DoD Awards $110M Contract for Bahrain Ship Transfer Phase 1 to VSE Corporation

Contract Overview

Contract Amount: $109,615,198 ($109.6M)

Contractor: VSE Corporation

Awarding Agency: Department of Defense

Start Date: 2021-02-11

End Date: 2024-04-30

Contract Duration: 1,174 days

Daily Burn Rate: $93.4K/day

Competition Type: FULL AND OPEN COMPETITION

Pricing Type: COST PLUS FIXED FEE

Sector: Defense

Official Description: BAHRAIN SHIP TRANSFER PHASE 1 - SHIPYARD AND TOWING SELECTION, FINALIZE WORK PACKAGES AND VARIOUS SUPPORT TASKS

Place of Performance

Location: ALEXANDRIA, FAIRFAX County, VIRGINIA, 22310

State: Virginia Government Spending

Plain-Language Summary

Department of Defense obligated $109.6 million to VSE CORPORATION for work described as: BAHRAIN SHIP TRANSFER PHASE 1 - SHIPYARD AND TOWING SELECTION, FINALIZE WORK PACKAGES AND VARIOUS SUPPORT TASKS Key points: 1. The contract focuses on shipyard and towing selection, work package finalization, and support tasks for a Bahrain ship transfer. 2. VSE Corporation, the contractor, is a key player in defense logistics and sustainment. 3. The award method was 'Full and Open Competition', suggesting a competitive bidding process. 4. The contract type is 'Cost Plus Fixed Fee', which can lead to cost overruns if not managed carefully.

Value Assessment

Rating: fair

The Cost Plus Fixed Fee structure requires close monitoring to ensure costs remain reasonable. Benchmarking against similar complex maritime support contracts is difficult without more detailed cost breakdowns.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, indicating multiple bidders likely participated. This method generally promotes competitive pricing, though the specific cost discovery mechanisms for a Cost Plus Fixed Fee contract are crucial.

Taxpayer Impact: Taxpayer funds are being used for critical naval support operations abroad. The competitive award process aims to ensure value, but the cost-plus nature warrants vigilance.

Public Impact

Ensures continued operational readiness for naval assets in the Bahrain region. Supports critical infrastructure and logistics for U.S. Navy operations. Provides employment opportunities within the shipbuilding and repair sector. Contributes to geopolitical stability through sustained military presence.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Positive Signals

Sector Analysis

This contract falls within the Shipbuilding and Repairing sector, a critical component of national defense and maritime logistics. Spending in this sector is often project-specific and influenced by geopolitical needs and fleet modernization efforts.

Small Business Impact

The data does not indicate any specific subcontracting goals or participation by small businesses in this award. Further analysis would be needed to determine the extent of small business involvement.

Oversight & Accountability

The Department of the Navy, under the Department of Defense, is responsible for oversight. The contract's duration and complexity necessitate robust oversight to manage costs and ensure performance objectives are met.

Related Government Programs

Risk Flags

Tags

ship-building-and-repairing, department-of-defense, va, delivery-order, 100m-plus

Frequently Asked Questions

What is this federal contract paying for?

Department of Defense awarded $109.6 million to VSE CORPORATION. BAHRAIN SHIP TRANSFER PHASE 1 - SHIPYARD AND TOWING SELECTION, FINALIZE WORK PACKAGES AND VARIOUS SUPPORT TASKS

Who is the contractor on this award?

The obligated recipient is VSE CORPORATION.

Which agency awarded this contract?

Awarding agency: Department of Defense (Department of the Navy).

What is the total obligated amount?

The obligated amount is $109.6 million.

What is the period of performance?

Start: 2021-02-11. End: 2024-04-30.

What specific metrics are used to assess the 'fixed fee' component of this Cost Plus Fixed Fee contract to ensure it remains fair and reasonable?

The fixed fee in a CPFF contract is typically negotiated based on the estimated cost of the work and the contractor's expected profit. Metrics for fairness often include comparison to similar contracts, the complexity and risk involved, and the contractor's historical performance. The government's contracting officer is responsible for ensuring this fee is reasonable at the time of award and throughout the contract lifecycle.

How does the 'Ship Building and Repairing' sector benchmark against other defense procurement categories in terms of cost efficiency and risk?

The shipbuilding and repair sector is generally considered high-cost and high-risk due to the complexity of projects, long lead times, specialized labor, and material requirements. Benchmarking against other defense procurement categories like IT or services often shows higher per-unit costs and longer durations. Risks include technological obsolescence, environmental regulations, and the volatile nature of global supply chains.

What are the primary mechanisms in place to ensure the effectiveness of the 'various support tasks' beyond shipyard and towing, given their potentially broad scope?

Effectiveness for 'various support tasks' is typically ensured through detailed performance work statements (PWS), clearly defined deliverables, key performance indicators (KPIs), and regular progress reviews. The contracting officer's representative (COR) plays a crucial role in monitoring performance and ensuring tasks align with the overall mission objectives. Milestone payments and acceptance criteria also drive effectiveness.

Industry Classification

NAICS: ManufacturingShip and Boat BuildingShip Building and Repairing

Product/Service Code: MAINT, REPAIR, REBUILD EQUIPMENTNON-NUCLEAR SHIP REPAIR

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE

Solicitation ID: N0002410R4204

Pricing Type: COST PLUS FIXED FEE (U)

Evaluated Preference: NONE

Contractor Details

Address: 6348 WALKER LANE, ALEXANDRIA, VA, 22310

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

Financial Breakdown

Contract Ceiling: $111,120,941

Exercised Options: $111,120,941

Current Obligation: $109,615,198

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: N0002411D4229

IDV Type: IDC

Timeline

Start Date: 2021-02-11

Current End Date: 2024-04-30

Potential End Date: 2024-04-30 00:00:00

Last Modified: 2024-07-19

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