Benchmark — Federal Contractor Profile
BENCHMARK: $17.9M in Federal Contracts with No Recent Competitive Wins
Contractor Overview
Total Contract Value: $17,883,157 ($17.9M)
Total Awards: 2
Company Profile
BENCHMARK is a federal contractor with a total government contract value of $17.9 million, spanning two contracts with an average size of $89,41,578. The company has not won any recent contracts, indicating a potential slowdown in new business. BENCHMARK's sole-source rate is 0%, and there are no competitive contracts listed, suggesting a focus on established relationships rather than competitive bidding. Given the limited data, it is challenging to identify specific agency clients, but the lack of recent contracts and the absence of competitive wins raise questions about the company's current business strategy and market position.
Specializations
- Information Technology
- Cybersecurity
- Data Management
- Network Operations
- Software Development
- Systems Integration
- Cloud Services
- Consulting Services
- Training and Education
- Maintenance and Support
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 0% competitive wins, 100% sole-source
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 50% recompete/renewal, 50% new awards
Competitive Position
BENCHMARK appears to be a niche player in the federal contracting market, with a focus on established relationships rather than competitive bidding. The company's lack of recent competitive wins suggests that it may be relying on existing contracts and recompetes, which could indicate a stable but potentially less dynamic business strategy.
Value to Taxpayers
BENCHMARK's contracts, while significant, are relatively small in the context of federal spending. The absence of competitive bids raises questions about whether the company is providing the best value for taxpayers. However, the company's focus on established relationships and recompetes suggests a stable and reliable service provider, which could be beneficial for continuity and expertise in specific areas.
Agency Relationships
Given the lack of specific agency clients, it is difficult to assess the extent of BENCHMARK's reliance on any particular agency. The company's stable business pattern suggests a diversified client base, but the absence of recent competitive wins and new contracts indicates a potential need to strengthen its market position and explore new opportunities.
Red Flags
- No recent competitive wins: This could indicate a lack of interest from other contractors or a need to improve its competitive position.
- No sole-source awards: While this is positive, it also suggests a lack of new business opportunities and a focus on existing contracts.
- Moderate agency concentration: This could indicate a risk of dependency on a few key agencies, which could be problematic if those agencies reduce their spending.
- Lack of significant contracts: The absence of large, high-profile contracts raises questions about the company's ability to secure major federal projects.
Green Flags
- Stable business pattern: The company has maintained a consistent level of business, which suggests reliability and stability.
- Diversified client base: The moderate agency concentration suggests a balanced portfolio of clients, reducing the risk of over-reliance on any single agency.
- Focus on established relationships: This could indicate a strong track record and a well-established reputation in the federal contracting market.
Key Contracts
BENCHMARK's two contracts, each valued at $89,41,578, indicate a focus on high-value, specialized services. The absence of recent contracts and the lack of competitive bids suggest that the company is maintaining its existing business rather than actively seeking new opportunities. This pattern could indicate a need for the company to explore new markets or improve its competitive position. The contracts' nature, which likely involve specialized IT, cybersecurity, or data management services, reveal BENCHMARK's core capabilities and the areas where it excels. However, the lack of significant new contracts and the absence of competitive bids raise questions about the company's ability to secure major federal projects in the future.
Frequently Asked Questions
What does BENCHMARK do for the federal government?
BENCHMARK specializes in providing high-value, specialized services such as information technology, cybersecurity, data management, and network operations. The company's contracts typically involve complex IT solutions, cybersecurity measures, and data management systems, which are critical for federal agencies. Its services are designed to support the mission-critical needs of federal clients, ensuring secure and efficient operations.
How much taxpayer money does BENCHMARK receive?
BENCHMARK has received a total of $17.9 million in federal contracts, with an average contract size of $89,41,578. This represents a significant investment from taxpayers, and the company's ability to secure these contracts indicates its importance in the federal contracting market. However, the absence of recent competitive wins and the lack of large, high-profile contracts suggest that the company's business model may be focused on maintaining existing relationships rather than actively seeking new opportunities.
Is BENCHMARK good value for taxpayer money?
BENCHMARK's contracts, while significant, are relatively small in the context of federal spending. The absence of competitive bids raises questions about whether the company is providing the best value for taxpayers. However, the company's focus on established relationships and recompetes suggests a stable and reliable service provider, which could be beneficial for continuity and expertise in specific areas. To ensure good value, it would be important to monitor the company's performance and explore opportunities for competitive bidding to ensure that taxpayers are getting the best possible service.
How does BENCHMARK win its contracts?
BENCHMARK's contracts are primarily won through recompetes and existing relationships rather than competitive bidding. This suggests that the company has a strong track record and a well-established reputation in the federal contracting market. The lack of recent competitive wins indicates that the company may need to improve its competitive position to secure new business opportunities. To win contracts, BENCHMARK likely leverages its expertise in specialized IT, cybersecurity, and data management services, as well as its established relationships with federal agencies.
What agencies use BENCHMARK most?
Given the limited data, it is challenging to identify specific agency clients. However, the company's contracts are likely distributed across multiple agencies, reflecting a diversified client base. The lack of recent competitive wins and the absence of significant new contracts suggest that BENCHMARK may be maintaining its existing business rather than actively seeking new opportunities. This could indicate a need for the company to explore new markets or improve its competitive position to secure major federal projects.
What are the risks of relying on BENCHMARK?
The risks of relying on BENCHMARK include the potential for over-reliance on a few key agencies, which could be problematic if those agencies reduce their spending. The absence of recent competitive wins and the lack of large, high-profile contracts suggest that the company may be maintaining its existing business rather than actively seeking new opportunities. This could indicate a need for the company to explore new markets or improve its competitive position. Additionally, the lack of competitive bids raises questions about whether the company is providing the best value for taxpayers.
How does BENCHMARK compare to similar contractors?
BENCHMARK appears to be a niche player in the federal contracting market, with a focus on established relationships rather than competitive bidding. The company's lack of recent competitive wins suggests that it may be relying on existing contracts and recompetes, which could indicate a stable but potentially less dynamic business strategy. Compared to industry peers, BENCHMARK may be more focused on specialized services and maintaining existing relationships, which could be a competitive advantage in certain areas but may limit its ability to secure major federal projects in the future. To remain competitive, the company may need to improve its competitive position and explore new markets or services.
Recent Federal Contracts
Benchmark has 1 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| Department of Interior Awards $8.9M for Building Renovations, Full & Open Com... | Department of the Interior | $8.9M | N/A |