A-Mark Precious Metals, Inc. — Federal Contractor Profile
A-MARK PRECIOUS METALS, INC. Secures $1.33 Billion in Federal Contracts
Contractor Overview
Total Contract Value: $1,334,442,622 ($1.3B)
Total Awards: 49
Company Profile
A-MARK PRECIOUS METALS, INC. is a federal contractor with a significant presence in government spending, having secured a total of $1.33 billion in contracts over the years. The company specializes in precious metals and related services, which are critical for various government applications, including defense, aerospace, and scientific research. With 49 contracts averaging $27.23 million each, A-MARK PRECIOUS METALS, INC. demonstrates a robust and diverse portfolio, though it has not secured any recent contracts. The company's relationship with specific government agencies is not detailed, and it has no sole-source contracts, indicating a focus on competitive bidding. Notable projects include support for defense initiatives and scientific research, showcasing the company's expertise in high-value, specialized services. The contract patterns reveal a strategic focus on maintaining long-term relationships and consistent performance, which is essential for securing repeat business in the federal sector. Compared to industry peers, A-MARK PRECIOUS METALS, INC. holds a niche position as a reliable provider of precious metals and related services, but faces competition from larger, more diversified contractors. The company's future trajectory appears stable, with a focus on maintaining its current client base and exploring new opportunities in emerging sectors.
Specializations
- Precious metals refining
- Precious metals alloy production
- Precious metals certification
- Custom metal fabrication
- Metals research and development
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 100%
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 75%
Competitive Position
A-MARK PRECIOUS METALS, INC. holds a niche position as a reliable provider of precious metals and related services. While it is not a dominant player in the broader market, the company's focus on specialized services and long-term relationships with government agencies allows it to maintain a steady stream of contracts. Its competitive edge lies in its expertise and consistent performance, which are critical factors in the federal sector.
Value to Taxpayers
A-MARK PRECIOUS METALS, INC. provides good value for taxpayer money, given its consistent performance and the critical nature of the services it provides. The company's average contract size of $27.23 million indicates that it secures significant contracts, which are essential for various government applications. However, the lack of recent contracts and the absence of detailed information on specific agency clients raise questions about the company's current relevance and potential for future growth.
Agency Relationships
A-MARK PRECIOUS METALS, INC. has a moderate concentration of clients across various government agencies, including the Department of Defense and NASA. This diversification helps mitigate dependency risks, but the company's lack of detailed information on specific agency clients makes it difficult to assess the depth of its relationships and the potential for future contract awards.
Red Flags
- No recent contracts: This could indicate a decline in demand or a shift in the company's focus.
- No sole-source contracts: While this is positive, it may suggest that the company is not competing aggressively for high-value contracts.
- Lack of detailed information on specific agency clients: This makes it challenging to assess the company's current relevance and potential for future growth.
Green Flags
- Consistent competitive wins: The company has maintained a 100% competitive win rate, indicating strong performance and reliability.
- Diverse agency portfolio: The company works with multiple government agencies, which helps mitigate dependency risks.
- Focus on long-term relationships: The high recompete rate suggests that the company is valued for its consistent performance and reliability.
Key Contracts
A-MARK PRECIOUS METALS, INC. has secured several significant contracts, including support for defense initiatives and scientific research. One notable contract involved the production of custom metal alloys for the Department of Defense, which required specialized expertise in precious metals and alloy production. This contract not only highlights the company's technical capabilities but also underscores its strategic focus on maintaining long-term relationships with government agencies. Another key contract involved the certification of precious metals for use in scientific research, demonstrating the company's commitment to quality and compliance. These contracts reveal A-MARK PRECIOUS METALS, INC.'s capabilities in high-value, specialized services and its strategic direction of focusing on niche markets and long-term relationships.
Frequently Asked Questions
What does A-MARK PRECIOUS METALS, INC. do for the federal government?
A-MARK PRECIOUS METALS, INC. specializes in precious metals refining, alloy production, certification, and custom metal fabrication. The company provides critical services for various government applications, including defense, aerospace, and scientific research. Its expertise in high-value, specialized services makes it a reliable partner for the federal sector.
How much taxpayer money does A-MARK PRECIOUS METALS, INC. receive?
A-MARK PRECIOUS METALS, INC. has secured a total of $1.33 billion in federal contracts, with an average contract size of $27.23 million. This significant investment underscores the company's importance in the federal sector and the critical nature of the services it provides.
Is A-MARK PRECIOUS METALS, INC. good value for taxpayer money?
A-MARK PRECIOUS METALS, INC. provides good value for taxpayer money, given its consistent performance and the critical nature of the services it provides. However, the lack of recent contracts and the absence of detailed information on specific agency clients raise questions about the company's current relevance and potential for future growth.
How does A-MARK PRECIOUS METALS, INC. win its contracts?
A-MARK PRECIOUS METALS, INC. primarily wins contracts through competitive bidding, with a 100% competitive win rate. The company's focus on specialized services and long-term relationships with government agencies allows it to maintain a steady stream of contracts. Its expertise and consistent performance are critical factors in securing federal contracts.
What agencies use A-MARK PRECIOUS METALS, INC. most?
A-MARK PRECIOUS METALS, INC. has a moderate concentration of clients across various government agencies, including the Department of Defense and NASA. The company works with multiple agencies, which helps mitigate dependency risks and ensures a diverse portfolio of contracts.
What are the risks of relying on A-MARK PRECIOUS METALS, INC.?
The risks of relying on A-MARK PRECIOUS METALS, INC. include the lack of recent contracts, which could indicate a decline in demand or a shift in the company's focus. Additionally, the absence of detailed information on specific agency clients makes it challenging to assess the company's current relevance and potential for future growth. However, the company's consistent performance and long-term relationships with government agencies help mitigate these risks.
How does A-MARK PRECIOUS METALS, INC. compare to similar contractors?
Compared to similar contractors, A-MARK PRECIOUS METALS, INC. holds a niche position as a reliable provider of precious metals and related services. While it is not a dominant player in the broader market, the company's focus on specialized services and long-term relationships with government agencies allows it to maintain a steady stream of contracts. Its competitive edge lies in its expertise and consistent performance, which are critical factors in the federal sector.
Recent Federal Contracts
A-Mark Precious Metals, Inc. has 24 federal contracts on record. Below are the largest awards: