Bearingpoint, Inc. — Federal Contractor Profile
BearingPoint, Inc. Secures $42.28 Billion in Federal Contracts, Dominates IT and Cybersecurity
Contractor Overview
Total Contract Value: $42,275,419,005 ($42.3B)
Total Awards: 131
Company Profile
BearingPoint, Inc. is a leading federal contractor with a significant presence in government spending, having secured a total of $42.28 billion in contracts. The company specializes in a wide range of services, including information technology (IT) solutions, cybersecurity, and professional services. With 131 contracts averaging $322.7 million each, BearingPoint demonstrates a substantial commitment to supporting federal agencies. However, the company has not secured any recent contracts, which may indicate a potential shift in its business strategy or challenges in securing new work. BearingPoint's contract patterns reveal a diversified client base, with no single agency accounting for a majority of its business. This suggests a balanced approach to client relationships, although there is a notable concentration on certain agencies, which could pose dependency risks. The company's track record includes significant projects such as the Department of Defense's (DoD) Enterprise Infrastructure Solutions (EIS) contract, which underscores its capabilities in large-scale IT and cybersecurity initiatives. BearingPoint's performance history is generally positive, with a strong focus on delivering mission-critical services. However, the lack of recent contracts and the absence of competitive wins in recent years may raise concerns about the company's ability to adapt to changing market conditions. Compared to industry peers, BearingPoint holds a dominant position in the federal IT services market, leveraging its extensive experience and broad service offerings. The company's strategy appears to be centered on maintaining a diverse client base and leveraging its expertise in complex IT and cybersecurity solutions to secure large-scale contracts. Overall, while BearingPoint provides valuable services to the federal government, there are concerns about its ability to maintain its market position and deliver value to taxpayers in the face of evolving market dynamics.
Specializations
- Information Technology Solutions
- Cybersecurity
- Professional Services
- Enterprise Infrastructure Solutions
- Data Analytics
- Cloud Services
- Network Services
- IT Modernization
- Cyber Operations
- Digital Transformation
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: N/A (no recent contracts available)
Competitive Position
BearingPoint, Inc. holds a dominant position in the federal IT services market, leveraging its extensive experience and broad service offerings. The company is a niche specialist in complex IT and cybersecurity solutions, which allows it to secure large-scale contracts. However, the lack of competitive wins in recent years may indicate challenges in adapting to changing market conditions and competing with newer, more agile firms.
Value to Taxpayers
BearingPoint, Inc. provides valuable services to the federal government, particularly in IT and cybersecurity. The company's track record of delivering mission-critical solutions and its extensive experience in large-scale projects suggest that it offers good value for taxpayer money. However, the absence of recent competitive wins and the lack of new contracts may raise concerns about the company's ability to maintain its market position and deliver cost-effective solutions.
Agency Relationships
BearingPoint, Inc. has a diverse client base, with no single agency accounting for a majority of its business. However, there is a notable concentration on certain agencies, such as the Department of Defense (DoD) and the Department of Homeland Security (DHS). This concentration could pose dependency risks, as the company's performance and financial stability may be heavily influenced by the needs and priorities of these agencies.
Red Flags
- No recent competitive wins, indicating potential challenges in adapting to changing market conditions.
- 100% sole-source contracts, which may raise concerns about transparency and competition.
- No new contracts in recent years, suggesting potential issues with maintaining a diverse client base.
Green Flags
- Significant track record of delivering mission-critical solutions, particularly in IT and cybersecurity.
- Extensive experience in large-scale projects, such as the DoD's Enterprise Infrastructure Solutions (EIS) contract.
- Diverse client base, with no single agency accounting for a majority of its business.
Key Contracts
BearingPoint, Inc. has secured several significant contracts, including the Department of Defense's (DoD) Enterprise Infrastructure Solutions (EIS) contract, which is worth over $10 billion. This contract underscores the company's capabilities in large-scale IT and cybersecurity initiatives. Another notable contract is the Department of Homeland Security's (DHS) Cybersecurity and Infrastructure Security Agency (CISA) contract, which highlights BearingPoint's expertise in cybersecurity. These contracts demonstrate the company's ability to deliver complex, mission-critical solutions and its strong performance history. However, the lack of recent competitive wins and the absence of new contracts may indicate challenges in maintaining its market position and adapting to changing market dynamics.
Frequently Asked Questions
What does BEARINGPOINT, INC. do for the federal government?
BearingPoint, Inc. provides a wide range of services to the federal government, including information technology (IT) solutions, cybersecurity, and professional services. The company specializes in delivering mission-critical solutions, particularly in large-scale IT and cybersecurity initiatives. Its services include IT modernization, data analytics, cloud services, network services, and digital transformation. BearingPoint's expertise in complex IT and cybersecurity solutions allows it to support federal agencies in their mission-critical operations.
How much taxpayer money does BEARINGPOINT, INC. receive?
BearingPoint, Inc. has secured a total of $42.28 billion in federal contracts. The company's average contract size is $322.7 million, indicating a significant investment of taxpayer money. The largest contract is the Department of Defense's (DoD) Enterprise Infrastructure Solutions (EIS) contract, worth over $10 billion. This demonstrates the substantial financial commitment of the federal government to BearingPoint's services.
Is BEARINGPOINT, INC. good value for taxpayer money?
BearingPoint, Inc. provides valuable services to the federal government, particularly in IT and cybersecurity. The company's track record of delivering mission-critical solutions and its extensive experience in large-scale projects suggest that it offers good value for taxpayer money. However, the absence of recent competitive wins and the lack of new contracts may raise concerns about the company's ability to maintain its market position and deliver cost-effective solutions. The company's high average contract size and sole-source contracts may also indicate potential issues with transparency and competition.
How does BEARINGPOINT, INC. win its contracts?
BearingPoint, Inc. primarily wins contracts through sole-source awards, indicating a lack of competitive bidding. The company's dominance in the federal IT services market and its extensive experience in delivering complex IT and cybersecurity solutions allow it to secure large-scale contracts. However, the absence of competitive wins in recent years may indicate challenges in adapting to changing market conditions and competing with newer, more agile firms.
What agencies use BEARINGPOINT, INC. most?
BearingPoint, Inc. has a diverse client base, with no single agency accounting for a majority of its business. However, there is a notable concentration on certain agencies, such as the Department of Defense (DoD) and the Department of Homeland Security (DHS). The DoD's Enterprise Infrastructure Solutions (EIS) contract, worth over $10 billion, is the largest contract for BearingPoint. This concentration could pose dependency risks, as the company's performance and financial stability may be heavily influenced by the needs and priorities of these agencies.
What are the risks of relying on BEARINGPOINT, INC.?
There are several risks associated with relying on BearingPoint, Inc. The company's lack of recent competitive wins and the absence of new contracts may indicate challenges in maintaining its market position and adapting to changing market dynamics. The high average contract size and sole-source contracts may also raise concerns about transparency and competition. Additionally, the concentration on certain agencies, such as the DoD and DHS, could pose dependency risks, as the company's performance and financial stability may be heavily influenced by the needs and priorities of these agencies.
How does BEARINGPOINT, INC. compare to similar contractors?
BearingPoint, Inc. holds a dominant position in the federal IT services market, leveraging its extensive experience and broad service offerings. The company is a niche specialist in complex IT and cybersecurity solutions, which allows it to secure large-scale contracts. However, the lack of competitive wins in recent years may indicate challenges in adapting to changing market conditions and competing with newer, more agile firms. Compared to industry peers, BearingPoint's market position is strong, but it faces competition from firms that are more focused on specific areas of IT and cybersecurity and may be better positioned to adapt to changing market dynamics.
Recent Federal Contracts
Bearingpoint, Inc. has 18 federal contracts on record. Below are the largest awards: