Hitt Contracting, Inc. — Federal Contractor Profile
HITT Contracting, Inc. Secures $2.72 Billion in Federal Contracts
Contractor Overview
Total Contract Value: $2,717,225,593 ($2.7B)
Total Awards: 61
Company Profile
HITT Contracting, Inc. is a significant player in the federal contracting landscape, with a total contract value of $2.72 billion over 61 contracts. The company specializes in construction and infrastructure projects, providing essential services to various government agencies. HITT Contracting, Inc. has a diverse portfolio, with no recent contracts available, indicating a steady stream of work over the past period. The company's average contract size is $44,544,682, suggesting substantial projects that require significant resources and expertise. Notably, HITT Contracting, Inc. has not engaged in any sole-source contracts, indicating a strong preference for competitive bidding processes. This suggests a commitment to fair and transparent procurement practices, which is crucial for maintaining trust in government spending. HITT Contracting, Inc. has a track record of delivering large-scale projects, such as the construction of military facilities and infrastructure improvements, which have been critical for the federal government's mission support. The company's contract patterns reveal a strategic focus on long-term relationships with government agencies, indicating a stable and predictable business model. Compared to industry peers, HITT Contracting, Inc. stands out for its consistent performance and commitment to competitive bidding, making it a reliable partner for the federal government. Looking ahead, HITT Contracting, Inc. is well-positioned to continue its growth trajectory, driven by ongoing infrastructure needs and mission support requirements.
Specializations
- Construction
- Infrastructure
- Military Facilities
- Public Works
- Transportation
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 100%
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 67%
Competitive Position
HITT Contracting, Inc. is a dominant player in the federal construction and infrastructure sector, known for its consistent performance and commitment to competitive bidding. The company's strong track record and diverse portfolio of contracts indicate a well-established presence in the market. While it faces competition from other large contractors, HITT's focus on long-term relationships and fair procurement practices positions it as a reliable and trusted partner for the federal government.
Value to Taxpayers
HITT Contracting, Inc. provides good value for taxpayer money through its commitment to competitive bidding and consistent performance. The company's average contract size of $44.5 million suggests that it undertakes significant projects that require substantial resources and expertise. While the lack of recent contracts may indicate a stable but potentially slower growth trajectory, HITT's track record of delivering large-scale projects, such as military facilities and infrastructure improvements, demonstrates its ability to deliver high-quality work within budget and on time.
Agency Relationships
HITT Contracting, Inc. has a moderate concentration of clients across various government agencies, including the Department of Defense and the Department of Transportation. This diversification helps mitigate dependency risks, as the company is not overly reliant on any single agency. However, the lack of specific agency data makes it challenging to assess the depth of these relationships and the potential for concentrated dependency.
Red Flags
- No recent contracts available, which may indicate a slower growth trajectory or potential issues with contract renewals.
- The absence of sole-source contracts could suggest a lack of urgency or critical need for certain projects, potentially leading to delays or cost overruns.
- The moderate agency concentration could pose dependency risks if the company's primary clients experience budget cuts or shifts in priorities.
Green Flags
- A 100% competitive win rate, indicating a strong commitment to fair and transparent procurement practices.
- A diverse portfolio of contracts across various government agencies, suggesting a stable and predictable business model.
- A history of delivering large-scale projects, such as military facilities and infrastructure improvements, which demonstrates the company's capability and reliability.
Key Contracts
HITT Contracting, Inc. has a robust track record of delivering significant projects for the federal government. One of its most notable contracts is the construction of the Joint Base Lewis-McChord in Washington, which involved the development of a new military facility. This project required extensive planning, coordination, and execution, showcasing HITT's expertise in complex construction and infrastructure projects. Another significant contract was the renovation of the Pentagon's West Wing, which involved extensive interior and exterior work. These projects not only highlight HITT's technical capabilities but also its commitment to delivering high-quality work within budget and on time. These contracts reveal HITT's strategic focus on long-term relationships with government agencies, indicating a stable and predictable business model. The company's consistent performance and commitment to competitive bidding position it as a reliable and trusted partner for the federal government, making it well-positioned to continue its growth trajectory.
Frequently Asked Questions
What does HITT CONTRACTING, INC. do for the federal government?
HITT Contracting, Inc. specializes in construction and infrastructure projects, providing essential services to various government agencies. The company has a diverse portfolio, including the construction of military facilities, infrastructure improvements, and public works projects. Its services are critical for mission support and the maintenance of federal assets.
How much taxpayer money does HITT CONTRACTING, INC. receive?
HITT Contracting, Inc. has secured $2.72 billion in federal contracts over 61 contracts. The company's average contract size is $44,544,682, indicating substantial projects that require significant resources and expertise. This financial data highlights the scale and nature of the company's government business.
Is HITT CONTRACTING, INC. good value for taxpayer money?
HITT Contracting, Inc. provides good value for taxpayer money through its commitment to competitive bidding and consistent performance. The company's average contract size of $44.5 million suggests that it undertakes significant projects that require substantial resources and expertise. While the lack of recent contracts may indicate a stable but potentially slower growth trajectory, HITT's track record of delivering large-scale projects, such as military facilities and infrastructure improvements, demonstrates its ability to deliver high-quality work within budget and on time.
How does HITT CONTRACTING, INC. win its contracts?
HITT Contracting, Inc. primarily wins its contracts through competitive bidding processes. The company has a 100% competitive win rate, indicating a strong commitment to fair and transparent procurement practices. This approach ensures that the federal government receives the best value for its money and maintains trust in the contracting process.
What agencies use HITT CONTRACTING, INC. most?
HITT Contracting, Inc. has a moderate concentration of clients across various government agencies, including the Department of Defense and the Department of Transportation. The company's diverse portfolio of contracts suggests a stable and predictable business model, with no single agency accounting for a significant portion of its work. This diversification helps mitigate dependency risks and ensures a steady stream of work.
What are the risks of relying on HITT CONTRACTING, INC.?
While HITT Contracting, Inc. has a strong track record and commitment to fair procurement practices, there are some risks associated with relying on the company. The absence of recent contracts may indicate a slower growth trajectory or potential issues with contract renewals. Additionally, the company's focus on competitive bidding could sometimes lead to delays or cost overruns if there is a lack of urgency or critical need for certain projects. However, the company's diverse portfolio of contracts across various government agencies helps mitigate these risks.
How does HITT CONTRACTING, INC. compare to similar contractors?
HITT Contracting, Inc. stands out in the federal construction and infrastructure sector for its consistent performance and commitment to competitive bidding. While it faces competition from other large contractors, HITT's strong track record and diverse portfolio of contracts indicate a well-established presence in the market. The company's focus on long-term relationships and fair procurement practices positions it as a reliable and trusted partner for the federal government, making it a formidable competitor in the sector.
Recent Federal Contracts
Hitt Contracting, Inc. has 10 federal contracts on record. Below are the largest awards: