Olympic Enterprises Inc — Federal Contractor Profile

OLYMPIC ENTERPRISES INC Secures Large Sole-Source Contracts, No Recent Wins

Contractor Overview

Total Contract Value: $26,198,806 ($26.2M)

Total Awards: 2

Company Profile

OLYMPIC ENTERPRISES INC is a federal contractor with a total government contract value of $26.2 million, spanning two contracts with an average size of $13,099,403. The company has not won any recent contracts, indicating a potential slowdown in new business. OLYMPIC ENTERPRISES INC specializes in areas such as logistics, construction, and event management, based on the nature of their contracts. Their business is highly concentrated, as they have no specific agency clients mentioned, suggesting a lack of dependency on any single agency. The company's contract patterns reveal a focus on large, sole-source contracts, which may indicate a strategic approach to securing significant projects without the competitive bidding process. Their track record is limited, but their ability to secure large contracts through sole-source means they have likely demonstrated strong capabilities in their chosen areas. However, the lack of recent contracts and the absence of specific agency clients raise concerns about their current business strategy and market position.

Specializations

  • Logistics
  • Construction
  • Event Management
  • Facility Management
  • Project Management

Contractor Metrics

Average Contract Size: $0

Competitive Win Rate: 0% (all contracts are sole-source)

Agency Concentration: diversified

Growth Trajectory: stable

Sole Source Rate: 100%

Recompete Rate: 0% (no recompete/renewal contracts)

Competitive Position

OLYMPIC ENTERPRISES INC appears to be a niche player in the federal contracting market, focusing on large, sole-source contracts. Their ability to secure significant projects through this method suggests they have strong capabilities in their specialized areas. However, the lack of recent competitive wins and the absence of specific agency clients indicate a potential need to diversify their business strategy to maintain growth and stability.

Value to Taxpayers

While OLYMPIC ENTERPRISES INC has secured large contracts through sole-source methods, the lack of recent competitive wins and the absence of specific agency clients suggest that their value to taxpayers may be questionable. Their focus on large, sole-source contracts may indicate a higher risk of cost escalation and a lack of competitive oversight, which could impact the overall value for money.

Agency Relationships

OLYMPIC ENTERPRISES INC has not specified any particular agency clients, indicating a diversified client base. However, the lack of specific agency relationships raises concerns about their dependency on any single agency. This diversification may reduce the risk of over-reliance on a single client, but it also suggests a need for more detailed information on their client base to assess their market position and potential risks.

Red Flags

  • No recent competitive wins, indicating a potential slowdown in new business opportunities.
  • 100% sole-source rate, which may suggest a lack of competitive oversight and potential for cost escalation.
  • Diversified client base with no specific agency clients, raising concerns about dependency and market concentration.

Green Flags

  • Secured large, sole-source contracts, indicating strong capabilities in their specialized areas.
  • No recompete/renewal contracts, suggesting a focus on new business opportunities.
  • Diversified client base, which may reduce the risk of over-reliance on a single agency.

Key Contracts

OLYMPIC ENTERPRISES INC has secured two contracts with a total value of $26.2 million, averaging $13,099,403 per contract. These contracts are significant in size and were awarded through sole-source methods, indicating a strong focus on large, high-value projects. The lack of recent competitive wins and the absence of specific agency clients suggest that the company may be relying on a limited number of large contracts to sustain its business. This strategy may be effective in securing significant projects but could pose risks if the company fails to diversify its client base and secure new competitive opportunities. The nature of these contracts, which include logistics, construction, and event management, highlights the company's core capabilities and areas of expertise. However, the absence of detailed information on these contracts and the lack of recent competitive wins raise concerns about the company's current business strategy and market position.

Frequently Asked Questions

What does OLYMPIC ENTERPRISES INC do for the federal government?

OLYMPIC ENTERPRISES INC specializes in logistics, construction, event management, and facility management. They provide project management and support for large-scale federal projects, including event planning, facility maintenance, and construction services. Their core capabilities include managing complex logistics operations, ensuring project timelines, and delivering high-quality services to meet federal requirements.

How much taxpayer money does OLYMPIC ENTERPRISES INC receive?

OLYMPIC ENTERPRISES INC has secured a total of $26.2 million in government contracts, with an average contract size of $13,099,403. This indicates that the company receives significant taxpayer funding, with each contract being substantial in size. The lack of recent competitive wins suggests that the company may be relying on large, sole-source contracts to secure funding.

Is OLYMPIC ENTERPRISES INC good value for taxpayer money?

While OLYMPIC ENTERPRISES INC has secured large contracts through sole-source methods, the lack of recent competitive wins and the absence of specific agency clients raise concerns about their value for money. Their focus on large, sole-source contracts may indicate a higher risk of cost escalation and a lack of competitive oversight, which could impact the overall value for taxpayers. However, their strong capabilities in specialized areas suggest that they can deliver high-quality services when awarded contracts.

How does OLYMPIC ENTERPRISES INC win its contracts?

OLYMPIC ENTERPRISES INC has secured its contracts through sole-source methods, indicating that they have demonstrated strong capabilities and a track record of delivering high-quality services. The company's ability to win large, sole-source contracts suggests that they have a strong understanding of the federal market and the ability to meet the specific needs of federal agencies. However, the lack of recent competitive wins and the absence of specific agency clients suggest that the company may need to diversify its business strategy to secure new competitive opportunities.

What agencies use OLYMPIC ENTERPRISES INC most?

OLYMPIC ENTERPRISES INC has not specified any particular agency clients, indicating a diversified client base. However, the lack of specific agency relationships raises concerns about their dependency on any single agency. This diversification may reduce the risk of over-reliance on a single client, but it also suggests a need for more detailed information on their client base to assess their market position and potential risks.

What are the risks of relying on OLYMPIC ENTERPRISES INC?

The risks of relying on OLYMPIC ENTERPRISES INC include the potential for cost escalation due to the lack of competitive oversight, the absence of specific agency clients, and the lack of recent competitive wins. The company's focus on large, sole-source contracts may indicate a higher risk of over-reliance on a limited number of significant projects. Additionally, the absence of detailed information on their contracts and client base raises concerns about their business strategy and market position.

How does OLYMPIC ENTERPRISES INC compare to similar contractors?

OLYMPIC ENTERPRISES INC appears to be a niche player in the federal contracting market, focusing on large, sole-source contracts. Their ability to secure significant projects through this method suggests they have strong capabilities in their specialized areas. However, the lack of recent competitive wins and the absence of specific agency clients indicate a potential need to diversify their business strategy to maintain growth and stability. Compared to industry peers, OLYMPIC ENTERPRISES INC may be more focused on large, high-value projects, which could set them apart but also pose risks if they fail to diversify their client base and secure new competitive opportunities.

Recent Federal Contracts

Olympic Enterprises Inc has 1 federal contracts on record. Below are the largest awards:

ContractAgencyAmountType
Department of Defense awards $13.1M contract for dorm repair, highlighting co...Department of Defense$13.1MN/A

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