The Smart Ship Repair Act of 2024 aims to improve fairness and transparency in how the Navy awards contracts for ship maintenance and repair work. The bill changes the definition of "short-term work" from 10 months to 18 months, which affects how the Navy can assign vessel repair projects. Additionally, the bill requires the Secretary of the Navy to commission an independent study by September 2025 examining whether the price differentials the Navy uses in repair contracts accurately reflect true market value, including differentials related to government-owned dry docks and port location charges. The Secretary must also report to Congress by March 2025 on the Navy's policy for seeking bids from shipyards across the entire U.S. coast for repairs lasting longer than 10 months, including an assessment of how the Navy estimates costs related to moving vessels from their home ports. The legislation affects Navy procurement practices and the shipyard industry that competes for Navy contracts.
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