DOT Awards $224K for Deep Sea Freight Transportation to Keystone Shipping Services, Inc
Contract Overview
Contract Amount: $224,467 ($224.5K)
Contractor: Keystone Shipping Services, Inc.
Awarding Agency: Department of Transportation
Start Date: 2025-08-18
End Date: 2026-06-30
Contract Duration: 316 days
Daily Burn Rate: $710/day
Competition Type: FULL AND OPEN COMPETITION
Pricing Type: COST NO FEE
Sector: Transportation
Official Description: BOB HOPE FY25 REGULATORY FEES B KEY-BHP25-1003 B
Place of Performance
Location: PORTLAND, MULTNOMAH County, OREGON, 97203
State: Oregon Government Spending
Plain-Language Summary
Department of Transportation obligated $224,466.68 to KEYSTONE SHIPPING SERVICES, INC. for work described as: BOB HOPE FY25 REGULATORY FEES B KEY-BHP25-1003 B Key points: 1. Contract value is $224,466.68 for services from August 2025 to June 2026. 2. Full and open competition was utilized, suggesting a competitive bidding process. 3. The contract is for deep sea freight transportation, a critical logistics sector. 4. No fee is associated with this contract, indicating a cost-reimbursement structure.
Value Assessment
Rating: fair
The contract value of $224,466.68 appears reasonable for a delivery order of this duration (316 days). Benchmarking against similar deep sea freight transportation contracts would provide a more definitive assessment of pricing.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, which typically leads to better price discovery and potentially lower costs for the government. The use of a delivery order suggests it may be part of a larger indefinite-delivery contract.
Taxpayer Impact: The competitive nature of the award is positive for taxpayers, as it likely resulted in a fair market price for the transportation services.
Public Impact
Ensures continued operation of critical deep sea freight transportation services. Supports the Department of Transportation's mission in managing maritime activities. Provides essential logistics for potential government or commercial needs via sea.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of specific performance metrics in provided data.
- Potential for cost overruns in cost-no-fee contracts if not managed closely.
Positive Signals
- Awarded through full and open competition.
- Clear contract duration and service type.
Sector Analysis
The Maritime Administration within the Department of Transportation oversees contracts related to maritime activities. Spending in this sector is crucial for national supply chains and defense readiness. Benchmarks for deep sea freight can vary significantly based on cargo type, route, and duration.
Small Business Impact
The provided data does not indicate whether small businesses were involved in this contract, either as prime contractors or subcontractors. Further analysis would be needed to determine small business participation.
Oversight & Accountability
The Department of Transportation's Maritime Administration is responsible for overseeing this contract. Standard oversight procedures for delivery orders under full and open competition should apply, focusing on performance and cost control.
Related Government Programs
- Deep Sea Freight Transportation
- Department of Transportation Contracting
- Maritime Administration Programs
Risk Flags
- Cost-reimbursement structure without a fee may reduce contractor incentive for cost control.
- Limited detail on specific performance metrics or deliverables.
- Dependence on a single contractor for a critical service.
- Potential for scope creep if not tightly managed.
Tags
deep-sea-freight-transportation, department-of-transportation, or, delivery-order, 100k-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Transportation awarded $224,466.68 to KEYSTONE SHIPPING SERVICES, INC.. BOB HOPE FY25 REGULATORY FEES B KEY-BHP25-1003 B
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 $224,466.68.
What is the period of performance?
Start: 2025-08-18. End: 2026-06-30.
What specific services are included under 'Deep Sea Freight Transportation' for this contract?
The specific services would typically be detailed in the Statement of Work (SOW) or Performance Work Statement (PWS) associated with the delivery order. This would outline the types of cargo, routes, scheduling requirements, and any associated handling or documentation.
How does the 'Cost No Fee' structure impact potential cost savings or risks for the government?
A 'Cost No Fee' contract means the government reimburses the contractor for allowable costs but pays no fee or profit. This structure can be beneficial for the government if the contractor is efficient and costs are well-controlled, as it eliminates profit margins. However, it can pose a risk if the contractor lacks incentive to control costs, potentially leading to higher overall expenses.
What is the historical performance of Keystone Shipping Services, Inc. with the Department of Transportation?
Assessing the historical performance of Keystone Shipping Services, Inc. with the Department of Transportation would require accessing contract databases and performance reviews. This information is crucial for understanding their reliability, quality of service, and adherence to contract terms in past engagements.
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: $224,467
Exercised Options: $224,467
Current Obligation: $224,467
Actual Outlays: $14,959
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: 693JF725D000017
IDV Type: IDC
Timeline
Start Date: 2025-08-18
Current End Date: 2026-06-30
Potential End Date: 2026-06-30 00:00:00
Last Modified: 2026-04-02
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