DOE's $93.9M LPO Support Contract Awarded to Value Recovery Holding Under Full and Open Competition
Contract Overview
Contract Amount: $93,889,736 ($93.9M)
Contractor: Value Recovery Holding, Limited Liability Company
Awarding Agency: Department of Energy
Start Date: 2011-05-09
End Date: 2017-10-31
Contract Duration: 2,367 days
Daily Burn Rate: $39.7K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 4
Pricing Type: TIME AND MATERIALS
Sector: Other
Official Description: PROFESSIONAL MANAGEMENT AND ANALYTICAL SUPPORT FOR THE LOAN PROGRAMS OFFICE (LPO) IN THE PLANNING, ADMINISTRATION, MANAGEMENT AND OPERATION OF THE LOAN GUARANTEE PROGRAM AND THE ADVANCED TECHNOLOGY VEHICLES MANUFACTURING LOAN PROGRAM (ATVMLP).
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20585
Plain-Language Summary
Department of Energy obligated $93.9 million to VALUE RECOVERY HOLDING, LIMITED LIABILITY COMPANY for work described as: PROFESSIONAL MANAGEMENT AND ANALYTICAL SUPPORT FOR THE LOAN PROGRAMS OFFICE (LPO) IN THE PLANNING, ADMINISTRATION, MANAGEMENT AND OPERATION OF THE LOAN GUARANTEE PROGRAM AND THE ADVANCED TECHNOLOGY VEHICLES MANUFACTURING LOAN PROGRAM (ATVMLP). Key points: 1. Contract supports critical loan programs for advanced technologies. 2. Full and open competition was utilized, suggesting a competitive bidding process. 3. Potential risk related to the Time and Materials pricing structure. 4. Services fall under Administrative Management and General Management Consulting.
Value Assessment
Rating: fair
The contract value of $93.9M over approximately 6.5 years is substantial. Without specific benchmarks for similar LPO support contracts, a direct comparison is difficult. The Time and Materials pricing could lead to cost overruns if not managed carefully.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, indicating multiple bidders were likely considered. This method generally promotes price discovery and competitive pricing, though the Time and Materials (T&M) contract type can sometimes obscure true value without rigorous oversight.
Taxpayer Impact: Taxpayer funds are used to support the LPO's mission of facilitating clean energy and advanced technology projects. The effectiveness of the management support directly impacts the success and efficiency of these loan programs.
Public Impact
Supports the government's investment in advanced technology vehicles and other clean energy initiatives. Ensures efficient administration and operation of crucial loan guarantee programs. Potential for job creation and economic development through supported projects. Transparency in the management of public funds allocated to these programs.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Time and Materials pricing structure
- Lack of specific performance metrics in provided data
- Potential for scope creep with T&M contracts
Positive Signals
- Awarded under full and open competition
- Supports critical government mission (LPO)
- Experienced contractor (implied by contract duration)
Sector Analysis
The contract falls under management consulting services, a broad sector. The specific application within the Department of Energy's Loan Programs Office (LPO) focuses on financial and administrative support for technology-focused loan guarantees. Benchmarks for similar administrative support contracts within government agencies would be relevant.
Small Business Impact
The data indicates the awardee is 'VALUE RECOVERY HOLDING, LIMITED LIABILITY COMPANY' and that small business participation (sb) was false. This suggests that small businesses were not directly involved in this specific prime contract award.
Oversight & Accountability
Oversight would typically involve the Department of Energy's contracting officers and program managers monitoring performance, costs, and adherence to contract terms. The effectiveness of this oversight is crucial, especially given the Time and Materials pricing structure.
Related Government Programs
- Administrative Management and General Management Consulting Services
- Department of Energy Contracting
- Department of Energy Programs
Risk Flags
- Time and Materials pricing can lead to cost overruns.
- Potential for contractor to inflate hours or material costs.
- Lack of specific performance metrics in the provided data makes assessment difficult.
- Contract duration is lengthy, increasing exposure to potential issues.
- No indication of small business subcontracting, potentially missing opportunities for smaller firms.
Tags
administrative-management-and-general-ma, department-of-energy, dc, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Energy awarded $93.9 million to VALUE RECOVERY HOLDING, LIMITED LIABILITY COMPANY. PROFESSIONAL MANAGEMENT AND ANALYTICAL SUPPORT FOR THE LOAN PROGRAMS OFFICE (LPO) IN THE PLANNING, ADMINISTRATION, MANAGEMENT AND OPERATION OF THE LOAN GUARANTEE PROGRAM AND THE ADVANCED TECHNOLOGY VEHICLES MANUFACTURING LOAN PROGRAM (ATVMLP).
Who is the contractor on this award?
The obligated recipient is VALUE RECOVERY HOLDING, LIMITED LIABILITY COMPANY.
Which agency awarded this contract?
Awarding agency: Department of Energy (Department of Energy).
What is the total obligated amount?
The obligated amount is $93.9 million.
What is the period of performance?
Start: 2011-05-09. End: 2017-10-31.
What were the key performance indicators (KPIs) used to evaluate the contractor's success in managing the LPO programs?
The provided data does not specify the key performance indicators (KPIs) used for this contract. Typically, for management and analytical support contracts, KPIs might include timeliness of reports, accuracy of financial analysis, efficiency in program administration, and successful resolution of loan-related issues. Effective oversight would rely on tracking these metrics.
How did the Time and Materials (T&M) pricing structure impact the final cost compared to a fixed-price contract?
The Time and Materials (T&M) pricing structure allows the government to pay for the actual labor hours and materials used. While offering flexibility, it carries a risk of cost escalation if not tightly managed. Without a comparable fixed-price contract or detailed cost breakdowns, it's difficult to definitively state the cost impact, but T&M often results in higher final costs than initially estimated if efficiencies are not realized.
What is the long-term effectiveness of this type of support in achieving the LPO's mission objectives?
The long-term effectiveness hinges on the quality of the analytical and management support provided. If the contractor helps streamline LPO operations, improves risk assessment for loans, and facilitates the successful deployment of advanced technologies, then the support is highly effective. Conversely, inefficiencies or poor strategic advice could hinder the LPO's mission.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Management, Scientific, and Technical Consulting Services › Administrative Management and General Management Consulting Services
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › PROFESSIONAL SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Offers Received: 4
Pricing Type: TIME AND MATERIALS (Y)
Evaluated Preference: NONE
Contractor Details
Parent Company: Value Recovery Group, Inc (UEI: 181627048)
Address: 919 OLD HENDERSON RD, COLUMBUS, OH, 43220
Business Categories: Category Business, Partnership or Limited Liability Partnership, Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $118,143,494
Exercised Options: $118,143,494
Current Obligation: $93,889,736
Contract Characteristics
Commercial Item: COMMERCIAL ITEM
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: GS23F0014X
IDV Type: FSS
Timeline
Start Date: 2011-05-09
Current End Date: 2017-10-31
Potential End Date: 2018-07-05 00:00:00
Last Modified: 2018-07-15
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