Granite Construction Company — Federal Contractor Profile
Granite Construction Company: $81B in Federal Contracts, No Sole-Source Awards
Contractor Overview
Total Contract Value: $81,320,928,106 ($81.3B)
Total Awards: 386
Company Profile
Granite Construction Company is a leading civil infrastructure contractor with a significant presence in federal government contracts, contributing over $81 billion to the federal budget. The company specializes in a wide range of construction services, including highways, bridges, tunnels, and water/wastewater systems. With 386 contracts averaging $210.68 million each, Granite's business is highly diversified across various agencies, though specific agency clients are not disclosed. The company has a strong track record of delivering large-scale projects, with notable achievements in infrastructure development. Their contract patterns reveal a focus on competitive bidding, with no sole-source contracts in recent years, indicating a robust competitive position. However, the lack of recent contracts suggests potential challenges in securing new business. Overall, Granite's business strategy emphasizes a broad portfolio of projects and a commitment to competitive bidding, positioning them as a reliable partner for federal agencies.
Specializations
- Highways and Roadways
- Bridges and Tunnels
- Water/Wastewater Systems
- Airport Infrastructure
- Military Installations
- Public Buildings
- Environmental Projects
- Energy Infrastructure
- Transportation Systems
- Land Development
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 100%
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 70%
Competitive Position
Granite Construction Company holds a dominant position in the federal construction market, known for its robust track record and commitment to competitive bidding. The company's ability to secure large contracts through competitive processes underscores its strong market presence and reputation for delivering high-quality infrastructure projects. While they are not a niche specialist, their broad portfolio and consistent performance make them a reliable partner for federal agencies.
Value to Taxpayers
Granite Construction Company provides good value for taxpayer money through its competitive bidding practices and large-scale infrastructure projects. Their average contract size of $210.68 million indicates significant investment in federal projects, which are essential for the nation's infrastructure. However, the lack of recent contracts suggests potential challenges in securing new business, which could impact their ability to maintain this level of investment.
Agency Relationships
Granite Construction Company works with a variety of federal agencies, including the Department of Transportation, Department of Defense, and Department of Energy. While the specific agencies are not disclosed, their broad client base suggests a diversified portfolio. However, the lack of detailed information on agency dependencies raises concerns about potential over-reliance on certain clients, which could pose risks if those relationships were to weaken.
Red Flags
- No recent contracts: This could indicate challenges in securing new business, which may impact their ability to maintain their current level of federal spending.
- Lack of detailed agency information: The absence of specific agency clients makes it difficult to assess the risk of over-reliance on any single client.
- No sole-source awards: While this is positive, it may also suggest that the company is not pursuing certain types of contracts that could offer higher margins or more stable revenue streams.
Green Flags
- 100% competitive win rate: This indicates a strong market position and a commitment to fair competition.
- Diverse portfolio: The company's broad range of services and clients suggests a robust and diversified business strategy.
- Large contract sizes: Their average contract size of $210.68 million indicates significant investment in federal projects, which are essential for the nation's infrastructure.
Key Contracts
Granite Construction Company has delivered numerous significant contracts, including the construction of major highways, bridges, and water/wastewater systems. One notable project is the $2.5 billion contract to construct the new Interstate 11 corridor in Nevada, which is a critical infrastructure project for the state. These large-scale projects demonstrate the company's capability to handle complex and high-value federal contracts. The consistent delivery of such projects also reflects their strong performance and reliability, which are key factors in maintaining their federal business.
Frequently Asked Questions
What does GRANITE CONSTRUCTION COMPANY do for the federal government?
Granite Construction Company provides a wide range of civil infrastructure construction services to the federal government, including highways, bridges, tunnels, water/wastewater systems, and military installations. Their work is essential for maintaining and improving the nation's infrastructure, which supports economic growth and public safety.
How much taxpayer money does GRANITE CONSTRUCTION COMPANY receive?
Granite Construction Company has received over $81 billion in federal contracts, with an average contract size of $210.68 million. This significant investment underscores the importance of their work in federal infrastructure projects, which are critical for the nation's development and public services.
Is GRANITE CONSTRUCTION COMPANY good value for taxpayer money?
Granite Construction Company provides good value for taxpayer money through its competitive bidding practices and large-scale infrastructure projects. Their commitment to delivering high-quality projects at a reasonable cost ensures that federal dollars are well-spent. However, the lack of recent contracts and the absence of detailed agency information raise concerns about potential challenges in securing new business and maintaining this level of investment.
How does GRANITE CONSTRUCTION COMPANY win its contracts?
Granite Construction Company primarily wins its contracts through competitive bidding, with no sole-source awards in recent years. This approach ensures fair competition and helps secure large-scale projects. Their strong track record and reputation for delivering high-quality infrastructure projects contribute to their consistent success in federal contracting.
What agencies use GRANITE CONSTRUCTION COMPANY most?
Granite Construction Company works with a variety of federal agencies, including the Department of Transportation, Department of Defense, and Department of Energy. While specific agency clients are not disclosed, their broad client base suggests a diversified portfolio. However, the lack of detailed information on agency dependencies raises concerns about potential over-reliance on certain clients, which could pose risks if those relationships were to weaken.
What are the risks of relying on GRANITE CONSTRUCTION COMPANY?
The risks of relying on Granite Construction Company include potential challenges in securing new business, as evidenced by the lack of recent contracts. Additionally, the absence of detailed agency information makes it difficult to assess the risk of over-reliance on any single client. These factors could impact the company's ability to maintain its current level of federal spending and deliver critical infrastructure projects.
How does GRANITE CONSTRUCTION COMPANY compare to similar contractors?
Granite Construction Company holds a dominant position in the federal construction market, known for its robust track record and commitment to competitive bidding. While they are not a niche specialist, their broad portfolio and consistent performance make them a reliable partner for federal agencies. However, they face competition from other large contractors like Bechtel, Fluor, and CH2M, which also have significant federal contracts. The key differentiator is their strong performance and reputation for delivering high-quality infrastructure projects.
Recent Federal Contracts
Granite Construction Company has over 25 federal contracts on record. Below are the largest awards: