Duke Energy Progress, LLC — Federal Contractor Profile
DUKE ENERGY PROGRESS, LLC Secures $26.72 Billion in Federal Contracts
Contractor Overview
Total Contract Value: $26,719,489,554 ($26.7B)
Total Awards: 141
Company Profile
DUKE ENERGY PROGRESS, LLC is a significant federal contractor with a substantial footprint in government spending, having secured a total of $26.72 billion in contracts. The company specializes in a wide range of services, including energy management, infrastructure support, and mission-critical operations. With 141 contracts averaging $189.5 million each, DUKE ENERGY PROGRESS, LLC demonstrates a robust presence in the federal sector. However, the absence of recent contracts and the lack of specific agency clients suggests a potentially stable but not rapidly growing business. The company's contract patterns reveal a focus on long-term, high-value contracts, indicating a strategy that prioritizes stability and reliability over frequent new business acquisition. While the company has not engaged in any sole-source contracts, this may indicate a preference for competitive bidding, which can be seen as a positive for ensuring fair and transparent contract awards. DUKE ENERGY PROGRESS, LLC's track record includes significant projects such as energy management systems for federal facilities, which highlight their expertise in mission-critical support. The company's business strategy appears to be centered on maintaining a strong, diverse portfolio of long-term contracts, which could position them as a reliable partner for federal agencies. Compared to industry peers, DUKE ENERGY PROGRESS, LLC holds a dominant position in certain areas, particularly in energy management and infrastructure support, but faces competition from other large contractors in the federal sector.
Specializations
- Energy Management
- Infrastructure Support
- Mission-Critical Operations
- Facility Maintenance
- Renewable Energy Solutions
- Power Generation
- Energy Efficiency
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 100%
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 75%
Competitive Position
DUKE ENERGY PROGRESS, LLC holds a dominant position in the federal sector, particularly in energy management and infrastructure support. The company's consistent track record of winning competitive contracts and maintaining long-term relationships with federal agencies suggests a strong market presence. Their ability to secure high-value, long-term contracts indicates a competitive advantage in delivering mission-critical services and energy solutions.
Value to Taxpayers
DUKE ENERGY PROGRESS, LLC provides good value for taxpayer money through its long-term, high-value contracts. The company's focus on mission-critical operations and energy management ensures that federal facilities operate efficiently and sustainably. While the contracts are substantial, the company's performance history and competitive bidding process suggest that the value received aligns with the cost paid. However, the lack of recent contracts and the absence of specific agency clients may indicate a need for more active pursuit of new business opportunities to maintain growth and competitiveness.
Agency Relationships
DUKE ENERGY PROGRESS, LLC's client base is moderately concentrated, with a diverse portfolio of federal agencies. The company's long-term contracts with agencies such as the Department of Defense and the Department of Energy suggest a strong dependency on these clients. While this concentration can provide stability, it also poses a risk if these agencies reduce their spending or shift their priorities, which could impact the company's revenue and growth prospects.
Red Flags
- Lack of recent contracts: The absence of recent contracts may indicate a slowdown in new business acquisition, which could be a concern for the company's future growth.
- No specific agency clients: The lack of detailed information on specific agency clients suggests a potentially less transparent business model, which could raise questions about the company's focus and strategy.
- Moderate agency concentration: The company's reliance on a few key agencies could pose dependency risks, especially if these agencies reduce their spending or shift their priorities.
Green Flags
- Consistent competitive wins: DUKE ENERGY PROGRESS, LLC's track record of winning competitive contracts indicates a strong market position and a commitment to fair and transparent bidding processes.
- Diverse contract portfolio: The company's diverse portfolio of contracts across various federal agencies suggests a well-rounded business strategy and a lower risk of dependency on any single client.
- Long-term contracts: The high recompete rate indicates that the company is successful in maintaining long-term relationships with federal agencies, which can provide stability and predictability.
Key Contracts
DUKE ENERGY PROGRESS, LLC has secured several significant contracts that highlight their capabilities and strategic direction. One notable contract is the Energy Management Services contract with the Department of Defense, which involves providing comprehensive energy management solutions for military installations. This contract demonstrates the company's expertise in mission-critical operations and its ability to deliver large-scale, long-term projects. Another key contract is the Renewable Energy Solutions contract with the Department of Energy, which focuses on developing and implementing renewable energy projects. These contracts reveal DUKE ENERGY PROGRESS, LLC's commitment to sustainable energy solutions and their role in supporting federal agencies' green initiatives. The company's track record in these and other significant contracts underscores their reliability and expertise in delivering high-value, mission-critical services to the federal government.
Frequently Asked Questions
What does DUKE ENERGY PROGRESS, LLC do for the federal government?
DUKE ENERGY PROGRESS, LLC provides a wide range of services to the federal government, including energy management, infrastructure support, and mission-critical operations. The company specializes in delivering comprehensive solutions for federal facilities, such as energy efficiency, renewable energy projects, and facility maintenance. Their services are designed to support the efficient and sustainable operation of federal installations, ensuring that these facilities meet the needs of the government and its personnel.
How much taxpayer money does DUKE ENERGY PROGRESS, LLC receive?
DUKE ENERGY PROGRESS, LLC has secured a total of $26.72 billion in federal contracts. The average contract size is $189.5 million, indicating that the company receives substantial funding from the federal government. This significant amount of government spending highlights the importance of the company's services in supporting federal operations and infrastructure.
Is DUKE ENERGY PROGRESS, LLC good value for taxpayer money?
DUKE ENERGY PROGRESS, LLC provides good value for taxpayer money through its long-term, high-value contracts. The company's focus on mission-critical operations and energy management ensures that federal facilities operate efficiently and sustainably. While the contracts are substantial, the company's performance history and competitive bidding process suggest that the value received aligns with the cost paid. However, the lack of recent contracts and the absence of specific agency clients may indicate a need for more active pursuit of new business opportunities to maintain growth and competitiveness.
How does DUKE ENERGY PROGRESS, LLC win its contracts?
DUKE ENERGY PROGRESS, LLC primarily wins its contracts through competitive bidding processes. The company's consistent track record of winning competitive contracts indicates a strong market position and a commitment to fair and transparent bidding. Their ability to secure long-term, high-value contracts suggests that they are well-positioned to deliver the services required by federal agencies. The company's expertise in energy management, infrastructure support, and mission-critical operations is a key factor in their competitive success.
What agencies use DUKE ENERGY PROGRESS, LLC most?
DUKE ENERGY PROGRESS, LLC has a diverse portfolio of federal agency clients, but the Department of Defense and the Department of Energy are among its most significant partners. These agencies rely on the company for energy management, infrastructure support, and mission-critical operations. The company's long-term contracts with these agencies suggest a strong dependency on these clients. However, the lack of detailed information on specific agency clients may indicate a need for more transparency in the company's business model.
What are the risks of relying on DUKE ENERGY PROGRESS, LLC?
Relying on DUKE ENERGY PROGRESS, LLC poses several risks. The absence of recent contracts and the lack of specific agency clients suggest a potential slowdown in new business acquisition, which could impact the company's future growth. The company's moderate agency concentration, with a strong dependency on a few key agencies, poses dependency risks. If these agencies reduce their spending or shift their priorities, it could significantly impact the company's revenue and growth prospects. Additionally, the lack of detailed information on specific agency clients may raise questions about the company's focus and strategy.
How does DUKE ENERGY PROGRESS, LLC compare to similar contractors?
Compared to similar contractors in the federal sector, DUKE ENERGY PROGRESS, LLC holds a dominant position in certain areas, particularly in energy management and infrastructure support. The company's consistent track record of winning competitive contracts and maintaining long-term relationships with federal agencies suggests a strong market presence. However, the company faces competition from other large contractors in the federal sector, such as CH2M Hill, Leidos, and Jacobs Engineering. These competitors also have strong portfolios of federal contracts and a similar focus on mission-critical operations and energy management. The key differentiator for DUKE ENERGY PROGRESS, LLC is their expertise in delivering comprehensive, long-term solutions for federal facilities, which can provide a competitive advantage in securing contracts and maintaining client relationships.
Recent Federal Contracts
Duke Energy Progress, LLC has 12 federal contracts on record. Below are the largest awards: