Ocean Associates Inc — Federal Contractor Profile
OCEAN ASSOCIATES INC: $488,572.8 in Federal Contracts with No Recent Activity
Contractor Overview
Total Contract Value: $488,573 ($488.6K)
Total Awards: 2
Company Profile
OCEAN ASSOCIATES INC is a federal contractor with a total government contract value of $488,572.8, spread across two contracts with an average size of $244,286. The company has not won any recent contracts, and there are no specific agency clients listed. This profile provides a comprehensive analysis of the company's role in government spending, including its core capabilities, contract patterns, and strategic direction.
Specializations
- Data Analysis
- Information Technology
- Project Management
- Cybersecurity
- Software Development
- Systems Integration
- Consulting Services
- Research and Development
- Training and Education
- Logistics
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 0% (all contracts were sole-source)
Agency Concentration: N/A (no specific agency clients listed)
Growth Trajectory: Stable (no recent contracts)
Sole Source Rate: 100%
Recompete Rate: 0% (no recompete/renewal contracts)
Competitive Position
OCEAN ASSOCIATES INC operates in a niche market, relying on sole-source contracts to secure government business. This suggests a specialized skill set or a unique offering that meets specific needs of the government. However, the lack of competitive wins indicates that the company may face challenges in expanding its client base and diversifying its revenue streams.
Value to Taxpayers
Given the company's reliance on sole-source contracts, it is difficult to assess the value to taxpayers without more detailed information on the nature and scope of the contracts. The average contract size of $244,286 is relatively small, which could indicate that the company is not a major player in the federal contracting market. However, the lack of competitive bids suggests that the government may be willing to pay higher rates for the specialized services provided by OCEAN ASSOCIATES INC.
Agency Relationships
Without specific agency clients, it is challenging to assess the dependency risks or concentration concerns. The lack of recent contracts and the absence of a defined client base suggest that the company may be facing challenges in securing new business. This could be a risk for the government if the company is unable to maintain its current level of service or if it becomes too reliant on a single client.
Red Flags
- No recent contracts: This indicates that the company may be struggling to secure new business, which could be a red flag for the government.
- 100% sole-source rate: The company's reliance on sole-source contracts suggests a lack of competition, which could lead to higher costs for the government.
- No defined client base: The absence of specific agency clients makes it difficult to assess the company's performance and reliability.
Green Flags
- Niche market expertise: The company's ability to secure sole-source contracts indicates specialized skills or unique offerings that meet specific government needs.
- Small contract sizes: The average contract size of $244,286 is relatively small, which could indicate that the company is not a major player in the federal contracting market.
- No recompete/renewal contracts: The absence of recompete/renewal contracts suggests that the company may be facing challenges in maintaining its current level of business.
Key Contracts
OCEAN ASSOCIATES INC has two contracts with a total value of $488,572.8. While the contracts are relatively small, they provide insight into the company's capabilities and strategic direction. The lack of recent contracts and the absence of specific agency clients suggest that the company may be facing challenges in securing new business. The company's reliance on sole-source contracts indicates specialized skills or unique offerings that meet specific government needs. However, the lack of competitive bids and the absence of a defined client base make it difficult to assess the company's performance and reliability.
Frequently Asked Questions
What does OCEAN ASSOCIATES INC do for the federal government?
OCEAN ASSOCIATES INC specializes in data analysis, information technology, project management, cybersecurity, software development, systems integration, consulting services, research and development, training and education, and logistics. The company provides specialized services that meet specific needs of the government, often through sole-source contracts.
How much taxpayer money does OCEAN ASSOCIATES INC receive?
OCEAN ASSOCIATES INC has received a total of $488,572.8 in government contracts, spread across two contracts with an average size of $244,286. The company has not won any recent contracts, and there are no specific agency clients listed.
Is OCEAN ASSOCIATES INC good value for taxpayer money?
Given the company's reliance on sole-source contracts, it is difficult to assess the value to taxpayers without more detailed information on the nature and scope of the contracts. The average contract size of $244,286 is relatively small, which could indicate that the company is not a major player in the federal contracting market. However, the lack of competitive bids suggests that the government may be willing to pay higher rates for the specialized services provided by OCEAN ASSOCIATES INC.
How does OCEAN ASSOCIATES INC win its contracts?
OCEAN ASSOCIATES INC has won its contracts through sole-source contracts, indicating specialized skills or unique offerings that meet specific government needs. The company has not won any recent contracts, and there are no specific agency clients listed.
What agencies use OCEAN ASSOCIATES INC most?
Without specific agency clients, it is challenging to assess the dependency risks or concentration concerns. The lack of recent contracts and the absence of a defined client base suggest that the company may be facing challenges in securing new business. This could be a risk for the government if the company is unable to maintain its current level of service or if it becomes too reliant on a single client.
What are the risks of relying on OCEAN ASSOCIATES INC?
The company's reliance on sole-source contracts and the absence of recent contracts and a defined client base make it difficult to assess the company's performance and reliability. This could be a risk for the government if the company is unable to maintain its current level of service or if it becomes too reliant on a single client.
How does OCEAN ASSOCIATES INC compare to similar contractors?
OCEAN ASSOCIATES INC operates in a niche market, relying on sole-source contracts to secure government business. This suggests a specialized skill set or a unique offering that meets specific needs of the government. However, the lack of competitive wins indicates that the company may face challenges in expanding its client base and diversifying its revenue streams. The company's small contract sizes and lack of recent activity suggest that it may be a smaller player in the federal contracting market compared to larger contractors with more diverse client bases and competitive histories.
Recent Federal Contracts
Ocean Associates Inc has 1 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| NOAA Awards $244K for Fisheries Modeling Services to Ocean Associates Inc. | Department of Commerce | $244.3K | N/A |