Statue of Liberty Safety Upgrades Cost $43.8M, Awarded to Joseph A. Natoli Construction Corp

Contract Overview

Contract Amount: $43,854,565 ($43.9M)

Contractor: Joseph a Natoli Construction Corp

Awarding Agency: Department of the Interior

Start Date: 2011-08-04

End Date: 2013-11-29

Contract Duration: 848 days

Daily Burn Rate: $51.7K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 3

Pricing Type: FIRM FIXED PRICE

Sector: Construction

Official Description: STLI-155567,STATUE OF LIBERTY NATIONAL MONUMENT, COMPLETE LIFE AND SAFETY UPGRADES.

Place of Performance

Location: NEW YORK, NEW YORK County, NEW YORK, 10004

State: New York Government Spending

Plain-Language Summary

Department of the Interior obligated $43.9 million to JOSEPH A NATOLI CONSTRUCTION CORP for work described as: STLI-155567,STATUE OF LIBERTY NATIONAL MONUMENT, COMPLETE LIFE AND SAFETY UPGRADES. Key points: 1. The project involved significant life and safety upgrades for a national landmark. 2. Joseph A. Natoli Construction Corp. secured the contract through full and open competition. 3. The contract was firm fixed price, indicating a defined cost structure. 4. The project duration was 848 days, suggesting a substantial scope of work.

Value Assessment

Rating: good

The final award amount of $43.8M appears reasonable for a large-scale infrastructure project of this nature, especially considering the historical significance and safety requirements of the Statue of Liberty. Benchmarking against similar large construction projects for national landmarks would provide further validation.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded through full and open competition, which generally promotes competitive pricing and ensures the best value is obtained. The firm fixed price contract further supports price discovery by setting a clear ceiling.

Taxpayer Impact: Taxpayers benefited from a competitive bidding process that likely resulted in a fair price for essential safety upgrades to a national monument.

Public Impact

Ensured the safety and preservation of a globally recognized historical monument. Supported local economy through construction jobs and related services in New York. Improved visitor experience by addressing critical life and safety concerns.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Positive Signals

Sector Analysis

This project falls under Commercial and Institutional Building Construction. Spending in this sector can vary widely based on project scale, location, and specific requirements. The $43.8M cost is significant, reflecting the complexity and importance of upgrading a national monument.

Small Business Impact

The data indicates that the contract was awarded to Joseph A. Natoli Construction Corp., and there is no specific mention of small business participation or subcontracting. Further analysis would be needed to determine if small businesses were involved.

Oversight & Accountability

The Department of the Interior, through the National Park Service, oversaw this project. The firm fixed price contract and full and open competition suggest established oversight mechanisms were in place to manage costs and ensure project completion.

Related Government Programs

Risk Flags

Tags

commercial-and-institutional-building-co, department-of-the-interior, ny, dca, 10m-plus

Frequently Asked Questions

What is this federal contract paying for?

Department of the Interior awarded $43.9 million to JOSEPH A NATOLI CONSTRUCTION CORP. STLI-155567,STATUE OF LIBERTY NATIONAL MONUMENT, COMPLETE LIFE AND SAFETY UPGRADES.

Who is the contractor on this award?

The obligated recipient is JOSEPH A NATOLI CONSTRUCTION CORP.

Which agency awarded this contract?

Awarding agency: Department of the Interior (National Park Service).

What is the total obligated amount?

The obligated amount is $43.9 million.

What is the period of performance?

Start: 2011-08-04. End: 2013-11-29.

What was the primary driver for the $43.8M expenditure on the Statue of Liberty upgrades?

The primary driver was the need for complete life and safety upgrades to the Statue of Liberty National Monument. This likely encompassed structural reinforcements, fire suppression systems, electrical upgrades, and accessibility improvements to ensure the long-term preservation and safety of the monument for visitors and staff.

What were the key risks associated with this construction project?

Key risks included potential unforeseen structural issues within the historic monument, which could lead to cost overruns and schedule delays. Managing construction activities on an active, high-traffic national landmark also presented logistical and safety challenges for workers and visitors.

How effectively did the full and open competition ensure value for taxpayer money?

Full and open competition is designed to maximize value by encouraging multiple bidders to offer their best prices and solutions. This process likely led to a more competitive bid environment, ensuring that the $43.8M awarded represented a fair market price for the required upgrades.

Industry Classification

NAICS: ConstructionNonresidential Building ConstructionCommercial and Institutional Building Construction

Product/Service Code: CONSTRUCT OF STRUCTURES/FACILITIESCONSTRUCTION OF BUILDINGS

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE

Solicitation ID: N2011110096

Offers Received: 3

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 293 CHANGEBRIDGE RD, PINE BROOK, NJ, 11

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

Financial Breakdown

Contract Ceiling: $43,854,565

Exercised Options: $43,854,565

Current Obligation: $43,854,565

Contract Characteristics

Cost or Pricing Data: NO

Timeline

Start Date: 2011-08-04

Current End Date: 2013-11-29

Potential End Date: 2013-11-29 00:00:00

Last Modified: 2015-01-28

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