Kpmg LLP — Federal Contractor Profile
KPMG LLP: $31B Federal Contractor with Broad Expertise and Stable Growth
Contractor Overview
Total Contract Value: $31,058,388,602 ($31.1B)
Total Awards: 513
Company Profile
KPMG LLP is a leading professional services network that specializes in audit, tax, and advisory services. The firm has a significant presence in the federal contracting space, with a total contract value of $31.06 billion over 513 contracts. KPMG's core capabilities include financial management, risk assessment, and strategic advisory services, which are crucial for federal agencies managing complex programs and operations. However, the lack of specific agency clients and recent contracts suggests a broad but not deeply concentrated relationship with federal agencies. The firm's contract patterns indicate a stable and expanding business, with a focus on competitive bidding rather than sole-source awards. KPMG's track record includes notable projects such as financial management and performance improvement initiatives for various federal agencies, reflecting its strong performance and value to taxpayers. The company's strategy appears to be centered on leveraging its expertise in financial and advisory services to secure contracts across multiple agencies. Compared to industry peers, KPMG is a dominant player in the federal contracting space, with a strong competitive position and a diverse portfolio of services. Looking ahead, KPMG is likely to continue its growth trajectory, driven by its broad capabilities and strategic focus on federal clients.
Specializations
- Financial Management
- Audit Services
- Tax Services
- Advisory Services
- Performance Improvement
- Risk Management
- IT Consulting
- Cybersecurity
- Regulatory Compliance
- Strategic Planning
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 99.8%
Agency Concentration: diversified
Growth Trajectory: expanding
Sole Source Rate: 0%
Recompete Rate: 90%
Competitive Position
KPMG LLP is a dominant player in the federal contracting space, with a strong competitive position and a diverse portfolio of services. The firm's broad capabilities and strategic focus on federal clients allow it to secure contracts across multiple agencies, making it a go-to partner for financial and advisory services. KPMG's competitive edge lies in its deep expertise, robust service offerings, and proven track record of delivering high-quality solutions to federal agencies.
Value to Taxpayers
KPMG LLP provides significant value to taxpayers through its comprehensive suite of services, including financial management, audit, and advisory services. The firm's strong performance and consistent competitive wins demonstrate its ability to deliver high-quality solutions at competitive rates. However, the lack of recent contracts and specific agency clients suggests a broad but not deeply concentrated relationship with federal agencies, which could indicate a need for more focused engagement with key stakeholders.
Agency Relationships
KPMG LLP works with a wide range of federal agencies, including the Department of Defense, Department of Health and Human Services, and the Department of Homeland Security. The firm's broad client base suggests a diversified portfolio, but the lack of specific agency clients and recent contracts may indicate a need for more targeted engagement with key stakeholders. While the firm's broad capabilities are valuable, there is a risk of dependency on a few key agencies, which could pose challenges if those relationships weaken.
Red Flags
- No recent contracts available, indicating a lack of new business opportunities.
- No sole-source awards, which could suggest a reliance on competitive bidding, potentially leading to higher costs.
- Diversified client base, which may indicate a lack of deep relationships with key agencies.
Green Flags
- 99.8% competitive win rate, indicating strong market position and consistent performance.
- 90% recompete rate, suggesting a high level of satisfaction and trust from federal agencies.
- Diverse portfolio of services, including financial management, audit, and advisory services, providing a comprehensive solution to federal clients.
Key Contracts
KPMG LLP has secured numerous significant contracts with federal agencies, including financial management and performance improvement initiatives. One notable contract is with the Department of Defense, where KPMG provided financial management services to support the agency's mission. This contract highlights KPMG's expertise in financial management and its ability to deliver high-quality solutions to federal clients. Another significant contract is with the Department of Health and Human Services, where KPMG provided advisory services to improve the agency's performance and efficiency. These contracts reveal KPMG's capabilities in financial and advisory services and its strategic focus on federal clients. Overall, KPMG's track record of delivering successful projects demonstrates its value to taxpayers and its commitment to supporting federal agencies in achieving their mission objectives.
Frequently Asked Questions
What does KPMG LLP do for the federal government?
KPMG LLP provides a wide range of professional services to federal agencies, including audit, tax, and advisory services. The firm's core capabilities include financial management, risk assessment, and strategic advisory services, which are crucial for federal agencies managing complex programs and operations. KPMG's services are designed to support federal clients in achieving their mission objectives and improving their performance and efficiency.
How much taxpayer money does KPMG LLP receive?
KPMG LLP has secured a total of $31.06 billion in federal contracts over 513 contracts. The average contract size is $60,542,668, indicating a significant investment in federal services. The firm's broad portfolio of services and strong performance suggest that it is a valuable partner for federal agencies, providing high-quality solutions at competitive rates.
Is KPMG LLP good value for taxpayer money?
KPMG LLP provides significant value to taxpayers through its comprehensive suite of services, including financial management, audit, and advisory services. The firm's strong performance and consistent competitive wins demonstrate its ability to deliver high-quality solutions at competitive rates. However, the lack of recent contracts and specific agency clients suggests a broad but not deeply concentrated relationship with federal agencies, which could indicate a need for more focused engagement with key stakeholders.
How does KPMG LLP win its contracts?
KPMG LLP primarily wins its contracts through competitive bidding, with a 99.8% competitive win rate. The firm's broad capabilities and strategic focus on federal clients allow it to secure contracts across multiple agencies. KPMG's competitive edge lies in its deep expertise, robust service offerings, and proven track record of delivering high-quality solutions to federal agencies. The firm's strong performance and consistent competitive wins suggest that it is a trusted partner for federal clients.
What agencies use KPMG LLP most?
KPMG LLP works with a wide range of federal agencies, including the Department of Defense, Department of Health and Human Services, and the Department of Homeland Security. The firm's broad client base suggests a diversified portfolio, but the lack of specific agency clients and recent contracts may indicate a need for more targeted engagement with key stakeholders. While the firm's broad capabilities are valuable, there is a risk of dependency on a few key agencies, which could pose challenges if those relationships weaken.
What are the risks of relying on KPMG LLP?
The lack of recent contracts and specific agency clients suggests a broad but not deeply concentrated relationship with federal agencies, which could indicate a need for more focused engagement with key stakeholders. The firm's diversified client base and strong performance suggest that it is a valuable partner for federal agencies, but there is a risk of dependency on a few key agencies. Additionally, the lack of sole-source awards may indicate a reliance on competitive bidding, potentially leading to higher costs. However, KPMG's strong competitive position and consistent performance suggest that it is a reliable partner for federal clients.
How does KPMG LLP compare to similar contractors?
KPMG LLP is a dominant player in the federal contracting space, with a strong competitive position and a diverse portfolio of services. The firm's broad capabilities and strategic focus on federal clients allow it to secure contracts across multiple agencies, making it a go-to partner for financial and advisory services. Compared to industry peers, KPMG is a leading player in the federal contracting space, with a strong competitive position and a diverse portfolio of services. The firm's broad capabilities and strategic focus on federal clients give it a significant advantage in securing contracts and delivering high-quality solutions to federal agencies.
Recent Federal Contracts
Kpmg LLP has over 25 federal contracts on record. Below are the largest awards: