DoD's $16.5M Contract for Aircraft Parts: LB & B Associates Inc. Awarded Firm Fixed Price Contract
Contract Overview
Contract Amount: $16,510,167 ($16.5M)
Contractor: LB & B Associates Inc
Awarding Agency: Department of Defense
Start Date: 2002-05-01
End Date: 2012-08-16
Contract Duration: 3,760 days
Daily Burn Rate: $4.4K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 3
Pricing Type: FIRM FIXED PRICE
Sector: Defense
Place of Performance
Location: COLUMBIA, HOWARD County, MARYLAND, 21046
State: Maryland Government Spending
Plain-Language Summary
Department of Defense obligated $16.5 million to LB & B ASSOCIATES INC for work described as: Key points: 1. The contract value is substantial at $16.5 million. 2. LB & B Associates Inc. secured this award. 3. The contract was awarded under full and open competition. 4. This contract falls under 'Other Aircraft Parts and Auxiliary Equipment Manufacturing'.
Value Assessment
Rating: fair
The contract value of $16.5 million for 'Other Aircraft Parts and Auxiliary Equipment Manufacturing' needs further context to assess pricing against similar contracts. Without specific unit details or comparison data, a precise valuation is difficult.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded through full and open competition, suggesting a competitive bidding process. This method generally promotes price discovery and can lead to more favorable pricing for the government.
Taxpayer Impact: The use of full and open competition is positive for taxpayers, as it aims to secure the best value through market forces.
Public Impact
Ensures availability of critical aircraft parts for the Air Force. Supports a company in the aerospace manufacturing sector. The long duration of the contract (over 10 years) implies ongoing need and potential for sustained supply chain relationships.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Long contract duration may indicate potential for cost overruns if not managed effectively.
- Lack of specific performance metrics makes it hard to gauge efficiency.
- Small business participation is not indicated.
Positive Signals
- Awarded under full and open competition.
- Firm fixed price contract type limits cost risk for the government.
- Contract supports a critical defense need.
Sector Analysis
This contract is within the 'Other Aircraft Parts and Auxiliary Equipment Manufacturing' sector. Spending benchmarks for this specific sub-sector are not readily available, but it is a critical component of the broader aerospace and defense industry.
Small Business Impact
The data indicates that small business participation was not a factor in this award (ss: false, sb: false). Further analysis would be needed to determine if opportunities for small businesses were overlooked or if the nature of the requirement precluded their involvement.
Oversight & Accountability
The contract's long duration (over 10 years) necessitates robust oversight from the Department of Defense to ensure performance, adherence to terms, and value for money throughout its lifecycle. Regular performance reviews and audits would be crucial.
Related Government Programs
- Other Aircraft Parts and Auxiliary Equipment Manufacturing
- Department of Defense Contracting
- Department of the Air Force Programs
Risk Flags
- Long contract duration may lead to price escalation if not managed.
- Lack of specific performance metrics.
- No indication of small business involvement.
- Potential for obsolescence of parts over the contract's lifespan.
Tags
other-aircraft-parts-and-auxiliary-equip, department-of-defense, md, do, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Defense awarded $16.5 million to LB & B ASSOCIATES INC. See the official description on USAspending.
Who is the contractor on this award?
The obligated recipient is LB & B ASSOCIATES INC.
Which agency awarded this contract?
Awarding agency: Department of Defense (Department of the Air Force).
What is the total obligated amount?
The obligated amount is $16.5 million.
What is the period of performance?
Start: 2002-05-01. End: 2012-08-16.
What specific aircraft parts are covered under this contract, and how do their costs compare to market rates for similar components?
The contract covers 'Other Aircraft Parts and Auxiliary Equipment Manufacturing' without specifying exact components. A detailed breakdown of the parts and their associated costs is necessary to benchmark against market rates. Without this granular data, assessing the true value for money and identifying potential overpricing is challenging.
What are the key performance indicators (KPIs) for LB & B Associates Inc. under this contract, and how is their performance being monitored?
The provided data does not specify the key performance indicators (KPIs) or the monitoring mechanisms in place for this contract. Effective oversight requires clearly defined performance standards and regular assessments to ensure timely delivery, quality, and compliance with contract terms, mitigating risks associated with long-term agreements.
Given the firm fixed price structure, what mechanisms are in place to prevent potential scope creep or change orders that could inflate the total cost to the government?
While a firm fixed price contract generally limits cost risk, robust contract management is still essential. The Department of the Air Force must have stringent processes for evaluating any proposed changes, ensuring they are absolutely necessary and that any associated cost adjustments are thoroughly justified and negotiated to protect taxpayer interests.
Industry Classification
NAICS: Manufacturing › Aerospace Product and Parts Manufacturing › Other Aircraft Parts and Auxiliary Equipment Manufacturing
Product/Service Code: MAINT, REPAIR, REBUILD EQUIPMENT › MAINT, REPAIR, REBUILD OF EQUIPMENT
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Offers Received: 3
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 9891 BROKEN LAND PARKWAY,, COLUMBIA, MD, 03
Business Categories: Asian Pacific American Owned Business, Category Business, Minority Owned Business, Self-Certified Small Disadvantaged Business, Small Business, Small Disadvantaged Business, Special Designations, Woman Owned Business
Parent Contract
Parent Award PIID: F3365701D2079
IDV Type: IDC
Timeline
Start Date: 2002-05-01
Current End Date: 2012-08-16
Potential End Date: 2012-08-16 00:00:00
Last Modified: 2014-09-24
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