DOT Awards $2.26M for FY26 Ship Manager Fixed Fees to Keystone Shipping Services
Contract Overview
Contract Amount: $2,267,448 ($2.3M)
Contractor: Keystone Shipping Services, Inc.
Awarding Agency: Department of Transportation
Start Date: 2025-10-01
End Date: 2026-09-30
Contract Duration: 364 days
Daily Burn Rate: $6.2K/day
Competition Type: FULL AND OPEN COMPETITION
Pricing Type: FIRM FIXED PRICE
Sector: Transportation
Official Description: NELSON V. BRITTIN FISCAL YEAR (FY) 26 SHIP MANAGER FIXED FEES THE PURPOSE OF THIS PROJECT IS TO PROVIDE FUNDING FOR MAINTENANCE PHASE FIXED FEES.
Place of Performance
Location: PORTLAND, MULTNOMAH County, OREGON, 97203
State: Oregon Government Spending
Plain-Language Summary
Department of Transportation obligated $2.3 million to KEYSTONE SHIPPING SERVICES, INC. for work described as: NELSON V. BRITTIN FISCAL YEAR (FY) 26 SHIP MANAGER FIXED FEES THE PURPOSE OF THIS PROJECT IS TO PROVIDE FUNDING FOR MAINTENANCE PHASE FIXED FEES. Key points: 1. The contract focuses on maintenance phase fixed fees for ship management. 2. Keystone Shipping Services, Inc. is the incumbent contractor. 3. The contract is awarded under full and open competition. 4. This award falls within the Deep Sea Freight Transportation sector.
Value Assessment
Rating: good
The fixed fee structure provides cost certainty for the maintenance phase. Benchmarking against similar ship management contracts would provide further insight into the pricing's competitiveness.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded through full and open competition, suggesting a competitive bidding process. This method generally leads to better price discovery and potentially lower costs for the government.
Taxpayer Impact: The fixed fee structure aims to control costs for essential ship maintenance, ensuring taxpayer funds are used efficiently for operational needs.
Public Impact
Ensures continued operation and maintenance of vessels critical for national transportation. Supports the maritime industry through contract awards. Provides stability for the awarded contractor, Keystone Shipping Services, Inc.
Waste & Efficiency Indicators
Waste Risk Score: 62 / 10
Warning Flags
- Potential for cost creep if scope of maintenance expands beyond fixed fee.
- Reliance on a single contractor for a specific period.
Positive Signals
- Clear fixed fee structure for predictable budgeting.
- Awarded through full and open competition.
- Supports critical maritime infrastructure.
Sector Analysis
This contract is within the Deep Sea Freight Transportation sector, a critical component of the nation's supply chain. Spending in this sector is often influenced by global trade dynamics and national security needs.
Small Business Impact
The data does not indicate any specific set-asides for small businesses. Further analysis would be needed to determine the extent of small business participation in the supply chain for this contract.
Oversight & Accountability
The award was made by the Maritime Administration, part of the Department of Transportation, suggesting established oversight mechanisms. The fixed-fee nature of the contract aids in financial accountability.
Related Government Programs
- Deep Sea Freight Transportation
- Department of Transportation Contracting
- Maritime Administration Programs
Risk Flags
- Potential for scope creep impacting fixed fee.
- Contractor performance history not detailed.
- Limited insight into specific maintenance tasks covered.
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 $2.3 million to KEYSTONE SHIPPING SERVICES, INC.. NELSON V. BRITTIN FISCAL YEAR (FY) 26 SHIP MANAGER FIXED FEES THE PURPOSE OF THIS PROJECT IS TO PROVIDE FUNDING FOR MAINTENANCE PHASE FIXED FEES.
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 $2.3 million.
What is the period of performance?
Start: 2025-10-01. End: 2026-09-30.
What is the historical performance of Keystone Shipping Services, Inc. on similar contracts?
Assessing Keystone Shipping Services, Inc.'s past performance on comparable ship management contracts is crucial. Reviewing metrics such as on-time delivery, adherence to budget, and quality of service would provide insight into their reliability and efficiency. This historical data can inform future contracting decisions and risk assessments.
Are there any potential risks associated with the fixed fee structure for maintenance?
While fixed fees offer budget predictability, risks can arise if the scope of 'maintenance phase' is not clearly defined or if unforeseen issues require extensive work beyond the agreed-upon fee. This could lead to change orders or disputes. Ensuring a comprehensive statement of work and robust contract management is key to mitigating these risks.
How does this contract contribute to the overall effectiveness of the Maritime Administration's fleet operations?
This contract is essential for ensuring the operational readiness and safety of vessels managed by the Maritime Administration. By securing fixed fees for maintenance, the agency can maintain its fleet effectively, supporting critical transportation functions and national security objectives. The continuity provided by this contract contributes to the overall effectiveness of maritime operations.
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: FIRM FIXED PRICE (J)
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: $2,267,448
Exercised Options: $2,267,448
Current Obligation: $2,267,448
Actual Outlays: $1,259,651
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: 693JF725D000018
IDV Type: IDC
Timeline
Start Date: 2025-10-01
Current End Date: 2026-09-30
Potential End Date: 2026-09-30 00:00:00
Last Modified: 2026-01-15
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