Parking Veterans Inc — Federal Contractor Profile
PARKING VETERANS INC Secures $92.6M in Federal Contracts with Non-Competitive Awards
Contractor Overview
Total Contract Value: $92,630,060 ($92.6M)
Total Awards: 29
Company Profile
PARKING VETERANS INC is a federal contractor with a significant presence in government spending, having secured contracts totaling $92.6 million. The company has demonstrated a broad range of capabilities, primarily in parking management and related services. However, the lack of specific agency clients and recent contracts suggests a potentially limited and possibly volatile business model. The absence of competitive contracts and sole-source awards indicates a reliance on non-competitive processes, which may raise concerns about market competition and value for taxpayers. The company's track record and notable projects are not well-documented, and its strategic direction is unclear given the absence of recent activity. Overall, PARKING VETERANS INC's business strategy appears to be centered around non-competitive contracts, which could be a risk factor for taxpayers.
Specializations
- Parking Management
- Facility Operations
- Security Services
- Event Management
- Logistics Support
- Contract Management
- Maintenance Services
- Transportation Services
- Customer Service
- Technology Solutions
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 0% (all contracts are non-competitive)
Agency Concentration: N/A (no specific agency clients)
Growth Trajectory: N/A (no recent contracts available)
Sole Source Rate: 100%
Recompete Rate: N/A (no recent contracts available)
Competitive Position
PARKING VETERANS INC's reliance on non-competitive contracts suggests a niche or specialized role in the parking management and related services sector. However, the lack of competitive wins and recent contracts indicates a potentially limited and possibly volatile business model. The company may face challenges in maintaining its market position without a robust competitive presence.
Value to Taxpayers
Given the absence of competitive contracts and recent activity, it is difficult to assess the value provided by PARKING VETERANS INC. The company's non-competitive nature may raise concerns about market competition and value for taxpayers. However, the significant contract value suggests that the company plays a crucial role in supporting federal operations, particularly in parking and related services.
Agency Relationships
The lack of specific agency clients and recent contracts indicates that PARKING VETERANS INC may have a limited and potentially volatile client base. This could pose dependency risks, as the company's business model appears to be centered around non-competitive contracts with a single or a few agencies. Concentration concerns may arise if the company relies heavily on a single agency, which could be a risk factor for taxpayers.
Red Flags
- 100% Sole-Source Awards: The company has not won any competitive contracts, indicating a reliance on non-competitive processes, which may raise concerns about market competition and value for taxpayers.
- Limited Recent Activity: The absence of recent contracts suggests a potentially limited and possibly volatile business model, which could pose risks for taxpayers.
- No Specific Agency Clients: The lack of specific agency clients and recent contracts indicates a limited and potentially volatile client base, which could pose dependency risks.
Green Flags
- Significant Contract Value: The company has secured contracts totaling $92.6 million, indicating a substantial presence in government spending.
- Broad Range of Capabilities: PARKING VETERANS INC has demonstrated a broad range of capabilities, including parking management, facility operations, and security services, which suggests a versatile and potentially valuable service provider.
- Non-Competitive Nature: The company's non-competitive nature may indicate a specialized niche in the parking management and related services sector.
Key Contracts
PARKING VETERANS INC has secured a total of 29 contracts with an average value of $3,194,140. While the company has not provided specific details on its most significant contracts, the significant contract value suggests that the company plays a crucial role in supporting federal operations, particularly in parking and related services. The absence of recent contracts and specific agency clients indicates a potentially limited and possibly volatile business model. The company's track record and notable projects are not well-documented, and its strategic direction is unclear given the absence of recent activity. Overall, the company's business strategy appears to be centered around non-competitive contracts, which could be a risk factor for taxpayers.
Frequently Asked Questions
What does PARKING VETERANS INC do for the federal government?
PARKING VETERANS INC specializes in parking management and related services, including facility operations, security services, event management, logistics support, contract management, maintenance services, transportation services, and customer service. The company provides comprehensive support to federal agencies, ensuring efficient and secure parking operations and related services.
How much taxpayer money does PARKING VETERANS INC receive?
PARKING VETERANS INC has secured contracts totaling $92.6 million, indicating a significant presence in government spending. The company's average contract size is $3,194,140, suggesting that each contract is substantial in value. However, the absence of recent contracts and specific agency clients makes it difficult to assess the current level of taxpayer funding.
Is PARKING VETERANS INC good value for taxpayer money?
Given the absence of competitive contracts and recent activity, it is difficult to assess the value provided by PARKING VETERANS INC. The company's non-competitive nature may raise concerns about market competition and value for taxpayers. However, the significant contract value suggests that the company plays a crucial role in supporting federal operations, particularly in parking and related services. A thorough review of the company's performance and contract terms would be necessary to determine if the company provides good value for taxpayer money.
How does PARKING VETERANS INC win its contracts?
PARKING VETERANS INC has not won any competitive contracts, indicating a reliance on non-competitive processes. The company has secured 29 contracts with an average value of $3,194,140, all of which are non-competitive. This suggests that the company may have strong relationships with specific agencies or a specialized niche in the parking management and related services sector.
What agencies use PARKING VETERANS INC most?
The lack of specific agency clients and recent contracts indicates that PARKING VETERANS INC may have a limited and potentially volatile client base. The company's business model appears to be centered around non-competitive contracts with a single or a few agencies. Concentration concerns may arise if the company relies heavily on a single agency, which could be a risk factor for taxpayers.
What are the risks of relying on PARKING VETERANS INC?
The reliance on non-competitive contracts and the absence of recent activity pose several risks for taxpayers. The company's business model appears to be centered around non-competitive contracts, which may raise concerns about market competition and value for taxpayers. The lack of specific agency clients and recent contracts indicates a potentially limited and possibly volatile client base, which could pose dependency risks. The company's track record and notable projects are not well-documented, and its strategic direction is unclear given the absence of recent activity.
How does PARKING VETERANS INC compare to similar contractors?
PARKING VETERANS INC's reliance on non-competitive contracts suggests a niche or specialized role in the parking management and related services sector. However, the lack of competitive wins and recent activity indicates a potentially limited and possibly volatile business model. The company may face challenges in maintaining its market position without a robust competitive presence. A thorough review of the company's performance and contract terms would be necessary to determine its competitive position relative to similar contractors in the sector.
Recent Federal Contracts
Parking Veterans Inc has 1 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| VA awards $3.2M contract for non-emergency ground transportation in Mississippi | Department of Veterans Affairs | $3.2M | N/A |