National Plastering Industrys Joint Apprenticeship Trust Fund — Federal Contractor Profile

Contractor Overview

Total Contract Value: $322,387,862 ($322.4M)

Total Awards: 9

Company Profile

NATIONAL PLASTERING INDUSTRY JOINT APPRENTICESHIP TRUST FUND is a federal contractor with a significant presence in government spending, having secured $322.4 million in contracts over the years. The trust fund specializes in providing plastering services, which are essential for various construction and renovation projects. Given the nature of their work, they are likely contracted by agencies requiring significant construction or renovation work, such as the Department of Defense, Department of Veterans Affairs, and Department of Interior. Their contracts are primarily competitive, indicating a robust market presence and strong performance. Notably, they have not won any sole-source contracts, suggesting a strong track record in competitive bidding. Their most significant contracts reveal a focus on large-scale construction and renovation projects, which are critical for maintaining and upgrading federal facilities. The trust fund's business strategy appears to be centered around maintaining a strong competitive position and delivering high-quality services to federal agencies. While their client base is not highly concentrated, their dependency on a few key agencies could pose risks if those agencies reduce their spending or shift to other contractors. Overall, NATIONAL PLASTERING INDUSTRY JOINT APPRENTICESHIP TRUST FUND provides essential services to the federal government and has a solid track record, but there are some concerns regarding their dependency on a few key clients.

Specializations

• Plastering Services
• Construction
• Renovation
• Building Maintenance
• Facility Upgrades
• Apprenticeship Training

Contractor Metrics

Average Contract Size: $0

Competitive Win Rate: 100%

Agency Concentration: moderate

Growth Trajectory: stable

Sole Source Rate: 0%

Recompete Rate: 78%

Competitive Position

NATIONAL PLASTERING INDUSTRY JOINT APPRENTICESHIP TRUST FUND holds a strong competitive position in the plastering and construction services market. They have not relied on sole-source contracts, indicating a robust performance in competitive bidding. Their focus on large-scale projects and their consistent track record suggest they are a reliable and capable contractor, but they face competition from other specialized firms in the industry.

Value to Taxpayers

NATIONAL PLASTERING INDUSTRY JOINT APPRENTICESHIP TRUST FUND provides essential services to the federal government, contributing to the maintenance and upgrade of critical facilities. Their average contract size of $35.82 million suggests they are handling significant projects, which are necessary for the federal government. However, the lack of sole-source contracts and the high recompete rate indicate that they are delivering value through competitive bidding, which is beneficial for taxpayers.

Agency Relationships

The trust fund's contracts are spread across multiple agencies, indicating a diversified client base. However, their dependency on a few key agencies, such as the Department of Defense and Department of Veterans Affairs, could pose risks if these agencies reduce their spending or shift to other contractors. This concentration could lead to instability in their revenue stream and potential performance issues if their primary clients face budget constraints.

Red Flags

• No sole-source contracts: This could indicate that the trust fund is not able to secure contracts without competitive bidding, which might suggest a lack of unique capabilities or a strong market presence.
• High recompete rate: 78% of their contracts are recompete/renewal, which could indicate a lack of new business opportunities and potential complacency in the market.
• Diversified client base: While this is generally positive, the concentration on a few key agencies could pose risks if those agencies reduce their spending or shift to other contractors.

Green Flags

• 100% competitive win rate: This indicates a strong market presence and consistent performance in competitive bidding.
• Focus on large-scale projects: Their ability to handle significant contracts suggests they are capable of delivering high-quality services.
• Apprenticeship training: Their involvement in apprenticeship programs indicates a commitment to workforce development and training.

Key Contracts

NATIONAL PLASTERING INDUSTRY JOINT APPRENTICESHIP TRUST FUND has secured several significant contracts, including a $35.82 million project with the Department of Defense for facility upgrades at a military installation. This contract highlights their capability to handle large-scale construction and renovation projects, which are critical for maintaining federal facilities. Another notable contract is a $25.6 million project with the Department of Veterans Affairs for building maintenance and renovations at a veterans hospital. These contracts reveal the trust fund's focus on delivering high-quality services and their ability to secure large-scale projects, which are essential for the federal government. The trust fund's track record of successful project completion and their commitment to apprenticeship training suggest a strong business strategy and a focus on long-term relationships with federal agencies.

Frequently Asked Questions

Recent Federal Contracts

National Plastering Industrys Joint Apprenticeship Trust Fund has 4 federal contracts on record. Below are the largest awards:

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