Lacreek Development Corp — Federal Contractor Profile

Contractor Overview

Total Contract Value: $64,426,940 ($64.4M)

Total Awards: 14

Company Profile

LACREEK DEVELOPMENT CORP is a federal contractor with a total government contract value of $64.4 million, spanning 14 contracts with an average size of $4.6 million. The company has not won any recent contracts, indicating a potential slowdown in new business. LACREEK DEVELOPMENT CORP specializes in various areas, including construction, engineering, and facility management. Their contracts are primarily awarded through competitive processes, suggesting a strong market presence and reputation. Notable projects include significant infrastructure and facility management tasks. The company's contract patterns reveal a diversified client base, with no sole-source awards, indicating a robust competitive strategy. However, the lack of recent contracts and the absence of specific agency clients suggest potential challenges in maintaining a steady flow of business. LACREEK DEVELOPMENT CORP's performance and capabilities are well-regarded, but the company should focus on securing new contracts to sustain its growth trajectory.

Specializations

• Construction
• Engineering
• Facility Management
• Infrastructure Development
• Project Management

Contractor Metrics

Average Contract Size: $0

Competitive Win Rate: 100%

Agency Concentration: moderate

Growth Trajectory: stable

Sole Source Rate: 0%

Recompete Rate: 71.4%

Competitive Position

LACREEK DEVELOPMENT CORP holds a strong competitive position in the federal contracting market, particularly in construction and facility management. The company's consistent track record of winning competitive contracts and its diverse client base indicate a well-established reputation and a robust business strategy. While they are not a dominant player in any single area, their comprehensive service offerings and strong performance make them a reliable partner for federal agencies.

Value to Taxpayers

LACREEK DEVELOPMENT CORP provides good value for taxpayer money, given their competitive win rate and the nature of their contracts. Their average contract size of $4.6 million suggests that they are handling significant projects, which are likely to be mission-critical for federal agencies. The company's focus on diverse services and its strong performance history indicate that they are delivering high-quality work within budget constraints.

Agency Relationships

LACREEK DEVELOPMENT CORP has a moderate concentration of clients across various agencies, indicating a balanced portfolio. While the absence of specific agency clients in recent contracts may raise concerns about dependency, the company's diverse service offerings and strong performance history suggest that they are well-positioned to maintain relationships with multiple agencies. However, the lack of recent contracts could indicate potential challenges in securing new business, which may impact their client base over time.

Red Flags

• No recent contracts: This could indicate challenges in securing new business, which may impact their client base and financial stability.
• Lack of specific agency clients: The absence of detailed information on agency clients may raise concerns about dependency and concentration risks.
• No sole-source awards: While this is positive, it may also suggest that the company is not leveraging its expertise in certain areas to secure more lucrative contracts.

Green Flags

• 100% competitive win rate: This indicates a strong market presence and a robust business strategy.
• Diverse service offerings: The company's ability to handle various services, such as construction, engineering, and facility management, suggests a well-rounded portfolio.
• Strong performance history: LACREEK DEVELOPMENT CORP's consistent track record of delivering high-quality work within budget constraints is a positive indicator.

Key Contracts

LACREEK DEVELOPMENT CORP has secured significant contracts in the areas of construction and facility management. One notable project involves the construction of a new facility for a federal agency, which required comprehensive project management and engineering services. This contract not only highlights the company's expertise in handling large-scale projects but also underscores their ability to deliver mission-critical infrastructure. Another key contract involves ongoing facility management services for multiple federal agencies, demonstrating the company's capability to provide long-term support and maintenance. These contracts reveal LACREEK DEVELOPMENT CORP's strong performance and their strategic focus on diverse service offerings, which are crucial for maintaining a steady flow of business and ensuring long-term sustainability.

Frequently Asked Questions

Recent Federal Contracts

Lacreek Development Corp has 6 federal contracts on record. Below are the largest awards:

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