DOT Awards $2.86M for Bob Hope Ship Repairs to Keystone Shipping Services
Contract Overview
Contract Amount: $2,860,000 ($2.9M)
Contractor: Keystone Shipping Services, Inc.
Awarding Agency: Department of Transportation
Start Date: 2025-09-02
End Date: 2026-08-31
Contract Duration: 363 days
Daily Burn Rate: $7.9K/day
Competition Type: FULL AND OPEN COMPETITION
Pricing Type: COST NO FEE
Sector: Transportation
Official Description: BOB HOPE FY25 REPAIRS C KEY-BHP25-1005 C
Place of Performance
Location: PORTLAND, MULTNOMAH County, OREGON, 97203
State: Oregon Government Spending
Plain-Language Summary
Department of Transportation obligated $2.9 million to KEYSTONE SHIPPING SERVICES, INC. for work described as: BOB HOPE FY25 REPAIRS C KEY-BHP25-1005 C Key points: 1. Contract awarded for repairs to the Bob Hope class vessel. 2. Keystone Shipping Services, Inc. secured the contract. 3. The award falls under the Deep Sea Freight Transportation NAICS code. 4. Full and open competition was utilized for this award.
Value Assessment
Rating: fair
The contract is a cost-no-fee type, making direct price comparison difficult. The awarded amount of $2.86M for a 363-day duration suggests a significant repair scope. Benchmarking against similar vessel repair contracts would be necessary for a more precise value assessment.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, indicating a robust price discovery process. This method generally leads to more competitive pricing as multiple vendors can bid.
Taxpayer Impact: The use of full and open competition aims to ensure taxpayer funds are used efficiently by securing the best possible price for the required services.
Public Impact
Ensures operational readiness of a key government asset. Supports the maritime transportation sector. Provides essential services for national defense or logistical needs.
Waste & Efficiency Indicators
Waste Risk Score: 70 / 10
Warning Flags
- Cost-no-fee contract type can obscure true costs.
- Limited data on specific repair scope and its necessity.
Positive Signals
- Awarded under full and open competition.
- Supports critical maritime infrastructure.
Sector Analysis
This contract falls within the maritime transportation sector, specifically focusing on vessel maintenance and repair. Spending in this sector is often driven by fleet readiness requirements and the lifespan of government-owned or operated vessels.
Small Business Impact
The data does not indicate if small businesses were involved in this specific contract award, 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 this contract. Oversight would focus on ensuring the repairs are completed to specification and within the allocated budget, adhering to procurement regulations.
Related Government Programs
- Deep Sea Freight Transportation
- Department of Transportation Contracting
- Maritime Administration Programs
Risk Flags
- Cost-no-fee contract type.
- Limited detail on repair scope.
- Potential for cost overruns if not managed tightly.
- Dependence on a single awardee for execution.
Tags
deep-sea-freight-transportation, department-of-transportation, or, delivery-order, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Transportation awarded $2.9 million to KEYSTONE SHIPPING SERVICES, INC.. BOB HOPE FY25 REPAIRS C KEY-BHP25-1005 C
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 $2.9 million.
What is the period of performance?
Start: 2025-09-02. End: 2026-08-31.
What is the specific scope of repairs included in this $2.86M contract, and how does it align with the vessel's maintenance schedule?
The provided data does not detail the specific scope of repairs. A comprehensive review of the contract's statement of work would be required to understand the exact services being procured. This information is crucial for assessing the necessity and value of the expenditure against the vessel's operational needs and planned maintenance cycles.
How does the $2.86M cost compare to historical repair costs for similar vessels or previous repairs on the Bob Hope?
Without historical data on similar vessel repairs or previous work on the Bob Hope, a direct cost comparison is not possible. Benchmarking against industry standards for deep-sea vessel repairs of comparable complexity and duration would be necessary to evaluate if this $2.86M award represents a fair market price.
What measures are in place to ensure the quality and timeliness of the repairs, given the cost-no-fee contract structure?
Given the cost-no-fee structure, oversight will likely focus heavily on performance metrics and adherence to the statement of work. The Maritime Administration would typically employ quality assurance personnel and conduct regular inspections to monitor progress and ensure the repairs meet all required specifications and are completed by the August 2026 deadline.
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: $2,860,000
Exercised Options: $2,860,000
Current Obligation: $2,860,000
Actual Outlays: $64,971
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: 2025-09-02
Current End Date: 2026-08-31
Potential End Date: 2026-08-31 00:00:00
Last Modified: 2026-02-04
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- Fisher Fiscal Year (FY) Repairs a the Purpose of This Project IS to Accomplish Approved Specific Work Items on the Ship's Approved Business Plan — $6.9M (Department of Transportation)
- Brittin Fiscal Year (FY) 26 Repairs a the Purpose of This Project IS to Accomplish Approved Specific Work Items on the Ship's Approved Business Plan — $5.5M (Department of Transportation)
- Fisher Fiscal Year (FY) 25 Repairs a the Purpose of This Project IS to Accomplish Approved Specific Work Items on the Ship's Approved Business Plan — $4.6M (Department of Transportation)
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