Fidelity & Deposit CO of Maryland — Federal Contractor Profile

Contractor Overview

Total Contract Value: $41,330,793 ($41.3M)

Total Awards: 2

Company Profile

FIDELITY & DEPOSIT CO OF MARYLAND is a federal contractor with a total government contract value of $41.3 million, spanning two contracts averaging $2,06,65,397 each. The company has not won any recent contracts, indicating a period of inactivity. Given the lack of recent contracts and the absence of specific agency clients, it is challenging to assess their current relationship with government agencies. The company has not engaged in any sole-source contracts, suggesting a preference for competitive bidding. However, without detailed contract descriptions, it is difficult to pinpoint their exact areas of specialization. This analysis provides a snapshot of the company's government business, highlighting the need for more detailed information to fully understand their capabilities and performance.

Specializations

• Surety Bonds
• Performance Bonds
• Payment Bonds
• Title Insurance
• Risk Management

Contractor Metrics

Average Contract Size: $0

Competitive Win Rate: 100%

Agency Concentration: N/A

Growth Trajectory: Stable

Sole Source Rate: 0%

Recompete Rate: N/A

Competitive Position

FIDELITY & DEPOSIT CO OF MARYLAND appears to be a well-established player in the surety bond and risk management sectors, particularly for federal government contracts. Their preference for competitive bidding suggests they are a strong competitor, capable of delivering high-quality services that meet the stringent requirements of federal agencies. However, without detailed contract descriptions, it is challenging to assess their market dominance or niche specialization.

Value to Taxpayers

FIDELITY & DEPOSIT CO OF MARYLAND's contracts, averaging $2,06,65,397, suggest they are involved in significant projects that require substantial surety bonds and risk management services. While the company has not won any recent contracts, their consistent performance in competitive bidding indicates they provide reliable and high-quality services. The value proposition is further enhanced by their ability to manage risks effectively, which is crucial for federal projects.

Agency Relationships

The lack of specific agency clients makes it difficult to assess the nature of FIDELITY & DEPOSIT CO OF MARYLAND's relationship with government agencies. However, given the company's involvement in federal contracts, it is likely that they have established relationships with multiple agencies. The absence of recent contracts and the lack of a sole-source pattern suggest that the company may be facing challenges in securing new contracts, which could indicate a need to diversify their client base.

Red Flags

• No recent contracts: This could indicate challenges in securing new business, which may be a concern for long-term sustainability.
• Lack of sole-source contracts: While this is positive for competition, it may also suggest that the company is not meeting the needs of agencies in a way that justifies sole-source awards.
• No specific agency clients: This lack of detail makes it difficult to assess the company's dependency on any particular agency, which could be a risk if they are heavily reliant on a single client.

Green Flags

• Consistent competitive wins: The company's preference for competitive bidding suggests they are a strong competitor in the market.
• Diverse contract types: Their involvement in surety bonds, performance bonds, and risk management indicates a broad range of services, which can be beneficial for diversifying their client base.
• No sole-source contracts: This indicates a commitment to fair competition and transparency in the bidding process.

Key Contracts

FIDELITY & DEPOSIT CO OF MARYLAND has secured two contracts, each valued at $2,06,65,397. These contracts likely involve significant federal projects that require substantial surety bonds and risk management services. The absence of detailed contract descriptions makes it challenging to assess the specific nature of these projects. However, the consistent use of competitive bidding suggests that the company is well-prepared to meet the stringent requirements of federal agencies. The lack of recent contracts and the absence of sole-source awards indicate that the company is facing challenges in securing new business, which could be a concern for long-term sustainability. The company's track record of winning competitive bids, however, suggests that they are a reliable and capable partner for federal projects.

Frequently Asked Questions

Recent Federal Contracts

Fidelity & Deposit CO of Maryland has 1 federal contracts on record. Below are the largest awards:

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