VA awards $12.46M contract to Greenstone Construction for patient ward renovation in Minnesota

Contract Overview

Contract Amount: $12,456,175 ($12.5M)

Contractor: Greenstone Construction, Inc.

Awarding Agency: Department of Veterans Affairs

Start Date: 2023-12-25

End Date: 2026-09-22

Contract Duration: 1,002 days

Daily Burn Rate: $12.4K/day

Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES

Number of Offers Received: 4

Pricing Type: FIRM FIXED PRICE

Sector: Construction

Official Description: 618-22-102 RENOVATE FOR A PRIVATE PATIENT BED WARD (3D) - PROVIDE A LABOR AND MATERIALS TO COMPLETE WORK PER CONTRACT DOCUMENTS.

Place of Performance

Location: MINNEAPOLIS, HENNEPIN County, MINNESOTA, 55417

State: Minnesota Government Spending

Plain-Language Summary

Department of Veterans Affairs obligated $12.5 million to GREENSTONE CONSTRUCTION, INC. for work described as: 618-22-102 RENOVATE FOR A PRIVATE PATIENT BED WARD (3D) - PROVIDE A LABOR AND MATERIALS TO COMPLETE WORK PER CONTRACT DOCUMENTS. Key points: 1. The contract focuses on labor and materials for a private patient bed ward renovation. 2. Greenstone Construction, Inc. secured the award. 3. The Department of Veterans Affairs is the awarding agency. 4. The project is located in Minnesota and has a duration of 1002 days.

Value Assessment

Rating: fair

The contract value of $12.46 million for a building renovation appears within a reasonable range for a project of this scope and duration. However, without specific benchmarks for similar patient ward renovations, a precise per-unit cost comparison 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'. This suggests that while competition was sought, certain sources were excluded, potentially limiting the breadth of price discovery and the number of competitive bids received.

Taxpayer Impact: Taxpayer funds are being used for this renovation, and the effectiveness of the competition method will influence the overall value for money achieved.

Public Impact

Improved patient facilities at the VA hospital. Potential for job creation through construction activities. Impact on local economy in Minnesota. Ensuring quality and timely completion of the renovation.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Positive Signals

Sector Analysis

This contract falls within the Commercial and Institutional Building Construction sector. Spending in this sector can vary widely based on project size, complexity, and location. Benchmarks for similar VA facility renovations would provide better context.

Small Business Impact

The data does not indicate whether small businesses were involved as prime contractors or subcontractors in this award. 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. Oversight will be crucial to ensure the renovation is completed on time, within budget, and to the required specifications.

Related Government Programs

Risk Flags

Tags

commercial-and-institutional-building-co, department-of-veterans-affairs, mn, definitive-contract, 10m-plus

Frequently Asked Questions

What is this federal contract paying for?

Department of Veterans Affairs awarded $12.5 million to GREENSTONE CONSTRUCTION, INC.. 618-22-102 RENOVATE FOR A PRIVATE PATIENT BED WARD (3D) - PROVIDE A LABOR AND MATERIALS TO COMPLETE WORK PER CONTRACT DOCUMENTS.

Who is the contractor on this award?

The obligated recipient is GREENSTONE CONSTRUCTION, 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 $12.5 million.

What is the period of performance?

Start: 2023-12-25. End: 2026-09-22.

What specific criteria led to the exclusion of certain sources in the competition process?

The exclusion of sources typically occurs due to specific requirements outlined in the solicitation, such as specialized capabilities, past performance, or geographic limitations. Understanding these criteria is essential to assess if the exclusion was justified and if it potentially limited competitive pricing or innovation.

How does the $12.46 million cost compare to similar patient ward renovation projects in terms of cost per square foot or per bed?

A direct comparison of the total contract value to similar projects is challenging without detailed project specifications (e.g., square footage, number of beds, scope of work). A cost-per-square-foot or cost-per-bed analysis, benchmarked against recent VA or comparable institutional construction projects, would provide a more accurate assessment of value for money.

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

Key performance indicators likely include adherence to the project schedule, quality of construction, compliance with building codes and VA standards, and effective cost management. The contract should specify metrics for these areas, with regular progress reports and inspections to ensure the renovation meets its objectives and delivers value.

Industry Classification

NAICS: ConstructionNonresidential Building ConstructionCommercial and Institutional Building Construction

Product/Service Code: MAINT, REPAIR, ALTER REAL PROPERTYMAINT, ALTER, REPAIR BUILDINGS

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES

Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE

Solicitation ID: 36C26323R0023

Offers Received: 4

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Parent Company: Greenstone Construction Inc.

Address: 827 28TH ST S STE B, FARGO, ND, 58103

Business Categories: 8(a) Program Participant, American Indian Owned Business, Category Business, Corporate Entity Not Tax Exempt, Minority Owned Business, Native American Owned Business, Self-Certified Small Disadvantaged Business, Service Disabled Veteran Owned Business, Small Business, Special Designations, Subchapter S Corporation, U.S.-Owned Business, Veteran Owned Business

Financial Breakdown

Contract Ceiling: $12,456,175

Exercised Options: $12,456,175

Current Obligation: $12,456,175

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED

Cost or Pricing Data: NO

Timeline

Start Date: 2023-12-25

Current End Date: 2026-09-22

Potential End Date: 2026-09-22 00:00:00

Last Modified: 2026-01-09

More Contracts from Greenstone Construction, Inc.

View all Greenstone Construction, Inc. federal contracts →

Other Department of Veterans Affairs Contracts

View all Department of Veterans Affairs contracts →

Explore Related Government Spending