY AND OTHER AREAS Key points: 1. Contract awarded for building construction services. 2. The contract is a firm-fixed-price definitive contract. 3. The project duration is 813 days. 4. The awardee is Richard Group LLC. 5. The agency is the Department of Veterans Affairs.
Value Assessment
Rating: fair
The contract value of $10.15 million for a building renovation appears within a reasonable range for commercial and institutional construction projects of this scope. However, without specific details on the square footage or complexity of the renovation, a precise benchmark is difficult.
Cost Per Unit: N/A
Competition Analysis
Competition Level: limited
The contract was awarded under 'FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES,' indicating a limited competition. This method may not have resulted in the most competitive pricing possible, as fewer bidders were involved.
Taxpayer Impact: The use of limited competition could potentially lead to higher costs for taxpayers compared to full and open competition.
Public Impact
Veterans in Wyoming will benefit from improved facilities. The renovation project supports the Department of Veterans Affairs' mission. Local construction jobs may be created or sustained by this contract.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Limited competition may impact price.
- No small business participation noted.
Positive Signals
- Firm-fixed-price contract provides cost certainty.
- Clear project duration specified.
Sector Analysis
This contract falls under the Commercial and Institutional Building Construction sector. Spending in this sector can vary widely based on project size, location, and specific construction needs. Benchmarks are highly project-dependent.
Small Business Impact
The data indicates that small business participation was not a factor in this award, as the 'sb' field is false. This suggests that the prime contractor is likely not a small business, and there's no explicit mention of subcontracting goals for small businesses.
Oversight & Accountability
The Department of Veterans Affairs is responsible for overseeing this contract. Accountability will be maintained through contract performance monitoring, payment verification, and adherence to the terms and conditions of the firm-fixed-price agreement.
Related Government Programs
- Commercial and Institutional Building Construction
- Department of Veterans Affairs Contracting
- Department of Veterans Affairs Programs
Risk Flags
- Potential for higher costs due to limited competition.
- Lack of explicit small business participation.
- Justification for source exclusion needs review.
- Contract duration is substantial.
Tags
commercial-and-institutional-building-co, department-of-veterans-affairs, wy, definitive-contract, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Veterans Affairs awarded $10.2 million to RICHARD GROUP LLC. 442-24-014 DB RENOVATE 3RD FLOOR COWBOY AND OTHER AREAS
Who is the contractor on this award?
The obligated recipient is RICHARD 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 $10.2 million.
What is the period of performance?
Start: 2024-08-01. End: 2026-10-23.
What specific factors led to the exclusion of sources in this full and open competition?
The exclusion of sources in a 'full and open competition after exclusion of sources' typically occurs when specific technical capabilities, past performance, or unique requirements are necessary, and only a limited number of contractors can meet them. The agency must justify why other potential sources were excluded to ensure fairness and prevent undue restrictions on competition.
What is the potential impact of the limited competition on the final cost to taxpayers?
Limited competition generally poses a risk of higher costs to taxpayers compared to full and open competition. When fewer bidders are involved, the incentive to offer the lowest possible price is reduced. The agency's negotiation and oversight are crucial to mitigate this risk and ensure a fair price, but the inherent nature of limited competition suggests a potential for increased expenditure.
How will the effectiveness of the renovation be measured to ensure it meets VA needs?
The effectiveness of the renovation will be measured against the contract's performance work statement (PWS) and specifications. The VA will likely conduct inspections during and after construction to ensure the work meets quality standards, functional requirements, and safety regulations. Acceptance of the final product, based on these assessments, will determine the project's effectiveness in meeting the agency's needs.
Industry Classification
NAICS: Construction › Nonresidential Building Construction › Commercial and Institutional Building Construction
Product/Service Code: MAINT, REPAIR, ALTER REAL PROPERTY › MAINT, ALTER, REPAIR NONBUILDINGS
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Solicitation ID: 36C25924R0019
Offers Received: 2
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 566 W LAKE STREET, CHICAGO, IL, 60661
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: $10,153,266
Exercised Options: $10,153,266
Current Obligation: $10,153,266
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: NO
Timeline
Start Date: 2024-08-01
Current End Date: 2026-10-23
Potential End Date: 2026-10-23 00:00:00
Last Modified: 2025-12-01
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