DoD Awards $44.2M Industrial Building Construction Contract to Walsh Federal LLC
Contract Overview
Contract Amount: $44,199,182 ($44.2M)
Contractor: Walsh Federal LLC
Awarding Agency: Department of Defense
Start Date: 2020-07-31
End Date: 2023-10-12
Contract Duration: 1,168 days
Daily Burn Rate: $37.8K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 6
Pricing Type: FIRM FIXED PRICE
Sector: Construction
Official Description: P-204 BASE PRICE&BID OPTIONS 1-3, 5
Place of Performance
Location: CHERRY POINT, CRAVEN County, NORTH CAROLINA, 28533
Plain-Language Summary
Department of Defense obligated $44.2 million to WALSH FEDERAL LLC for work described as: P-204 BASE PRICE&BID OPTIONS 1-3, 5 Key points: 1. Contract awarded to Walsh Federal LLC for industrial building construction. 2. Full and open competition was utilized for this award. 3. The contract has a duration of 1168 days. 4. The base price is $44.2 million, with potential for bid options. 5. The contract is firm fixed price.
Value Assessment
Rating: good
The base price of $44.2 million appears reasonable for a large-scale industrial building construction project of this duration. Benchmarking against similar large construction contracts would provide a more definitive assessment.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, suggesting a robust price discovery process. This method typically leads to competitive pricing as multiple bidders vie for the contract.
Taxpayer Impact: Taxpayer funds are being utilized efficiently through a competitive bidding process, aiming to secure the best value for the construction services.
Public Impact
Supports military readiness and infrastructure development. Provides construction jobs and economic activity in North Carolina. Ensures modern facilities for Department of the Navy operations.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Potential cost overruns if bid options are exercised.
- Delays in construction impacting operational readiness.
Positive Signals
- Competitive award process.
- Firm fixed price contract limits cost uncertainty.
- Supports critical infrastructure needs.
Sector Analysis
This contract falls within the Industrial Building Construction sector, which is crucial for maintaining and upgrading military facilities. Spending in this sector can fluctuate based on infrastructure needs and modernization efforts.
Small Business Impact
The data indicates that small businesses were not directly awarded this contract, as it was awarded to Walsh Federal LLC. Further analysis would be needed to determine if small businesses participated as subcontractors.
Oversight & Accountability
The award was made under a definitive contract, suggesting established oversight mechanisms. The firm fixed price nature of the contract also provides a degree of cost control and accountability.
Related Government Programs
- Industrial Building Construction
- Department of Defense Contracting
- Department of the Navy Programs
Risk Flags
- Potential for scope creep with bid options.
- Construction project timelines can be subject to delays.
- Reliance on a single prime contractor for execution.
- Geographic concentration of work in North Carolina.
Tags
industrial-building-construction, department-of-defense, nc, definitive-contract, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Defense awarded $44.2 million to WALSH FEDERAL LLC. P-204 BASE PRICE&BID OPTIONS 1-3, 5
Who is the contractor on this award?
The obligated recipient is WALSH FEDERAL 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 $44.2 million.
What is the period of performance?
Start: 2020-07-31. End: 2023-10-12.
What is the estimated cost per square foot for this industrial building construction?
The provided data does not include the total square footage of the industrial building. Without this information, calculating a cost per square foot is not possible. This metric is crucial for comparing the efficiency of this project against industry benchmarks and other similar construction contracts.
What are the specific risks associated with the bid options 1-3 and 5?
The specific risks associated with bid options 1-3 and 5 are not detailed in the provided data. These options likely represent additional scope or features that could increase the total contract value and potentially introduce new risks related to complexity, integration, or unforeseen challenges during execution.
How does the duration of 1168 days compare to similar construction projects of this scale?
A duration of 1168 days (approximately 3.2 years) for a large industrial building construction project is substantial. While project complexity, site conditions, and scope significantly influence timelines, this duration warrants comparison with similar-sized projects to ensure efficiency and identify potential scheduling risks or optimizations.
Industry Classification
NAICS: Construction › Nonresidential Building Construction › Industrial Building Construction
Product/Service Code: CONSTRUCT OF STRUCTURES/FACILITIES › CONSTRUCTION OF BUILDINGS
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Solicitation ID: N4008520R0015
Offers Received: 6
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 929 W ADAMS ST, CHICAGO, IL, 60607
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Limited Liability Corporation, Not Designated a Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $44,199,182
Exercised Options: $44,199,182
Current Obligation: $44,199,182
Actual Outlays: $199,081
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: NO
Timeline
Start Date: 2020-07-31
Current End Date: 2023-10-12
Potential End Date: 2023-10-12 00:00:00
Last Modified: 2024-07-03
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