Department of Homeland Security Awarded a Contract to SIGNET MARITIME CORP for $2,057,041.75

Summary of Award

The JSON data provides detailed insights into a government contract awarded by the U.S. Coast Guard, under the Department of Homeland Security (DHS), to Signet Maritime Corp. This contract, identified by the award ID "70Z08023CPBPL0016," is classified as a "DEFINITIVE CONTRACT," specifically focusing on repairs for the USCGC ISAAC MAYO vessel during the fiscal year 2023.

**Contract Overview**

The contract is worth $2,057,041.75, representing the total obligation committed for the repair services required for the USCGC ISAAC MAYO. This financial commitment encompasses both the base and all options that might be exercised, although, in this case, these figures are equal. The contract was officially signed on May 25, 2023, and execution began from June 13, 2023, extending to an anticipated completion date of September 19, 2023. This period reflects the timeframe allotted for Signet Maritime Corp to fulfill its obligations under the contract terms. **Awarding and Funding Agencies** Both the awarding and funding agencies are divisions within the Department of Homeland Security. Specifically, the U.S. Coast Guard, operating through the SFLC Procurement Branch 1, is the sub-agency responsible for managing the contract's execution and oversight. The U.S. Coast Guard's role in this contract underscores its essential mission support responsibilities, orchestrated through their Washington D.C. operations office. **Contract Details** The contract was awarded through a "SIMPLIFIED ACQUISITION" procedure as noted in the solicitation procedures description. This method typically indicates that the procurement was done through less rigorous procedures than open competition, often utilized for lower-value contracts or urgent requirements. The competition for this contract was "COMPETED UNDER SAP," meaning some standard competitive procedures were followed but streamlined. Five offers were received, indicating multiple vendors were considered before Signet Maritime Corp was selected. The contract was set aside for "SMALL BUSINESS," a designation suggesting that the opportunity was available exclusively to vendors meeting specific small business criteria. **Recipient Information** Signet Maritime Corp, the recipient of this contract, is a Houston, Texas-based company recognized as a small business and veteran-owned entity. They operate within the shipbuilding and repair sector, specifically classified under NAICS code 336611—Ship Building and Repairing. The company is categorized under multiple business classifications, including "Corporate Entity Not Tax Exempt" and "U.S.-Owned Business," highlighting its status as a domestic corporation with particular veteran ownership recognition. Signet Maritime Corp’s address is listed as 1300 Post Oak Blvd, Ste 600, Houston, Texas. **Product/Service Code and NAICS Details** The service procured under this contract falls into the Product or Service Code (PSC) "J998," which signifies Non-Nuclear Ship Repair (East), emphasizing regional specifics in the scope of work. The broader category under which this falls is "MAINT, REPAIR, REBUILD EQUIPMENT," illustrating the service nature of the contract. The corresponding NAICS code 336611 further anchors the type of work, focusing on ship and boat building, which is consistent with the contract's description involving ship repairs. **Transactions Overview** The data includes several transactions associated with this contract, each providing a snapshot of financial activities spanning various dates: 1. **Initial Award Transaction** – Occurred on May 25, 2023, with a significant transaction amount of $1,880,571.10. This represents the contract’s initial value evident from the start date issuance. 2. **Subsequent Modifications** – A series of modifications (Mods P00001 through P00006) reflect incremental transaction amounts, each modifying the contract terms, obligations, or reflecting additional funding as required for unforeseen repairs or adjusted service needs. These transactions, spread across 2023, vary from smaller amounts like $10,440 on August 29th to larger increments of $152,239.70 on August 31st, 2023. 3. **Mod P00006** issued on April 10, 2025, indicates a concluding phase with no additional transaction amount, likely representing a documentation or administrative milestone without financial implications. Each transaction's advancement reflects the contract's fluid nature, adjusting to the project's progression concerning the repairs executed on the USCGC ISAAC MAYO. **Conclusion** This awarded contract to Signet Maritime Corp underscores the U.S. Coast Guard's operational support initiatives under the DHS umbrella, exemplifying the federal investment in maintaining vital maritime assets. Through competitive yet simplified acquisition processes, a veteran-owned, small business was mobilized to enhance the operational readiness of the USCGC ISAAC MAYO. The structured management of transactions under this contract highlights rigorous oversight mechanisms to handle the public funds allocated for defense and security infrastructure maintenance, thereby ensuring fiscal responsibility while sustaining essential maritime readiness capabilities.