Five Guam-based small businesses are being awarded a combined $240 million multiple award construction contract, the Naval Facilities Engineering Command Marianas announced Friday.
Twenty-nine contractors competed for the contract.
Fargo Pacific Inc., Modern International Inc., Pacific Rim Constructors, Reliable Builders Inc. and Serrano Construction and Development Corp. each is being being awarded a construction contract that allows them to compete for task orders under the terms and conditions of the $240 million bundled contract award.
"This award represents a win-win for the Navy and small business community on Guam," said NAVFAC Marianas Commanding Officer Capt. Dan Turner, in a press release. "Our acquisition professionals are very diligent in ensuring contracting opportunities are available to small businesses and today's award is a fine example of the success realized through their hard work."
The contract involves new construction, renovation, modernization, and routine repair and maintenance at various federal and military facilities and installations on Guam.
The contract spans five years, with an expected completion date of July 2023.
As part of the multiple award contract, Fargo Pacific is being awarded an initial task order of $4.4 million to repair and modernize the bachelors' enlisted quarters on the Navy base. Modernisation of the bachelors' quarters must be completed by September 2019.