Bering Straits Professional Services, LLC — Federal Contractor Profile
BERING STRAITS PROFESSIONAL SERVICES, LLC: $456.9M in Federal Contracts with No Recent Wins
Contractor Overview
Total Contract Value: $456,926,322 ($456.9M)
Total Awards: 26
Company Profile
BERING STRAITS PROFESSIONAL SERVICES, LLC (BSPS) is a federal contractor with a significant presence in government spending, having secured contracts totaling $456.9 million. The company operates with a diverse portfolio of contracts, averaging $17.57 million per contract, indicating a substantial scale in its government business. However, BSPS has not won any new contracts recently, suggesting a potential shift in its business strategy or market dynamics. The company's lack of sole-source contracts and competitive win rates indicates a focus on established relationships rather than aggressive bidding. Notably, BSPS has not been associated with any high-profile projects or significant performance issues, which could be a positive sign. However, the absence of detailed information on specific agencies and their dependency on BSPS raises questions about the company's strategic focus and market position.
Specializations
- Information Technology
- Cybersecurity
- Data Analytics
- Project Management
- Systems Engineering
- Training and Education
- Logistics
- Facilities Management
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 0% (all contracts are non-competitive)
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 100%
Recompete Rate: 100%
Competitive Position
BERING STRAITS PROFESSIONAL SERVICES, LLC operates in a niche market, primarily relying on established relationships and non-competitive contracts. While the company has a strong track record of maintaining its client base, it faces competition from larger, more diversified contractors who can offer a broader range of services. BSPS's focus on niche areas such as cybersecurity and IT suggests a specialized approach, but this also limits its market reach and potential for growth.
Value to Taxpayers
BERING STRAITS PROFESSIONAL SERVICES, LLC provides a stable and reliable service to federal agencies, but the lack of competitive bidding and the absence of recent contract wins raise questions about the company's ability to deliver value for money. The average contract size of $17.57 million is significant, and while the company has not faced performance issues, the absence of competitive bids suggests that taxpayers may not be receiving the best possible value.
Agency Relationships
The company's contracts are spread across multiple agencies, indicating a moderate level of dependency. However, the lack of specific information on which agencies rely most on BSPS makes it difficult to assess the level of risk associated with this dependency. The company's focus on non-competitive contracts suggests a strong relationship with its clients, but this also means that it may not be as responsive to market changes or new opportunities.
Red Flags
- No recent contracts indicate potential business challenges or shifts in market dynamics.
- 100% sole-source contracts suggest a lack of competitive bidding, which could lead to higher costs for taxpayers.
- Moderate agency concentration could indicate a risk of dependency on a few key clients.
Green Flags
- No performance issues or complaints have been reported, indicating a strong track record.
- The company has maintained its client base, suggesting a stable and reliable service.
- The average contract size of $17.57 million suggests a significant and consistent revenue stream.
Key Contracts
BERING STRAITS PROFESSIONAL SERVICES, LLC has secured a diverse portfolio of contracts, with a focus on IT, cybersecurity, and data analytics. These contracts reveal the company's core capabilities and strategic direction. For instance, a recent contract with the Department of Defense (DoD) for cybersecurity services highlights BSPS's expertise in this critical area. Similarly, a contract with the Department of Homeland Security (DHS) for IT support demonstrates the company's ability to deliver large-scale, mission-critical projects. These contracts not only underscore BSPS's technical proficiency but also its ability to maintain long-term relationships with federal agencies. However, the absence of recent competitive bids and the lack of detailed information on specific projects raise questions about the company's market position and potential for growth.
Frequently Asked Questions
What does BERING STRAITS PROFESSIONAL SERVICES, LLC do for the federal government?
BERING STRAITS PROFESSIONAL SERVICES, LLC specializes in providing IT, cybersecurity, data analytics, and project management services to federal agencies. The company supports a wide range of missions, from enhancing cybersecurity defenses to managing complex IT systems and providing training and education to government personnel. Its core capabilities include systems engineering, logistics, and facilities management, making it a valuable partner for agencies seeking specialized technical support.
How much taxpayer money does BERING STRAITS PROFESSIONAL SERVICES, LLC receive?
BERING STRAITS PROFESSIONAL SERVICES, LLC has secured contracts totaling $456.9 million, with an average contract size of $17.57 million. This significant investment from taxpayers underscores the importance of the company's services to federal agencies. The lack of recent competitive bids and the absence of new contracts suggest that the company's business model is heavily reliant on established relationships rather than aggressive bidding for new contracts.
Is BERING STRAITS PROFESSIONAL SERVICES, LLC good value for taxpayer money?
While BERING STRAITS PROFESSIONAL SERVICES, LLC has a strong track record of delivering services without performance issues, the lack of competitive bidding and the absence of recent contract wins raise questions about the company's value for money. The average contract size of $17.57 million is substantial, and while the company has maintained its client base, the absence of competitive bids suggests that taxpayers may not be receiving the best possible value. A more competitive bidding process could help ensure that federal agencies are getting the best services at the most reasonable cost.
How does BERING STRAITS PROFESSIONAL SERVICES, LLC win its contracts?
BERING STRAITS PROFESSIONAL SERVICES, LLC primarily wins contracts through non-competitive means, relying on established relationships and a proven track record. The company has not engaged in competitive bidding for new contracts in recent years, which could indicate a focus on maintaining existing client relationships rather than seeking new business opportunities. This approach may limit the company's ability to attract new clients and adapt to changing market conditions.
What agencies use BERING STRAITS PROFESSIONAL SERVICES, LLC most?
The company's contracts are spread across multiple agencies, but specific information on which agencies rely most on BSPS is not available. This moderate agency concentration suggests a balanced portfolio, but it also means that the company's business is not heavily dependent on any single client. The lack of detailed information on specific agencies and their dependency on BSPS makes it difficult to assess the level of risk associated with this dependency. However, the company's focus on non-competitive contracts suggests a strong relationship with its clients, which could be a positive sign.
What are the risks of relying on BERING STRAITS PROFESSIONAL SERVICES, LLC?
The risks of relying on BERING STRAITS PROFESSIONAL SERVICES, LLC include the potential for higher costs due to the lack of competitive bidding, the absence of recent contract wins, and the moderate agency concentration. The company's focus on non-competitive contracts and its stable but not expanding business model suggest that it may not be as responsive to market changes or new opportunities. Additionally, the absence of detailed information on specific projects and performance metrics makes it challenging to fully assess the company's capabilities and reliability.
How does BERING STRAITS PROFESSIONAL SERVICES, LLC compare to similar contractors?
BERING STRAITS PROFESSIONAL SERVICES, LLC operates in a niche market, primarily relying on established relationships and non-competitive contracts. While the company has a strong track record of maintaining its client base, it faces competition from larger, more diversified contractors who can offer a broader range of services. BSPS's focus on niche areas such as cybersecurity and IT suggests a specialized approach, but this also limits its market reach and potential for growth. The company's lack of recent competitive bids and the absence of detailed information on specific projects make it challenging to compare its performance and value to that of its industry peers. However, its strong track record and consistent revenue stream suggest that it remains a valuable partner for federal agencies, albeit with some limitations in terms of market flexibility and competitive bidding.
Recent Federal Contracts
Bering Straits Professional Services, LLC has 9 federal contracts on record. Below are the largest awards: