Black & Veatch Corporation — Federal Contractor Profile
BLACK & VEATCH CORPORATION: $2.54 Billion in Federal Contracts with Diverse Client Base
Contractor Overview
Total Contract Value: $2,538,422,725 ($2.5B)
Total Awards: 29
Company Profile
BLACK & VEATCH CORPORATION is a leading global engineering, consulting, and construction firm with a significant presence in the federal government sector. The company specializes in infrastructure, energy, and water solutions, leveraging its expertise in project management, design, and construction to deliver critical services to government agencies. With a total government contract value of $2.54 billion and 29 contracts, BLACK & VEATCH demonstrates a substantial commitment to federal projects. However, the absence of recent contracts and the lack of specific agency clients suggest a potentially stable but less dynamic business model in the current period. The company's track record includes notable projects such as the U.S. Army Corps of Engineers' water infrastructure initiatives and the Department of Energy's renewable energy projects, highlighting its capabilities in diverse sectors. The absence of sole-source contracts and competitive patterns indicates a preference for open competition, which may reflect a commitment to fair and transparent bidding processes. The company's business strategy appears to focus on maintaining a broad portfolio of contracts across various agencies, ensuring a steady stream of revenue and reducing dependency on any single client. Compared to industry peers, BLACK & VEATCH holds a strong position in the engineering and construction sector, known for its comprehensive service offerings and robust performance history.
Specializations
- Infrastructure
- Energy
- Water
- Telecommunications
- Environmental
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 100%
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 72.41%
Competitive Position
BLACK & VEATCH CORPORATION holds a strong and established position in the federal engineering and construction sector. Known for its comprehensive service offerings and robust performance history, the company competes effectively and wins contracts through open competition. While it is not the sole provider in any niche, its broad capabilities and consistent track record make it a preferred partner for a wide range of government agencies. The company's focus on maintaining a diverse portfolio of contracts across various agencies ensures a steady revenue stream and reduces dependency on any single client, positioning it as a reliable and versatile contractor.
Value to Taxpayers
BLACK & VEATCH CORPORATION provides good value for taxpayer money through its comprehensive service offerings and strong performance history. The company's average contract size of $87.5 million indicates significant investment in each project, which is often justified by the scale and complexity of federal infrastructure and energy projects. While the absence of recent contracts may raise some concerns, the company's consistent competitive wins and diverse portfolio suggest a commitment to delivering high-quality services at fair market rates.
Agency Relationships
BLACK & VEATCH CORPORATION has a moderate concentration of clients across various federal agencies, including the U.S. Army Corps of Engineers, Department of Energy, and Department of Defense. This broad client base helps to mitigate dependency risks and ensures a steady stream of work. However, the lack of specific agency clients in recent contracts may indicate a need for more active engagement with federal agencies to secure new projects and maintain a robust pipeline of work.
Red Flags
- No recent contracts: The absence of recent contracts may indicate a lack of active engagement with federal agencies or potential challenges in securing new projects.
- Lack of specific agency clients: The company's contracts do not specify the agencies involved, which may raise concerns about dependency and transparency.
- Moderate agency concentration: While the company works with multiple agencies, the lack of a strong relationship with any single agency may pose risks if one were to reduce its reliance on the company.
Green Flags
- Consistent competitive wins: The company's preference for competitive bidding processes and consistent wins through competition indicate a strong market position and fair business practices.
- Diverse agency portfolio: The company's work with multiple federal agencies helps to spread risk and ensure a steady stream of work.
- Strong performance history: BLACK & VEATCH has a track record of delivering high-quality projects, which builds trust and credibility with federal clients.
Key Contracts
BLACK & VEATCH CORPORATION has a history of significant contracts with federal agencies, including the U.S. Army Corps of Engineers' water infrastructure initiatives and the Department of Energy's renewable energy projects. These contracts highlight the company's capabilities in diverse sectors such as infrastructure, energy, and water. For instance, the company's work on the U.S. Army Corps of Engineers' projects has involved designing and constructing critical water infrastructure, demonstrating its expertise in large-scale, complex projects. Similarly, its involvement in renewable energy projects with the Department of Energy showcases its commitment to sustainable solutions. These contracts not only reflect the company's broad service offerings but also its ability to deliver high-quality projects that meet the needs of federal agencies. The consistent nature of these contracts suggests a strong and reliable business strategy focused on maintaining a diverse portfolio of projects across various agencies.
Frequently Asked Questions
What does BLACK & VEATCH CORPORATION do for the federal government?
BLACK & VEATCH CORPORATION provides comprehensive engineering, consulting, and construction services to federal agencies. The company specializes in infrastructure, energy, and water solutions, offering project management, design, and construction services to support critical federal projects. Its services range from designing and constructing water infrastructure to developing renewable energy projects, ensuring that federal agencies have access to reliable and sustainable solutions.
How much taxpayer money does BLACK & VEATCH CORPORATION receive?
BLACK & VEATCH CORPORATION has received a total of $2.54 billion in federal contracts. The average contract size is $87,531,818, indicating significant investment in each project. This substantial amount of federal funding underscores the company's importance in delivering critical services to federal agencies, ranging from infrastructure development to energy and water solutions.
Is BLACK & VEATCH CORPORATION good value for taxpayer money?
BLACK & VEATCH CORPORATION provides good value for taxpayer money through its comprehensive service offerings and strong performance history. The company's average contract size of $87.5 million suggests significant investment in each project, which is often justified by the scale and complexity of federal infrastructure and energy projects. The company's consistent competitive wins and diverse portfolio of contracts across various agencies indicate a commitment to delivering high-quality services at fair market rates, ensuring that federal agencies receive the best value for their investments.
How does BLACK & VEATCH CORPORATION win its contracts?
BLACK & VEATCH CORPORATION primarily wins its contracts through open competition. The company's preference for competitive bidding processes and consistent wins through competition indicate a strong market position and fair business practices. This approach ensures that federal agencies have access to a wide range of qualified contractors, fostering a transparent and competitive environment. The company's track record of delivering high-quality projects and maintaining a diverse portfolio of contracts across various agencies further enhances its competitive position.
What agencies use BLACK & VEATCH CORPORATION most?
BLACK & VEATCH CORPORATION works with multiple federal agencies, including the U.S. Army Corps of Engineers, Department of Energy, and Department of Defense. While the company does not specify the agencies involved in recent contracts, its broad client base helps to mitigate dependency risks and ensures a steady stream of work. The company's diverse portfolio of contracts across various agencies reflects its ability to deliver services to a wide range of federal clients, from infrastructure development to energy and water solutions.
What are the risks of relying on BLACK & VEATCH CORPORATION?
The risks of relying on BLACK & VEATCH CORPORATION include the absence of recent contracts, which may indicate a lack of active engagement with federal agencies or potential challenges in securing new projects. Additionally, the lack of specific agency clients in recent contracts may raise concerns about dependency and transparency. The moderate agency concentration, while not a significant risk, may pose challenges if one agency were to reduce its reliance on the company. However, the company's strong performance history and consistent competitive wins suggest that it is a reliable and versatile contractor, capable of delivering high-quality services to federal agencies.
How does BLACK & VEATCH CORPORATION compare to similar contractors?
BLACK & VEATCH CORPORATION holds a strong position in the federal engineering and construction sector, known for its comprehensive service offerings and robust performance history. Compared to industry peers, the company competes effectively and wins contracts through open competition. While it is not the sole provider in any niche, its broad capabilities and consistent track record make it a preferred partner for a wide range of government agencies. The company's focus on maintaining a diverse portfolio of contracts across various agencies ensures a steady revenue stream and reduces dependency on any single client, positioning it as a reliable and versatile contractor in the federal market.
Recent Federal Contracts
Black & Veatch Corporation has 1 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| BLACK & VEATCH CORPORATION awarded $87.5M EPA contract over 10 years for envi... | Environmental Protection Agency | $87.5M | N/A |