DoD Awards $311.8M Contract for Ceiling Holders to Bath Iron Works, Raising Oversight Concerns

Contract Overview

Contract Amount: $311,801,315 ($311.8M)

Contractor: Bath Iron Works Corporation

Awarding Agency: Department of Defense

Start Date: 2024-08-01

End Date: 2026-07-31

Contract Duration: 729 days

Daily Burn Rate: $427.7K/day

Competition Type: NOT COMPETED

Number of Offers Received: 1

Pricing Type: COST PLUS AWARD FEE

Sector: Defense

Official Description: CEILING HOLDER

Place of Performance

Location: BATH, SAGADAHOC County, MAINE, 04530

State: Maine Government Spending

Plain-Language Summary

Department of Defense obligated $311.8 million to BATH IRON WORKS CORPORATION for work described as: CEILING HOLDER Key points: 1. Significant contract value of $311.8 million for ceiling holders. 2. Bath Iron Works Corporation, a major defense contractor, is the awardee. 3. The contract was not competed, raising questions about price discovery and value. 4. The sector is Ship Building and Repairing, indicating specialized industrial needs.

Value Assessment

Rating: questionable

The contract type is Cost Plus Award Fee, which can lead to higher costs if not managed carefully. Benchmarking is difficult without specific details on the ceiling holders' complexity and quantity.

Cost Per Unit: N/A

Competition Analysis

Competition Level: sole-source

The contract was not competed, indicating a sole-source or limited competition award. This limits price discovery and potentially leads to higher costs for the government.

Taxpayer Impact: The lack of competition for a substantial contract value may result in taxpayers paying more than necessary for these ceiling holders.

Public Impact

Taxpayers may be overpaying due to the lack of competitive bidding. The Department of Defense is procuring essential components for shipbuilding. The long contract duration of 729 days suggests a sustained need. The award to a large corporation raises questions about small business participation.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Positive Signals

Sector Analysis

This contract falls within the Ship Building and Repairing sector, which is characterized by large, complex projects and specialized industrial capabilities. Spending in this sector is often driven by national security needs and can involve significant investment.

Small Business Impact

The data indicates that small business participation was not a factor in this award (sb: false). Given the large contract value, there's a missed opportunity to support small businesses in the supply chain.

Oversight & Accountability

The 'NOT COMPETED' status and Cost Plus Award Fee structure warrant close oversight to ensure fair pricing and prevent cost overruns. The Department of the Navy must ensure robust performance monitoring.

Related Government Programs

Risk Flags

Tags

ship-building-and-repairing, department-of-defense, me, definitive-contract, 100m-plus

Frequently Asked Questions

What is this federal contract paying for?

Department of Defense awarded $311.8 million to BATH IRON WORKS CORPORATION. CEILING HOLDER

Who is the contractor on this award?

The obligated recipient is BATH IRON WORKS 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 $311.8 million.

What is the period of performance?

Start: 2024-08-01. End: 2026-07-31.

What is the specific nature and complexity of these 'ceiling holders' to justify a $311.8 million sole-source contract?

Without detailed specifications, it's difficult to ascertain the complexity. However, for such a significant sum, these ceiling holders likely involve highly specialized materials, stringent military-grade certifications, or integration into complex naval systems. Further justification from the DoD is needed to understand the unique requirements driving this non-competitive award and its necessity.

What are the potential cost risks associated with a Cost Plus Award Fee contract for non-competed items?

Cost Plus Award Fee contracts carry inherent risks of cost escalation, especially when competition is absent. The contractor is reimbursed for allowable costs plus an award fee based on performance. Without competitive pressure, there's less incentive for the contractor to minimize costs, and the government may end up paying a premium if oversight and performance metrics are not rigorously managed.

How effectively does this contract serve the Department of the Navy's shipbuilding needs given the procurement method?

While the contract ensures a supplier for ceiling holders, the sole-source nature raises questions about its overall effectiveness in achieving best value. The lack of competition suggests potential inefficiencies in the procurement process or a failure to identify alternative suppliers. This could impact the Navy's ability to secure components at optimal prices, potentially diverting funds from other critical shipbuilding requirements.

Industry Classification

NAICS: ManufacturingShip and Boat BuildingShip Building and Repairing

Product/Service Code: SHIPS, SMALL CRAFT, PONTOON, DOCKS

Competition & Pricing

Extent Competed: NOT COMPETED

Solicitation Procedures: ONLY ONE SOURCE

Solicitation ID: N0002424R4212

Offers Received: 1

Pricing Type: COST PLUS AWARD FEE (R)

Evaluated Preference: NONE

Contractor Details

Parent Company: Wico Limited

Address: 700 WASHINGTON ST, BATH, ME, 04530

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

Financial Breakdown

Contract Ceiling: $955,947,666

Exercised Options: $458,017,657

Current Obligation: $311,801,315

Actual Outlays: $3,997,843

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED

Cost or Pricing Data: NO

Timeline

Start Date: 2024-08-01

Current End Date: 2026-07-31

Potential End Date: 2029-07-31 00:00:00

Last Modified: 2026-01-15

More Contracts from Bath Iron Works Corporation

View all Bath Iron Works Corporation federal contracts →

Other Department of Defense Contracts

View all Department of Defense contracts →

Explore Related Government Spending