NIH Awards MIT $2M for Biomedical Research Under Full and Open Competition

Contract Overview

Contract Amount: $20,297,159 ($20.3M)

Contractor: Massachusetts Institute of Technology

Awarding Agency: Department of Health and Human Services

Start Date: 2006-04-01

End Date: 2009-11-09

Contract Duration: 1,318 days

Daily Burn Rate: $15.4K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 5

Pricing Type: COST NO FEE

Sector: R&D

Official Description: BIOMEDICAL BASIC

Place of Performance

Location: CAMBRIDGE, MIDDLESEX County, MASSACHUSETTS, 02139

State: Massachusetts Government Spending

Plain-Language Summary

Department of Health and Human Services obligated $20.3 million to MASSACHUSETTS INSTITUTE OF TECHNOLOGY for work described as: BIOMEDICAL BASIC Key points: 1. Significant investment in fundamental biomedical research. 2. MIT is a leading research institution, suggesting strong technical capability. 3. The contract type (Cost No Fee) implies a focus on research progress over profit. 4. Potential for breakthroughs in physical, engineering, and life sciences.

Value Assessment

Rating: good

The contract value of $2,029,715.90 over 1318 days is reasonable for a large-scale R&D project at a top-tier institution like MIT. Benchmarking against similar NIH grants for basic research would provide more precise pricing assessment.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

Full and open competition was utilized, indicating a broad solicitation for proposals. This method generally promotes competitive pricing and allows the government to select the most qualified offeror based on merit and cost.

Taxpayer Impact: Taxpayer funds are directed towards advancing scientific knowledge, with the potential for long-term societal benefits.

Public Impact

Advancement of scientific knowledge in biomedical fields. Potential for new discoveries impacting public health. Support for cutting-edge research at a prestigious institution.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Positive Signals

Sector Analysis

This contract falls under the R&D sector, specifically basic research in the physical, engineering, and life sciences. Federal spending in this area is crucial for innovation and long-term economic growth, with NIH being a primary funding agency.

Small Business Impact

This contract was awarded to a large research institution (MIT) and does not appear to involve small business participation based on the provided data. Future contracts could explore opportunities for small businesses in specialized research areas.

Oversight & Accountability

Oversight would typically be managed by the National Institutes of Health (NIH) program officers to ensure research milestones are met and funds are used appropriately. Accountability is tied to the scientific outcomes and adherence to grant terms.

Related Government Programs

Risk Flags

Tags

research-and-development-in-the-physical, department-of-health-and-human-services, ma, definitive-contract, 10m-plus

Frequently Asked Questions

What is this federal contract paying for?

Department of Health and Human Services awarded $20.3 million to MASSACHUSETTS INSTITUTE OF TECHNOLOGY. BIOMEDICAL BASIC

Who is the contractor on this award?

The obligated recipient is MASSACHUSETTS INSTITUTE OF TECHNOLOGY.

Which agency awarded this contract?

Awarding agency: Department of Health and Human Services (National Institutes of Health).

What is the total obligated amount?

The obligated amount is $20.3 million.

What is the period of performance?

Start: 2006-04-01. End: 2009-11-09.

What are the specific research objectives and expected outcomes of this biomedical grant?

The specific research objectives and expected outcomes are not detailed in the provided data. Typically, NIH grants outline specific aims, methodologies, and anticipated contributions to scientific understanding. Further review of the contract statement of work or associated grant documentation would be necessary to ascertain these details and evaluate the project's potential impact.

What is the risk of research failure or not meeting projected scientific goals?

Basic research inherently carries a risk of failure or not meeting projected goals, as it explores unknown scientific territory. Factors contributing to this risk include the complexity of biological systems, unforeseen experimental challenges, and the possibility that hypotheses may not be supported by data. The 'Cost No Fee' structure suggests the focus is on effort and progress rather than guaranteed outcomes.

How does this award contribute to the overall effectiveness of NIH's research portfolio?

This award contributes to NIH's effectiveness by funding fundamental research at a leading institution, potentially leading to groundbreaking discoveries that could form the basis for future applied research and medical advancements. Investing in basic science is critical for long-term innovation and maintaining a robust pipeline of scientific knowledge that addresses public health challenges.

Industry Classification

NAICS: Professional, Scientific, and Technical ServicesScientific Research and Development ServicesResearch and Development in the Physical, Engineering, and Life Sciences

Product/Service Code: RESEARCH AND DEVELOPMENTN – Health R&D Services

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE

Offers Received: 5

Pricing Type: COST NO FEE (S)

Evaluated Preference: NONE

Contractor Details

Address: 77 MASSACHUSETTS AVE, CAMBRIDGE, MA, 02139

Business Categories: Category Business, Educational Institution, Higher Education, Nonprofit Organization, Not Designated a Small Business

Financial Breakdown

Contract Ceiling: $20,920,575

Exercised Options: $20,297,159

Current Obligation: $20,297,159

Contract Characteristics

Commercial Item: COMMERCIAL ITEM PROCEDURES NOT USED

Timeline

Start Date: 2006-04-01

Current End Date: 2009-11-09

Potential End Date: 2009-11-09 00:00:00

Last Modified: 2019-03-13

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