NEW Jersey Institute of Technology — Federal Contractor Profile
NJIT Secures $1.1M in Federal Contracts, Focusing on Niche Research and Development
Contractor Overview
Total Contract Value: $1,090,467 ($1.1M)
Total Awards: 3
Company Profile
NEW JERSEY INSTITUTE OF TECHNOLOGY (NJIT) is a federal contractor with a total government contract value of $1.1 million, comprising three contracts averaging $363,489 each. NJIT specializes in research and development, technology solutions, and educational services, leveraging its expertise in engineering, computer science, and information technology. The contractor has not won any recent contracts, indicating a potential slowdown in new business acquisition. NJIT's contract patterns suggest a focus on niche areas rather than broad agency support, with no sole-source contracts and no competitive wins in the recent past. This analysis provides insights into NJIT's capabilities, contract patterns, and potential risks and benefits to taxpayers.
Specializations
- Engineering
- Computer Science
- Information Technology
- Research and Development
- Educational Services
- Cybersecurity
- Data Analytics
- Software Development
- Telecommunications
- Network Infrastructure
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 0% competitive wins, 0% sole-source
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 100% recompete/renewal
Competitive Position
NJIT operates in a niche market, focusing on specialized research and development services. While not a dominant player, NJIT holds a unique position in providing technical expertise in areas such as cybersecurity and data analytics. The contractor's reliance on recompete/renewal contracts suggests a stable but limited client base, indicating a need to diversify its offerings to attract new business.
Value to Taxpayers
NJIT provides value through its specialized research and development services, which are critical for advancing technological capabilities. However, the lack of competitive wins and the absence of sole-source contracts suggest that NJIT may not be the most cost-effective option. The contractor's focus on niche areas means that it may not offer the same breadth of services as larger, more diversified contractors.
Agency Relationships
NJIT's contracts are spread across multiple agencies, indicating a moderate level of dependency. However, the absence of specific agency clients and the lack of recent contracts suggest that NJIT may face challenges in maintaining strong relationships with key agencies. This could pose a risk if the contractor fails to secure new business, potentially leading to a decline in government support.
Red Flags
- No recent contracts indicate a potential slowdown in new business acquisition.
- Lack of competitive wins suggests that NJIT may not be the most cost-effective option for government agencies.
- No sole-source contracts may indicate a lack of critical or unique capabilities that could justify sole-source awards.
Green Flags
- NJIT has a diverse portfolio of contracts, indicating a moderate level of agency dependency.
- The contractor's focus on niche areas suggests specialized expertise that can be valuable for specific projects.
- No recent performance issues or cost escalations have been reported, indicating a generally positive track record.
Key Contracts
NJIT has secured three contracts totaling $1.1 million, with an average contract size of $363,489. These contracts are primarily focused on research and development, technology solutions, and educational services. The lack of recent contracts and the absence of competitive wins suggest that NJIT may need to diversify its offerings to attract new business. The contracts reveal NJIT's strengths in specialized areas such as cybersecurity and data analytics, but also highlight the need for the contractor to expand its service offerings to maintain a steady stream of government contracts.
Frequently Asked Questions
What does NEW JERSEY INSTITUTE OF TECHNOLOGY do for the federal government?
NJIT provides specialized research and development services, focusing on areas such as engineering, computer science, and information technology. The contractor offers technical expertise in cybersecurity, data analytics, software development, and network infrastructure, supporting federal agencies in advancing technological capabilities and addressing specific project needs.
How much taxpayer money does NEW JERSEY INSTITUTE OF TECHNOLOGY receive?
NJIT has received a total of $1.1 million in government contracts, with an average contract size of $363,489. The contractor has not secured any recent contracts, indicating a potential slowdown in new business acquisition. The total contract value reflects the specialized nature of NJIT's services and the focus on niche areas rather than broad agency support.
Is NEW JERSEY INSTITUTE OF TECHNOLOGY good value for taxpayer money?
NJIT provides value through its specialized research and development services, which are critical for advancing technological capabilities. However, the lack of competitive wins and the absence of sole-source contracts suggest that NJIT may not be the most cost-effective option. The contractor's focus on niche areas means that it may not offer the same breadth of services as larger, more diversified contractors, potentially leading to higher costs for specific projects.
How does NEW JERSEY INSTITUTE OF TECHNOLOGY win its contracts?
NJIT has not won any recent contracts through competitive bidding. The contractor's contracts are primarily recompete/renewal, indicating a stable but limited client base. This suggests that NJIT may need to diversify its offerings to attract new business and secure competitive wins. The lack of competitive wins may indicate that NJIT's services are not as widely sought after as those of larger, more diversified contractors.
What agencies use NEW JERSEY INSTITUTE OF TECHNOLOGY most?
NJIT's contracts are spread across multiple agencies, indicating a moderate level of dependency. However, the absence of specific agency clients and the lack of recent contracts suggest that NJIT may face challenges in maintaining strong relationships with key agencies. This could pose a risk if the contractor fails to secure new business, potentially leading to a decline in government support. The contractor's diverse portfolio of contracts suggests that it works with a range of federal agencies, but the lack of recent wins indicates a need to focus on building stronger relationships with specific agencies.
What are the risks of relying on NEW JERSEY INSTITUTE OF TECHNOLOGY?
The risks of relying on NJIT include the potential for a slowdown in new business acquisition, as the contractor has not secured any recent contracts. The lack of competitive wins and the absence of sole-source contracts suggest that NJIT may not be the most cost-effective option. The contractor's focus on niche areas means that it may not offer the same breadth of services as larger, more diversified contractors, potentially leading to higher costs for specific projects. Additionally, the moderate level of agency dependency could pose a risk if NJIT fails to secure new business, potentially leading to a decline in government support.
How does NEW JERSEY INSTITUTE OF TECHNOLOGY compare to similar contractors?
NJIT operates in a niche market, focusing on specialized research and development services. While not a dominant player, NJIT holds a unique position in providing technical expertise in areas such as cybersecurity and data analytics. The contractor's reliance on recompete/renewal contracts suggests a stable but limited client base, indicating a need to diversify its offerings to attract new business. Compared to larger, more diversified contractors, NJIT may offer more specialized services but may not have the same breadth of offerings or competitive advantages in terms of cost and scale.
Recent Federal Contracts
NEW Jersey Institute of Technology has 1 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| Interior's $3.6M Consulting Contract with NJ Institute of Technology Lacks Co... | Department of the Interior | $363.5K | N/A |