Department of Homeland Security Awarded a Contract to SIGNET MARITIME CORP for $625,165.88

Summary of Award

**Summary**

The contract awarded to Signet Maritime Corp by the U.S. Coast Guard under the Department of Homeland Security focuses on non-nuclear ship repair related to the USCGC SAWFISH. This definitive contract, identified by the award ID 70Z08023CPBPL0007, encompasses necessary drydock repairs for the fiscal year 2023. The contract is characterized primarily by its nature as a "Firm Fixed Price" agreement, with a total obligation amounting to $619,279.63 and the potential full value, including all options, reaching $625,165.88.

**Recipient Agency and Purpose** The U.S. Coast Guard, which operates under the overarching Department of Homeland Security (DHS), is both the funding and the awarding agency for this contract. Based in Houston, Texas, Signet Maritime Corp holds the responsibility for performing the necessary repairs and maintenance to the USCGC SAWFISH. The award emphasizes the strategic role played by small businesses in federal contracting, as the contract is set aside for small businesses under the Small Business Administration (SBA) parameters. **Transactions Overview** A thorough examination of the transactions associated with this contract reveals a few distinct activities. The primary transaction action date spans from February 14, 2023, to April 10, 2025, highlighting both the inception and a later modification of the contract: 1. **Initial Contract Signing (February 14, 2023):** - The contract was officially awarded on this date with the primary transaction amount totaling $575,976.68. This transaction laid the groundwork for the definitive engagement between the U.S. government and Signet Maritime Corp for delivering specified drydock repairs. This initial agreement emphasizes the sizeable financial commitment made to maintain critical coast guard infrastructure. 2. **Subsequent Modifications:** - Several modifications were noted, including Mod P00002, which involved an additional transaction amount of $43,302.95. This modification reflects an adjustment to the contract terms, likely addressing specific adjustments or additional repair needs which were identified post the original agreement. 3. **Further Transaction Adjustments (April 10, 2025):** - Another transaction noted in 2025, marked by Modification P00004, registered a transaction amount of $0. While no financial adjustment took place, this entry suggests contractual administrative updates or extensions pertinent to maintaining compliance or extending support. **Recipient Details** Signet Maritime Corp, a Houston-based entity, is recognized as a U.S.-owned small business, contributing vital services within the realm of shipbuilding and repairing, specifically classified under NAICS code 336611. With further designations highlighting its status as a veteran-owned and Subchapter S Corporation entity, Signet Maritime exemplifies the participation of diversified business interests in governmental contracts. The company's operation aligns with maintaining and enhancing maritime assets, crucial for ongoing USCG operations. The categorization under "Corporate Entity Not Tax Exempt" further positions it in the private sector, underscoring its competitiveness and the economic impact of utilizing domestic small businesses for federal operations. **Contract and Performance** The period of performance extended from late February 2023, proceeding through early May of the same year, entails a well-defined window during which Signet Maritime Corp was expected to complete the outlined drydock repairs. Pascagoula, Mississippi, served as the primary location for the contract execution, an area known for its established shipbuilding and repair activities, which supports the logistical and operational requirements of such contracts. **Contractual Framework and Products/Services** Under the performance-based contract pricing, identified as product or service code J998, the award emphasizes non-nuclear ship repair, specifically targeting the eastern region. The hierarchical framework identified within the PSC (Product and Service Codes) highlights a focus on maintenance, repair, and rebuilding of equipment, central to ensuring that critical maritime vessels remain operational. The approach to utilizing a "Firm Fixed Price" contract supports budget stability and predictable expenditure for the U.S. Treasury, showcasing prudent fiscal management in government procurement. Furthermore, the straightforward competitive nature under "Simplified Acquisition Procedures" (SAP) reflects efficient contract procurement compliant with federal regulations. **Conclusion** In summary, the awarded contract to Signet Maritime Corp serves as a robust example of the U.S. federal government's commitment to infrastructure maintenance through strategic partnerships with small businesses. The adjustments and modifications along the contract's lifecycle illustrate a dynamic response to evolving logistical needs. This definitive contract underscores the importance of reliable maritime infrastructure, strategic fiscal planning, and support for domestic business entities within the federal contracting ecosystem.