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Department of Commerce Awarded a Contract to SEA VENTURES INC for $6,500,000.00
Signed on
9/5/2024, 12:00 AM
SEA VENTURES INC Government Contract #1305M324P0436
SEA VENTURES INC was awarded a contract with the United States Government for $6,500,000.00. The contract was awarded by the agency office DEPT OF COMMERCE NOAA, which is a division with the National Oceanic and Atmospheric Administration within the Department of Commerce.
Summary of Award
The dataset extracted from usaspending.gov delineates a detailed overview of a contract awarded to SEA VENTURES INC by the U.S. federal government, aimed at supporting vessel, dive, scientific, and coral reef restoration activities. This extensive contract, in the form of a purchase order, involves the Department of Commerce, particularly the National Oceanic and Atmospheric Administration (NOAA), and spans a significant financial and operational scope meant to enhance environmental and maritime services.
### Award Overview
The primary award, identified with ID 174731100, was affixed with the unique award number PRESENTCONT_AWD_1305M324P0436_1330_-NONE-_-NONE-. The contract was signed on September 5, 2024, and encompasses obligations amounting to $1,176,777.45, with exercised options totaling $2,102,947.36 out of a possible maximum of $6,500,000, assuming all options are eventually utilized. While no subawards were recorded, the contract is categorized as a "Purchase Order" under award type “B”.
The award, aimed at environmental enhancement, is designated under the product or service code "F999", corresponding to other environmental services, with a specific focus on activities related to water transportation — particularly through the North American Industry Classification System (NAICS) code 488390.
### Agency Involvement
Both the funding and awarding responsibilities are held by the Department of Commerce, with the NOAA functioning as the direct sub-agency. Within NOAA, the office handling the specifics of the contract is the National Marine Fisheries Service, which is committed to the advancement of marine environments, often collaborating in projects tied to ecological and coral reef restoration.
### Recipient Details
SEA VENTURES INC, the recipient of this contract, is positioned in Fajardo, Puerto Rico. The entity is classified under several business categories including a corporate entity not tax-exempt, a self-certified small disadvantaged business, and a veteran-owned enterprise. Furthermore, it is identified as a small business, a designation that signifies its alignment with specific procurement advantages, including set-asides for small businesses undertaken through SBA (Small Business Administration) programs.
The physical and business operations are rooted in Fajardo, PR, suggesting a localized expertise and investment in nearby marine and coral ecosystems essential for such restorative projects.
### Place of Performance
The contractual engagements are set to occur within Fajardo, with the place of performance aligning with both the recipient’s location and the site expected to benefit from the executed services. This indicates targeted project executions within the surrounding marine landscapes of Puerto Rico.
### Transaction Details
The accompanying transactions provide a chronological track of financial disbursements tied to the award, emphasizing specific fiscal actions:
1. **Initial Obligation (September 5, 2024)**: The contract was inaugurated with a principal transaction of $689,133.33 upon signing, establishing the financial groundwork for the project launch.
2. **Significant Disbursement (January 10, 2025)**: A further allocation of $487,644.12 was executed, indicating progressive activity and enhanced financial commitment to ongoing operations.
3. **Subsequent Allocation (February 5, 2025)**: A modification labeled "P25002" was recorded, although with a transaction amount of $0. This suggests potential administrative updates or contractual confirmations rather than monetary disbursements.
4. **Latest Disbursement (April 10, 2025)**: An additional transaction of $98,039.22 took place, likely facilitating continued execution of deliverables and ensuring sustainable project momentum.
### Supporting and Competitive Framework
This purchase order underwent a competitive solicitation process, receiving four offers under the Simplified Acquisition Procedures (SP1), prominently highlighting the engagement’s openness within specified small business set-asides. This procedural choice ensures competitive pricing and quality service delivery aimed at effectively enhancing the targeted maritime ecological support services.
### Contractual Policies and Compliance
Several compliance elements stand out in the award details:
- **Labor Standards**: Affirmative adherence to labor standards was confirmed.
- **Clinger Cohen Act Planning**: Apportionments under this contract description cite non-applicability.
- **Purchase Card Utilization**: This contract is not eligible for purchasing card payment methods.
- **Contract Pricing**: Set under ‘Time and Materials’, the financial structuring reflects an adaptable cost basis responsive to material and labor requirements inherent in the service execution.
### Conclusion
In summary, the contract highlights SEA VENTURES INC's substantial engagement with NOAA under the Department of Commerce, targeting crucial ecological and marine restoration services in Puerto Rico. The transaction trajectory, agency collaboration, and methodical financial breakdown collectively illustrate an intricate and promising federal investment into environmental stewardship. Such endeavors reiterate the U.S. government's commitment to marine and applied ecological sustainability through strategic economic partnerships and specialized maritime services.
Contract Details
Agency Details
Recipient Details
Comments
Award Transactions
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $98,039.22 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $0.00 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $487,644.12 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $689,133.33 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $97,283.75 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $98,039.22 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $0.00 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $487,644.12 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $689,133.33 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $222,283.75 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $97,283.75 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $98,039.22 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $0.00 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $487,644.12 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $689,133.33 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $0.00 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $162,194.09 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $-136,197.61 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $222,283.75 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $97,283.75 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $98,039.22 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $0.00 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $487,644.12 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $689,133.33 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $-472,376.21 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $156,862.75 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $0.00 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $162,194.09 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $-136,197.61 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $222,283.75 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $97,283.75 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $98,039.22 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $0.00 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
This payment could indicate a change to the existing contract.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $487,644.12 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.
National Oceanic and Atmospheric Administration, a sub agency of Department of Commerce, issued a payment of $689,133.33 to SEA VENTURES INC. The payment included a Subsidy Cost of $0.00.