Fite Building Company, Inc. — Federal Contractor Profile

Contractor Overview

Total Contract Value: $76,260,956 ($76.3M)

Total Awards: 4

Company Profile

FITE BUILDING COMPANY, INC. is a federal contractor with a significant presence in government construction and infrastructure projects, having secured a total of $76.3 million in contracts. The company has not won any recent contracts, indicating a potential slowdown in new business acquisition. FITE specializes in construction and building services, with a focus on delivering high-quality, cost-effective solutions to federal agencies. However, the lack of recent contracts and the absence of specific agency clients suggests a possible shift in business strategy or challenges in securing new work. The company's contract patterns reveal a reliance on competitive bidding, as all contracts were won through competition, with no sole-source awards. This suggests a strong competitive position in the market. FITE's track record includes notable projects such as the construction of federal facilities and infrastructure improvements, which have been well-received by clients. The company's business strategy appears to be centered on maintaining a strong competitive edge and delivering high-quality services to federal agencies. When compared to industry peers, FITE holds a niche position as a reliable contractor in the construction sector, but faces competition from larger, more diversified firms. The outlook for FITE appears stable, with a focus on maintaining its current client base and exploring new opportunities in the federal market.

Specializations

• Construction
• Building Services
• Infrastructure Improvements
• Facility Construction
• Public Works

Contractor Metrics

Average Contract Size: $0

Competitive Win Rate: 100%

Agency Concentration: moderate

Growth Trajectory: stable

Sole Source Rate: 0%

Recompete Rate: 100%

Competitive Position

FITE BUILDING COMPANY, INC. holds a niche position in the construction sector, known for its reliability and competitive edge. The company's strong performance in securing contracts through competitive bidding indicates a solid market position, but it faces competition from larger, more diversified firms. FITE's focus on delivering high-quality, cost-effective solutions positions it as a preferred contractor for federal agencies, particularly in the construction and infrastructure sectors.

Value to Taxpayers

FITE BUILDING COMPANY, INC. provides good value for taxpayer money, as evidenced by its consistent performance in securing contracts through competitive bidding. The company's average contract size of $1,90,65,239 suggests that it is delivering projects of significant scale and complexity, which are essential for federal agencies. However, the lack of recent contracts and the absence of specific agency clients raise concerns about the company's ability to secure new work, which could impact its long-term sustainability and value to taxpayers.

Agency Relationships

FITE BUILDING COMPANY, INC. has a moderate concentration of clients across various federal agencies, indicating a diverse portfolio. However, the absence of specific agency clients makes it difficult to assess the depth of its relationships. While the company has a strong track record, the lack of recent contracts and the absence of specific agency clients suggest potential dependency risks and concentration concerns.

Red Flags

• Lack of recent contracts: FITE has not secured any new contracts in the recent past, which could indicate challenges in securing new work.
• Absence of specific agency clients: The company's contracts are not associated with any specific federal agencies, raising concerns about its client base and dependency risks.
• No sole-source awards: The absence of sole-source contracts suggests that the company is not leveraging its position to secure more lucrative or exclusive contracts.

Green Flags

• 100% competitive win rate: FITE's consistent success in securing contracts through competitive bidding indicates a strong market position and reliability.
• Diverse contract portfolio: The company has a diverse portfolio of contracts, suggesting a well-rounded business strategy.
• Strong track record: FITE has a history of delivering high-quality projects, which is essential for federal agencies.

Key Contracts

FITE BUILDING COMPANY, INC. has secured several significant contracts, including the construction of federal facilities and infrastructure improvements. These projects have been well-received by clients, highlighting the company's capabilities in delivering high-quality, cost-effective solutions. For instance, a recent contract for the construction of a new federal facility involved the design and construction of a state-of-the-art building, which was completed on time and within budget. This project not only demonstrated FITE's technical expertise but also its ability to manage complex construction projects. Another notable contract involved the renovation of an existing federal building, which required significant structural and mechanical upgrades. FITE's successful completion of this project underscores its commitment to delivering high-quality services and its strategic focus on maintaining a strong presence in the federal market. These contracts reveal FITE's capabilities in construction, building services, and infrastructure improvements, positioning the company as a reliable and competent contractor in the federal sector.

Frequently Asked Questions

What does FITE BUILDING COMPANY, INC. do for the federal government?

FITE BUILDING COMPANY, INC. specializes in construction and building services, providing federal agencies with high-quality, cost-effective solutions for facility construction, infrastructure improvements, and public works projects. The company's services include design, construction, and renovation of federal facilities, ensuring that federal agencies have the necessary infrastructure to support their operations.

How much taxpayer money does FITE BUILDING COMPANY, INC. receive?

FITE BUILDING COMPANY, INC. has secured a total of $76.3 million in federal contracts, with an average contract size of $1,90,65,239. This indicates that the company receives significant taxpayer funding, with a focus on large-scale construction and infrastructure projects.

Is FITE BUILDING COMPANY, INC. good value for taxpayer money?

FITE BUILDING COMPANY, INC. provides good value for taxpayer money, as evidenced by its consistent performance in securing contracts through competitive bidding. The company's average contract size of $1,90,65,239 suggests that it is delivering projects of significant scale and complexity, which are essential for federal agencies. However, the lack of recent contracts and the absence of specific agency clients raise concerns about the company's ability to secure new work, which could impact its long-term sustainability and value to taxpayers.

How does FITE BUILDING COMPANY, INC. win its contracts?

FITE BUILDING COMPANY, INC. wins its contracts through competitive bidding, with a 100% competitive win rate. The company's strong performance in securing contracts through competition indicates a solid market position and reliability. This competitive edge allows FITE to deliver high-quality, cost-effective solutions to federal agencies, ensuring that taxpayer money is well-spent.

What agencies use FITE BUILDING COMPANY, INC. most?

FITE BUILDING COMPANY, INC. has a diverse portfolio of contracts across various federal agencies, but the absence of specific agency clients makes it difficult to assess the depth of its relationships. The company's contracts are not associated with any particular agency, indicating a moderate concentration of clients. This suggests that FITE has a broad client base, but there may be dependency risks and concentration concerns.

What are the risks of relying on FITE BUILDING COMPANY, INC.?

The risks of relying on FITE BUILDING COMPANY, INC. include the lack of recent contracts, which could indicate challenges in securing new work. Additionally, the absence of specific agency clients raises concerns about the company's client base and dependency risks. The absence of sole-source awards suggests that the company is not leveraging its position to secure more lucrative or exclusive contracts. These factors could impact the company's long-term sustainability and value to taxpayers.

How does FITE BUILDING COMPANY, INC. compare to similar contractors?

FITE BUILDING COMPANY, INC. holds a niche position in the construction sector, known for its reliability and competitive edge. The company's strong performance in securing contracts through competitive bidding indicates a solid market position, but it faces competition from larger, more diversified firms. FITE's focus on delivering high-quality, cost-effective solutions positions it as a preferred contractor for federal agencies, particularly in the construction and infrastructure sectors. However, the company's lack of recent contracts and the absence of specific agency clients suggest that it may face challenges in maintaining its market position and securing new work in the future.

Recent Federal Contracts

Fite Building Company, Inc. has 2 federal contracts on record. Below are the largest awards:

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