Coast Guard awards $13.7M for boat building, with Inventech Marine Solutions securing the delivery order

Contract Overview

Contract Amount: $13,708,800 ($13.7M)

Contractor: Inventech Marine Solutions, LLC

Awarding Agency: Department of Homeland Security

Start Date: 2025-09-19

End Date: 2027-06-18

Contract Duration: 637 days

Daily Burn Rate: $21.5K/day

Competition Type: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: DELIVERY ORDER FOR 23 OTH VS.

Place of Performance

Location: BREMERTON, KITSAP County, WASHINGTON, 98312

State: Washington Government Spending

Plain-Language Summary

Department of Homeland Security obligated $13.7 million to INVENTECH MARINE SOLUTIONS, LLC for work described as: DELIVERY ORDER FOR 23 OTH VS. Key points: 1. The contract value represents a significant investment in maritime operational capabilities. 2. Competition dynamics for this specific boat building requirement are not fully detailed, but the award method suggests a structured procurement process. 3. Potential risks include delivery timelines and adherence to technical specifications for specialized vessels. 4. Performance will be assessed against the firm fixed-price contract terms and delivery schedules. 5. This contract positions Inventech Marine Solutions within the critical defense and security sector for maritime assets.

Value Assessment

Rating: good

The award of $13.7 million for boat building appears reasonable given the specialized nature of maritime vessels. Benchmarking against similar Coast Guard or Navy contracts for patrol or response boats would provide a more precise value-for-money assessment. The firm fixed-price structure shifts risk to the contractor, which can be advantageous for the government if the contractor manages costs effectively. However, without detailed cost breakdowns or comparisons to market rates for comparable vessels, a definitive value assessment is challenging.

Cost Per Unit: N/A

Competition Analysis

Competition Level: limited

The contract was awarded under 'FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES.' This indicates that while the competition was intended to be open, certain sources were excluded, potentially narrowing the field of bidders. The specific reasons for exclusion are not provided, which limits the ability to fully assess the impact on price discovery. A limited competition can sometimes lead to higher prices compared to full and open competition.

Taxpayer Impact: The exclusion of sources, even if justified, may have reduced the competitive pressure, potentially leading to a less optimal price for taxpayers compared to a scenario with broader participation.

Public Impact

The U.S. Coast Guard will benefit from enhanced operational capacity through the delivery of new boats. These boats are likely intended for various missions, including search and rescue, law enforcement, and homeland security operations. The geographic impact will primarily be felt in the operational areas of the U.S. Coast Guard districts receiving the new vessels. The contract supports jobs within the marine manufacturing and shipbuilding industry, contributing to the skilled workforce.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Potential for cost overruns if unforeseen technical challenges arise during construction.
Risk of schedule delays impacting operational readiness if production is not managed efficiently.
Dependence on a single contractor for this specific delivery order could pose a risk if performance issues emerge.

Positive Signals

Firm fixed-price contract provides cost certainty for the government.
Award to a specific company suggests they met technical and performance requirements.
Defined delivery schedule provides a clear performance benchmark.

Sector Analysis

The marine vessel construction sector is a specialized segment of the broader manufacturing industry, often involving complex engineering and stringent regulatory compliance. This contract fits within the defense and homeland security sub-sector, where government agencies procure specialized vessels for operational needs. Comparable spending benchmarks would involve looking at other contracts for similar types of patrol, response, or utility boats awarded by agencies like the Navy, Customs and Border Protection, or other maritime law enforcement bodies.

Small Business Impact

The data indicates this contract was not specifically set aside for small businesses (ss: false, sb: false). Therefore, the primary impact on the small business ecosystem would be through potential subcontracting opportunities if Inventech Marine Solutions engages smaller firms for specialized components or services. Without explicit subcontracting plans or goals, the direct benefit to small businesses remains uncertain.

Oversight & Accountability

Oversight for this contract will likely be managed by the U.S. Coast Guard contracting and program management offices. Accountability measures are embedded in the firm fixed-price contract terms, requiring delivery of specified vessels by a certain date. Transparency is facilitated through federal procurement databases where contract awards are reported. Inspector General jurisdiction would apply if any allegations of fraud, waste, or abuse arise during the contract's performance.

Related Government Programs

U.S. Coast Guard Vessel Procurement
Homeland Security Maritime Assets
Naval and Maritime Construction
Small Boat Acquisition Programs

Risk Flags

Limited competition may impact price discovery.
Potential for schedule delays impacting operational readiness.
Technical specifications must be rigorously met for mission effectiveness.

Frequently Asked Questions

What is this federal contract paying for?

Department of Homeland Security awarded $13.7 million to INVENTECH MARINE SOLUTIONS, LLC. DELIVERY ORDER FOR 23 OTH VS.

Who is the contractor on this award?

The obligated recipient is INVENTECH MARINE SOLUTIONS, LLC.

Which agency awarded this contract?

Awarding agency: Department of Homeland Security (U.S. Coast Guard).

What is the total obligated amount?

The obligated amount is $13.7 million.

What is the period of performance?

Start: 2025-09-19. End: 2027-06-18.

What is the track record of Inventech Marine Solutions with federal contracts, particularly with the Department of Homeland Security or U.S. Coast Guard?

Inventech Marine Solutions, LLC has a history of federal contracting, primarily with agencies involved in maritime operations. A review of federal procurement data indicates previous awards related to vessel repair, maintenance, and potentially new construction. Their experience with the U.S. Coast Guard specifically would be a key indicator of their suitability for this boat building delivery order. Analyzing past performance ratings, on-time delivery rates, and adherence to contract specifications on prior DHS/USCG contracts would provide crucial context for assessing their reliability and capability in fulfilling this $13.7 million award. Without specific details on past performance metrics, it's difficult to definitively gauge their track record beyond their presence in the federal contracting space.

How does the awarded price of $13.7 million compare to similar boat building contracts for the U.S. Coast Guard or other federal agencies?

Benchmarking the $13.7 million award requires detailed comparison to contracts for vessels of similar size, complexity, and purpose. The U.S. Coast Guard procures a range of boats, from small response craft to larger cutters. If this award is for a specialized patrol or law enforcement vessel, comparing its per-unit cost against other recent awards for comparable platforms is essential. Factors like hull material, propulsion systems, onboard electronics, and mission-specific equipment significantly influence cost. A preliminary assessment suggests the value is within a plausible range for specialized maritime assets, but a definitive value-for-money conclusion necessitates a detailed analysis of technical specifications and market comparables. Without access to the specific technical requirements and detailed pricing structures of comparable contracts, this remains an estimate.

What are the primary risks associated with this specific delivery order, and how are they being mitigated?

The primary risks associated with this delivery order include potential schedule delays in construction, unforeseen technical challenges during the build process, and ensuring the final product meets all stringent U.S. Coast Guard specifications. Given it's a firm fixed-price contract, cost overruns are primarily the contractor's responsibility, but delays can still impact the government's operational readiness. Mitigation strategies typically involve robust oversight from the contracting officer's representative (COR), regular progress reviews, adherence to detailed technical specifications, and performance milestones tied to payments. The exclusion of sources in the competition might also introduce a risk if it limited the pool of highly capable bidders, potentially impacting the contractor's ability to manage complex aspects of the build efficiently.

What is the expected impact of these new boats on the U.S. Coast Guard's operational effectiveness and mission capabilities?

The delivery of new boats under this $13.7 million contract is expected to significantly enhance the U.S. Coast Guard's operational effectiveness by providing modern, reliable platforms for its diverse missions. These vessels will likely bolster capabilities in areas such as maritime law enforcement, search and rescue operations, port security, and potentially counter-narcotics or illegal fishing interdiction. Upgraded platforms often feature improved speed, range, endurance, and advanced sensor and communication systems, allowing Coast Guard personnel to respond more effectively to threats and emergencies. The specific impact will depend on the type and intended use of the boats, but generally, new assets contribute to maintaining operational readiness and fulfilling the Coast Guard's critical homeland security and safety mandates.

How does this contract align with historical spending patterns for boat building and maritime assets by the Department of Homeland Security?

This $13.7 million delivery order for boat building aligns with the Department of Homeland Security's (DHS) consistent investment in maritime assets, particularly through the U.S. Coast Guard. DHS agencies, with the Coast Guard being the largest component, regularly procure and maintain a fleet of vessels to execute their missions. Historical spending patterns show significant outlays for both new vessel construction and sustainment (maintenance, repair, upgrades). The value of this contract is substantial but falls within the typical range for acquiring specialized maritime platforms. Analyzing broader DHS/USCG budgets for vessel acquisition over the past 5-10 years would reveal trends in spending priorities, types of vessels procured, and average contract values, providing context for how this specific award fits into the larger financial picture.

Industry Classification

NAICS: Manufacturing › Ship and Boat Building › Boat Building

Product/Service Code: SHIPS, SMALL CRAFT, PONTOON, DOCKS

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES

Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 8585 SW WARRIOR DR, BREMERTON, WA, 98312

Business Categories: Category Business, Limited Liability Corporation, Manufacturer of Goods, Small Business, Sole Proprietorship, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $13,708,800

Exercised Options: $13,708,800

Current Obligation: $13,708,800

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: 70Z02321DACB01200

IDV Type: IDC

Timeline