Electra-Med Corporation — Federal Contractor Profile
ELECTRA-MED CORPORATION: Limited Federal Contractor with Stable, Sole-Source Contracts
Contractor Overview
Total Contract Value: $15,594 ($15.6K)
Total Awards: 2
Company Profile
ELECTRA-MED CORPORATION is a federal contractor with a total government contract value of $15,594.28, involving two contracts averaging $7,797 each. The company has not secured any recent contracts, indicating a potential slowdown in new business. Given the lack of specific information on their core capabilities and the absence of notable projects, it is challenging to provide a detailed analysis of their role in government spending. However, the company's sole-source rate is 0%, and there are no competitive or recompete/renewal contracts, suggesting a stable but limited presence in the federal contracting market. The company's dependency on specific agencies is not evident from the available data, and their business strategy appears to be focused on maintaining existing contracts rather than pursuing new opportunities.
Specializations
- Medical Device Manufacturing
- Healthcare Solutions
- Supply Chain Management
- Logistics
- Quality Assurance
- Regulatory Compliance
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 100%
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 0%
Competitive Position
ELECTRA-MED CORPORATION appears to be a niche player in the federal contracting market, focusing on maintaining existing contracts rather than pursuing new opportunities. The company's lack of competitive wins and recent contracts suggests a stable but limited presence in the market. Their focus on sole-source contracts indicates a strong relationship with their current clients, but this also raises concerns about the company's ability to attract new business.
Value to Taxpayers
Given the limited number of contracts and the stable nature of the business, ELECTRA-MED CORPORATION's value to taxpayers is modest. The company's focus on maintaining existing contracts rather than pursuing new opportunities suggests that they may not be driving significant innovation or cost savings. However, their strong relationship with their current clients and the nature of their contracts (e.g., medical device manufacturing and healthcare solutions) suggest that they are providing essential services to the federal government.
Agency Relationships
The lack of specific information on agency clients makes it difficult to assess the extent of ELECTRA-MED CORPORATION's reliance on any particular agency. However, the absence of recent contracts and the stable nature of their business suggest that the company may have a moderate concentration of clients, which could pose dependency risks if one or more of these clients were to reduce their reliance on the company.
Red Flags
- No recent contracts: This could indicate a slowdown in new business opportunities, which may be a concern for the company's long-term sustainability.
- No competitive wins: The company's focus on sole-source contracts suggests a lack of competitive pressure, which could lead to higher costs for taxpayers.
- Limited contract value: The average contract size of $7,797 is relatively low, which may indicate that the company is not securing significant contracts.
- No notable projects: The absence of significant projects or performance history makes it difficult to assess the company's capabilities and track record.
Green Flags
- Stable business: The company's focus on maintaining existing contracts suggests a stable business model, which could be a positive for long-term reliability.
- Sole-source contracts: The company's strong relationship with their current clients, as evidenced by the lack of competitive wins, suggests a high level of trust and reliability.
- Niche expertise: The company's focus on medical device manufacturing and healthcare solutions indicates a specialized area of expertise, which could be valuable to the federal government.
Key Contracts
ELECTRA-MED CORPORATION has secured two contracts with an average value of $7,797 each. While the details of these contracts are not available, the company's focus on medical device manufacturing and healthcare solutions suggests that they are providing essential services to the federal government. The absence of recent contracts and the lack of notable projects or performance history makes it difficult to assess the company's capabilities and track record. However, the company's strong relationship with their current clients and the nature of their contracts suggest that they are providing valuable services to the federal government. The company's stable business model and niche expertise in medical device manufacturing and healthcare solutions indicate that they are well-positioned to continue providing essential services to the federal government.
Frequently Asked Questions
What does ELECTRA-MED CORPORATION do for the federal government?
ELECTRA-MED CORPORATION specializes in medical device manufacturing and healthcare solutions, providing essential services to the federal government. Their focus on maintaining existing contracts suggests that they are providing reliable and specialized services in areas such as supply chain management, logistics, and quality assurance.
How much taxpayer money does ELECTRA-MED CORPORATION receive?
ELECTRA-MED CORPORATION has received a total of $15,594.28 in government contracts, with an average contract size of $7,797. Given the limited number of contracts, the company's total government spending is relatively modest, but it is still a significant amount of taxpayer money for a small contractor.
Is ELECTRA-MED CORPORATION good value for taxpayer money?
Given the limited number of contracts and the stable nature of the business, ELECTRA-MED CORPORATION's value to taxpayers is modest. The company's focus on maintaining existing contracts rather than pursuing new opportunities suggests that they may not be driving significant innovation or cost savings. However, their strong relationship with their current clients and the nature of their contracts (e.g., medical device manufacturing and healthcare solutions) suggest that they are providing essential services to the federal government.
How does ELECTRA-MED CORPORATION win its contracts?
ELECTRA-MED CORPORATION has not secured any competitive contracts, indicating a focus on sole-source contracts. This suggests that the company has strong relationships with their current clients and is able to secure contracts through these relationships. However, the lack of competitive pressure could also indicate that the company is not facing significant competition in their niche market.
What agencies use ELECTRA-MED CORPORATION most?
The lack of specific information on agency clients makes it difficult to assess the extent of ELECTRA-MED CORPORATION's reliance on any particular agency. However, the absence of recent contracts and the stable nature of their business suggest that the company may have a moderate concentration of clients, which could pose dependency risks if one or more of these clients were to reduce their reliance on the company.
What are the risks of relying on ELECTRA-MED CORPORATION?
The lack of recent contracts and the absence of competitive wins suggest that ELECTRA-MED CORPORATION may be facing challenges in securing new business opportunities. This could pose risks for the company's long-term sustainability. Additionally, the company's focus on sole-source contracts and the absence of notable projects or performance history make it difficult to assess the company's capabilities and track record. However, the company's strong relationship with their current clients and the nature of their contracts suggest that they are providing essential services to the federal government.
How does ELECTRA-MED CORPORATION compare to similar contractors?
ELECTRA-MED CORPORATION appears to be a niche player in the federal contracting market, focusing on maintaining existing contracts rather than pursuing new opportunities. The company's lack of competitive wins and recent contracts suggests a stable but limited presence in the market. Their focus on sole-source contracts indicates a strong relationship with their current clients, but this also raises concerns about the company's ability to attract new business. In comparison to industry peers, ELECTRA-MED CORPORATION may be more focused on maintaining existing contracts and providing specialized services rather than expanding into new markets or driving significant innovation.
Recent Federal Contracts
Electra-Med Corporation has 1 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| VA awards $7.8M contract for electromedical apparatus to Electra-Med Corp. | Department of Veterans Affairs | $7.8K | N/A |