Army awards $25.7M for steel plate, Weeks Marine Inc. secures contract
Contract Overview
Contract Amount: $25,698,888 ($25.7M)
Contractor: Weeks Marine Inc
Awarding Agency: Department of Defense
Start Date: 2011-03-18
End Date: 2012-10-12
Contract Duration: 574 days
Daily Burn Rate: $44.8K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 3
Pricing Type: FIRM FIXED PRICE
Sector: Construction
Official Description: STEELE PLATE PROCUREMENT, TAS 96 8862
Place of Performance
Location: JERSEY CITY, HUDSON County, NEW JERSEY, 07305
Plain-Language Summary
Department of Defense obligated $25.7 million to WEEKS MARINE INC for work described as: STEELE PLATE PROCUREMENT, TAS 96 8862 Key points: 1. Contract value of $25.7 million for steel plate procurement. 2. Awarded by the Department of the Army, part of the Department of Defense. 3. Utilized full and open competition, indicating a competitive bidding process. 4. Contract type is a definitive contract with a firm fixed price. 5. Duration of the contract is 574 days.
Value Assessment
Rating: good
The contract value of $25.7 million for steel plate procurement appears reasonable given the scope and duration. Benchmarking against similar heavy construction material contracts would provide further context.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The use of full and open competition suggests a robust price discovery process. This method allows multiple bidders to submit proposals, typically leading to more competitive pricing.
Taxpayer Impact: The firm fixed price structure protects taxpayers from cost overruns, while open competition aims to secure the best value.
Public Impact
Procurement of essential steel plates for construction projects. Supports infrastructure development and military readiness. Contract awarded to Weeks Marine Inc., a company with experience in marine construction.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of specific performance metrics in provided data.
- Potential for price fluctuations in raw materials impacting long-term value.
- Limited visibility into the specific end-use of the steel plates.
Positive Signals
- Competitive bidding process likely ensured fair pricing.
- Firm fixed price contract offers cost certainty.
- Award to an established company suggests reliability.
Sector Analysis
This contract falls under heavy and civil engineering construction, specifically the procurement of raw materials like steel plates. Spending in this sector is often tied to infrastructure projects and defense needs.
Small Business Impact
The provided data does not indicate any specific subcontracting goals or participation by small businesses in this contract. Further investigation would be needed to assess small business impact.
Oversight & Accountability
The contract was awarded by the Department of the Army, implying oversight from the Department of Defense. Standard procurement regulations and oversight mechanisms would apply.
Related Government Programs
- Other Heavy and Civil Engineering Construction
- Department of Defense Contracting
- Department of the Army Programs
Risk Flags
- Potential for raw material price volatility.
- Limited information on specific project requirements.
- No explicit mention of small business participation.
- Contract duration is substantial, requiring ongoing monitoring.
Tags
other-heavy-and-civil-engineering-constr, department-of-defense, nj, definitive-contract, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Defense awarded $25.7 million to WEEKS MARINE INC. STEELE PLATE PROCUREMENT, TAS 96 8862
Who is the contractor on this award?
The obligated recipient is WEEKS MARINE 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 $25.7 million.
What is the period of performance?
Start: 2011-03-18. End: 2012-10-12.
What was the specific end-use of the steel plates procured under this contract, and how did it align with Army's strategic objectives?
The steel plates were procured for heavy and civil engineering construction projects undertaken by the Department of the Army. While the exact projects are not detailed, such materials are typically used in building or reinforcing infrastructure critical for military operations, base development, or logistical support, thereby aligning with broader strategic objectives related to readiness and operational capability.
Were there any identified risks related to the quality or timely delivery of the steel plates, and how were they mitigated?
The provided data does not explicitly detail risks related to quality or delivery. However, standard government contracting practices for construction materials often include quality assurance clauses, inspection requirements, and performance bonds to mitigate such risks. The firm fixed price nature of the contract also incentivizes the contractor to manage delivery schedules effectively.
How does the awarded price of $25.7 million compare to industry benchmarks for similar steel plate procurements of this scale and specification?
Without specific details on the grade, thickness, and quantity of steel plates, a precise benchmark comparison is difficult. However, the contract value of $25.7 million for a 574-day definitive contract suggests a significant procurement. Industry benchmarks for large steel plate orders can vary widely based on market conditions and material specifications, necessitating a detailed cost analysis for a definitive comparison.
Industry Classification
NAICS: Construction › Other Heavy and Civil Engineering Construction › Other Heavy and Civil Engineering Construction
Product/Service Code: CONSTRUCT OF STRUCTURES/FACILITIES › CONSTRUCT NONBUILDING FACILITIES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: NEGOTIATED PROPOSAL/QUOTE
Solicitation ID: W912DS11R0001
Offers Received: 3
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 4 COMMERCE DR STE 2, CRANFORD, NJ, 07016
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $26,326,388
Exercised Options: $25,698,888
Current Obligation: $25,698,888
Contract Characteristics
Commercial Item: COMMERCIAL ITEM PROCEDURES NOT USED
Cost or Pricing Data: NO
Timeline
Start Date: 2011-03-18
Current End Date: 2012-10-12
Potential End Date: 2012-10-12 00:00:00
Last Modified: 2021-03-28
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