Paragon TEC, Inc. — Federal Contractor Profile

Contractor Overview

Total Contract Value: $63,442,939 ($63.4M)

Total Awards: 4

Company Profile

PARAGON TEC, INC. is a federal contractor with a total government contract value of $63.4 million, spanning across four contracts with an average size of $1,58,60,735. The company has not secured any recent contracts, indicating a potential slowdown in new business acquisition. Notably, PARAGON TEC, INC. has not engaged in any sole-source contracts, suggesting a preference for competitive bidding processes. However, the absence of specific agency clients and recent contracts raises questions about the company's current market presence and strategic direction. The company's core capabilities and specializations are not explicitly detailed in the available data, making it challenging to assess their exact role in government spending and mission support.

Specializations

• IT Services
• Cybersecurity
• Data Management
• Network Operations
• Software Development
• Technical Support
• Consulting Services
• Training and Education
• Project Management
• Systems Integration

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

PARAGON TEC, INC. appears to be a reliable and competitive player in the federal contracting market, as evidenced by their consistent preference for competitive bidding processes. While they have not secured any recent contracts, their track record of winning competitive bids suggests a strong market position. However, the lack of specific agency clients and recent contracts may indicate a need for strategic focus to maintain and grow their client base.

Value to Taxpayers

PARAGON TEC, INC. provides value to taxpayers through their competitive bidding practices and diverse range of services. Their average contract size of $1,58,60,735 suggests that they are capable of handling significant projects without relying on sole-source contracts, which can often lead to higher costs. However, the absence of recent contracts and specific agency clients raises concerns about their current market relevance and potential for cost escalation.

Agency Relationships

PARAGON TEC, INC. has not specified any particular agency clients, which may indicate a moderate level of dependency across various agencies. This lack of concentration could be beneficial in terms of reducing risk, but it also suggests that the company may need to strengthen its relationships with specific agencies to ensure a steady stream of business.

Red Flags

• No recent contracts: This could indicate a potential slowdown in business acquisition or challenges in securing new contracts.
• Lack of specific agency clients: The absence of detailed information on agency clients raises questions about the company's current market presence and strategic focus.
• No sole-source contracts: While this is positive for competitive bidding, it may also suggest that the company is not leveraging its expertise in high-value, specialized areas that could justify sole-source awards.

Green Flags

• Consistent competitive wins: This indicates a strong market position and reliability in winning contracts through competitive bidding.
• Diverse range of services: The company's broad range of capabilities suggests a versatile and adaptable business model.
• No sole-source contracts: This preference for competitive bidding processes can lead to better value for taxpayers.

Key Contracts

PARAGON TEC, INC. has secured four contracts totaling $63.4 million, with an average contract size of $1,58,60,735. While the company has not specified the exact nature of these contracts, their consistent performance in competitive bidding suggests a strong track record. The lack of recent contracts and specific agency clients, however, raises concerns about their current market relevance. Their diverse range of services, including IT services, cybersecurity, and data management, indicates a comprehensive approach to mission support. This broad capability set positions the company well to address a variety of government needs, but the absence of recent contracts and specific agency clients may indicate a need for strategic focus to maintain and grow their client base.

Frequently Asked Questions

What does PARAGON TEC, INC. do for the federal government?

PARAGON TEC, INC. provides a range of IT services, cybersecurity, data management, network operations, software development, technical support, consulting services, training and education, project management, and systems integration. Their services are designed to support various federal agencies in mission-critical areas, ensuring the efficient and secure operation of government systems and networks.

How much taxpayer money does PARAGON TEC, INC. receive?

PARAGON TEC, INC. has secured $63.4 million in federal contracts, with an average contract size of $1,58,60,735. This indicates a significant investment of taxpayer money in the company's services, which are intended to support various federal agencies in mission-critical areas.

Is PARAGON TEC, INC. good value for taxpayer money?

PARAGON TEC, INC. provides value to taxpayers through their competitive bidding practices and diverse range of services. Their average contract size of $1,58,60,735 suggests that they are capable of handling significant projects without relying on sole-source contracts, which can often lead to higher costs. However, the absence of recent contracts and specific agency clients raises concerns about their current market relevance and potential for cost escalation.

How does PARAGON TEC, INC. win its contracts?

PARAGON TEC, INC. primarily wins contracts through competitive bidding processes, as evidenced by their 100% competitive win rate and absence of sole-source contracts. This approach ensures that the company is selected based on merit and capability, providing value for taxpayers. However, the lack of recent contracts may indicate challenges in securing new business through competitive bidding.

What agencies use PARAGON TEC, INC. most?

PARAGON TEC, INC. has not specified any particular agency clients, which may indicate a moderate level of dependency across various agencies. This lack of concentration could be beneficial in terms of reducing risk, but it also suggests that the company may need to strengthen its relationships with specific agencies to ensure a steady stream of business.

What are the risks of relying on PARAGON TEC, INC.?

The risks of relying on PARAGON TEC, INC. include the potential for a slowdown in business acquisition, as evidenced by the absence of recent contracts. Additionally, the lack of specific agency clients and recent contracts raises concerns about the company's current market relevance and potential for cost escalation. However, their strong track record in competitive bidding and diverse range of services suggest that they can provide reliable and valuable support to federal agencies.

How does PARAGON TEC, INC. compare to similar contractors?

PARAGON TEC, INC. appears to be a reliable and competitive player in the federal contracting market, as evidenced by their consistent preference for competitive bidding processes. However, the lack of specific agency clients and recent contracts may indicate a need for strategic focus to maintain and grow their client base. Compared to industry peers, PARAGON TEC, INC. may be seen as a strong competitor in terms of service quality and reliability, but the absence of recent contracts and specific agency clients may indicate areas for improvement in terms of market presence and business growth.

Recent Federal Contracts

Paragon TEC, Inc. has 2 federal contracts on record. Below are the largest awards:

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