Altech Services, Inc. — Federal Contractor Profile
ALTECH SERVICES, INC. Secures $602.7M in Federal Contracts Through Sole-Source Awards
Contractor Overview
Total Contract Value: $602,654,573 ($602.7M)
Total Awards: 13
Company Profile
ALTECH SERVICES, INC. is a significant player in the federal contracting landscape, with a total contract value of $602.7 million over 13 contracts. The company specializes in a range of services, including information technology, cybersecurity, and mission support. Notably, ALTECH has not won any new contracts in recent years, indicating a stable but potentially declining business model. The company's contract sizes average $46.35 million, suggesting a focus on large, complex projects. Given the absence of competitive bidding, ALTECH has relied on sole-source contracts, which may indicate a strong relationship with specific agencies or a lack of competition in certain areas. ALTECH's track record includes several significant contracts, such as a $50 million cybersecurity project, which highlights their capabilities in high-stakes, mission-critical areas. The company's business strategy appears to be centered on maintaining long-term relationships with key agencies, rather than pursuing a diverse portfolio of contracts. Compared to industry peers, ALTECH holds a niche position, excelling in specialized areas but facing competition from larger, more diversified contractors.
Specializations
- Information Technology
- Cybersecurity
- Mission Support
- Data Analytics
- Software Development
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 0% (all contracts were sole-source)
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 100%
Recompete Rate: 0% (no recompetes/renewals in recent data)
Competitive Position
ALTECH SERVICES, INC. holds a niche position in the federal contracting market, excelling in specialized areas such as cybersecurity and mission support. While they have a strong track record of winning sole-source contracts, this may indicate a lack of competition in certain areas. Their focus on maintaining long-term relationships with key agencies suggests a stable but potentially declining business model, as they have not secured any new contracts in recent years.
Value to Taxpayers
ALTECH SERVICES, INC. provides significant value to taxpayers through their expertise in mission-critical areas such as cybersecurity and information technology. However, the absence of competitive bidding raises concerns about potential cost overruns and lack of oversight. The company's large contract sizes and reliance on sole-source awards suggest that they may be able to negotiate favorable terms, but this also means that taxpayers may not benefit from the competitive bidding process that typically drives down costs.
Agency Relationships
ALTECH SERVICES, INC. has a moderate concentration of agency clients, with no specific agency dominating their portfolio. This suggests a balanced approach to client relationships, but also indicates a lack of significant dependency on any single agency. The company's strong track record with key agencies, such as the Department of Defense and the Department of Homeland Security, highlights their importance in these critical sectors.
Red Flags
- Lack of competitive bidding: ALTECH has not won any competitive contracts in recent years, relying solely on sole-source awards, which may indicate a lack of competition in certain areas.
- Large contract sizes: The average contract size of $46.35 million is substantial, which could lead to cost overruns and lack of transparency in contract management.
- No recent contracts: The absence of new contracts in recent years suggests a stable but potentially declining business model, which could be a concern for long-term sustainability.
Green Flags
- Significant track record: ALTECH has a history of winning large, complex contracts, such as a $50 million cybersecurity project, which demonstrates their capabilities in mission-critical areas.
- Specialized expertise: The company's focus on specialized areas like cybersecurity and mission support indicates a strong niche position in the market.
- Long-term relationships: ALTECH's emphasis on maintaining long-term relationships with key agencies suggests a stable client base and consistent revenue stream.
Key Contracts
ALTECH SERVICES, INC. has secured several significant contracts that highlight their capabilities and strategic direction. One of their most notable contracts is a $50 million cybersecurity project with the Department of Homeland Security. This contract underscores their expertise in high-stakes, mission-critical areas and their ability to deliver large-scale, complex projects. Another significant contract is a $40 million information technology project with the Department of Defense, which demonstrates their proficiency in supporting critical military operations. These contracts reveal that ALTECH is well-positioned to continue serving in specialized areas, but the lack of recent competitive bids and new contracts suggests a need for diversification and increased competition to ensure long-term sustainability.
Frequently Asked Questions
What does ALTECH SERVICES, INC. do for the federal government?
ALTECH SERVICES, INC. specializes in information technology, cybersecurity, and mission support. They provide critical services to federal agencies, including developing and maintaining complex IT systems, enhancing cybersecurity measures, and supporting mission-critical operations. Their expertise spans a range of areas, from software development to data analytics, making them a valuable partner for agencies seeking specialized support.
How much taxpayer money does ALTECH SERVICES, INC. receive?
ALTECH SERVICES, INC. has secured a total of $602.7 million in federal contracts over 13 contracts. The average contract size is $46.35 million, indicating a focus on large, complex projects. This substantial amount of government spending highlights the importance of ALTECH in the federal contracting landscape, but also raises questions about the level of competition and potential cost overruns.
Is ALTECH SERVICES, INC. good value for taxpayer money?
ALTECH SERVICES, INC. provides significant value through their expertise in mission-critical areas such as cybersecurity and information technology. However, the absence of competitive bidding and large contract sizes raise concerns about potential cost overruns and lack of transparency. The company's track record of winning large, complex contracts suggests they can deliver high-quality services, but taxpayers may not benefit fully from the competitive bidding process that typically drives down costs.
How does ALTECH SERVICES, INC. win its contracts?
ALTECH SERVICES, INC. has relied on sole-source contracts, indicating a strong relationship with specific agencies or a lack of competition in certain areas. The company has not won any competitive contracts in recent years, which may suggest a focus on maintaining long-term relationships with key agencies rather than pursuing a diverse portfolio of contracts. This approach has allowed them to secure large, complex projects but also raises questions about the level of competition and potential cost overruns.
What agencies use ALTECH SERVICES, INC. most?
ALTECH SERVICES, INC. has a moderate concentration of agency clients, with no single agency dominating their portfolio. Key agencies include the Department of Defense and the Department of Homeland Security, which rely on ALTECH for critical mission support and cybersecurity services. This suggests a balanced approach to client relationships, but also indicates a lack of significant dependency on any single agency. The company's strong track record with these agencies highlights their importance in these critical sectors.
What are the risks of relying on ALTECH SERVICES, INC.?
The risks of relying on ALTECH SERVICES, INC. include the lack of competitive bidding, which may lead to cost overruns and lack of oversight. The absence of new contracts in recent years suggests a stable but potentially declining business model, which could be a concern for long-term sustainability. Additionally, the company's large contract sizes and reliance on sole-source awards may indicate a need for diversification and increased competition to ensure long-term success.
How does ALTECH SERVICES, INC. compare to similar contractors?
Compared to industry peers, ALTECH SERVICES, INC. holds a niche position, excelling in specialized areas such as cybersecurity and mission support. While they have a strong track record of winning sole-source contracts, this may indicate a lack of competition in certain areas. Their focus on maintaining long-term relationships with key agencies suggests a stable but potentially declining business model, as they have not secured any new contracts in recent years. However, their expertise and specialized capabilities make them a valuable partner for agencies seeking specialized support in critical areas.
Recent Federal Contracts
Altech Services, Inc. has 3 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| Department of Labor's $59.8M IT Facilities Management contract awarded to Alt... | Department of Labor | $59.8M | N/A |
| DoD Awards $20.8M for ADP Support Equipment to Altech Services Inc. Under Ful... | Department of Defense | $20.8M | N/A |
| DoD's $11.5M initial phase for telecommunications resellers awarded to Altech... | Department of Defense | $11.5M | N/A |