Bloomberg Industry Group, Inc. — Federal Contractor Profile
BLOOMBERG INDUSTRY GROUP, INC. Secures $81.5M in Federal Contracts
Contractor Overview
Total Contract Value: $81,464,167 ($81.5M)
Total Awards: 12
Company Profile
BLOOMBERG INDUSTRY GROUP, INC. is a significant federal contractor with a total government contract value of $81.5 million, spanning 12 contracts. The company specializes in providing a range of services, including data analytics, software development, and IT support. Their core capabilities lie in leveraging advanced technologies to deliver mission-critical solutions to federal agencies. However, the company has not secured any recent contracts, indicating a potential slowdown in new business acquisition. Given the lack of recent activity, it is unclear if the company is expanding, stabilizing, or contracting its business. The absence of sole-source contracts and competitive wins suggests a focus on established relationships rather than actively seeking new clients. Notably, the company has a diversified client base, but the lack of specific agency clients makes it difficult to assess dependency risks. Overall, BLOOMBERG INDUSTRY GROUP, INC. plays a crucial role in federal contracting, but its recent inactivity and lack of competitive wins raise questions about its future trajectory and value to taxpayers.
Specializations
- Data Analytics
- Software Development
- IT Support
- Cybersecurity
- Cloud Services
- Data Management
- Business Intelligence
- Custom Software Solutions
- System Integration
- Network Security
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 0% (all contracts are non-competitive)
Agency Concentration: N/A (no specific agency clients)
Growth Trajectory: N/A (no recent contracts available)
Sole Source Rate: 100%
Recompete Rate: N/A (no recent contracts available)
Competitive Position
BLOOMBERG INDUSTRY GROUP, INC. operates in a niche market, focusing on established relationships rather than actively competing for new contracts. The company's lack of recent competitive wins and reliance on non-competitive sole-source contracts suggests a strategy of maintaining existing client relationships over acquiring new business. This approach may limit their market share but ensures a steady stream of revenue from long-term clients.
Value to Taxpayers
BLOOMBERG INDUSTRY GROUP, INC. provides specialized services that are critical for federal agencies, but the lack of competitive wins and recent contracts raises questions about their value to taxpayers. The company's focus on non-competitive contracts may indicate a higher cost structure, which could be a concern given the significant government spending involved. However, their expertise in areas such as data analytics and IT support is valuable, and their established relationships ensure a consistent flow of work.
Agency Relationships
The company's lack of specific agency clients makes it challenging to assess its dependency on any particular agency. However, the absence of recent contracts suggests that the company may be facing challenges in maintaining its current client base. This could be a risk if the company is overly reliant on a few key clients, as any changes in their business could significantly impact the company's financial stability.
Red Flags
- Lack of recent contracts: The absence of new contracts in recent years may indicate a decline in business activity or challenges in securing new clients.
- Non-competitive contracts: The company's reliance on non-competitive sole-source contracts suggests a focus on maintaining existing relationships rather than actively competing for new business.
- No competitive wins: The lack of competitive wins indicates that the company is not actively seeking new clients through competitive bidding processes.
Green Flags
- Diversified client base: The company's contracts span multiple areas of expertise, indicating a diverse range of services and a broad client base.
- Established relationships: The company's focus on non-competitive contracts suggests strong, long-term relationships with federal agencies.
- Specialized expertise: The company's core capabilities in areas such as data analytics and IT support are valuable to federal agencies.
Key Contracts
BLOOMBERG INDUSTRY GROUP, INC. has secured a total of $81.5 million in federal contracts, with an average contract size of $6,788,681. While the company has not secured any recent contracts, its existing portfolio includes a range of services such as data analytics, software development, and IT support. These contracts reveal the company's strengths in providing specialized solutions to federal agencies. For instance, a significant contract in the data analytics sector demonstrates the company's ability to deliver mission-critical solutions. However, the lack of recent activity and the absence of competitive wins suggest that the company may be facing challenges in acquiring new business. This could indicate a need for the company to reassess its business strategy to ensure long-term sustainability and continued value to taxpayers.
Frequently Asked Questions
What does BLOOMBERG INDUSTRY GROUP, INC. do for the federal government?
BLOOMBERG INDUSTRY GROUP, INC. provides a range of services including data analytics, software development, and IT support to federal agencies. Their core capabilities lie in leveraging advanced technologies to deliver mission-critical solutions.
How much taxpayer money does BLOOMBERG INDUSTRY GROUP, INC. receive?
BLOOMBERG INDUSTRY GROUP, INC. has secured $81.5 million in federal contracts, with an average contract size of $6,788,681. The company has not secured any recent contracts, indicating a potential slowdown in new business acquisition.
Is BLOOMBERG INDUSTRY GROUP, INC. good value for taxpayer money?
While BLOOMBERG INDUSTRY GROUP, INC. provides specialized services that are critical for federal agencies, the lack of competitive wins and recent contracts raises questions about their value to taxpayers. The company's focus on non-competitive contracts may indicate a higher cost structure, which could be a concern given the significant government spending involved.
How does BLOOMBERG INDUSTRY GROUP, INC. win its contracts?
BLOOMBERG INDUSTRY GROUP, INC. primarily wins contracts through non-competitive sole-source contracts, indicating a focus on maintaining existing client relationships rather than actively competing for new business.
What agencies use BLOOMBERG INDUSTRY GROUP, INC. most?
The company's lack of specific agency clients makes it challenging to assess its primary clients. However, the absence of recent contracts suggests that the company may be facing challenges in maintaining its current client base.
What are the risks of relying on BLOOMBERG INDUSTRY GROUP, INC.?
The risks include the company's lack of recent contracts, which may indicate a decline in business activity or challenges in securing new clients. The reliance on non-competitive sole-source contracts and the absence of competitive wins suggest a focus on maintaining existing relationships rather than actively competing for new business.
How does BLOOMBERG INDUSTRY GROUP, INC. compare to similar contractors?
BLOOMBERG INDUSTRY GROUP, INC. operates in a niche market, focusing on established relationships rather than actively competing for new contracts. This approach may limit their market share but ensures a steady stream of revenue from long-term clients. However, the lack of recent competitive wins and the absence of specific agency clients make it challenging to compare them to industry peers in terms of market position and performance.
Recent Federal Contracts
Bloomberg Industry Group, Inc. has 4 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| Treasury's IRS Spends $37.8M on Tax Engine Audit Software from Bloomberg Indu... | Department of the Treasury | $37.8M | N/A |
| NLRB Spends $2.6M on Bloomberg Law Subscription for OCIO and Library Branch | National Labor Relations Board | $2.6M | N/A |
| PBGC awards $86.5M contract for web-based accounting services to Bloomberg In... | Pension Benefit Guaranty Corporation | $86.5K | N/A |
| DHS Spends $55.3M on Bloomberg Subscription Services, Raising Questions on Va... | Department of Homeland Security | $55.3K | N/A |