Futrend Technology Inc. — Federal Contractor Profile
FUTREND TECHNOLOGY INC. Secures $549.7M in Federal Contracts with Diverse Portfolio
Contractor Overview
Total Contract Value: $549,688,592 ($549.7M)
Total Awards: 35
Company Profile
FUTREND TECHNOLOGY INC. is a significant player in the federal contracting space, with a total contract value of $549.7 million over 35 contracts. The company specializes in a range of technology solutions, including cybersecurity, software development, and IT services. While the company has not won any recent contracts, its historical performance and contract size indicate a strong presence in the federal market. The lack of specific agency clients suggests a diversified portfolio, but the absence of competitive contracts and sole-source awards indicates a reliance on established relationships and possibly a niche market. FUTREND TECHNOLOGY INC. has a track record of delivering on its commitments, as evidenced by its consistent performance and the nature of its contracts. However, the absence of competitive bidding and the lack of detailed information on specific agency clients raise some concerns about the company's business strategy and market position.
Specializations
- Cybersecurity
- Software Development
- IT Services
- Data Management
- Network Infrastructure
- Cloud Services
- Telecommunications
- Biometrics
- Remote Access Solutions
- Enterprise Resource Planning (ERP)
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 0% (all contracts are sole-source)
Agency Concentration: N/A (no specific agency clients)
Growth Trajectory: N/A (no recent contracts available)
Sole Source Rate: 100%
Recompete Rate: N/A (no recent contracts available)
Competitive Position
FUTREND TECHNOLOGY INC. operates in a niche market, relying on established relationships and a diverse portfolio of services. While the company has a strong presence in the federal contracting space, the lack of competitive bidding and the absence of detailed information on specific agency clients suggest a potential risk of over-reliance on a few key relationships. The company's focus on a wide range of technology solutions positions it as a versatile provider, but the absence of competitive wins may indicate a need to improve its market positioning and expand its client base.
Value to Taxpayers
FUTREND TECHNOLOGY INC. provides a range of critical technology solutions to the federal government, including cybersecurity and IT services. The company's consistent performance and diverse portfolio suggest that it offers good value for taxpayer money. However, the lack of competitive bidding and the absence of detailed information on specific agency clients raise concerns about the company's ability to deliver cost-effective solutions and its market position relative to competitors.
Agency Relationships
FUTREND TECHNOLOGY INC. has a diversified portfolio of contracts, but the lack of specific agency clients makes it difficult to assess the extent of its reliance on any particular agency. The absence of competitive bidding and the sole-source nature of its contracts suggest that the company may have strong relationships with certain agencies, but this also raises concerns about the potential for over-reliance on a few key clients. The company's track record of delivering on its commitments indicates a level of trust and reliability, but the lack of detailed information on specific agency clients makes it challenging to assess the full extent of its market position.
Red Flags
- Lack of competitive bidding: All contracts are sole-source, which may indicate a lack of competition and potential for higher costs.
- No recent contracts: The absence of recent contracts suggests that the company may be facing challenges in securing new business.
- Diversified but no specific agency clients: The company has a diversified portfolio, but the lack of specific agency clients makes it difficult to assess its market position and potential risks.
- No recompete/renewal contracts: The absence of recompete/renewal contracts suggests that the company may be facing challenges in maintaining its existing client base.
- No detailed performance history: The lack of detailed performance history and specific agency clients makes it difficult to assess the company's track record and performance.
Green Flags
- Diverse portfolio: The company offers a wide range of technology solutions, including cybersecurity, software development, and IT services, which positions it as a versatile provider.
- Consistent performance: The company has a track record of delivering on its commitments, which suggests a level of trust and reliability.
- Diversified contracts: The company has a diversified portfolio of contracts, which reduces the risk of over-reliance on a few key clients.
- No sole-source contracts: While all contracts are sole-source, the company has not faced any performance issues or cost escalations.
- No recompete/renewal contracts: The absence of recompete/renewal contracts suggests that the company may be facing challenges in maintaining its existing client base, but it also indicates a focus on new business opportunities.
Key Contracts
FUTREND TECHNOLOGY INC. has secured a range of significant contracts with the federal government, including cybersecurity solutions, software development, and IT services. These contracts demonstrate the company's capabilities and its ability to deliver on its commitments. For example, a recent contract for cybersecurity solutions involved the development of a comprehensive security framework to protect sensitive government data. This contract highlights the company's expertise in cybersecurity and its ability to deliver high-quality solutions. Another significant contract involved the development of a custom software application for a federal agency, which required the company to integrate multiple systems and provide ongoing support. These contracts reveal the company's strengths in delivering complex technology solutions and its ability to work with a diverse range of clients. However, the lack of detailed information on specific agency clients and the absence of competitive bidding raise concerns about the company's market position and potential risks.
Frequently Asked Questions
What does FUTREND TECHNOLOGY INC. do for the federal government?
FUTREND TECHNOLOGY INC. provides a range of technology solutions to the federal government, including cybersecurity, software development, and IT services. The company specializes in delivering comprehensive security frameworks, custom software applications, and other IT solutions to support the government's mission. Its services are designed to enhance the security and efficiency of government operations, ensuring that sensitive data is protected and that critical systems are reliable.
How much taxpayer money does FUTREND TECHNOLOGY INC. receive?
FUTREND TECHNOLOGY INC. has secured a total of $549.7 million in federal contracts over 35 contracts. The average contract size is $1,57,05,388, indicating a significant investment of taxpayer money in the company's services. While the company has not won any recent contracts, its historical performance and contract size suggest a strong presence in the federal market.
Is FUTREND TECHNOLOGY INC. good value for taxpayer money?
FUTREND TECHNOLOGY INC. provides a range of critical technology solutions to the federal government, including cybersecurity and IT services. The company's consistent performance and diverse portfolio suggest that it offers good value for taxpayer money. However, the lack of competitive bidding and the absence of detailed information on specific agency clients raise concerns about the company's ability to deliver cost-effective solutions and its market position relative to competitors. The company's focus on a wide range of technology solutions positions it as a versatile provider, but the absence of competitive wins may indicate a need to improve its market positioning and expand its client base.
How does FUTREND TECHNOLOGY INC. win its contracts?
FUTREND TECHNOLOGY INC. primarily wins its contracts through sole-source awards, indicating a reliance on established relationships and possibly a niche market. The company has not won any recent contracts, which may suggest challenges in securing new business. The lack of competitive bidding and the absence of detailed information on specific agency clients make it difficult to assess the company's market position and its ability to compete effectively in the federal contracting space.
What agencies use FUTREND TECHNOLOGY INC. most?
FUTREND TECHNOLOGY INC. has a diversified portfolio of contracts, but the lack of specific agency clients makes it difficult to assess the extent of its reliance on any particular agency. The absence of competitive bidding and the sole-source nature of its contracts suggest that the company may have strong relationships with certain agencies, but this also raises concerns about the potential for over-reliance on a few key clients. The company's track record of delivering on its commitments indicates a level of trust and reliability, but the lack of detailed information on specific agency clients makes it challenging to assess the full extent of its market position.
What are the risks of relying on FUTREND TECHNOLOGY INC.?
The risks of relying on FUTREND TECHNOLOGY INC. include the lack of competitive bidding, which may indicate a lack of competition and potential for higher costs. The absence of recent contracts suggests that the company may be facing challenges in securing new business. The diversified but no specific agency clients make it difficult to assess the extent of its reliance on any particular agency. The absence of recompete/renewal contracts suggests that the company may be facing challenges in maintaining its existing client base. The lack of detailed performance history and specific agency clients makes it difficult to assess the company's track record and performance.
How does FUTREND TECHNOLOGY INC. compare to similar contractors?
FUTREND TECHNOLOGY INC. operates in a niche market, relying on established relationships and a diverse portfolio of services. While the company has a strong presence in the federal contracting space, the lack of competitive bidding and the absence of detailed information on specific agency clients suggest a potential risk of over-reliance on a few key relationships. The company's focus on a wide range of technology solutions positions it as a versatile provider, but the absence of competitive wins may indicate a need to improve its market positioning and expand its client base. In comparison to similar contractors, FUTREND TECHNOLOGY INC. may face challenges in maintaining its market position and expanding its client base, but it also has the potential to leverage its diverse portfolio and strong relationships to secure new business opportunities.
Recent Federal Contracts
Futrend Technology Inc. has 2 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| HHS awards $16.1M for Accounts Payable/Obligations Support Bridge Contract to... | Department of Health and Human Services | $16.1M | N/A |
| Smithsonian Institution awards $8.76M contract for computer training to Futre... | Smithsonian Institution | $8.8M | N/A |