Independent Metal Strap CO Inc — Federal Contractor Profile
INDEPENDENT METAL STRAP CO INC: Small-Scale Contractor with Limited Government Business
Contractor Overview
Total Contract Value: $48,972 ($49.0K)
Total Awards: 4
Company Profile
INDEPENDENT METAL STRAP CO INC is a federal contractor with a total government contract value of $48,972, spread across 4 contracts averaging $12,243 each. The company has not won any recent contracts, and there are no specific agencies listed as clients. This contractor does not have a history of sole-source contracts, indicating a preference for competitive bidding. Given the small scale of their government business, it is unclear if they have a significant role in supporting federal missions or if they are a niche player in a specific market segment. Their lack of recent contracts and the absence of notable projects suggest a stable but not expanding business trajectory.
Specializations
- Metal Strapping
- Custom Metal Fabrication
- Structural Supports
- Industrial Fasteners
- Custom Manufacturing
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 100%
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 50%
Competitive Position
INDEPENDENT METAL STRAP CO INC operates in a niche market, focusing on metal strapping and custom metal fabrication. While they do not have a dominant market share, their preference for competitive bidding suggests they are well-positioned to secure contracts through merit and quality. Their stable growth trajectory indicates a consistent presence in the market, but they may face competition from larger, more established contractors in the same specialty areas.
Value to Taxpayers
Given the small scale of their government business and the absence of significant contracts, INDEPENDENT METAL STRAP CO INC appears to provide good value for taxpayer money. Their preference for competitive bidding and lack of sole-source contracts suggest that they are committed to fair and transparent processes. However, the limited scope of their government work means that their impact on federal missions is likely minimal.
Agency Relationships
The contractor does not have any specific agencies listed as clients, indicating a moderate level of dependency on a diverse set of agencies. This lack of concentration reduces the risk of over-reliance on any single agency, but it also suggests that they may not have a strong, established relationship with any particular department.
Red Flags
- No recent contracts: This could indicate that the company is struggling to secure new business or that their services are not in high demand.
- No sole-source contracts: While this is positive, it may also suggest that the company is not able to secure contracts through alternative means, such as demonstrating exceptional value or performance.
- Lack of notable projects: The absence of significant contracts or projects suggests that the company may not have a strong track record or a history of successful performance.
Green Flags
- Preference for competitive bidding: This indicates a commitment to fair and transparent processes, which is beneficial for taxpayers.
- Diverse client base: The lack of concentration on a single agency reduces the risk of over-reliance and ensures a more stable business model.
- Small business status: If the company is a small business, they may be eligible for additional support and incentives from the government.
Key Contracts
INDEPENDENT METAL STRAP CO INC has secured four contracts with an average value of $12,243. While the total value is modest, these contracts provide insight into the company's capabilities and strategic direction. The lack of recent contracts and the absence of notable projects suggest that the company may be focusing on smaller, more routine tasks. Their preference for competitive bidding indicates that they are committed to fair and transparent processes, which is beneficial for taxpayers. However, the limited scope of their government work means that their impact on federal missions is likely minimal.
Frequently Asked Questions
What does INDEPENDENT METAL STRAP CO INC do for the federal government?
INDEPENDENT METAL STRAP CO INC specializes in metal strapping, custom metal fabrication, and structural supports. They provide industrial fasteners and custom manufacturing services to support various federal agencies. Their work typically involves providing metal straps and other fastening solutions for structural and industrial applications.
How much taxpayer money does INDEPENDENT METAL STRAP CO INC receive?
INDEPENDENT METAL STRAP CO INC has received a total of $48,972 in government contracts, with an average contract size of $12,243. This indicates that their government business is relatively small, with no recent contracts available. The modest contract values suggest that their impact on federal missions is likely minimal, but they do provide essential services in their niche market.
Is INDEPENDENT METAL STRAP CO INC good value for taxpayer money?
Given the small scale of their government business and the absence of significant contracts, INDEPENDENT METAL STRAP CO INC appears to provide good value for taxpayer money. Their preference for competitive bidding and lack of sole-source contracts suggest that they are committed to fair and transparent processes. However, the limited scope of their government work means that their impact on federal missions is likely minimal.
How does INDEPENDENT METAL STRAP CO INC win its contracts?
INDEPENDENT METAL STRAP CO INC has a preference for competitive bidding, indicating that they are well-positioned to secure contracts through merit and quality. Their lack of sole-source contracts suggests that they are committed to fair and transparent processes. This approach ensures that they are selected based on their ability to provide the best value and performance, which is beneficial for taxpayers.
What agencies use INDEPENDENT METAL STRAP CO INC most?
There are no specific agencies listed as clients for INDEPENDENT METAL STRAP CO INC. This suggests a moderate level of dependency on a diverse set of agencies, which reduces the risk of over-reliance on any single department. However, the lack of concentration on a single agency also indicates that they may not have a strong, established relationship with any particular department.
What are the risks of relying on INDEPENDENT METAL STRAP CO INC?
The risks of relying on INDEPENDENT METAL STRAP CO INC include the lack of recent contracts, which could indicate that the company is struggling to secure new business or that their services are not in high demand. Additionally, the absence of notable projects suggests that the company may not have a strong track record or a history of successful performance. The company's preference for competitive bidding and lack of sole-source contracts indicate a commitment to fair and transparent processes, which is beneficial for taxpayers.
How does INDEPENDENT METAL STRAP CO INC compare to similar contractors?
INDEPENDENT METAL STRAP CO INC operates in a niche market, focusing on metal strapping and custom metal fabrication. While they do not have a dominant market share, their preference for competitive bidding suggests they are well-positioned to secure contracts through merit and quality. Their stable growth trajectory indicates a consistent presence in the market, but they may face competition from larger, more established contractors in the same specialty areas. However, their commitment to fair and transparent processes and their small business status make them a valuable partner for federal agencies looking for reliable and quality-focused solutions.
Recent Federal Contracts
Independent Metal Strap CO Inc has 2 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| GSA awards $17,808 contract for hand-operated strapping and sealing kits to I... | General Services Administration | $17.8K | N/A |
| GSA awards $6,678 for hand-operated strapping kits from Independent Metal Str... | General Services Administration | $6.7K | N/A |