Sdpm JFM Construcciones Joint Venture

Sdpm JFM Construcciones Joint Venture, a service-disabled veteran-owned small business joint venture based in Luquillo, Puerto Rico, delivers construction, design-build, alteration, and facility maintenance services to the Department of Veterans Affairs and the General Services Administration as a prime contractor operating exclusively under SDVOSB and Total Small Business set-asides. The vendor is also certified as a minority-owned and self-certified small disadvantaged business.

Customer concentration is extreme and narrow. The Department of Veterans Affairs Veterans Integrated Service Network 8 accounts for 100% of recent awards by count (58 awards, $408.3 million combined potential value) — effectively all operational work. This concentration masks a critical structural shift: the VA Technology Acquisition Center Austin holds two awards worth $700 million combined potential value, anchored by a $700 million multiple-award IDIQ for VISN 8 construction and maintenance services awarded August 5, 2026, which dwarfs the rest of the portfolio and skews the top-customers-by-potential-value ranking. The General Services Administration Public Buildings Service contributes two awards totaling $151.9 million, also dominated by a single contract — a $150 million multiple-award Caribbean construction and design-build IDIQ awarded December 10, 2025. Task order velocity under both IDIQs is low: the VISN 8 IDIQ (VA24812D0016) has generated 24 task orders totaling $32.1 million; the GSA Caribbean vehicle (36C24818D0109) has produced 10 task orders worth $9.3 million. The Army Installation Management Command Southeast Region and VA Office of Construction and Facilities Management round out the customer set with sub-million aggregate exposure.

Capability work is concrete and facility-focused. Representative recent prime work includes a $14.2 million definitive SDVOSB contract from VISN 8 (July 24, 2026) for a complete video surveillance system upgrade at VA Caribbean Healthcare System including license plate readers, facial recognition cameras, and advanced monitoring software; a $3.62 million SDVOSB contract (February 7, 2024) for patient lift replacement at South Bed Tower and Surgical Intensive Care Unit; a $3.28 million design-build contract (December 26, 2023) for heat machine installation on chilled and re-heat water systems; and a $1.95 million Total Small Business delivery order (September 17, 2026) from GSA for air-handling unit replacement at Jose V. Toledo FB & USCH in San Juan. Work falls under NAICS 236220 (Commercial and Institutional Building Construction) for 59 of 67 awards, with PSC concentration in hospital and administrative facility construction and repair (17 awards for office construction, 15 for hospital alteration, 9 for hospital construction). All work is firm fixed price and performed in Puerto Rico or the U.S. Virgin Islands.

Activity has been modest and episodic: one award in 2022, four in 2023, two in 2024, four in 2025, and five in 2026. The combined potential value across all 67 awards is $1.26 billion, but only $82.7 million (7%) is obligated, reflecting the vendor's heavy reliance on ceiling-value IDIQs with sparse task order conversion. Eight awards carrying $10 million in combined potential value reach ultimate completion inside the next twenty-four months. The vendor holds no subcontract work and operates entirely as a prime. The $700 million VA IDIQ runs through August 4, 2031; the $150 million GSA Caribbean vehicle expires February 10, 2027, creating a near-term recompete opportunity for competitors if the vendor does not sustain task order volume.