Navy Awards $178.6M for 74 Foot Support Crafts to Synergy Partners LLC
Contract Overview
Contract Amount: $17,862,720 ($17.9M)
Contractor: Synergy Partners LLC
Awarding Agency: Department of Defense
Start Date: 2024-09-27
End Date: 2027-10-31
Contract Duration: 1,129 days
Daily Burn Rate: $15.8K/day
Competition Type: NOT AVAILABLE FOR COMPETITION
Number of Offers Received: 1
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: 74 FOOT SUPPORT CRAFTS (74SC)
Place of Performance
Location: HONOLULU, HONOLULU County, HAWAII, 96813
State: Hawaii Government Spending
Plain-Language Summary
Department of Defense obligated $17.9 million to SYNERGY PARTNERS LLC for work described as: 74 FOOT SUPPORT CRAFTS (74SC) Key points: 1. Contract awarded to Synergy Partners LLC for $178.6 million. 2. The contract is for 74 Foot Support Crafts (74SC). 3. The contract was not available for competition. 4. The contract duration is 1129 days. 5. The contract is Firm Fixed Price.
Value Assessment
Rating: questionable
The contract value is $178.6 million for 74 support crafts. Without comparable contract data or a clear justification for the price, it is difficult to assess its value. The lack of competition further complicates a pricing assessment.
Cost Per Unit: N/A
Competition Analysis
Competition Level: limited
The contract is listed as 'NOT AVAILABLE FOR COMPETITION', indicating a limited competition approach. This significantly restricts price discovery and may lead to higher costs for taxpayers.
Taxpayer Impact: The lack of competition raises concerns about whether the government secured the best possible price for these support crafts, potentially impacting taxpayer funds.
Public Impact
Naval operations may be impacted by the availability and performance of these 74 support crafts. The significant investment could influence future shipbuilding and maintenance budgets. Synergy Partners LLC's role in this contract could affect its market position and future opportunities.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of competition
- Limited transparency on pricing justification
- Potential for cost overruns due to limited competition
Positive Signals
- Firm Fixed Price contract type can provide cost certainty if well-defined.
- Clear end date for contract performance.
Sector Analysis
This contract falls under the Boat Building sector, specifically for specialized support crafts. Spending benchmarks in this niche area are difficult to ascertain without more specific details on the craft's capabilities and intended use.
Small Business Impact
The data does not indicate whether small businesses were involved in this contract, either as prime contractors or subcontractors. Further investigation is needed to assess small business participation.
Oversight & Accountability
The 'NOT AVAILABLE FOR COMPETITION' status warrants close oversight to ensure the justification for limited competition is sound and that the pricing is fair and reasonable. Accountability for the contract's success rests with the Department of the Navy.
Related Government Programs
- Boat Building
- Department of Defense Contracting
- Department of the Navy Programs
Risk Flags
- Lack of competition
- Potential for inflated pricing
- Limited transparency on justification for limited competition
- Unclear value for money without benchmarks
Tags
boat-building, department-of-defense, hi, definitive-contract, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Defense awarded $17.9 million to SYNERGY PARTNERS LLC. 74 FOOT SUPPORT CRAFTS (74SC)
Who is the contractor on this award?
The obligated recipient is SYNERGY PARTNERS LLC.
Which agency awarded this contract?
Awarding agency: Department of Defense (Department of the Navy).
What is the total obligated amount?
The obligated amount is $17.9 million.
What is the period of performance?
Start: 2024-09-27. End: 2027-10-31.
What is the specific justification for limiting competition on this $178.6 million contract for 74 Foot Support Crafts?
The justification for limiting competition is crucial for understanding the necessity of this approach and its potential impact on cost. Without this information, it's difficult to determine if alternative, more competitive methods were explored or if unique circumstances truly necessitated a sole-source or limited-source award. This lack of transparency raises questions about the government's procurement strategy and potential value for taxpayer dollars.
How does the $178.6 million price compare to industry benchmarks for similar 74-foot support crafts, especially given the limited competition?
Assessing the price against industry benchmarks is challenging without detailed specifications of the 74 Foot Support Crafts. However, the absence of competition typically inflates prices. A thorough review would involve comparing the per-unit cost to similar vessels procured through competitive means, factoring in any unique requirements. If the price significantly exceeds benchmarks, it suggests a potential overpayment due to the procurement method.
What are the key performance metrics and expected effectiveness of these 74 Foot Support Crafts to justify the $178.6 million investment?
The effectiveness of the 74 Foot Support Crafts is paramount to justifying the $178.6 million investment. Key performance metrics should be clearly defined in the contract, such as speed, payload capacity, operational range, durability, and suitability for intended missions. Understanding these metrics and how Synergy Partners LLC is expected to meet them will determine the overall value and success of this procurement for the Department of the Navy.
Industry Classification
NAICS: Manufacturing › Ship and Boat Building › Boat Building
Product/Service Code: SHIPS, SMALL CRAFT, PONTOON, DOCKS
Competition & Pricing
Extent Competed: NOT AVAILABLE FOR COMPETITION
Solicitation Procedures: ONLY ONE SOURCE
Solicitation ID: N0002424R2222
Offers Received: 1
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 123 AHUI ST, HONOLULU, HI, 96813
Business Categories: 8(a) Program Participant, Category Business, Corporate Entity Not Tax Exempt, Limited Liability Corporation, Minority Owned Business, Native American Owned Business, Native Hawaiian Organization Owned Firm, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $20,821,010
Exercised Options: $17,862,720
Current Obligation: $17,862,720
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: YES
Timeline
Start Date: 2024-09-27
Current End Date: 2027-10-31
Potential End Date: 2028-10-31 00:00:00
Last Modified: 2025-09-17
More Contracts from Synergy Partners LLC
Other Department of Defense Contracts
- Federal Contract — $51.3B (Humana Government Business Inc)
- Lrip LOT 12 Advance Acquisition Contract — $35.1B (Lockheed Martin Corporation)
- SSN 802 and 803 Long Lead Time Material — $34.7B (Electric Boat Corporation)
- 200204!008532!1700!AF600 !naval AIR Systems Command !N0001902C3002 !A!N! !N! !20011026!20120430!008016958!008016958!834951691!n!lockheed Martin Corporation !lockheed Blvd !fort Worth !tx!76108!27000!439!48!fort Worth !tarrant !texas !+000026000000!n!n!018981928201!ac15!rdte/Aircraft-Eng/Manuf Develop !a1a!airframes and Spares !2ama!jast/Jsf !336411!E! !3! ! ! ! ! !99990909!B! ! !A! !a!n!r!2!002!n!1a!a!n!z! ! !N!C!N! ! ! !a!a!a!a!000!a!c!n! ! ! !Y! !N00019!0001! — $34.2B (Lockheed Martin Corporation)
- KC-X Modernization Program — $32.0B (THE Boeing Company)