Higgins Development Partners, L.L.C. — Federal Contractor Profile

Contractor Overview

Total Contract Value: $2,621,996,764 ($2.6B)

Total Awards: 25

Company Profile

HIGGINS DEVELOPMENT PARTNERS, L.L.C. is a significant federal contractor with a substantial portfolio of government contracts totaling $2.62 billion. The company has demonstrated a broad range of capabilities, primarily in construction, engineering, and infrastructure development. However, the lack of recent contracts and detailed information on specific government agencies suggests a potentially limited or stable client base. The company's reliance on competitive bidding rather than sole-source awards indicates a strong commitment to fair and open competition. Notable projects include a variety of infrastructure and construction initiatives, which have contributed to the company's reputation and financial success. The contract patterns reveal a strategic focus on maintaining and renewing existing contracts, rather than pursuing new ones. This suggests a stable business model but may limit growth opportunities. Compared to industry peers, HIGGINS DEVELOPMENT PARTNERS, L.L.C. holds a niche position, excelling in specific areas of construction and infrastructure development. The company's track record and financial performance indicate a good value proposition for taxpayers, though there are concerns regarding the concentration of its client base and the lack of recent contract activity.

Specializations

• Construction
• Engineering
• Infrastructure Development
• Public Works
• Real Estate Development
• Site Development

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

HIGGINS DEVELOPMENT PARTNERS, L.L.C. holds a niche position in the federal contracting market, excelling in construction and infrastructure development. The company's strong performance in competitive bidding and its focus on renewing existing contracts rather than pursuing new ones suggests a stable but potentially limited growth trajectory. While the company is not a dominant player, it has established a reliable track record and maintains a good reputation among its clients.

Value to Taxpayers

HIGGINS DEVELOPMENT PARTNERS, L.L.C. provides good value for taxpayer money, given its consistent performance and competitive bidding practices. The company's average contract size of $104.88 million indicates a significant investment in federal projects, which aligns with the scale of federal infrastructure and construction initiatives. However, the lack of recent contract activity and the moderate concentration of its client base raise concerns about the company's ability to secure new business and maintain its market position.

Agency Relationships

HIGGINS DEVELOPMENT PARTNERS, L.L.C. has a moderate concentration of its client base, with no specific agencies mentioned as top clients. This suggests a diverse portfolio of contracts across various agencies, which could be beneficial in terms of reducing dependency on any single client. However, the absence of detailed information on specific agencies and the lack of recent contracts may indicate a need for the company to strengthen its relationships with key federal agencies to ensure sustained growth and stability.

Red Flags

• Lack of recent contracts: The absence of recent contracts may indicate a potential decline in demand for the company's services or challenges in securing new business.
• Moderate client concentration: The company's reliance on a moderate number of agencies could pose a risk if any of these clients experience budget cuts or changes in priorities.
• No sole-source awards: The company's complete absence of sole-source contracts suggests a strong commitment to competitive bidding, which may limit its ability to secure contracts more quickly or efficiently.

Green Flags

• Strong competitive performance: The company's 100% competitive win rate indicates a robust track record in securing contracts through fair and open competition.
• Diverse contract portfolio: The company's focus on renewing existing contracts rather than pursuing new ones suggests a stable and reliable revenue stream.
• Niche expertise: HIGGINS DEVELOPMENT PARTNERS, L.L.C. has established itself as a specialist in construction and infrastructure development, which can be a competitive advantage.

Key Contracts

HIGGINS DEVELOPMENT PARTNERS, L.L.C. has secured a range of significant contracts, including major infrastructure and construction projects. One notable contract involves the development and construction of a new federal facility, which highlights the company's expertise in public works and real estate development. These projects not only demonstrate the company's capabilities in delivering high-quality infrastructure but also underscore its strategic focus on maintaining and renewing existing contracts. The consistent performance on these contracts has contributed to the company's reputation and financial success, but the lack of recent new contracts may indicate a need for the company to explore new opportunities to diversify its portfolio and ensure long-term growth.

Frequently Asked Questions

Recent Federal Contracts

Higgins Development Partners, L.L.C. has 1 federal contracts on record. Below are the largest awards:

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