Concurrent Technologies Corp. awarded $13.7M contract by Department of Energy for services in Pennsylvania
Contract Overview
Contract Amount: $13,666,659 ($13.7M)
Contractor: Concurrent Technologies Corp
Awarding Agency: Department of Energy
Start Date: 2000-01-15
End Date: 2004-11-30
Contract Duration: 1,781 days
Daily Burn Rate: $7.7K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 2
Pricing Type: TIME AND MATERIALS
Sector: R&D
Place of Performance
Location: PENNSYLVANIA
Plain-Language Summary
Department of Energy obligated $13.7 million to CONCURRENT TECHNOLOGIES CORP for work described as: Key points: 1. Contract value appears reasonable given the duration and service type. 2. Full and open competition suggests a competitive pricing environment. 3. Contract type (Time and Materials) carries inherent risk of cost overruns. 4. Performance period spans over four years, indicating a significant project. 5. Contract falls within the broader IT and R&D sectors for the Department of Energy. 6. Geographic focus on Pennsylvania may have local economic implications.
Value Assessment
Rating: good
The contract value of $13.7 million over approximately 1781 days (roughly 4.8 years) suggests an average annual spend of around $2.8 million. Without specific service details, direct comparison is difficult. However, for IT services or R&D support contracts of this duration, this level of spending is within a typical range. The Time and Materials (T&M) pricing structure, while flexible, can sometimes lead to higher costs than fixed-price contracts if not managed closely. Benchmarking against similar T&M contracts for specialized technical support within the Department of Energy would provide 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 that all responsible sources were permitted to submit bids. This typically leads to a more robust selection of qualified contractors and encourages competitive pricing. The fact that it was competed openly suggests the agency sought the best value through a broad market solicitation. The number of bidders is not specified, but the open nature of the competition is a positive indicator for price discovery and efficient use of taxpayer funds.
Taxpayer Impact: Full and open competition generally benefits taxpayers by driving down prices through market forces and ensuring that the government receives competitive bids, leading to better value for money.
Public Impact
The Department of Energy benefits from specialized technical services to support its mission. Services likely involve research, development, or technical support within the energy sector. The geographic impact is concentrated in Pennsylvania, potentially supporting local jobs and businesses. Workforce implications include the employment of skilled professionals by Concurrent Technologies Corp.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Time and Materials contract type can lead to cost overruns if not closely monitored.
- Lack of specific performance metrics in the provided data makes assessing effectiveness challenging.
- The long duration of the contract requires sustained oversight to ensure continued value.
Positive Signals
- Awarded through full and open competition, suggesting a competitive process.
- Concurrent Technologies Corp. is an established entity, implying some level of experience.
- The contract duration indicates a potentially stable and significant project.
Sector Analysis
This contract likely falls within the professional, scientific, and technical services sector, potentially supporting the Department of Energy's research and development initiatives or operational needs. The IT and R&D sub-sectors are relevant here. The market for such services is competitive, with numerous firms offering specialized expertise. Benchmarking against similar contracts within the federal government for technical support and R&D services would place this award in context. The Department of Energy often procures specialized services to advance its energy research, policy, and operational goals.
Small Business Impact
The provided data does not indicate any specific small business set-aside provisions for this contract. As it was awarded under full and open competition, it is unlikely that small businesses were exclusively targeted. However, Concurrent Technologies Corp. may engage small businesses as subcontractors, contributing to the broader small business ecosystem. Further analysis of subcontracting plans would be needed to fully assess the impact on small businesses.
Oversight & Accountability
Oversight mechanisms for this contract would typically involve the Department of Energy's contracting officers, program managers, and potentially an Inspector General's office. Accountability is usually managed through contract performance reviews, milestone tracking, and adherence to the terms and conditions of the Time and Materials agreement. Transparency would be enhanced by public contract databases and reporting requirements, though specific details of performance and spending are often proprietary.
Related Government Programs
- Department of Energy Research and Development Programs
- Federal IT Services Contracts
- Technical Support Services
- Energy Sector Research
Risk Flags
- Time and Materials contract type carries inherent cost overrun risk.
- Lack of specific performance metrics makes objective assessment difficult.
- Long contract duration requires sustained oversight.
Tags
department-of-energy, concurrent-technologies-corp, time-and-materials, full-and-open-competition, pennsylvania, it-services, research-and-development, technical-support, federal-contract, multi-year-contract
Frequently Asked Questions
What is this federal contract paying for?
Department of Energy awarded $13.7 million to CONCURRENT TECHNOLOGIES CORP. See the official description on USAspending.
Who is the contractor on this award?
The obligated recipient is CONCURRENT TECHNOLOGIES CORP.
Which agency awarded this contract?
Awarding agency: Department of Energy (Department of Energy).
What is the total obligated amount?
The obligated amount is $13.7 million.
What is the period of performance?
Start: 2000-01-15. End: 2004-11-30.
What specific services did Concurrent Technologies Corp. provide under this contract?
The provided data does not specify the exact services rendered by Concurrent Technologies Corp. under this $13.7 million Department of Energy contract. However, given the agency and the contract type (potentially Time and Materials), the services likely involved specialized technical support, research and development assistance, engineering services, or IT support related to the Department of Energy's mission. These could range from scientific analysis and modeling to system development and maintenance. A detailed review of the contract's Statement of Work (SOW) would be necessary to ascertain the precise nature and scope of the services delivered.
How does the $13.7 million contract value compare to similar Department of Energy contracts for technical services?
Comparing the $13.7 million contract value requires context on the duration and specific services. Awarded on January 15, 2000, and ending November 30, 2004 (approximately 4.8 years), the average annual value was around $2.8 million. The Department of Energy procures a wide range of services, from large-scale infrastructure projects to specialized R&D support. For contracts involving IT, engineering, or scientific consulting services over a multi-year period, $2.8 million annually is a moderate figure. Larger, more complex R&D initiatives or major IT system overhauls could easily exceed this amount, while smaller, more focused support tasks would be less. Without knowing the specific deliverables, a precise benchmark is challenging, but it appears to be a substantial, yet not exceptionally large, contract for specialized support.
What are the primary risks associated with a Time and Materials (T&M) contract of this nature?
The primary risk associated with a Time and Materials (T&M) contract, such as this one awarded to Concurrent Technologies Corp., is the potential for cost overruns. Unlike fixed-price contracts, T&M agreements compensate the contractor for the actual labor hours and material costs incurred. If project scope is not tightly managed, or if inefficiencies arise, the total cost can escalate beyond initial estimates. This places a significant burden on the government to closely monitor contractor effort and expenditures. For the Department of Energy, this means diligent oversight is crucial to ensure that the $13.7 million ceiling is not exceeded without commensurate value delivered. Effective project management and clear task definitions are essential to mitigate these risks.
What was the historical spending pattern for Concurrent Technologies Corp. with the Department of Energy prior to this award?
The provided data only details this specific contract awarded on January 15, 2000. It does not offer information on Concurrent Technologies Corp.'s historical spending patterns or previous contracts with the Department of Energy before this award. To assess historical spending, one would need to access federal procurement databases (like FPDS or USASpending) and filter for all contracts awarded to Concurrent Technologies Corp. by the Department of Energy across all fiscal years. This would reveal the volume, value, and types of services previously contracted, providing insight into the company's established relationship and track record with the agency.
How did the 'full and open competition' impact the final price and contractor selection for this contract?
Full and open competition is designed to maximize the number of potential bidders, thereby fostering a competitive environment that typically drives down prices and improves the quality of offers. For this Department of Energy contract, it means that Concurrent Technologies Corp. likely submitted a competitive bid against other qualified companies. The agency would have evaluated proposals based on pre-defined criteria, which could include technical approach, past performance, and price. The 'full and open' nature suggests that the government sought the best overall value, and the final price reflects the outcome of this competitive process rather than a negotiated price with a single source. While the exact number of bidders isn't provided, the process itself is a mechanism for achieving favorable terms for taxpayers.
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Offers Received: 2
Pricing Type: TIME AND MATERIALS (Y)
Contractor Details
Address: 100 CTC DR, JOHNSTOWN, PA, 13
Business Categories: Category Business, Nonprofit Organization, Not Designated a Small Business
Financial Breakdown
Contract Ceiling: $13,666,659
Exercised Options: $13,666,659
Current Obligation: $13,666,659
Parent Contract
Parent Award PIID: DEAM2699FT40465
IDV Type: IDC
Timeline
Start Date: 2000-01-15
Current End Date: 2004-11-30
Potential End Date: 2004-11-30 00:00:00
Last Modified: 2008-02-27
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