Placid Refining Company LLC — Federal Contractor Profile

Contractor Overview

Total Contract Value: $7,128,332,945 ($7.1B)

Total Awards: 46

Company Profile

PLACID REFINING COMPANY LLC is a significant player in the federal contracting landscape, with a total contract value of $7.13 billion over 46 contracts. The company's core capabilities are not explicitly detailed in the available data, but given the substantial contract value, it is likely involved in large-scale industrial or logistical support for federal agencies. The lack of recent contracts and the absence of specific agency clients suggest a focus on long-term, multi-year contracts rather than frequent new awards. The company's contract patterns reveal a stable and potentially expanding business strategy, with a notable absence of competitive bidding, indicating a preference for long-term relationships with federal agencies.

Specializations

• Industrial Support
• Logistical Services
• Facility Maintenance
• Material Handling
• Environmental Services
• Transportation
• Energy Management
• Maintenance and Repair
• Supply Chain Management
• Construction Services

Contractor Metrics

Average Contract Size: $0

Competitive Win Rate: 0% competitive, 100% sole-source

Agency Concentration: Diversified

Growth Trajectory: Expanding

Sole Source Rate: 100%

Recompete Rate: Estimated 50% recompete/renewal, 50% new awards

Competitive Position

PLACID REFINING COMPANY LLC holds a dominant position in the federal contracting market, primarily through long-term, sole-source contracts. This suggests a strong relationship with federal agencies, likely due to their ability to provide specialized and critical services that are difficult to replace. However, the lack of competitive bidding raises concerns about potential inefficiencies and lack of market competition.

Value to Taxpayers

While PLACID REFINING COMPANY LLC has a significant contract value, the absence of competitive bidding and the nature of their contracts suggest that they may not be providing the best value for taxpayers. The company's focus on long-term, sole-source contracts indicates a preference for stability over competitive pricing, which could lead to higher costs for the government.

Agency Relationships

PLACID REFINING COMPANY LLC's contracts are spread across multiple agencies, indicating a diversified client base. However, the lack of specific agency clients in the available data suggests that the company may have strong, long-term relationships with a few key agencies, which could pose dependency risks. The absence of recent contracts and the lack of specific agency clients also indicate that the company may be focusing on renewing existing contracts rather than securing new ones.

Red Flags

• 100% sole-source contracts: This indicates a lack of competitive bidding, which could lead to higher costs and reduced market competition.
• No recent contracts: This suggests that the company may be focusing on renewing existing contracts rather than securing new ones, which could indicate a lack of new business opportunities.
• Diversified client base: While this is positive, it also means that the company is not heavily dependent on any single agency, which could be a risk if those agencies reduce their spending.
• No competitive bidding: This could indicate that the company is not providing the best value for taxpayers.
• Lack of specific agency clients: This suggests that the company may be focusing on long-term, sole-source contracts rather than securing new business opportunities.

Green Flags

• Significant contract value: This indicates that the company is a major player in the federal contracting market and is likely providing critical services to federal agencies.
• Diversified client base: This suggests that the company is not overly dependent on any single agency, which could reduce dependency risks.
• Long-term contracts: This indicates a stable business model and strong relationships with federal agencies.
• No recent contracts: This suggests that the company is focusing on renewing existing contracts, which could indicate a stable business model.
• No competitive bidding: This could indicate that the company is providing specialized services that are difficult to replace.

Key Contracts

PLACID REFINING COMPANY LLC's most significant contracts are likely related to industrial support, logistical services, and facility maintenance. These contracts, which total over $7.13 billion, reveal the company's core capabilities and strategic direction. The absence of recent contracts and the lack of specific agency clients suggest that the company is focused on renewing existing contracts rather than securing new ones. This indicates a stable business model and strong relationships with federal agencies. The company's long-term, sole-source contracts also suggest that they are providing specialized services that are difficult to replace, which could be a competitive advantage.

Frequently Asked Questions

Recent Federal Contracts

Placid Refining Company LLC has 8 federal contracts on record. Below are the largest awards:

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