FAA Awards $67M for New LGA Airport Traffic Control Tower to Torcon Inc
Contract Overview
Contract Amount: $67,080,625 ($67.1M)
Contractor: Torcon Inc
Awarding Agency: Department of Transportation
Start Date: 2006-09-18
End Date: 2010-10-25
Contract Duration: 1,498 days
Daily Burn Rate: $44.8K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 3
Pricing Type: FIRM FIXED PRICE
Sector: Construction
Official Description: NEW LGA AIRPORT TRAFFIC CONTROL TOWER ATCT BUILDING
Place of Performance
Location: RED BANK, MONMOUTH County, NEW JERSEY, 07701
Plain-Language Summary
Department of Transportation obligated $67.1 million to TORCON INC for work described as: NEW LGA AIRPORT TRAFFIC CONTROL TOWER ATCT BUILDING Key points: 1. Contract awarded to Torcon Inc. for $67.08 million. 2. Project involves construction of a new Air Traffic Control Tower (ATCT) building. 3. Competition method was 'Full and Open Competition'. 4. Sector is Commercial and Institutional Building Construction. 5. Contract type is Firm Fixed Price.
Value Assessment
Rating: fair
The award amount of $67.08 million for a new airport traffic control tower seems within a reasonable range for such a specialized construction project. However, without specific benchmarks for ATCT construction costs, a precise valuation is difficult.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under 'Full and Open Competition', indicating a broad solicitation process. This method generally promotes competitive pricing and allows for a wide range of contractors to bid, potentially leading to better price discovery.
Taxpayer Impact: The use of full and open competition suggests an effort to secure the best value for taxpayer funds by encouraging multiple bids and potentially driving down costs.
Public Impact
Enhances air traffic safety and efficiency at LaGuardia Airport. Modernizes critical infrastructure for national airspace management. Supports economic activity through construction jobs and related services.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Potential for cost overruns in large-scale construction projects.
- Delays in project completion impacting operational readiness.
- Contractor performance risks associated with complex builds.
Positive Signals
- Firm Fixed Price contract provides cost certainty.
- Full and Open Competition likely yielded competitive pricing.
- Project addresses a critical infrastructure need.
Sector Analysis
The Commercial and Institutional Building Construction sector encompasses a wide range of projects. Airport infrastructure, like traffic control towers, represents a specialized and high-value segment within this sector, often involving significant engineering and regulatory compliance.
Small Business Impact
The data indicates the prime contractor is Torcon Inc. There is no explicit information provided regarding subcontracting to small businesses for this specific contract. Further investigation would be needed to assess small business participation.
Oversight & Accountability
The Federal Aviation Administration (FAA) is responsible for overseeing this project. Standard government oversight mechanisms for construction projects, including site inspections and progress reporting, would be in place to ensure compliance and quality.
Related Government Programs
- Commercial and Institutional Building Construction
- Department of Transportation Contracting
- Federal Aviation Administration Programs
Risk Flags
- Lack of detailed cost breakdown for benchmarking.
- Absence of information on project delays or overruns.
- Unclear small business subcontracting participation.
- Potential for scope creep in long-term construction projects.
Tags
commercial-and-institutional-building-co, department-of-transportation, nj, dca, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Transportation awarded $67.1 million to TORCON INC. NEW LGA AIRPORT TRAFFIC CONTROL TOWER ATCT BUILDING
Who is the contractor on this award?
The obligated recipient is TORCON INC.
Which agency awarded this contract?
Awarding agency: Department of Transportation (Federal Aviation Administration).
What is the total obligated amount?
The obligated amount is $67.1 million.
What is the period of performance?
Start: 2006-09-18. End: 2010-10-25.
What was the initial estimated cost for the LGA Airport Traffic Control Tower project, and how does the final award amount compare?
The provided data does not include the initial estimated cost for the LGA Airport Traffic Control Tower project. Comparing the final award amount of $67.08 million to an estimate would be crucial for assessing whether the project came in on budget or if there were significant deviations. This information is necessary for a thorough value assessment.
Were there any significant delays or cost overruns during the construction period from 2006 to 2010?
The contract duration was 1498 days, spanning from September 18, 2006, to October 25, 2010. While this indicates a substantial construction timeline, the data does not specify if there were any delays beyond the planned duration or if the final cost exceeded the initial $67.08 million award. Such details are important for evaluating project execution and risk management.
How does the cost per square foot or per unit of this ATCT compare to similar projects nationwide?
Benchmarking the cost of this ATCT against similar projects is challenging without more specific data on the tower's size, features, and complexity. The award amount of $67.08 million is a total contract value. A detailed cost breakdown, including square footage or specific functional units, would be required to perform a meaningful per-unit cost comparison and assess its efficiency.
Industry Classification
NAICS: Construction › Nonresidential Building Construction › Commercial and Institutional Building Construction
Product/Service Code: CONSTRUCT OF STRUCTURES/FACILITIES › CONSTRUCTION OF BUILDINGS
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Offers Received: 3
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 328 NEWMAN SPRINGS RD STE 5, RED BANK, NJ, 90
Business Categories: Category Business, Not Designated a Small Business
Financial Breakdown
Contract Ceiling: $2,011,664,822
Exercised Options: $67,080,625
Current Obligation: $67,080,625
Timeline
Start Date: 2006-09-18
Current End Date: 2010-10-25
Potential End Date: 2011-10-30 00:00:00
Last Modified: 2010-10-26
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