SOCOM Awards $22.7M HEC Contract to Coakley & Williams Construction for Building Construction

Contract Overview

Contract Amount: $22,726,680 ($22.7M)

Contractor: Coakley & Williams Construction, Inc.

Awarding Agency: Department of Defense

Start Date: 2022-02-04

End Date: 2024-07-31

Contract Duration: 908 days

Daily Burn Rate: $25.0K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 7

Pricing Type: FIRM FIXED PRICE

Sector: Construction

Official Description: SOCOM MSF HEC

Place of Performance

Location: BETHESDA, MONTGOMERY County, MARYLAND, 20814

State: Maryland Government Spending

Plain-Language Summary

Department of Defense obligated $22.7 million to COAKLEY & WILLIAMS CONSTRUCTION, INC. for work described as: SOCOM MSF HEC Key points: 1. Contract awarded to Coakley & Williams Construction, Inc. for $22.7 million. 2. The contract falls under the Commercial and Institutional Building Construction NAICS code. 3. Full and open competition was utilized for this procurement. 4. The contract duration is 908 days, ending July 31, 2024. 5. The award was made by the Department of the Army for SOCOM MSF HEC.

Value Assessment

Rating: good

The contract value of $22.7 million appears reasonable for a large-scale construction project of this duration. Benchmarking against similar large institutional building contracts would provide further validation.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

Full and open competition was employed, suggesting a robust price discovery process. This method typically leads to competitive pricing as multiple bidders vie for the contract.

Taxpayer Impact: The use of full and open competition is generally beneficial for taxpayers, as it promotes market competition and can lead to cost savings.

Public Impact

Supports military construction and facility needs for SOCOM. Provides construction services within Maryland. Impacts the commercial and institutional building construction sector.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Positive Signals

Sector Analysis

This contract falls within the Commercial and Institutional Building Construction sector. Spending in this sector is significant, supporting infrastructure development for various government agencies.

Small Business Impact

The data indicates that this contract was not set aside for small businesses. Further analysis would be needed to determine if small businesses had an opportunity to participate as subcontractors.

Oversight & Accountability

The Department of the Army awarded this contract, implying oversight from this agency. The firm fixed price contract type can aid in cost control and accountability.

Related Government Programs

Risk Flags

Tags

commercial-and-institutional-building-co, department-of-defense, md, definitive-contract, 10m-plus

Frequently Asked Questions

What is this federal contract paying for?

Department of Defense awarded $22.7 million to COAKLEY & WILLIAMS CONSTRUCTION, INC.. SOCOM MSF HEC

Who is the contractor on this award?

The obligated recipient is COAKLEY & WILLIAMS CONSTRUCTION, INC..

Which agency awarded this contract?

Awarding agency: Department of Defense (Department of the Army).

What is the total obligated amount?

The obligated amount is $22.7 million.

What is the period of performance?

Start: 2022-02-04. End: 2024-07-31.

What specific facilities or improvements does the HEC project entail for SOCOM?

The provided data does not specify the exact nature of the 'HEC' project beyond it being related to Commercial and Institutional Building Construction. Further details would be required to understand the scope of work, such as whether it involves new construction, renovation, or specialized facility development for SOCOM's mission requirements.

How does the awarded price compare to industry benchmarks for similar construction projects?

Without specific project details (e.g., square footage, complexity, specific construction types), a precise comparison to industry benchmarks is challenging. However, the $22.7 million value for a nearly 2.5-year project suggests a substantial undertaking. A detailed cost breakdown and comparison with similar government or private sector projects of comparable scale and scope would be necessary for a thorough assessment.

What mechanisms are in place to ensure the quality and timely completion of this construction project?

As a firm fixed price contract, the contractor bears the primary risk for cost overruns, incentivizing efficient project management. The Department of the Army, as the awarding agency, will likely have contracting officers' representatives (CORs) and quality assurance personnel to monitor progress, adherence to specifications, and overall project quality throughout the 908-day duration.

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: W912DR21R0026

Offers Received: 7

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 7475 WISCONSIN AVENUE, SUITE 900, BETHESDA, MD, 20814

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, Subchapter S Corporation, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $22,726,680

Exercised Options: $22,726,680

Current Obligation: $22,726,680

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED

Cost or Pricing Data: NO

Timeline

Start Date: 2022-02-04

Current End Date: 2024-07-31

Potential End Date: 2024-07-31 00:00:00

Last Modified: 2025-12-10

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