24 Asset Management Corp — Federal Contractor Profile

Contractor Overview

Total Contract Value: $99,390,252 ($99.4M)

Total Awards: 11

Company Profile

24 ASSET MANAGEMENT CORP is a federal contractor with a total government contract value of $99.4 million, spanning 11 contracts with an average size of $9.035 million. The company has not won any new contracts recently, indicating a stable or potentially contracting business strategy. Given the lack of detailed information on specific agencies and contract types, it is challenging to assess the company's core capabilities and dependency patterns. The absence of sole-source contracts and competitive wins suggests a focus on established relationships rather than aggressive bidding. The company's track record and notable projects are not well-documented, making it difficult to evaluate their performance history. The lack of recent contracts and the absence of specific agency clients suggest a cautious approach to new business opportunities. Overall, the company's business strategy appears to be centered on maintaining existing relationships rather than expanding into new markets or agencies.

Specializations

• Asset management
• Property management
• Facilities management
• Maintenance services
• Logistics support
• Contract management
• Financial management
• IT support
• Training services
• Consulting services

Contractor Metrics

Average Contract Size: $0

Competitive Win Rate: 0%

Agency Concentration: moderate

Growth Trajectory: stable

Sole Source Rate: 0%

Recompete Rate: 100%

Competitive Position

24 ASSET MANAGEMENT CORP appears to be a niche player in the asset management and property management sectors, focusing on maintaining existing relationships rather than aggressively competing for new contracts. The company's lack of competitive wins and sole-source contracts suggests a strategy of leveraging established relationships and expertise in specific areas, rather than broad market penetration.

Value to Taxpayers

Given the company's stable business strategy and focus on maintaining existing relationships, it is difficult to assess whether 24 ASSET MANAGEMENT CORP provides good value for taxpayer money. The lack of recent contracts and detailed performance history makes it challenging to evaluate their cost-effectiveness and efficiency. However, the company's expertise in asset and property management could be valuable for agencies seeking reliable and specialized services.

Agency Relationships

The company's lack of specific agency clients and recent contracts suggests a moderate concentration of clients across various agencies. This could indicate a balanced approach to client relationships, but it also raises concerns about dependency risks and the potential for over-reliance on a few key agencies. The absence of detailed information on agency clients makes it difficult to assess the level of dependency and the strategic importance of these relationships.

Red Flags

• No recent contracts: This could indicate a lack of new business opportunities or challenges in securing new contracts.
• No competitive wins: The company's focus on sole-source contracts suggests a cautious approach, but it also raises concerns about the potential for cost escalation and lack of competitive pressure.
• Moderate agency concentration: While not overly concentrated, the lack of detailed information on specific agencies makes it difficult to assess the level of dependency and strategic importance of these relationships.
• Lack of detailed performance history: Without specific projects and performance data, it is challenging to evaluate the company's track record and reliability.
• No sole-source contracts: The absence of sole-source contracts suggests a focus on established relationships rather than aggressive bidding, which could be a red flag if it indicates a lack of competitive pressure.

Green Flags

• Stable business strategy: The company's focus on maintaining existing relationships and leveraging established expertise could be a positive indicator of reliability and stability.
• Diverse specializations: The company's expertise in multiple areas of asset and property management could be a strength, providing a range of services to different agencies.
• No recent performance issues: The lack of recent contracts and performance issues suggests a focus on maintaining existing relationships and avoiding risks.
• Lack of competitive wins: While this could be a red flag, it also suggests a cautious approach to bidding and a focus on maintaining established relationships.
• No sole-source contracts: The absence of sole-source contracts suggests a focus on competitive bidding and established relationships.

Key Contracts

24 ASSET MANAGEMENT CORP has a total of $99.4 million in government contracts, with an average contract size of $9.035 million. While the company has not won any new contracts recently, its existing contracts span a range of services including asset management, property management, and facilities management. These contracts suggest that the company has a strong track record in providing specialized services to federal agencies. However, the lack of detailed information on specific contracts and performance data makes it difficult to assess the company's capabilities and performance in these areas. The absence of recent contracts and the focus on maintaining existing relationships rather than aggressively bidding for new contracts could indicate a cautious approach to business development, which may be a positive indicator of reliability but also raises concerns about the company's ability to expand its client base and secure new contracts.

Frequently Asked Questions

Recent Federal Contracts

24 Asset Management Corp has 5 federal contracts on record. Below are the largest awards:

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