Department of Labor awards $44.17M contract to MINACT, INC for Job Corps Center services

Contract Overview

Contract Amount: $44,169,947 ($44.2M)

Contractor: Minact, Inc

Awarding Agency: Department of Labor

Start Date: 2015-09-01

End Date: 2020-10-31

Contract Duration: 1,887 days

Daily Burn Rate: $23.4K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 6

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: IGF::CT::IGF CONTRACT AWARD FOR THE BL HOOKS JOB CORPS CENTER

Place of Performance

Location: MEMPHIS, SHELBY County, TENNESSEE, 38116

State: Tennessee Government Spending

Plain-Language Summary

Department of Labor obligated $44.2 million to MINACT, INC for work described as: IGF::CT::IGF CONTRACT AWARD FOR THE BL HOOKS JOB CORPS CENTER Key points: 1. The contract value of $44.17M over 5 years represents significant investment in vocational training. 2. Full and open competition was utilized, suggesting a competitive bidding process. 3. The fixed-price contract type aims to control costs for the government. 4. The sector is 'Other Technical and Trade Schools', indicating a focus on specialized education.

Value Assessment

Rating: good

The contract value of $44.17M for Job Corps Center services appears reasonable given the duration and scope. Benchmarking against similar educational service contracts would provide further validation.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, indicating that multiple vendors had the opportunity to bid. This method generally promotes price discovery and competitive pricing.

Taxpayer Impact: The use of full and open competition and a firm fixed-price contract type are intended to ensure taxpayer funds are used efficiently for essential educational services.

Public Impact

Provides vocational training and educational services to students at the BL Hooks Job Corps Center. Supports workforce development initiatives by equipping individuals with job skills. Impacts students in Tennessee seeking career advancement through specialized training.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Positive Signals

Sector Analysis

The contract falls within the 'Other Technical and Trade Schools' sector, which is crucial for workforce development. Spending in this area supports government initiatives to provide vocational training and improve employment outcomes.

Small Business Impact

The data indicates the award was not set aside for small businesses (ss: false, sb: false). Further analysis would be needed to determine if small businesses were involved as subcontractors.

Oversight & Accountability

The contract was awarded by the Department of Labor's Office of the Assistant Secretary for Administration and Management, suggesting established oversight. Regular performance reviews and audits would be standard for a contract of this magnitude.

Related Government Programs

Risk Flags

Tags

other-technical-and-trade-schools, department-of-labor, tn, definitive-contract, 10m-plus

Frequently Asked Questions

What is this federal contract paying for?

Department of Labor awarded $44.2 million to MINACT, INC. IGF::CT::IGF CONTRACT AWARD FOR THE BL HOOKS JOB CORPS CENTER

Who is the contractor on this award?

The obligated recipient is MINACT, INC.

Which agency awarded this contract?

Awarding agency: Department of Labor (Office of the Assistant Secretary for Administration and Management).

What is the total obligated amount?

The obligated amount is $44.2 million.

What is the period of performance?

Start: 2015-09-01. End: 2020-10-31.

What specific training programs and services are included under this contract, and how do they align with current labor market demands?

The contract likely covers a range of vocational training programs tailored to the needs of the BL Hooks Job Corps Center students. Alignment with labor market demands would depend on the specific curriculum, instructor qualifications, and industry partnerships established by MINACT, INC. A review of the detailed statement of work would clarify the specific offerings and their relevance to current employment opportunities.

What are the key performance indicators (KPIs) for this contract, and how has MINACT, INC performed against them?

Key performance indicators for such a contract typically include student graduation rates, job placement rates, employer satisfaction, and program completion times. Without access to performance reports, it's difficult to assess MINACT, INC's effectiveness. The Department of Labor would typically monitor these KPIs to ensure the contractor is meeting its obligations and delivering value.

What is the cost per student or per training hour, and how does it compare to industry benchmarks?

Calculating the precise cost per student or training hour requires detailed financial data and student enrollment numbers, which are not provided. However, the total contract value of $44.17M over approximately 1887 days suggests a significant investment. Benchmarking this against similar Job Corps center contracts or other vocational training programs would be necessary to determine cost-effectiveness.

Industry Classification

NAICS: Educational ServicesTechnical and Trade SchoolsOther Technical and Trade Schools

Product/Service Code: OPERATION OF GOVT OWNED FACILITYOPERATE GOVT OWNED BUILDINGS

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE

Offers Received: 6

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 5220 KEELE ST, JACKSON, MS, 39206

Business Categories: Black American Owned Business, Category Business, Corporate Entity Not Tax Exempt, Minority Owned Business, Not Designated a Small Business, Special Designations, U.S.-Owned Business, Veteran Owned Business

Financial Breakdown

Contract Ceiling: $45,022,637

Exercised Options: $45,022,637

Current Obligation: $44,169,947

Actual Outlays: $9,866,975

Contract Characteristics

Commercial Item: COMMERCIAL ITEM PROCEDURES NOT USED

Cost or Pricing Data: YES

Timeline

Start Date: 2015-09-01

Current End Date: 2020-10-31

Potential End Date: 2021-09-22 00:00:00

Last Modified: 2022-04-25

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