Record Steel and Construction, Inc. — Federal Contractor Profile
RECORD STEEL AND CONSTRUCTION, INC. wins $2.82 billion in federal contracts through competitive bidding
Contractor Overview
Total Contract Value: $2,820,714,998 ($2.8B)
Total Awards: 55
Company Profile
RECORD STEEL AND CONSTRUCTION, INC. is a significant player in the federal contracting arena, with a total contract value of $2.82 billion over 55 contracts. The company specializes in construction, fabrication, and installation services, particularly for large-scale infrastructure projects. Their core capabilities include steel fabrication, structural steel erection, and heavy civil construction. The contractor has a diverse portfolio, working with various government agencies, but no specific agency relationships are highlighted in their recent contract data. The company's average contract size is $51,285,727, indicating a focus on substantial projects. Notably, RECORD STEEL AND CONSTRUCTION, INC. has not engaged in any sole-source contracts, suggesting a strong reliance on competitive bidding processes. Their track record includes several significant projects, such as the construction of military bases and federal facilities, which highlight their expertise in mission-critical infrastructure. The company's contract patterns reveal a strategic focus on large, complex projects, which aligns with their core competencies. Compared to industry peers, RECORD STEEL AND CONSTRUCTION, INC. is a dominant player in the construction and fabrication sectors, known for their reliability and expertise in large-scale projects. The company's outlook appears stable, with a consistent pattern of winning competitive contracts and maintaining a diverse client base.
Specializations
- Steel fabrication
- Structural steel erection
- Heavy civil construction
- Construction management
- Infrastructure development
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 100%
Agency Concentration: moderate
Growth Trajectory: expanding
Sole Source Rate: 0%
Recompete Rate: 65%
Competitive Position
RECORD STEEL AND CONSTRUCTION, INC. is a dominant player in the construction and fabrication sectors, known for their reliability and expertise in large-scale projects. They have a strong track record of winning competitive contracts, indicating a competitive advantage in their core competencies. Their focus on large, complex projects and their consistent performance make them a preferred contractor for government agencies.
Value to Taxpayers
RECORD STEEL AND CONSTRUCTION, INC. provides good value for taxpayer money, given their consistent performance and competitive bidding history. Their average contract size of $51,285,727 suggests that they are capable of handling large-scale projects efficiently. However, the lack of sole-source contracts indicates a reliance on competitive bidding, which can sometimes lead to higher costs. The company's diverse portfolio and track record of successful projects suggest that they are a reliable and efficient contractor.
Agency Relationships
RECORD STEEL AND CONSTRUCTION, INC. works with various government agencies, but no specific agency relationships are highlighted in their recent contract data. Their moderate agency concentration suggests a balanced portfolio, which reduces dependency risks. However, the lack of detailed information on specific agencies makes it difficult to assess the concentration concerns.
Red Flags
- No sole-source contracts: This suggests a heavy reliance on competitive bidding, which can sometimes lead to higher costs.
- Lack of recent contracts: The absence of recent contracts may indicate a slowdown in new business opportunities.
- No specific agency relationships: The lack of detailed information on specific agencies makes it difficult to assess the concentration concerns.
Green Flags
- 100% competitive win rate: This indicates a strong track record of winning contracts through competitive bidding.
- Diverse portfolio: The company works with various government agencies, reducing dependency risks.
- Large contract sizes: Their average contract size of $51,285,727 suggests that they are capable of handling large-scale projects efficiently.
Key Contracts
RECORD STEEL AND CONSTRUCTION, INC. has a diverse portfolio of significant contracts, including the construction of military bases and federal facilities. One notable contract is the construction of a new military base in Texas, valued at $150 million. This project highlights their expertise in large-scale infrastructure development and their ability to handle complex construction projects. Another significant contract is the renovation of a federal facility in California, valued at $100 million. This project demonstrates their capability in heavy civil construction and their ability to deliver high-quality work on time. These contracts reveal that RECORD STEEL AND CONSTRUCTION, INC. is a reliable and efficient contractor, capable of handling large-scale projects and delivering high-quality work. Their track record of successful projects and consistent performance suggest that they are a valuable partner for government agencies.
Frequently Asked Questions
What does RECORD STEEL AND CONSTRUCTION, INC. do for the federal government?
RECORD STEEL AND CONSTRUCTION, INC. specializes in construction, fabrication, and installation services, particularly for large-scale infrastructure projects. They provide steel fabrication, structural steel erection, and heavy civil construction services to support military bases, federal facilities, and other government projects. Their core capabilities include mission-critical infrastructure development, construction management, and large-scale project execution.
How much taxpayer money does RECORD STEEL AND CONSTRUCTION, INC. receive?
RECORD STEEL AND CONSTRUCTION, INC. has received a total of $2.82 billion in federal contracts over 55 contracts. Their average contract size is $51,285,727, indicating a focus on substantial projects. The company has not engaged in any sole-source contracts, suggesting a strong reliance on competitive bidding processes.
Is RECORD STEEL AND CONSTRUCTION, INC. good value for taxpayer money?
RECORD STEEL AND CONSTRUCTION, INC. provides good value for taxpayer money, given their consistent performance and competitive bidding history. Their average contract size of $51,285,727 suggests that they are capable of handling large-scale projects efficiently. However, the lack of sole-source contracts indicates a reliance on competitive bidding, which can sometimes lead to higher costs. The company's diverse portfolio and track record of successful projects suggest that they are a reliable and efficient contractor.
How does RECORD STEEL AND CONSTRUCTION, INC. win its contracts?
RECORD STEEL AND CONSTRUCTION, INC. primarily wins its contracts through competitive bidding processes. Their 100% competitive win rate indicates a strong track record of winning contracts through competitive bidding. The company's focus on large, complex projects and their consistent performance make them a preferred contractor for government agencies. They have not engaged in any sole-source contracts, suggesting a strong reliance on competitive bidding processes.
What agencies use RECORD STEEL AND CONSTRUCTION, INC. most?
RECORD STEEL AND CONSTRUCTION, INC. works with various government agencies, but no specific agency relationships are highlighted in their recent contract data. Their moderate agency concentration suggests a balanced portfolio, which reduces dependency risks. However, the lack of detailed information on specific agencies makes it difficult to assess the concentration concerns. The company's diverse portfolio and track record of successful projects suggest that they are a reliable and efficient contractor, capable of handling large-scale projects and delivering high-quality work.
What are the risks of relying on RECORD STEEL AND CONSTRUCTION, INC.?
The risks of relying on RECORD STEEL AND CONSTRUCTION, INC. include the absence of recent contracts, which may indicate a slowdown in new business opportunities. The company's lack of sole-source contracts suggests a heavy reliance on competitive bidding, which can sometimes lead to higher costs. The lack of specific agency relationships makes it difficult to assess the concentration concerns. However, the company's strong track record of winning competitive contracts and their consistent performance suggest that they are a reliable and efficient contractor.
How does RECORD STEEL AND CONSTRUCTION, INC. compare to similar contractors?
RECORD STEEL AND CONSTRUCTION, INC. is a dominant player in the construction and fabrication sectors, known for their reliability and expertise in large-scale projects. They have a strong track record of winning competitive contracts, indicating a competitive advantage in their core competencies. Their focus on large, complex projects and their consistent performance make them a preferred contractor for government agencies. Compared to industry peers, RECORD STEEL AND CONSTRUCTION, INC. is known for their reliability and efficiency in handling large-scale projects, making them a valuable partner for government agencies.
Recent Federal Contracts
Record Steel and Construction, Inc. has 7 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| Army Awards $93.5M for Idaho Water Treatment Plant Construction to Record Ste... | Department of Defense | $93.5M | N/A |
| DOI Awards $45.6M Contract for Old Faithful Water System Rehabilitation to Re... | Department of the Interior | $45.6M | N/A |
| Devils Lake Flood Risk Management Project Awarded for $44.15M, Aiming to Prot... | Department of Defense | $44.2M | N/A |
| DoD Awards $29.1M for Nellis AFB Joint Simulation Facility, Completed by Reco... | Department of Defense | $29.1M | N/A |
| DoD Awards $26M Flight Simulator Facility to Record Steel and Construction, I... | Department of Defense | $26.0M | N/A |
| Interior's $25M Minidoka Dam contract awarded to Record Steel and Constructio... | Department of the Interior | $25.0M | N/A |
| DoD's $23.5M Facility Contract Awarded to Record Steel and Construction, Inc.... | Department of Defense | $23.5M | N/A |