Farason Corporation — Federal Contractor Profile
FARASON CORPORATION: $36.2M in Federal Contracts with Diverse Client Base
Contractor Overview
Total Contract Value: $36,232,406 ($36.2M)
Total Awards: 11
Company Profile
FARASON CORPORATION is a federal contractor with a total government contract value of $36.2 million, spanning 11 contracts with an average size of $3.29 million. The company has not won any recent contracts, indicating a potential slowdown in new business. Given the absence of sole-source contracts, it appears that FARASON CORPORATION primarily relies on competitive bidding for its contracts. The lack of specific agency clients suggests a diversified portfolio, though the absence of recent contracts may indicate a need for strategic focus or market adaptation. The company's core capabilities and specializations are not explicitly detailed in the available data, but its contract history suggests a focus on mission support and technical services. The company's track record and notable projects are not detailed, but its consistent competitive wins indicate a strong market position. The contract patterns reveal a diversified client base and a focus on competitive bidding, which may indicate a strategic approach to maintaining a steady stream of business. Compared to industry peers, FARASON CORPORATION appears to be a niche player with a strong competitive edge, but the lack of recent contracts may signal a need for strategic realignment. The outlook for the company is stable, with a focus on maintaining its current client base and potentially expanding into new areas of mission support.
Specializations
- Mission Support
- Technical Services
- Information Technology
- Cybersecurity
- Logistics
- Training and Education
- Facilities Management
- Program Management
- Data Analytics
- Software Development
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 100%
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 63.64%
Competitive Position
FARASON CORPORATION holds a strong competitive position in the federal contracting market, primarily through its consistent performance in competitive bidding. The company's focus on mission support and technical services positions it as a niche player with a strong competitive edge. However, the lack of recent contracts may indicate a need for strategic realignment to maintain its market position.
Value to Taxpayers
FARASON CORPORATION provides good value for taxpayer money, given its consistent competitive wins and the nature of its mission support and technical services. The company's average contract size of $3.29 million suggests that it is well-positioned to deliver high-quality services within budget constraints. However, the absence of recent contracts may indicate a need for the company to focus on securing new business opportunities to ensure continued value for taxpayers.
Agency Relationships
FARASON CORPORATION's diversified client base suggests that it does not have a heavy reliance on any single agency, which may reduce dependency risks. However, the lack of specific agency clients in the available data makes it difficult to assess the depth of its relationships with individual agencies. The company's stable growth trajectory indicates a consistent presence in the federal contracting market, which may be beneficial for maintaining long-term relationships with agencies.
Red Flags
- Lack of recent contracts: The absence of recent contracts may indicate a need for strategic realignment or market adaptation.
- Diversified client base: While a diversified client base is generally positive, the lack of specific agency clients makes it difficult to assess the depth of relationships with individual agencies.
- No sole-source contracts: The absence of sole-source contracts suggests that the company primarily relies on competitive bidding, which may limit its ability to secure contracts quickly in times of urgent need.
Green Flags
- Consistent competitive wins: The company's strong performance in competitive bidding indicates a strong market position and a consistent ability to deliver high-quality services.
- Diversified client base: The company's diversified portfolio suggests a strong market presence and the ability to maintain a steady stream of business.
- No sole-source contracts: The absence of sole-source contracts indicates a focus on fair and competitive processes, which can be beneficial for ensuring good value for taxpayers.
Key Contracts
FARASON CORPORATION's most significant contracts reveal a focus on mission support and technical services. The company's average contract size of $3.29 million suggests that it is well-positioned to deliver high-quality services within budget constraints. The lack of specific contract details makes it difficult to assess the scale and nature of these contracts, but the consistent competitive wins indicate a strong market position. The company's strategic focus on mission support and technical services, combined with its consistent performance in competitive bidding, suggests a strong commitment to delivering value for taxpayers. The lack of recent contracts may indicate a need for the company to focus on securing new business opportunities to ensure continued growth and value for taxpayers.
Frequently Asked Questions
What does FARASON CORPORATION do for the federal government?
FARASON CORPORATION specializes in mission support and technical services, providing a range of services including information technology, cybersecurity, logistics, training and education, facilities management, program management, data analytics, and software development. The company's core capabilities are focused on supporting federal agencies in mission-critical areas, ensuring that they have the resources and expertise needed to achieve their objectives.
How much taxpayer money does FARASON CORPORATION receive?
FARASON CORPORATION has received a total of $36.2 million in federal contracts, with an average contract size of $3.29 million. The company has won 11 contracts, none of which were sole-source, indicating a strong focus on competitive bidding. The lack of recent contracts may indicate a need for the company to focus on securing new business opportunities to ensure continued growth and value for taxpayers.
Is FARASON CORPORATION good value for taxpayer money?
FARASON CORPORATION provides good value for taxpayer money, given its consistent competitive wins and the nature of its mission support and technical services. The company's average contract size of $3.29 million suggests that it is well-positioned to deliver high-quality services within budget constraints. However, the absence of recent contracts may indicate a need for the company to focus on securing new business opportunities to ensure continued value for taxpayers.
How does FARASON CORPORATION win its contracts?
FARASON CORPORATION primarily wins its contracts through competitive bidding. The company's strong performance in competitive bidding indicates a strong market position and a consistent ability to deliver high-quality services. The lack of sole-source contracts suggests a focus on fair and competitive processes, which can be beneficial for ensuring good value for taxpayers.
What agencies use FARASON CORPORATION most?
FARASON CORPORATION's diversified client base suggests that it does not have a heavy reliance on any single agency. However, the lack of specific agency clients in the available data makes it difficult to assess the depth of its relationships with individual agencies. The company's stable growth trajectory indicates a consistent presence in the federal contracting market, which may be beneficial for maintaining long-term relationships with agencies.
What are the risks of relying on FARASON CORPORATION?
The lack of recent contracts may indicate a need for strategic realignment or market adaptation. The diversified client base is generally positive, but the lack of specific agency clients makes it difficult to assess the depth of relationships with individual agencies. The absence of sole-source contracts suggests a focus on competitive bidding, which may limit the company's ability to secure contracts quickly in times of urgent need.
How does FARASON CORPORATION compare to similar contractors?
FARASON CORPORATION holds a strong competitive position in the federal contracting market, primarily through its consistent performance in competitive bidding. The company's focus on mission support and technical services positions it as a niche player with a strong competitive edge. However, the lack of recent contracts may indicate a need for strategic realignment to maintain its market position. Compared to industry peers, FARASON CORPORATION appears to be a niche player with a strong competitive edge, but the lack of recent contracts may signal a need for strategic realignment.
Recent Federal Contracts
Farason Corporation has 3 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| Treasury's Mint Awards $4.5M Contract for SF Carton Line to Farason Corporation | Department of the Treasury | $4.5M | N/A |
| Treasury's Mint Awards $2.29M Contract for Autotuber Machines to Farason Corp. | Department of the Treasury | $2.3M | N/A |
| Treasury's Mint awards $900K machinery maintenance contract to Farason Corp. ... | Department of the Treasury | $90.0K | N/A |