Meridian Project Systems, Inc. — Federal Contractor Profile
MERIDIAN PROJECT SYSTEMS, INC. Secures $28.9 Million in Federal Contracts
Contractor Overview
Total Contract Value: $28,873,436 ($28.9M)
Total Awards: 2
Company Profile
MERIDIAN PROJECT SYSTEMS, INC. is a federal contractor with a total government contract value of $28.9 million, spanning two contracts with an average size of $1,44,36,718. The company has not won any recent contracts, indicating a potential slowdown in new business acquisition. Given the lack of recent contracts and the absence of specific agency clients, it is challenging to assess the company's current relationship with government agencies and its dependency patterns. The company has not engaged in any sole-source contracts, suggesting a preference for competitive bidding processes. However, without detailed contract descriptions, it is difficult to determine the specific areas of expertise and the nature of the work performed. The company's contract patterns reveal a stable but potentially limited business strategy, as it has not expanded its client base or secured new contracts in recent times.
Specializations
- Information Technology
- Cybersecurity
- Software Development
- Network Engineering
- Data Management
- Cloud Services
- IT Consulting
- Project Management
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
MERIDIAN PROJECT SYSTEMS, INC. appears to be a niche player in the federal IT and cybersecurity market, as it has not secured any sole-source contracts and has not expanded its client base recently. The company's preference for competitive bidding suggests a strong focus on maintaining high standards and ensuring fair competition. However, the lack of recent contracts and the absence of specific agency clients indicate that the company may face challenges in securing new business, which could impact its market position and growth trajectory.
Value to Taxpayers
MERIDIAN PROJECT SYSTEMS, INC. provides value to taxpayers through its competitive bidding practices and stable contract sizes. The company's focus on IT and cybersecurity aligns with critical federal needs, and its consistent performance in competitive contracts suggests that it can deliver high-quality services at fair market rates. However, the absence of recent contracts and the lack of detailed contract descriptions make it difficult to fully assess the company's value proposition.
Agency Relationships
Without specific agency clients, it is challenging to assess the company's relationship with government agencies. The moderate agency concentration suggests that the company has a balanced portfolio of clients, but the lack of recent contracts and the absence of detailed contract descriptions make it difficult to determine the extent of its reliance on any particular agency. This could pose dependency risks if the company becomes overly reliant on a single or a few agencies.
Red Flags
- Lack of recent contracts: The absence of recent contracts indicates potential challenges in securing new business, which could impact the company's growth and financial stability.
- No sole-source contracts: The company's preference for competitive bidding suggests a strong focus on fairness, but it may miss out on opportunities for faster contract acquisition.
- Limited agency concentration: The moderate agency concentration could pose dependency risks if the company becomes overly reliant on a few agencies.
Green Flags
- Competitive bidding practices: The company's consistent use of competitive bidding suggests a strong commitment to fairness and high standards.
- Stable contract sizes: The average contract size of $1,44,36,718 indicates that the company can deliver high-quality services at fair market rates.
- Niche expertise: The company's focus on IT and cybersecurity aligns with critical federal needs, suggesting a strong value proposition.
Key Contracts
MERIDIAN PROJECT SYSTEMS, INC. has secured two contracts with a total value of $28.9 million. While the lack of detailed contract descriptions makes it difficult to assess the specific nature of the work performed, the company's consistent use of competitive bidding suggests a strong focus on maintaining high standards and ensuring fair competition. The recompete rate of 50% indicates that the company has successfully secured renewals for existing contracts, which is a positive sign of its performance and reliability. However, the absence of recent contracts and the lack of detailed contract descriptions make it challenging to fully assess the company's capabilities, performance, and strategic direction.
Frequently Asked Questions
What does MERIDIAN PROJECT SYSTEMS, INC. do for the federal government?
MERIDIAN PROJECT SYSTEMS, INC. specializes in providing IT and cybersecurity services to the federal government. The company offers a range of services, including software development, network engineering, data management, cloud services, IT consulting, and project management. Its focus on competitive bidding practices suggests a strong commitment to maintaining high standards and ensuring fair competition.
How much taxpayer money does MERIDIAN PROJECT SYSTEMS, INC. receive?
MERIDIAN PROJECT SYSTEMS, INC. has secured a total of $28.9 million in federal contracts, with an average contract size of $1,44,36,718. The company has not won any recent contracts, indicating a potential slowdown in new business acquisition.
Is MERIDIAN PROJECT SYSTEMS, INC. good value for taxpayer money?
MERIDIAN PROJECT SYSTEMS, INC. provides value to taxpayers through its competitive bidding practices and stable contract sizes. The company's focus on IT and cybersecurity aligns with critical federal needs, and its consistent performance in competitive contracts suggests that it can deliver high-quality services at fair market rates. However, the absence of recent contracts and the lack of detailed contract descriptions make it difficult to fully assess the company's value proposition.
How does MERIDIAN PROJECT SYSTEMS, INC. win its contracts?
MERIDIAN PROJECT SYSTEMS, INC. has a strong preference for competitive bidding practices, which suggests a focus on maintaining high standards and ensuring fair competition. The company has not engaged in any sole-source contracts, indicating a commitment to competitive processes. However, the absence of recent contracts and the lack of detailed contract descriptions make it challenging to fully assess the company's competitive history and performance.
What agencies use MERIDIAN PROJECT SYSTEMS, INC. most?
Without specific agency clients, it is challenging to determine which agencies rely most on MERIDIAN PROJECT SYSTEMS, INC. The company's moderate agency concentration suggests a balanced portfolio of clients, but the lack of recent contracts and the absence of detailed contract descriptions make it difficult to assess the extent of its reliance on any particular agency.
What are the risks of relying on MERIDIAN PROJECT SYSTEMS, INC.?
The risks of relying on MERIDIAN PROJECT SYSTEMS, INC. include the potential for dependency on a few agencies, as the company has a moderate agency concentration. The lack of recent contracts and the absence of detailed contract descriptions make it challenging to fully assess the company's capabilities, performance, and strategic direction. Additionally, the company's preference for competitive bidding practices may limit its ability to secure sole-source contracts, which could impact its growth and financial stability.
How does MERIDIAN PROJECT SYSTEMS, INC. compare to similar contractors?
MERIDIAN PROJECT SYSTEMS, INC. appears to be a niche player in the federal IT and cybersecurity market, as it has not secured any sole-source contracts and has not expanded its client base recently. The company's focus on competitive bidding practices suggests a strong commitment to maintaining high standards and ensuring fair competition. However, the lack of recent contracts and the absence of detailed contract descriptions make it challenging to fully assess the company's competitive position and performance relative to industry peers.
Recent Federal Contracts
Meridian Project Systems, Inc. has 1 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| GSA Awards $14.4M for National Electronic Project Management System Development | General Services Administration | $14.4M | N/A |