State Department Awards $17.7M Construction Contract to FRAMACO- EPIK- METIS F E M, JV

Contract Overview

Contract Amount: $17,749,994 ($17.7M)

Contractor: Framaco- Epik- Metis F E M, JV

Awarding Agency: Department of State

Start Date: 2005-09-29

End Date: 2013-03-21

Contract Duration: 2,730 days

Daily Burn Rate: $6.5K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 3

Pricing Type: FIRM FIXED PRICE

Sector: Construction

Official Description: CONSTRUCTION SERVICES

Plain-Language Summary

Department of State obligated $17.7 million to FRAMACO- EPIK- METIS F E M, JV for work described as: CONSTRUCTION SERVICES Key points: 1. Contract awarded for commercial and institutional building construction. 2. Full and open competition was utilized. 3. The contract duration was 2730 days. 4. No small business participation was noted.

Value Assessment

Rating: fair

The contract value of $17.7 million over approximately 7.5 years suggests a moderate annual spend. Benchmarking against similar large-scale construction projects would be necessary to assess if this pricing is competitive.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The use of full and open competition is a positive indicator for price discovery. However, without knowing the number of bids received or the bid spread, it's difficult to definitively assess the effectiveness of the competition in achieving the best value.

Taxpayer Impact: Taxpayer funds were used for a significant construction project awarded through a competitive process, aiming for value.

Public Impact

Construction services are essential for government infrastructure. Long-term contracts can provide stability but require careful monitoring. The absence of small business involvement may limit economic opportunities.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Positive Signals

Sector Analysis

This contract falls under the construction sector, specifically commercial and institutional building construction. Spending in this sector can vary significantly based on infrastructure needs and economic conditions.

Small Business Impact

The contract explicitly states no small business participation. This is a missed opportunity to support small businesses and could indicate a lack of outreach or specific requirements that favored larger firms.

Oversight & Accountability

The long duration of the contract necessitates robust oversight from the Department of State to ensure project milestones are met, quality is maintained, and costs remain within the agreed-upon fixed price.

Related Government Programs

Risk Flags

Tags

commercial-and-institutional-building-co, department-of-state, dca, 10m-plus

Frequently Asked Questions

What is this federal contract paying for?

Department of State awarded $17.7 million to FRAMACO- EPIK- METIS F E M, JV. CONSTRUCTION SERVICES

Who is the contractor on this award?

The obligated recipient is FRAMACO- EPIK- METIS F E M, JV.

Which agency awarded this contract?

Awarding agency: Department of State (Department of State).

What is the total obligated amount?

The obligated amount is $17.7 million.

What is the period of performance?

Start: 2005-09-29. End: 2013-03-21.

What was the total number of bids received under the full and open competition?

The provided data does not specify the number of bids received. Knowing this number is crucial for evaluating the true competitiveness of the procurement. A high number of bids generally suggests stronger competition and a greater likelihood of achieving a favorable price for the government.

Were there any specific performance metrics or quality assurance measures outlined in the contract?

The data does not detail specific performance metrics or quality assurance measures. For a long-term construction contract, these are vital to ensure the project meets standards and the government receives the intended value. Their absence raises concerns about accountability for project outcomes.

How does the final award price compare to the government's independent cost estimate?

The data does not include the government's independent cost estimate or the final award price relative to it. This comparison is a key indicator of whether the procurement process was successful in securing a fair and reasonable price for the construction services.

Industry Classification

NAICS: ConstructionNonresidential Building ConstructionCommercial and Institutional Building Construction

Product/Service Code: CONSTRUCT OF STRUCTURES/FACILITIESCONSTRUCTION OF BUILDINGS

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE

Solicitation ID: SALMEC05R0016

Offers Received: 3

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 800 WESTCHESTER AVENUE, RYE BROOK, NY, 16

Business Categories: Category Business, Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $17,749,994

Exercised Options: $17,749,994

Current Obligation: $17,749,994

Timeline

Start Date: 2005-09-29

Current End Date: 2013-03-21

Potential End Date: 2013-03-21 00:00:00

Last Modified: 2013-10-23

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