VA Healthcare & Services Contracts — February 27, 2026

VES achieved 100% outlay on $94M MDE contract; Victor 12 hit 81% ($55M/$67M) on training BPA, demonstrating revenue reliability.

ConEd's $84M obligation has $116M potential upside to $200M total via options, in non-competitive structure favoring incumbents.

Firm-fixed-price terms across all contracts expose providers to cost overruns; ConEd shows $0 outlay after 3+ years.

Short-term (VES 1-year ended 2023) and task-order dependent (Victor 12 BPA) structures risk non-renewal without follow-ons.

Follow-on potential post-full execution: VES $94M track record in open MDE competition; Victor 12 veteran-owned alignment for extensions to 2027.

ConEd $116M unexercised options in non-competitive utilities, plus Victor 12's $17M remaining ceiling.

100% of contracts are firm-fixed-price under full/open competition (2/3) or non-competitive (1/3), blending medical evals, training, and utilities.

High outlays in services (avg 90% for VES/Victor 12) contrast with 0% for utilities, amid varying durations (1yr to 5yr).

{"entity"=>"Veterans Evaluation Services, Inc.", "reason"=>"Full $94M execution positions for MDE follow-ons in open competition.", "trigger"=>"New VA 36C10X solicitations >$50M"}

{"entity"=>"Consolidated Edison Company of New York, Inc.", "reason"=>"$116M options unexercised after 3+ years; non-competitive edge.", "trigger"=>"Any outlay >$10M or option exercises"}

{"entity"=>"Victor 12, Inc.", "reason"=>"81% outlay as SDVOSB in training; $17M ceiling + 2027 extension potential.", "trigger"=>"BPA calls exceeding $70M total"}