DoD Awards $195M Firm Fixed Price Contract for Construction to Caddell Yates Joint Venture
Contract Overview
Contract Amount: $194,731,381 ($194.7M)
Contractor: Caddell Yates Joint Venture
Awarding Agency: Department of Defense
Start Date: 2008-09-15
End Date: 2012-06-29
Contract Duration: 1,383 days
Daily Burn Rate: $140.8K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 3
Pricing Type: FIRM FIXED PRICE
Sector: Construction
Official Description: BASE BID
Place of Performance
Location: CAMP LEJEUNE, ONSLOW County, NORTH CAROLINA, 28547
Plain-Language Summary
Department of Defense obligated $194.7 million to CADDELL YATES JOINT VENTURE for work described as: BASE BID Key points: 1. The contract value of $194.7M represents a significant investment in construction services. 2. Full and open competition was utilized, suggesting a competitive bidding process. 3. The firm fixed price contract type shifts risk to the contractor. 4. The project falls within the Commercial and Institutional Building Construction sector.
Value Assessment
Rating: good
The contract was awarded at a firm fixed price, which is a standard pricing structure for construction projects. Without specific cost breakdowns or benchmarks for similar projects, a precise value assessment is difficult, but the competitive nature of the award suggests a reasonable price was achieved.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, indicating that multiple bidders were likely considered. This method generally promotes price discovery and can lead to more competitive pricing for the government.
Taxpayer Impact: The use of full and open competition aims to ensure taxpayer dollars are spent efficiently by fostering a competitive environment among potential contractors.
Public Impact
This contract supports infrastructure development within the Department of Defense. The construction project likely creates jobs and stimulates economic activity in North Carolina. The firm fixed price contract ensures cost certainty for the government, protecting taxpayers from cost overruns.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of specific performance metrics or quality assurance details.
- Potential for contractor consolidation impacting future competition.
- Geographic concentration of work in North Carolina.
Positive Signals
- Awarded under full and open competition.
- Firm fixed price contract type provides cost certainty.
- Experienced contractor joint venture likely possesses necessary expertise.
Sector Analysis
The Commercial and Institutional Building Construction sector is a significant area of government spending, particularly for infrastructure and facilities. Benchmarks for similar projects would typically consider square footage, complexity, and location.
Small Business Impact
The data indicates that neither small business set-aside nor subcontracting goals were explicitly mentioned for this contract. Further investigation may be needed to determine the extent of small business participation.
Oversight & Accountability
Standard oversight mechanisms for DoD contracts would apply, including contract administration and performance monitoring. The firm fixed price nature may reduce the need for extensive cost oversight but requires diligent performance management.
Related Government Programs
- Commercial and Institutional Building Construction
- Department of Defense Contracting
- Department of the Navy Programs
Risk Flags
- Potential for cost overruns if change orders are not managed effectively.
- Limited visibility into small business participation.
- Dependence on a single joint venture for a large-scale project.
- Lack of detailed performance metrics in the provided data.
Tags
commercial-and-institutional-building-co, department-of-defense, nc, definitive-contract, 100m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Defense awarded $194.7 million to CADDELL YATES JOINT VENTURE. BASE BID
Who is the contractor on this award?
The obligated recipient is CADDELL YATES JOINT VENTURE.
Which agency awarded this contract?
Awarding agency: Department of Defense (Department of the Navy).
What is the total obligated amount?
The obligated amount is $194.7 million.
What is the period of performance?
Start: 2008-09-15. End: 2012-06-29.
What was the final cost compared to the initial bid, and were there any significant change orders?
The provided data shows the base bid amount. To assess the final value and identify potential cost growth, it would be necessary to review the contract's award modification history and any associated change orders. This would reveal if the final cost deviated from the initial $194.7M and the reasons for any such deviations, providing insight into cost control effectiveness.
What specific construction services were rendered, and how did they align with the Department of the Navy's strategic infrastructure needs?
The data categorizes the contract under 'Commercial and Institutional Building Construction' but lacks specific details on the type of facility or its purpose. Understanding the project's scope (e.g., barracks, administrative buildings, training facilities) is crucial to evaluating its alignment with the Navy's operational requirements and long-term infrastructure strategy.
Were there any performance issues or disputes during the contract period that impacted project delivery or cost?
The contract duration was 1383 days, and the data does not indicate any performance issues or disputes. However, a comprehensive review of contract performance reports, payment histories, and any contractor performance assessment reporting system (CPARS) data would be necessary to confirm satisfactory completion and identify any potential risks or challenges encountered.
Industry Classification
NAICS: Construction › Nonresidential Building Construction › Commercial and Institutional Building Construction
Product/Service Code: ARCHITECT/ENGINEER SERVICES › ARCH-ENG SVCS - CONSTRUCTION
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: ARCHITECT-ENGINEER FAR 6.102
Solicitation ID: N4008508R1404
Offers Received: 3
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 2700 LAGOON PARK DR, MONTGOMERY, AL, 36109
Business Categories: Category Business, Not Designated a Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $194,731,381
Exercised Options: $194,731,381
Current Obligation: $194,731,381
Contract Characteristics
Commercial Item: COMMERCIAL ITEM PROCEDURES NOT USED
Cost or Pricing Data: NO
Timeline
Start Date: 2008-09-15
Current End Date: 2012-06-29
Potential End Date: 2012-06-29 00:00:00
Last Modified: 2021-07-29
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