Fedgovit, Inc. — Federal Contractor Profile
FEDGOVIT, INC. Secures $44.2 Million in Federal Contracts Through Competitive Bidding
Contractor Overview
Total Contract Value: $44,183,253 ($44.2M)
Total Awards: 4
Company Profile
FEDGOVIT, INC. is a federal contractor with a total government contract value of $44.2 million, spanning across four contracts with an average contract size of $1,10,45,813. The company has not won any recent contracts, indicating a potential slowdown in new business acquisition. Given the absence of sole-source contracts, it appears that FEDGOVIT, INC. has been successful in competing for government business. However, the lack of specific agency clients and recent contracts suggests a need for further investigation into the company's current and future business strategies. FEDGOVIT, INC. has not demonstrated a significant track record of notable projects or performance history, which may be a concern for stakeholders. The company's contract patterns suggest a focus on competitive bidding, which is a positive indicator of their ability to secure business through fair competition. However, the absence of specific agency clients and recent contracts raises questions about the company's current business health and future prospects.
Specializations
- Information Technology
- Cybersecurity
- Data Management
- Network Services
- Software Development
- Cloud Services
- Consulting Services
- Training and Education
- Project Management
- Systems Integration
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
FEDGOVIT, INC. appears to be a competitive player in the federal contracting market, as evidenced by their 100% competitive win rate and the absence of sole-source contracts. The company's focus on competitive bidding suggests a strong ability to secure business through fair competition, which is a positive indicator of their market position. However, the lack of specific agency clients and recent contracts may indicate a need for further diversification and growth in their client base.
Value to Taxpayers
FEDGOVIT, INC. provides value to taxpayers through their competitive bidding process, which ensures fair and transparent contract acquisition. The company's average contract size of $1,10,45,813 is within the typical range for federal IT and cybersecurity contracts, suggesting that the company is not overcharging for its services. However, the absence of specific agency clients and recent contracts may indicate a need for further performance and cost transparency to ensure that taxpayers are receiving the best value for their money.
Agency Relationships
FEDGOVIT, INC. has not demonstrated a significant dependency on any specific agencies, which is a positive sign. However, the lack of specific agency clients and recent contracts may indicate a need for further engagement with federal agencies to establish a stronger client base. This could be a risk if the company is not able to secure new contracts in the future, as it may lead to a concentration of business in a few key agencies.
Red Flags
- Lack of recent contracts: The absence of recent contracts may indicate a slowdown in business acquisition, which could be a concern for stakeholders.
- No specific agency clients: The lack of specific agency clients suggests a need for further diversification and growth in the company's client base.
- No notable projects or performance history: The company has not demonstrated a significant track record of notable projects or performance history, which may be a concern for stakeholders.
Green Flags
- 100% competitive win rate: FEDGOVIT, INC. has a strong track record of winning contracts through competitive bidding, which is a positive indicator of their market position.
- No sole-source contracts: The absence of sole-source contracts suggests that the company is not relying on non-competitive processes to secure business.
- Diverse contract portfolio: The company's contract portfolio spans across multiple areas, including IT, cybersecurity, and data management, which suggests a diverse and well-rounded business strategy.
Key Contracts
FEDGOVIT, INC. has secured four contracts with a total value of $44.2 million, with an average contract size of $1,10,45,813. While the company has not won any recent contracts, their contract portfolio spans across multiple areas, including IT, cybersecurity, and data management. This suggests that the company has a diverse and well-rounded business strategy. However, the absence of specific agency clients and recent contracts may indicate a need for further engagement with federal agencies to establish a stronger client base. The company's track record of winning contracts through competitive bidding is a positive indicator of their market position, but the lack of notable projects or performance history may be a concern for stakeholders.
Frequently Asked Questions
What does FEDGOVIT, INC. do for the federal government?
FEDGOVIT, INC. provides a range of services to the federal government, including IT, cybersecurity, data management, network services, software development, cloud services, consulting services, training and education, project management, and systems integration. The company's services are designed to support the federal government's mission and ensure the efficient and secure operation of government systems and networks.
How much taxpayer money does FEDGOVIT, INC. receive?
FEDGOVIT, INC. has secured a total of $44.2 million in federal contracts, with an average contract size of $1,10,45,813. The company has not won any recent contracts, indicating a potential slowdown in new business acquisition. However, the company's contract portfolio spans across multiple areas, including IT, cybersecurity, and data management, which suggests a diverse and well-rounded business strategy.
Is FEDGOVIT, INC. good value for taxpayer money?
FEDGOVIT, INC. provides value to taxpayers through their competitive bidding process, which ensures fair and transparent contract acquisition. The company's average contract size of $1,10,45,813 is within the typical range for federal IT and cybersecurity contracts, suggesting that the company is not overcharging for its services. However, the absence of specific agency clients and recent contracts may indicate a need for further performance and cost transparency to ensure that taxpayers are receiving the best value for their money.
How does FEDGOVIT, INC. win its contracts?
FEDGOVIT, INC. has a strong track record of winning contracts through competitive bidding, with a 100% competitive win rate. The company has not won any recent contracts, indicating a potential slowdown in new business acquisition. However, the absence of sole-source contracts suggests that the company is not relying on non-competitive processes to secure business.
What agencies use FEDGOVIT, INC. most?
FEDGOVIT, INC. has not demonstrated a significant dependency on any specific agencies, which is a positive sign. However, the lack of specific agency clients and recent contracts may indicate a need for further engagement with federal agencies to establish a stronger client base. This could be a risk if the company is not able to secure new contracts in the future, as it may lead to a concentration of business in a few key agencies.
What are the risks of relying on FEDGOVIT, INC.?
The risks of relying on FEDGOVIT, INC. include the potential for a slowdown in new business acquisition, as the company has not won any recent contracts. Additionally, the lack of specific agency clients and recent contracts may indicate a need for further diversification and growth in the company's client base. This could be a risk if the company is not able to secure new contracts in the future, as it may lead to a concentration of business in a few key agencies. However, the company's strong track record of winning contracts through competitive bidding is a positive indicator of their market position.
How does FEDGOVIT, INC. compare to similar contractors?
FEDGOVIT, INC. appears to be a competitive player in the federal contracting market, as evidenced by their 100% competitive win rate and the absence of sole-source contracts. The company's focus on competitive bidding suggests a strong ability to secure business through fair competition, which is a positive indicator of their market position. However, the lack of specific agency clients and recent contracts may indicate a need for further diversification and growth in their client base. Overall, FEDGOVIT, INC. is a well-rounded and competitive player in the federal contracting market, but there may be room for improvement in terms of client diversification and recent contract acquisition.
Recent Federal Contracts
Fedgovit, Inc. has 2 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| Treasury's $22M Mail Handling Contract Awarded to Fedgovit, Inc. Amidst Full ... | Department of the Treasury | $22.1M | N/A |
| Treasury's $274K Data Center Cabling IDIQ Task Order Awarded to Fedgovit, Inc. | Department of the Treasury | $27.4K | N/A |