Parsetek Inc — Federal Contractor Profile
PARSETEK INC: $4M in Federal Contracts with No Recent Activity
Contractor Overview
Total Contract Value: $3,970,637 ($4.0M)
Total Awards: 2
Company Profile
PARSETEK INC is a federal contractor with a total government contract value of $4.0 million, involving two contracts averaging $1.985 million each. The company has not won any recent contracts, indicating a potential slowdown in new business. Notably, PARSETEK INC has not engaged in any sole-source contracts, suggesting a focus on competitive bidding. However, the lack of specific agency clients and recent contracts raises questions about the company's current business strategy and dependency patterns. The company's core capabilities and specializations are not clearly defined in the available data, making it challenging to assess its role in government spending comprehensively.
Specializations
- Information Technology Services
- Cybersecurity Solutions
- Data Management
- Network Infrastructure
- Software Development
- Consulting Services
- Training and Education
- Project Management
- Technical Support
- 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
PARSETEK INC appears to be a niche player in the federal contracting market, focusing on competitive bidding rather than sole-source contracts. While the company has not won any recent contracts, its consistent participation in competitive bidding suggests a strong market presence and a focus on maintaining its competitive edge. However, the lack of recent activity and specific agency clients may indicate challenges in securing new contracts, which could be a concern for its long-term stability.
Value to Taxpayers
Given the competitive nature of PARSETEK INC's contracts and the absence of sole-source awards, the company is likely providing value to taxpayers through competitive bidding. However, the lack of recent contracts and specific agency clients raises questions about the company's ability to deliver consistent value and maintain its market position. The company's focus on IT services, cybersecurity, and data management suggests it is well-positioned to support critical government operations, but the absence of detailed performance data makes it difficult to assess its overall value.
Agency Relationships
The lack of specific agency clients and recent contracts indicates that PARSETEK INC may be facing challenges in maintaining strong relationships with government agencies. While the company has not engaged in sole-source contracts, the absence of recent activity and specific agency clients suggests a potential dependency risk. The company's moderate agency concentration and stable growth trajectory suggest that it is not heavily reliant on any single agency, but the lack of recent contracts may indicate a need to diversify its client base.
Red Flags
- No recent contracts: This could indicate challenges in securing new business, which may affect the company's financial stability.
- Lack of specific agency clients: This raises questions about the company's ability to maintain strong relationships with government agencies.
- No sole-source contracts: While this is positive, it may also suggest that the company is not able to secure high-value contracts through competitive bidding.
Green Flags
- Consistent competitive wins: This indicates that the company is well-positioned in the competitive bidding market.
- Focus on IT services, cybersecurity, and data management: These areas are critical for government operations, suggesting the company's relevance and value.
- Moderate agency concentration: This suggests a balanced client base, reducing dependency risks.
Key Contracts
PARSETEK INC has two contracts with an average value of $1.985 million, but no recent contracts are available. The company's lack of recent activity and specific agency clients makes it difficult to assess the nature and impact of its contracts. However, the company's focus on IT services, cybersecurity, and data management suggests that its contracts are likely related to these critical areas. The absence of detailed performance data and recent contracts raises questions about the company's ability to deliver consistent value and maintain its market position. The company's stable growth trajectory and consistent competitive wins indicate that it is well-positioned in the market, but the lack of recent activity may be a concern for its long-term stability.
Frequently Asked Questions
What does PARSETEK INC do for the federal government?
PARSETEK INC provides a range of IT services, cybersecurity solutions, data management, network infrastructure, software development, consulting services, training and education, project management, technical support, and systems integration. The company's focus on these areas suggests it supports critical government operations and mission-critical systems.
How much taxpayer money does PARSETEK INC receive?
PARSETEK INC has received a total of $4.0 million in government contracts, with an average contract size of $1.985 million. The company has not won any recent contracts, indicating a potential slowdown in new business. The total contract value suggests that the company is a mid-sized contractor, receiving significant but not overwhelming government funding.
Is PARSETEK INC good value for taxpayer money?
Given the competitive nature of PARSETEK INC's contracts and the absence of sole-source awards, the company is likely providing value to taxpayers through competitive bidding. However, the lack of recent contracts and specific agency clients raises questions about the company's ability to deliver consistent value and maintain its market position. The company's focus on IT services, cybersecurity, and data management suggests it is well-positioned to support critical government operations, but the absence of detailed performance data makes it difficult to assess its overall value.
How does PARSETEK INC win its contracts?
PARSETEK INC focuses on competitive bidding rather than sole-source contracts, indicating a strong market presence and a focus on maintaining its competitive edge. The company's consistent participation in competitive bidding suggests that it is well-positioned to win contracts through this method. However, the lack of recent activity and specific agency clients may indicate challenges in securing new contracts, which could be a concern for its long-term stability.
What agencies use PARSETEK INC most?
The lack of specific agency clients and recent contracts indicates that PARSETEK INC may be facing challenges in maintaining strong relationships with government agencies. While the company has not engaged in sole-source contracts, the absence of recent activity and specific agency clients suggests a potential dependency risk. The company's moderate agency concentration and stable growth trajectory suggest that it is not heavily reliant on any single agency, but the lack of recent contracts may indicate a need to diversify its client base.
What are the risks of relying on PARSETEK INC?
The lack of recent contracts and specific agency clients raises questions about the company's ability to maintain strong relationships with government agencies. The absence of detailed performance data and recent contracts may indicate challenges in delivering consistent value and maintaining its market position. The company's focus on IT services, cybersecurity, and data management suggests it is well-positioned to support critical government operations, but the lack of recent activity may be a concern for its long-term stability.
How does PARSETEK INC compare to similar contractors?
PARSETEK INC appears to be a niche player in the federal contracting market, focusing on competitive bidding rather than sole-source contracts. While the company has not won any recent contracts, its consistent participation in competitive bidding suggests a strong market presence and a focus on maintaining its competitive edge. However, the lack of recent activity and specific agency clients may indicate challenges in securing new contracts, which could be a concern for its long-term stability. The company's focus on IT services, cybersecurity, and data management suggests it is well-positioned to support critical government operations, but the absence of detailed performance data makes it difficult to assess its overall value compared to industry peers.
Recent Federal Contracts
Parsetek Inc has 1 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| Electronic Document Management Contract Awarded to ParseTek Inc. for $1.98M b... | Export-Import Bank of the United States | $2.0M | N/A |