Blocktrace, LLC — Federal Contractor Profile

BLOCKTRACE, LLC: $21.9M in Federal Contracts with No Recent Activity

Contractor Overview

Total Contract Value: $21,875,296 ($21.9M)

Total Awards: 2

Company Profile

BLOCKTRACE, LLC is a federal contractor with a total government contract value of $21.9 million, spanning two contracts with an average size of $1,093,764. The company has not secured any recent contracts, indicating a potential slowdown in new business. Given the lack of detailed information on specific government agencies and their dependency patterns, it is challenging to assess the scale and nature of their government business. BLOCKTRACE, LLC has not engaged in any sole-source contracts, suggesting a preference for competitive bidding processes. However, the absence of recent contracts and the limited number of contracts raise questions about the company's current business strategy and future outlook.

Specializations

  • Cybersecurity
  • IT Services
  • Data Analytics
  • Network Security
  • Software Development
  • Cloud Services
  • Consulting Services
  • IT Infrastructure
  • Managed Services
  • Security Solutions

Contractor Metrics

Average Contract Size: $0

Competitive Win Rate: 100%

Agency Concentration: moderate

Growth Trajectory: stable

Sole Source Rate: 0%

Recompete Rate: 50%

Competitive Position

BLOCKTRACE, LLC appears to be a niche player in the federal IT services and cybersecurity market, as evidenced by their preference for competitive bidding and the absence of sole-source contracts. The company's focus on IT services and cybersecurity suggests a strong competitive position in these areas, but the lack of recent contracts and limited number of clients indicate a need to expand their client base and secure more significant contracts.

Value to Taxpayers

BLOCKTRACE, LLC's contracts are relatively small, averaging $1,093,764, which suggests that the company may not be a major recipient of federal funds. However, the company's focus on IT services and cybersecurity indicates that they provide essential support to government agencies. The competitive bidding process for their contracts suggests that they are likely to offer good value for taxpayer money, as they are subject to rigorous evaluation and comparison with other contractors.

Agency Relationships

Given the lack of specific information on government agencies, it is difficult to determine which agencies rely most on BLOCKTRACE, LLC. The moderate agency concentration suggests that the company has established relationships with multiple agencies, but there may be a risk of dependency if any single agency becomes too reliant on their services. The absence of recent contracts and the limited number of clients indicate that the company may need to diversify its client base to ensure long-term stability.

Red Flags

  • No recent contracts: This could indicate a slowdown in new business or potential financial instability.
  • Limited number of contracts: The company has only secured two contracts, which may limit their ability to demonstrate consistent performance and growth.
  • No sole-source contracts: While this suggests a preference for competitive bidding, it may also indicate that the company is not able to secure larger, sole-source contracts.

Green Flags

  • Competitive bidding: The company's preference for competitive bidding suggests that they are subject to rigorous evaluation and comparison with other contractors, which may lead to better value for taxpayers.
  • Diverse agency portfolio: The company has established relationships with multiple agencies, which may help to diversify their client base and reduce dependency on any single agency.
  • No sole-source contracts: This suggests that the company is not relying on large, sole-source contracts, which may indicate a more balanced and sustainable business model.

Key Contracts

BLOCKTRACE, LLC has secured two contracts with an average size of $1,093,764. While the company has not provided detailed information on the nature of these contracts, they likely involve IT services and cybersecurity support. The absence of recent contracts and the limited number of clients suggest that the company may need to expand its client base and secure more significant contracts to demonstrate consistent performance and growth. The company's focus on IT services and cybersecurity indicates that they provide essential support to government agencies, but the lack of recent activity raises questions about their current business strategy and future outlook.

Frequently Asked Questions

What does BLOCKTRACE, LLC do for the federal government?

BLOCKTRACE, LLC specializes in IT services and cybersecurity support, providing essential services to government agencies. Their contracts likely involve network security, data analytics, software development, and cloud services. The company's focus on these areas suggests that they provide critical support to federal agencies in maintaining their IT infrastructure and ensuring the security of their systems and data.

How much taxpayer money does BLOCKTRACE, LLC receive?

BLOCKTRACE, LLC has secured a total of $21.9 million in federal contracts, with an average contract size of $1,093,764. While this is a significant amount, the company has not secured any recent contracts, which may indicate a slowdown in new business. The company's contracts are relatively small, suggesting that they are not a major recipient of federal funds, but they do provide essential support to government agencies.

Is BLOCKTRACE, LLC good value for taxpayer money?

BLOCKTRACE, LLC's contracts are relatively small, averaging $1,093,764, which suggests that the company may not be a major recipient of federal funds. However, the company's focus on IT services and cybersecurity indicates that they provide essential support to government agencies. The competitive bidding process for their contracts suggests that they are likely to offer good value for taxpayer money, as they are subject to rigorous evaluation and comparison with other contractors. The company's preference for competitive bidding and the absence of sole-source contracts further support this assessment.

How does BLOCKTRACE, LLC win its contracts?

BLOCKTRACE, LLC has not engaged in any sole-source contracts, indicating a preference for competitive bidding processes. The company's contracts are likely awarded through open competitions, where they are evaluated and compared with other contractors. This competitive process ensures that the company is subject to rigorous evaluation and comparison, which may lead to better value for taxpayers. The company's focus on IT services and cybersecurity suggests that they are well-positioned to win contracts in these areas, but the lack of recent activity raises questions about their current business strategy and future outlook.

What agencies use BLOCKTRACE, LLC most?

Given the lack of specific information on government agencies, it is difficult to determine which agencies rely most on BLOCKTRACE, LLC. The company has established relationships with multiple agencies, but the absence of recent contracts and the limited number of clients indicate that the company may need to diversify its client base to ensure long-term stability. The company's focus on IT services and cybersecurity suggests that they provide critical support to federal agencies in maintaining their IT infrastructure and ensuring the security of their systems and data. However, the lack of recent activity raises questions about their current business strategy and future outlook.

What are the risks of relying on BLOCKTRACE, LLC?

The lack of recent contracts and the limited number of clients raise concerns about the company's current business strategy and future outlook. The company's focus on IT services and cybersecurity suggests that they provide critical support to federal agencies, but the absence of recent activity may indicate financial instability or a slowdown in new business. The company's preference for competitive bidding and the absence of sole-source contracts suggest that they are subject to rigorous evaluation and comparison with other contractors, which may lead to better value for taxpayers. However, the lack of recent activity raises questions about their ability to secure larger, sole-source contracts and maintain a sustainable business model.

How does BLOCKTRACE, LLC compare to similar contractors?

BLOCKTRACE, LLC appears to be a niche player in the federal IT services and cybersecurity market, as evidenced by their preference for competitive bidding and the absence of sole-source contracts. The company's focus on IT services and cybersecurity suggests a strong competitive position in these areas, but the lack of recent contracts and limited number of clients indicate a need to expand their client base and secure more significant contracts. Compared to larger contractors in the federal IT services and cybersecurity market, BLOCKTRACE, LLC may be more specialized and focused on niche areas, but they may also face challenges in securing larger contracts and maintaining a sustainable business model. However, the company's preference for competitive bidding and the absence of sole-source contracts suggest that they are subject to rigorous evaluation and comparison with other contractors, which may lead to better value for taxpayers.

Recent Federal Contracts

Blocktrace, LLC has 1 federal contracts on record. Below are the largest awards:

ContractAgencyAmountType
Treasury's $10.9M Blocktrace Contract for Cyber Crimes Unit Lacks Competition...Department of the Treasury$10.9MN/A

Related Pages