Versar-Wsp JV

Versar-Wsp JV, a joint venture between Versar, Inc. and WSP USA headquartered in Washington, D.C., delivers remedial investigation, feasibility study, remedial design, and site characterization services to the Environmental Protection Agency across regional offices as a full-and-open prime contractor with no set-aside designation. The joint venture operates exclusively as a prime on the EPA Remedial Acquisition Framework: Design and Engineering Services (RAF DES) multiple-award IDIQ, holding 24 of its 25 recent federal awards under that vehicle.

Customer concentration is stark and regionally distributed across EPA's ten regional offices, but dominated by a single site. EPA Region 3 anchors 100% of the combined potential value with three awards totaling $1.61 billion—a ceiling-value exposure driven by the Diamond Alkali Superfund site remedial design and engineering delivery order (awarded September 30, 2026, with a $2.7 million ceiling and performance extending through March 29, 2032). By contrast, EPA Region 7 leads by award count with ten delivery orders worth $12.5 million combined potential value, including work at the Riverfront Superfund Site focused feasibility study ($132,387) and the PCE Carriage Cleaners OU2 remedial investigation and feasibility study ($3.17 million). EPA Region 6 holds three awards totaling $12.7 million, including the Exide Baton Rouge remedial investigation and feasibility studies ($5.06 million, awarded December 16, 2025) and the Mid-South Wood Products supplemental remedial investigation and baseline human health risk assessment ($5.54 million, awarded December 13, 2023). EPA Region 4 manages six awards totaling $4.9 million, and EPA Region 5 holds one award for remedial design at Pike & Mulberry ($2.34 million, awarded September 30, 2022). Eleven awards with combined potential value $14.5 million reach ultimate completion within the next twenty-four months and face recompete exposure.

Service Contract Inventory data shows limited recent SCI-reportable invoicing: $1.4 million in FY2023 across 3.8 FTEs, with no recorded invoicing in FY2024 or FY2025, reflecting the capital-intensive, long-duration nature of Superfund design and engineering contracts. When invoiced, government-paid hourly rates on prime contracts ran from $139.23 per hour (10th percentile) to a median of $180.00 per hour, with senior labor reaching $370.83 per hour (90th percentile). The joint venture self-performs the vast majority of its work—subcontractors account for only 4% of contractor hours across prime contracts—and has engaged specialized environmental subcontractors including Geosyntec Consultants on complex remediation projects. All 25 awards cluster in remediation services (NAICS category) with 21 coded to Environmental Systems Protection/Environmental Remediation (PSC) and 3 to Architect and Engineering/General Management Engineering (PSC), reflecting the portfolio's tight specialization in Superfund site support.