GSA Awards $76.3M Ray Seismic Renovation Contract to McCarthy Building Companies

Contract Overview

Contract Amount: $76,275,658 ($76.3M)

Contractor: Mccarthy Building Companies, Inc.

Awarding Agency: General Services Administration

Start Date: 2015-09-03

End Date: 2019-06-12

Contract Duration: 1,378 days

Daily Burn Rate: $55.4K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 3

Pricing Type: FIRM FIXED PRICE

Sector: Construction

Official Description: IGF::OT::IGF PCN: VMO00166 BLDG: MO0106ZZ RAY FED BLG SEISMIC RENOVATION 1222 SPRUCE ST ST. LOUIS MO 63103-2818 EN-GS-06-P-15-GZ-C-7005 AWARD OF VMO00166 RAY SEISMIC RENOVATIONS

Place of Performance

Location: SAINT LOUIS, SAINT LOUIS CITY County, MISSOURI, 63103

State: Missouri Government Spending

Plain-Language Summary

General Services Administration obligated $76.3 million to MCCARTHY BUILDING COMPANIES, INC. for work described as: IGF::OT::IGF PCN: VMO00166 BLDG: MO0106ZZ RAY FED BLG SEISMIC RENOVATION 1222 SPRUCE ST ST. LOUIS MO 63103-2818 EN-GS-06-P-15-GZ-C-7005 AWARD OF VMO00166 RAY SEISMIC RENOVATIONS Key points: 1. The contract, valued at $76.3 million, is for seismic renovations at the Ray Federal Building in St. Louis, MO. 2. Awarded under full and open competition, the contract aims to improve structural integrity and safety. 3. The project duration is 1378 days, indicating a significant, long-term construction effort. 4. The sector is Commercial and Institutional Building Construction, a critical area for federal infrastructure.

Value Assessment

Rating: good

The contract value of $76.3 million appears reasonable for a large-scale seismic renovation of a federal building. Benchmarking against similar large construction projects would provide a more precise assessment.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded through full and open competition, suggesting a robust process for soliciting bids and ensuring fair pricing. This method typically leads to competitive pricing.

Taxpayer Impact: The use of full and open competition is expected to yield the best value for taxpayers by encouraging multiple bids and driving down costs.

Public Impact

Improved safety and structural integrity for federal employees and the public at the Ray Federal Building. Modernization of critical federal infrastructure, ensuring long-term usability and resilience. Potential for local economic impact through job creation and subcontractor opportunities during the renovation period.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Potential for cost overruns in large-scale construction projects.
Delays in project completion impacting building availability.

Positive Signals

Awarded through full and open competition.
Focus on critical infrastructure safety and modernization.

Sector Analysis

This contract falls within the Commercial and Institutional Building Construction sector, which is vital for maintaining federal facilities. Spending benchmarks for similar large-scale renovations can vary significantly based on project scope and location.

Small Business Impact

The data indicates this contract was not awarded to small businesses (ss: false, sb: false). Further analysis would be needed to determine if small business subcontracting opportunities were included or pursued.

Oversight & Accountability

The General Services Administration (GSA) is responsible for managing federal buildings. Oversight would involve monitoring project progress, budget adherence, and quality of work to ensure taxpayer funds are used effectively.

Related Government Programs

Commercial and Institutional Building Construction
General Services Administration Contracting
Public Buildings Service Programs

Risk Flags

Large contract value ($76.3M) increases financial risk.
Long project duration (1378 days) heightens risk of delays and cost overruns.
Renovation of existing structures can uncover unforeseen issues.
No indication of small business participation in prime contract.

Frequently Asked Questions

What is this federal contract paying for?

General Services Administration awarded $76.3 million to MCCARTHY BUILDING COMPANIES, INC.. IGF::OT::IGF PCN: VMO00166 BLDG: MO0106ZZ RAY FED BLG SEISMIC RENOVATION 1222 SPRUCE ST ST. LOUIS MO 63103-2818 EN-GS-06-P-15-GZ-C-7005 AWARD OF VMO00166 RAY SEISMIC RENOVATIONS

Who is the contractor on this award?

The obligated recipient is MCCARTHY BUILDING COMPANIES, INC..

Which agency awarded this contract?

Awarding agency: General Services Administration (Public Buildings Service).

What is the total obligated amount?

The obligated amount is $76.3 million.

What is the period of performance?

Start: 2015-09-03. End: 2019-06-12.

What specific seismic risks does this renovation address, and how do the chosen methods mitigate them?

The renovation addresses seismic vulnerabilities inherent in older building structures, particularly in earthquake-prone regions. Specific risks likely include structural collapse, damage to critical systems, and potential injury to occupants during seismic events. The chosen methods would involve reinforcing the building's foundation, structural frame, and non-structural elements to absorb and dissipate seismic energy, thereby preventing catastrophic failure and ensuring life safety.

Are there any potential cost escalations or unforeseen issues that could impact the final project cost beyond the initial $76.3 million award?

Large construction projects, especially renovations involving existing structures, carry inherent risks of unforeseen issues like hidden structural defects, hazardous materials, or unexpected site conditions. These can lead to change orders and cost escalations. Robust project management, contingency planning, and thorough initial site assessments are crucial to mitigate these risks and control the final project cost within the awarded amount.

How will the success of this seismic renovation be measured in terms of improved building resilience and safety post-completion?

Success will be measured through post-renovation structural assessments and compliance with current seismic building codes and standards. Performance metrics may include the building's ability to withstand simulated seismic events of specified magnitudes without critical failure, reduced damage to building systems, and enhanced occupant safety. Independent engineering reviews and certifications will validate the effectiveness of the implemented seismic retrofitting measures.

Industry Classification

NAICS: Construction › Nonresidential Building Construction › Commercial and Institutional Building Construction

Product/Service Code: MAINT, REPAIR, ALTER REAL PROPERTY › MAINT, ALTER, REPAIR NONBUILDINGS

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: TWO STEP

Solicitation ID: GS-06P-15-GZ-C-002

Offers Received: 3

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Parent Company: Mccarthy Holdings Inc. (UEI: 088711643)

Address: 1341 N ROCK HILL RD, SAINT LOUIS, MO, 63124

Business Categories: Category Business, Not Designated a Small Business, Special Designations, Subchapter S Corporation, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $76,275,658

Exercised Options: $76,275,658

Current Obligation: $76,275,658

Subaward Activity

Number of Subawards: 309

Total Subaward Amount: $878,612,867

Contract Characteristics

Commercial Item: COMMERCIAL ITEM PROCEDURES NOT USED

Cost or Pricing Data: NO

Timeline