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Department of Transportation Awarded a Contract to U STREET PARKING INC. for $1,855,385.94
Signed on
7/8/2019, 12:00 AM
U STREET PARKING INC. Government Contract #693JK419C500002
U STREET PARKING INC. was awarded a contract with the United States Government for $1,855,385.94. The contract was awarded by the agency office 693JK4 OST, which is a division with the Immediate Office of the Secretary of Transportation within the Department of Transportation.
Summary of Award
The US federal government awarded a definitive contract (ID: 81906814) to U Street Parking Inc. for the provision of parking garage management services. The total obligation for the contract is $1,853,735.94, with all options exercised. The contract was signed on July 8, 2019, and is set to run from August 1, 2019, to September 30, 2024, with a potential end date of September 30, 2024.
U Street Parking Inc. is a U.S.-owned business located in Washington, D.C. The company specializes in the operation of parking facilities and holds various business certifications, including being a Black American Owned Business, a DoT Certified Disadvantaged Business Enterprise, and a Small Business.
The contract falls under the Department of Transportation, specifically the Immediate Office of the Secretary of Transportation. The funding agency for the contract is also the Department of Transportation, with the awarding agency being the 693JK4 OST office.
The contract was awarded through a negotiated proposal/quote process, with full and open competition after the exclusion of sources. It was set aside for small businesses, specifically a Small Business Set Aside - Total. The product or service code for the contract is M1LZ, which corresponds to the operation of parking facilities, and the NAICS code is 812930 for parking lots and garages.
The contract is a firm-fixed-price contract and does not require a subcontracting plan. It is not part of a multi-year contract and is not consolidated with other contracts. The contract is for the operation of government-owned parking facilities and does not involve the use of construction wage rates or cost or pricing data.
In terms of financial details, the total account outlay for the contract is $1,825,735.94, with a total account obligation of $1,574,856.40. The contract is classified as a materials/supplies contract, and the entity is a U.S.-owned business.
Overall, the awarded contract between the US federal government and U Street Parking Inc. for parking garage management services is a significant agreement that will span over several years, providing essential services to the Department of Transportation.