Master Lock Company LLC — Federal Contractor Profile
Master Lock Company LLC: $93,578 in Sole-Source Government Contracts
Contractor Overview
Total Contract Value: $93,579 ($93.6K)
Total Awards: 22
Company Profile
Master Lock Company LLC is a well-known manufacturer of security products, including locks, padlocks, and security hardware. The company has a long history of providing reliable and secure solutions for various industries, including government. Their core capabilities include the design, manufacture, and distribution of high-quality security products that meet stringent government standards. Master Lock's government business is relatively small, with a total contract value of $93,578.94 spread across 22 contracts, averaging $4,254 per contract. Notably, Master Lock has not won any competitive contracts and has no recent contracts available, indicating a reliance on sole-source awards. This suggests that the company may have a niche position in the market, possibly due to its established reputation and expertise in security solutions. Master Lock's track record includes a consistent performance in delivering quality products, but the lack of competitive wins and recent contracts raises questions about their current market position and growth trajectory.
Specializations
- Locks
- Padlocks
- Security Hardware
- Access Control Solutions
- Key Management Systems
- Security Products
- Custom Security Solutions
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 0%
Agency Concentration: N/A
Growth Trajectory: Stable
Sole Source Rate: 100%
Recompete Rate: N/A
Competitive Position
Master Lock Company LLC holds a niche position in the security products market, particularly for government contracts. While they have a strong reputation and established customer base, the lack of competitive wins suggests that they may face challenges in expanding their market share. Their sole-source awards indicate a reliance on their established reputation and expertise, but this also limits their exposure to competitive bidding processes.
Value to Taxpayers
Master Lock Company LLC provides security products that are essential for government operations, ensuring the safety and security of facilities and assets. However, the relatively small contract value and the absence of competitive wins suggest that they may not be the most cost-effective option. The company's niche position and reliance on sole-source awards indicate that they may not be subject to the same level of scrutiny and competitive pressure as larger contractors, which could impact the overall value for taxpayers.
Agency Relationships
Master Lock Company LLC's contracts are spread across various agencies, but specific agency clients are not disclosed. This lack of detailed information makes it difficult to assess the dependency risks or concentration concerns. However, the company's consistent performance in delivering security solutions suggests that they are a reliable partner for government agencies.
Red Flags
- Lack of competitive wins: Master Lock Company LLC has not won any competitive contracts, indicating a reliance on sole-source awards.
- No recent contracts: The absence of recent contracts suggests that the company may be facing challenges in securing new business.
- Sole-source awards: The company's sole-source awards may limit their exposure to competitive bidding processes, which could impact their ability to deliver cost-effective solutions.
Green Flags
- Consistent performance: Master Lock Company LLC has a track record of delivering quality security products, which is essential for government operations.
- Established reputation: The company's long history and established customer base suggest a strong reputation in the security products market.
- Niche expertise: Master Lock Company LLC's focus on security solutions may provide a unique value proposition for government agencies.
Key Contracts
Master Lock Company LLC has secured 22 contracts with a total value of $93,578.94, averaging $4,254 per contract. These contracts are primarily for the provision of locks, padlocks, and security hardware. While the contract values are relatively small, they are critical for ensuring the security of government facilities and assets. The company's consistent performance in delivering these products suggests that they are a reliable partner for government agencies. However, the lack of competitive wins and recent contracts raises questions about their current market position and growth trajectory. The company's niche position and reliance on sole-source awards indicate that they may not be subject to the same level of scrutiny and competitive pressure as larger contractors, which could impact the overall value for taxpayers.
Frequently Asked Questions
What does Master Lock Company LLC do for the federal government?
Master Lock Company LLC provides a range of security products, including locks, padlocks, and security hardware, to ensure the safety and security of government facilities and assets. Their products are essential for access control, key management, and overall security solutions.
How much taxpayer money does Master Lock Company LLC receive?
Master Lock Company LLC has received a total of $93,578.94 in government contracts, with an average contract size of $4,254. The company has not won any competitive contracts and has no recent contracts available, indicating a reliance on sole-source awards.
Is Master Lock Company LLC good value for taxpayer money?
Master Lock Company LLC provides essential security products that are critical for government operations. However, the relatively small contract values and the lack of competitive wins suggest that they may not be the most cost-effective option. The company's niche position and reliance on sole-source awards indicate that they may not be subject to the same level of scrutiny and competitive pressure as larger contractors, which could impact the overall value for taxpayers.
How does Master Lock Company LLC win its contracts?
Master Lock Company LLC has won its contracts through sole-source awards, indicating a reliance on its established reputation and expertise in security solutions. The company has not won any competitive contracts, suggesting that it may face challenges in expanding its market share through competitive bidding processes.
What agencies use Master Lock Company LLC most?
Specific agency clients are not disclosed, making it difficult to assess the dependency risks or concentration concerns. However, the company's consistent performance in delivering security solutions suggests that they are a reliable partner for government agencies.
What are the risks of relying on Master Lock Company LLC?
The lack of competitive wins and recent contracts raises questions about Master Lock Company LLC's current market position and growth trajectory. The company's reliance on sole-source awards may limit their exposure to competitive bidding processes, which could impact their ability to deliver cost-effective solutions. Additionally, the absence of detailed information on agency clients makes it difficult to assess dependency risks or concentration concerns.
How does Master Lock Company LLC compare to similar contractors?
Master Lock Company LLC holds a niche position in the security products market, particularly for government contracts. While they have a strong reputation and established customer base, the lack of competitive wins suggests that they may face challenges in expanding their market share. Their sole-source awards indicate a reliance on their established reputation and expertise, but this also limits their exposure to competitive bidding processes. In comparison to larger contractors, Master Lock Company LLC may not be as competitive in terms of cost and market share, but they provide essential security solutions that are critical for government operations.
Recent Federal Contracts
Master Lock Company LLC has 12 federal contracts on record. Below are the largest awards: