DOT Awards $165K for Regulatory Fees to Keystone Shipping Services, Inc
Contract Overview
Contract Amount: $165,000 ($165.0K)
Contractor: Keystone Shipping Services, Inc.
Awarding Agency: Department of Transportation
Start Date: 2025-12-01
End Date: 2026-11-30
Contract Duration: 364 days
Daily Burn Rate: $453/day
Competition Type: FULL AND OPEN COMPETITION
Pricing Type: COST NO FEE
Sector: Transportation
Official Description: CAPE EDMONT FY26 REGULATORY KEY-EDM26-1003A ISSUED TO FUND REGULATORY FEES ONBOARD EDMONT.
Place of Performance
Location: NORTH CHARLESTON, CHARLESTON County, SOUTH CAROLINA, 29405
Plain-Language Summary
Department of Transportation obligated $165,000 to KEYSTONE SHIPPING SERVICES, INC. for work described as: CAPE EDMONT FY26 REGULATORY KEY-EDM26-1003A ISSUED TO FUND REGULATORY FEES ONBOARD EDMONT. Key points: 1. Contract value is $165,000 for regulatory fee support. 2. Competition was full and open, suggesting market-based pricing. 3. Risk appears low given the nature of regulatory fee support. 4. Sector is Deep Sea Freight Transportation, managed by Maritime Administration.
Value Assessment
Rating: good
The contract value of $165,000 for regulatory fees appears reasonable for the specified duration. Without specific benchmarks for regulatory fee support contracts, direct comparison is difficult, but the cost-plus-no-fee structure suggests a focus on covering actual expenses.
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 taxpayer impact is minimal, as the $165,000 is for essential regulatory fees, ensuring compliance and operational continuity within the maritime sector.
Public Impact
Ensures compliance with maritime regulations. Supports the operational continuity of the Maritime Administration. Facilitates smooth functioning of the deep sea freight transportation sector.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of detailed cost breakdown for regulatory fees.
- Potential for scope creep if regulatory requirements change significantly.
Positive Signals
- Clear contract objective for regulatory fee support.
- Awarded under full and open competition.
- Defined period of performance.
Sector Analysis
This contract falls within the Deep Sea Freight Transportation sector, managed by the Maritime Administration. Spending in this sector is crucial for national and international trade, with regulatory compliance being a key component.
Small Business Impact
The contract was awarded to Keystone Shipping Services, Inc. There is no indication in the provided data whether this is a small business or if small business participation was a factor in the award.
Oversight & Accountability
The Department of Transportation, through the Maritime Administration, is responsible for overseeing this contract. Standard procurement regulations and oversight mechanisms should ensure accountability and proper use of funds.
Related Government Programs
- Deep Sea Freight Transportation
- Department of Transportation Contracting
- Maritime Administration Programs
Risk Flags
- Contract value is relatively small, potentially limiting detailed scrutiny.
- Cost-plus-no-fee structure requires careful monitoring of actual expenses.
- Reliance on vendor for accurate reporting of regulatory fees.
- Potential for unstated regulatory changes impacting costs.
Tags
deep-sea-freight-transportation, department-of-transportation, sc, delivery-order, 100k-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Transportation awarded $165,000 to KEYSTONE SHIPPING SERVICES, INC.. CAPE EDMONT FY26 REGULATORY KEY-EDM26-1003A ISSUED TO FUND REGULATORY FEES ONBOARD EDMONT.
Who is the contractor on this award?
The obligated recipient is KEYSTONE SHIPPING SERVICES, INC..
Which agency awarded this contract?
Awarding agency: Department of Transportation (Maritime Administration).
What is the total obligated amount?
The obligated amount is $165,000.
What is the period of performance?
Start: 2025-12-01. End: 2026-11-30.
What specific regulatory fees are covered by this contract?
The provided data indicates the contract is for 'REGULATORY FEES ONBOARD EDMONT'. However, it does not specify the exact nature or breakdown of these fees. Further details would be needed to understand the precise services and costs associated with these regulatory obligations.
Are there any performance metrics to ensure the effectiveness of the regulatory fee payment?
The data does not explicitly mention performance metrics for this contract. Given it's for fee payment, effectiveness is likely measured by timely and accurate remittance. However, specific KPIs or reporting requirements would need to be reviewed in the full contract.
What is the historical spending on similar regulatory fee support contracts?
Historical spending data for similar regulatory fee support contracts is not provided. Benchmarking would require access to a broader dataset of government contracts, specifically those related to maritime regulatory compliance and fee management.
Industry Classification
NAICS: Transportation and Warehousing › Deep Sea, Coastal, and Great Lakes Water Transportation › Deep Sea Freight Transportation
Product/Service Code: OPERATION OF GOVT OWNED FACILITY › OPERATE GOVT OWNED BUILDINGS
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Pricing Type: COST NO FEE (S)
Evaluated Preference: NONE
Contractor Details
Address: 1 BELMONT AVE STE 910, BALA CYNWYD, PA, 19004
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $165,000
Exercised Options: $165,000
Current Obligation: $165,000
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: 693JF725D000031
IDV Type: IDC
Timeline
Start Date: 2025-12-01
Current End Date: 2026-11-30
Potential End Date: 2026-11-30 00:00:00
Last Modified: 2026-04-08
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