IRS Cincinnati Security Contract Awarded to Asset Protection & Security Services for $21.2M Over 5.7 Years
Contract Overview
Contract Amount: $21,209,291 ($21.2M)
Contractor: Asset Protection & Security Services, L.P.
Awarding Agency: Department of the Treasury
Start Date: 2004-07-01
End Date: 2010-02-28
Contract Duration: 2,068 days
Daily Burn Rate: $10.3K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 9
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: ARMED SECURITY GUARD SERVICES FOR CINCINNATI IRS CAMPUS, MONITORING & MOTORIZED PATROLS
Place of Performance
Location: COVINGTON, KENTON County, KENTUCKY, 41011
State: Kentucky Government Spending
Plain-Language Summary
Department of the Treasury obligated $21.2 million to ASSET PROTECTION & SECURITY SERVICES, L.P. for work described as: ARMED SECURITY GUARD SERVICES FOR CINCINNATI IRS CAMPUS, MONITORING & MOTORIZED PATROLS Key points: 1. Contract awarded to a single vendor, Asset Protection & Security Services, L.P. 2. The contract covers armed security guard services, monitoring, and motorized patrols. 3. Full and open competition was utilized for this procurement. 4. The total value of the contract is $21.2 million. 5. The contract duration is over 5.7 years.
Value Assessment
Rating: good
The contract's firm fixed price structure suggests predictable costs. Benchmarking against similar security contracts would provide a clearer picture of value, but the duration and scope indicate a substantial investment.
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. This method allows multiple vendors to bid, theoretically driving down costs and ensuring fair market pricing.
Taxpayer Impact: The competitive bidding process aims to secure the best possible price for taxpayers for essential security services.
Public Impact
Ensures the physical security of the Cincinnati IRS campus. Provides continuous monitoring and patrol services. Supports the operational integrity of a key federal facility.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Contract duration is lengthy, potentially leading to price increases if not managed.
- No explicit mention of small business participation.
Positive Signals
- Full and open competition utilized.
- Firm fixed price contract type.
Sector Analysis
This contract falls under security guard and patrol services, a common requirement for federal facilities. Spending in this sector is generally stable, driven by the need for physical security and asset protection.
Small Business Impact
The data indicates that this contract was not awarded to a small business. Further analysis would be needed to determine if small business participation was sought or achieved through subcontracting.
Oversight & Accountability
The use of full and open competition suggests a structured procurement process. Oversight would focus on contract performance, adherence to security protocols, and financial management.
Related Government Programs
- Security Guards and Patrol Services
- Department of the Treasury Contracting
- Internal Revenue Service Programs
Risk Flags
- Long contract duration
- No small business awardee indicated
- Potential for price creep over time if not managed
- Lack of detailed performance data in summary
Tags
security-guards-and-patrol-services, department-of-the-treasury, ky, dca, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of the Treasury awarded $21.2 million to ASSET PROTECTION & SECURITY SERVICES, L.P.. ARMED SECURITY GUARD SERVICES FOR CINCINNATI IRS CAMPUS, MONITORING & MOTORIZED PATROLS
Who is the contractor on this award?
The obligated recipient is ASSET PROTECTION & SECURITY SERVICES, L.P..
Which agency awarded this contract?
Awarding agency: Department of the Treasury (Internal Revenue Service).
What is the total obligated amount?
The obligated amount is $21.2 million.
What is the period of performance?
Start: 2004-07-01. End: 2010-02-28.
What was the average annual cost of this contract, and how does it compare to industry benchmarks for similar services?
The contract value of $21.2 million over approximately 5.7 years equates to an average annual cost of roughly $3.7 million. Comparing this to industry benchmarks for armed security services at federal facilities of similar size and scope would be necessary to assess its cost-effectiveness.
Were there any performance issues or contract modifications during the contract's lifespan that impacted cost or service delivery?
The provided data does not detail performance issues or modifications. A thorough review of contract performance reports, modification history, and any associated cost adjustments would be required to understand the full impact on value and effectiveness.
How effectively did the full and open competition process ensure competitive pricing for these essential security services?
While full and open competition is designed to foster competitive pricing, the actual effectiveness depends on the number and quality of bids received. Without bid data, it's difficult to definitively assess the price discovery achieved, though the method itself is a strong indicator of intent.
Industry Classification
NAICS: Administrative and Support and Waste Management and Remediation Services › Investigation and Security Services › Security Guards and Patrol Services
Product/Service Code: UTILITIES AND HOUSEKEEPING › HOUSEKEEPING SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Offers Received: 9
Pricing Type: FIRM FIXED PRICE (J)
Contractor Details
Address: 5502 BURNHAM DRIVE, CORPUS CHRISTI, TX, 27
Business Categories: 8(a) Program Participant, Category Business, Hispanic American Owned Business, Minority Owned Business, Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $21,209,291
Exercised Options: $21,209,291
Current Obligation: $21,209,291
Contract Characteristics
Cost or Pricing Data: NO
Timeline
Start Date: 2004-07-01
Current End Date: 2010-02-28
Potential End Date: 2010-02-28 00:00:00
Last Modified: 2012-12-03
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