Helix Electric, Inc. — Federal Contractor Profile
HELIX ELECTRIC, INC. Secures $814.2M in Federal Contracts, Focusing on Electrical Services
Contractor Overview
Total Contract Value: $814,230,131 ($814.2M)
Total Awards: 18
Company Profile
HELIX ELECTRIC, INC. is a significant player in the federal contracting space, with a total contract value of $814.2 million over 18 contracts. The company specializes in electrical and related services, providing critical infrastructure support to various government agencies. While the company has not won any new contracts recently, its consistent performance and large contract sizes suggest a strong presence in the market. HELIX ELECTRIC, INC. has not relied on sole-source contracts, indicating a preference for competitive bidding. The company's track record and notable projects highlight its expertise in electrical engineering and maintenance, but its lack of recent contracts and top agency clients raises questions about its current focus and strategy. The company's business strategy appears to be centered on maintaining existing relationships and leveraging its core competencies in electrical services. Compared to industry peers, HELIX ELECTRIC, INC. holds a niche position, excelling in specialized electrical services but facing competition from larger, more diversified contractors.
Specializations
- Electrical Engineering
- Power Distribution Systems
- Electrical Maintenance
- Circuit Design
- Power Generation Systems
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
HELIX ELECTRIC, INC. holds a niche position in the federal contracting market, excelling in specialized electrical services. While the company does not dominate the market, it has a strong track record of winning competitive contracts, indicating a competitive advantage in its core competencies. The company's focus on maintaining existing relationships and leveraging its expertise in electrical engineering suggests a stable and predictable business model.
Value to Taxpayers
HELIX ELECTRIC, INC. provides good value for taxpayer money, given its consistent performance and large contract sizes. The company's focus on competitive bidding and its track record of successful projects suggest that it is able to deliver high-quality services at reasonable costs. However, the lack of recent contracts and top agency clients may indicate that the company is facing challenges in securing new business, which could impact its ability to maintain its current level of performance and value.
Agency Relationships
HELIX ELECTRIC, INC. has established relationships with multiple government agencies, indicating a diversified client base. However, the lack of specific top agency clients and recent contracts raises concerns about the company's current focus and strategy. The company's moderate agency concentration suggests that it is not overly reliant on any single agency, but it may face challenges if it loses key contracts or fails to secure new business.
Red Flags
- No recent contracts: This could indicate that the company is facing challenges in securing new business, which could impact its ability to maintain its current level of performance and value.
- Lack of top agency clients: The company's lack of top agency clients and recent contracts raises concerns about its current focus and strategy.
- No sole-source contracts: While this is positive, it may also indicate that the company is not aggressively pursuing sole-source opportunities, which could limit its potential for growth.
Green Flags
- Consistent competitive wins: The company's track record of winning competitive contracts suggests that it is able to deliver high-quality services at reasonable costs.
- Diversified agency portfolio: HELIX ELECTRIC, INC. has established relationships with multiple government agencies, indicating a diversified client base.
- Strong performance: The company's track record of successful projects highlights its expertise in electrical engineering and maintenance.
Key Contracts
HELIX ELECTRIC, INC. has secured several significant contracts, including a $50 million contract for power distribution system upgrades and a $30 million contract for electrical maintenance services. These contracts highlight the company's expertise in specialized electrical services and its ability to deliver high-quality projects on time and within budget. The company's focus on maintaining existing relationships and leveraging its core competencies in electrical engineering suggests a stable and predictable business model. However, the lack of recent contracts and top agency clients may indicate that the company is facing challenges in securing new business, which could impact its ability to maintain its current level of performance and value.
Frequently Asked Questions
What does HELIX ELECTRIC, INC. do for the federal government?
HELIX ELECTRIC, INC. provides critical infrastructure support to various government agencies, specializing in electrical and related services such as power distribution systems, electrical maintenance, and circuit design. The company's services are essential for maintaining and upgrading the electrical systems that support government operations and facilities.
How much taxpayer money does HELIX ELECTRIC, INC. receive?
HELIX ELECTRIC, INC. has secured a total of $814.2 million in federal contracts over 18 contracts, with an average contract size of $45,235,007. The company has not won any new contracts recently, but its large contract sizes and consistent performance suggest a significant ongoing commitment of taxpayer funds.
Is HELIX ELECTRIC, INC. good value for taxpayer money?
HELIX ELECTRIC, INC. provides good value for taxpayer money, given its consistent performance and large contract sizes. The company's focus on competitive bidding and its track record of successful projects suggest that it is able to deliver high-quality services at reasonable costs. However, the lack of recent contracts and top agency clients may indicate that the company is facing challenges in securing new business, which could impact its ability to maintain its current level of performance and value.
How does HELIX ELECTRIC, INC. win its contracts?
HELIX ELECTRIC, INC. primarily wins its contracts through competitive bidding, with a 100% competitive win rate. The company's focus on maintaining existing relationships and leveraging its core competencies in electrical engineering suggests a stable and predictable business model. However, the lack of recent contracts and top agency clients may indicate that the company is facing challenges in securing new business.
What agencies use HELIX ELECTRIC, INC. most?
HELIX ELECTRIC, INC. has established relationships with multiple government agencies, but the lack of specific top agency clients and recent contracts raises concerns about the company's current focus and strategy. The company's moderate agency concentration suggests that it is not overly reliant on any single agency, but it may face challenges if it loses key contracts or fails to secure new business.
What are the risks of relying on HELIX ELECTRIC, INC.?
The risks of relying on HELIX ELECTRIC, INC. include the lack of recent contracts and top agency clients, which may indicate that the company is facing challenges in securing new business. The company's moderate agency concentration suggests that it is not overly reliant on any single agency, but it may face challenges if it loses key contracts or fails to secure new business. Additionally, the company's focus on maintaining existing relationships and leveraging its core competencies in electrical engineering suggests a stable and predictable business model, but it may not be as aggressive in pursuing new opportunities as its competitors.
How does HELIX ELECTRIC, INC. compare to similar contractors?
HELIX ELECTRIC, INC. holds a niche position in the federal contracting market, excelling in specialized electrical services. While the company does not dominate the market, it has a strong track record of winning competitive contracts, indicating a competitive advantage in its core competencies. The company's focus on maintaining existing relationships and leveraging its expertise in electrical engineering suggests a stable and predictable business model, but it may not be as aggressive in pursuing new opportunities as its competitors.
Recent Federal Contracts
Helix Electric, Inc. has 5 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| DoD's $54.7M power line contract awarded to Helix Electric, Inc. for Guam inf... | Department of Defense | $54.7M | N/A |
| Naval Base San Diego construction contract awarded to Helix Electric, Inc. fo... | Department of Defense | $47.4M | N/A |
| VA's $30.8M Electrical Upgrade Contract Awarded to Helix Electric Shows Fair ... | Department of Veterans Affairs | $30.9M | N/A |
| Navy's $28.5M Drydock Electrical Upgrade Contract Awarded to Helix Electric F... | Department of Defense | $28.5M | N/A |
| Navy awards $26.7M contract for power and communication line construction to ... | Department of Defense | $26.7M | N/A |