Jennie-O Turkey Store Inc — Federal Contractor Profile
Jennie-O Turkey Store Inc. Secures $337.3 Million in Federal Contracts
Contractor Overview
Total Contract Value: $337,258,942 ($337.3M)
Total Awards: 43
Company Profile
Jennie-O Turkey Store Inc. is a federal contractor with a significant presence in government procurement, primarily supplying turkey products and related services to various government agencies. The company has a total of 43 contracts worth $337.3 million, with an average contract size of $7.8 million. Notably, Jennie-O has not won any new contracts in recent years, indicating a stable but potentially declining business model. The contractor's relationship with specific government agencies is not detailed, and there are no recent contracts available to analyze. Jennie-O's core capabilities include turkey processing, supply chain management, and food service support, which are critical for federal agencies looking to provide nutritious meals to their personnel and beneficiaries. The company's contract patterns suggest a focus on long-term, sole-source contracts, which could indicate a strong relationship with certain agencies but also raises concerns about competition and cost efficiency.
Specializations
- Turkey processing and supply
- Food service support
- Nutritional meal provision
- Supply chain management
- Government contract compliance
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 0% (all contracts are sole-source)
Agency Concentration: N/A (no specific agency clients)
Growth Trajectory: stable
Sole Source Rate: 100%
Recompete Rate: N/A (no recent contracts available)
Competitive Position
Jennie-O Turkey Store Inc. operates in a niche market, supplying turkey products and related services to federal agencies. While the company has a strong track record of winning sole-source contracts, this approach may limit its exposure to competitive bidding and could be seen as less transparent. Jennie-O's dominance in this niche could be a competitive advantage, but it also poses risks if the company becomes overly dependent on a single supplier for critical food services.
Value to Taxpayers
Jennie-O Turkey Store Inc. provides essential food services to federal agencies, ensuring that personnel and beneficiaries receive nutritious meals. However, the company's reliance on sole-source contracts and the absence of recent competitive bids raise concerns about cost efficiency and potential overpricing. The average contract size of $7.8 million is substantial, and taxpayers should be vigilant to ensure that the company is delivering value for money.
Agency Relationships
The specific agencies that rely most on Jennie-O Turkey Store Inc. are not detailed, but the company's sole-source contracts suggest a strong, long-term relationship with certain federal agencies. This concentration of business could pose dependency risks, as the federal government may become overly reliant on a single supplier for critical food services. Diversifying its client base could help mitigate these risks.
Red Flags
- 100% sole-source contracts: Jennie-O's reliance on sole-source contracts indicates a lack of competition, which could lead to higher costs and reduced transparency.
- No recent competitive bids: The absence of recent competitive bids suggests that Jennie-O may not be actively seeking new business opportunities through competitive processes.
- Lack of recent contracts: The lack of recent contracts could indicate a decline in business or a shift in the company's focus away from federal procurement.
Green Flags
- Long-term contracts: Jennie-O's ability to secure long-term contracts suggests a strong relationship with federal agencies and a stable revenue stream.
- Core capabilities: The company's expertise in turkey processing, supply chain management, and food service support are valuable for federal agencies.
- Sole-source contracts: While concerning, sole-source contracts can be advantageous for ensuring consistent supply and quality.
Key Contracts
Jennie-O Turkey Store Inc. has secured a total of 43 contracts worth $337.3 million, with an average contract size of $7.8 million. The company's most significant contracts are likely related to providing turkey products and food service support to federal agencies. These contracts reveal Jennie-O's core capabilities in turkey processing and supply chain management, as well as its ability to deliver consistent and high-quality products. The long-term nature of these contracts suggests a strong relationship with certain federal agencies, which could be beneficial for the company's stability. However, the lack of recent competitive bids and the absence of new contracts in recent years raise concerns about the company's ability to adapt to changing market conditions and maintain cost efficiency.
Frequently Asked Questions
What does JENNIE-O TURKEY STORE INC do for the federal government?
Jennie-O Turkey Store Inc. supplies turkey products and related services to federal agencies, ensuring that personnel and beneficiaries receive nutritious meals. The company's core capabilities include turkey processing, supply chain management, and food service support, which are critical for federal agencies looking to provide essential food services.
How much taxpayer money does JENNIE-O TURKEY STORE INC receive?
Jennie-O Turkey Store Inc. has secured a total of 43 contracts worth $337.3 million, with an average contract size of $7.8 million. This significant amount of federal spending highlights the importance of ensuring that the company provides value for money and maintains transparency in its operations.
Is JENNIE-O TURKEY STORE INC good value for taxpayer money?
While Jennie-O Turkey Store Inc. provides essential food services to federal agencies, the company's reliance on sole-source contracts and the absence of recent competitive bids raise concerns about cost efficiency. Taxpayers should be vigilant to ensure that the company is delivering value for money and not overcharging for its services.
How does JENNIE-O TURKEY STORE INC win its contracts?
Jennie-O Turkey Store Inc. primarily wins contracts through sole-source procurement, which indicates a strong relationship with certain federal agencies. However, this approach may limit the company's exposure to competitive bidding and could be seen as less transparent. The company's ability to secure long-term contracts suggests a strong track record and consistent performance.
What agencies use JENNIE-O TURKEY STORE INC most?
The specific agencies that rely most on Jennie-O Turkey Store Inc. are not detailed, but the company's sole-source contracts suggest a strong, long-term relationship with certain federal agencies. This concentration of business could pose dependency risks, as the federal government may become overly reliant on a single supplier for critical food services. Diversifying its client base could help mitigate these risks.
What are the risks of relying on JENNIE-O TURKEY STORE INC?
The risks of relying on Jennie-O Turkey Store Inc. include the company's reliance on sole-source contracts, which could lead to higher costs and reduced transparency. The lack of recent competitive bids and the absence of new contracts in recent years raise concerns about the company's ability to adapt to changing market conditions and maintain cost efficiency. Additionally, the concentration of business with certain agencies could pose dependency risks, as the federal government may become overly reliant on a single supplier for critical food services.
How does JENNIE-O TURKEY STORE INC compare to similar contractors?
Jennie-O Turkey Store Inc. operates in a niche market, supplying turkey products and related services to federal agencies. While the company has a strong track record of winning sole-source contracts, this approach may limit its exposure to competitive bidding and could be seen as less transparent. Jennie-O's dominance in this niche could be a competitive advantage, but it also poses risks if the company becomes overly dependent on a single supplier for critical food services. In comparison to other contractors in the food service sector, Jennie-O's reliance on sole-source contracts and the absence of recent competitive bids may be less favorable than those of companies that actively seek new business opportunities through competitive processes.
Recent Federal Contracts
Jennie-O Turkey Store Inc has 9 federal contracts on record. Below are the largest awards: