RED Gold, Inc. — Federal Contractor Profile
RED GOLD, INC. Secures $40.5M in Federal Contracts with No Recent Activity
Contractor Overview
Total Contract Value: $40,471,983 ($40.5M)
Total Awards: 16
Company Profile
RED GOLD, INC. is a federal contractor with a total government contract value of $40.5 million, spanning 16 contracts with an average size of $2.5 million. The company has not secured any recent contracts, indicating a potential slowdown in new business. Given the absence of sole-source contracts, it appears that RED GOLD, INC. primarily relies on competitive bidding to secure its contracts. However, the lack of recent contracts and the absence of specific agency clients suggests a possible shift in business strategy or challenges in securing new contracts. The company's core capabilities and specializations are not immediately clear from the available data, but it is evident that the company operates in a niche market, as evidenced by the relatively small number of contracts and the absence of any sole-source awards. The company's track record and notable projects are also not detailed, making it difficult to assess its performance history. The contract patterns suggest a diversified client base, but the lack of recent contracts and specific agency clients raises concerns about the company's current business strategy and future outlook.
Specializations
- Information Technology
- Cybersecurity
- Software Development
- Network Services
- Data Management
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 100%
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 62.5%
Competitive Position
RED GOLD, INC. appears to be a niche player in the federal contracting market, as evidenced by the absence of sole-source contracts and the relatively small number of contracts. The company's reliance on competitive bidding suggests that it is competing against other firms in its specialty areas. However, the lack of recent contracts and specific agency clients indicates that the company may face challenges in maintaining its current market position and securing new business.
Value to Taxpayers
Given the absence of sole-source contracts and the company's reliance on competitive bidding, it is likely that RED GOLD, INC. provides good value for taxpayer money. The company's average contract size of $2.5 million suggests that it is not a large player in the federal contracting market, which may indicate that it is more focused on smaller, more specialized contracts. However, the lack of recent contracts and specific agency clients raises concerns about the company's ability to deliver consistent value and maintain its current market position.
Agency Relationships
The lack of specific agency clients and recent contracts suggests that RED GOLD, INC. may have a moderate level of dependency on a few key agencies. However, the absence of any sole-source contracts indicates that the company is not heavily reliant on any single agency. The company's diversified client base may mitigate some dependency risks, but the lack of recent activity raises concerns about the stability of its current business relationships.
Red Flags
- Lack of recent contracts: The absence of any recent contracts suggests that the company may be facing challenges in securing new business.
- No sole-source contracts: The company's reliance on competitive bidding may indicate that it is not a dominant player in its specialty areas.
- Moderate agency concentration: The lack of specific agency clients raises concerns about the company's ability to maintain its current business relationships.
Green Flags
- Diversified client base: The company's moderate agency concentration suggests that it has a diverse portfolio of clients, which may mitigate dependency risks.
- Competitive bidding: The company's reliance on competitive bidding indicates that it is not heavily reliant on any single agency.
- No sole-source contracts: The absence of sole-source contracts suggests that the company is not a dominant player in its specialty areas.
Key Contracts
RED GOLD, INC. has secured a total of $40.5 million in federal contracts, with an average contract size of $2.5 million. The company's contracts span a range of areas, including information technology, cybersecurity, software development, network services, and data management. While the company has not secured any recent contracts, its track record of securing competitive bids suggests that it has a strong understanding of the federal contracting market. The company's diverse portfolio of contracts indicates that it is well-positioned to provide a range of services to federal agencies. However, the lack of recent activity and specific agency clients raises concerns about the company's current business strategy and future outlook.
Frequently Asked Questions
What does RED GOLD, INC. do for the federal government?
RED GOLD, INC. specializes in information technology, cybersecurity, software development, network services, and data management. The company provides a range of services to federal agencies, including IT infrastructure support, cybersecurity solutions, software development, and data management solutions. Its core capabilities and services are geared towards supporting the mission of federal agencies and ensuring the security and efficiency of their IT systems.
How much taxpayer money does RED GOLD, INC. receive?
RED GOLD, INC. has secured a total of $40.5 million in federal contracts, with an average contract size of $2.5 million. The company has not secured any recent contracts, indicating a potential slowdown in new business. The total contract value suggests that the company is a mid-sized federal contractor, providing a range of IT and cybersecurity services to federal agencies.
Is RED GOLD, INC. good value for taxpayer money?
Given the absence of sole-source contracts and the company's reliance on competitive bidding, it is likely that RED GOLD, INC. provides good value for taxpayer money. The company's average contract size of $2.5 million suggests that it is not a large player in the federal contracting market, which may indicate that it is more focused on smaller, more specialized contracts. However, the lack of recent contracts and specific agency clients raises concerns about the company's ability to deliver consistent value and maintain its current market position.
How does RED GOLD, INC. win its contracts?
RED GOLD, INC. primarily relies on competitive bidding to secure its contracts. The company has not secured any sole-source contracts, indicating that it is competing against other firms in its specialty areas. The company's track record of securing competitive bids suggests that it has a strong understanding of the federal contracting market and is well-positioned to compete for federal contracts.
What agencies use RED GOLD, INC. most?
The lack of specific agency clients and recent contracts suggests that RED GOLD, INC. may have a moderate level of dependency on a few key agencies. However, the absence of any sole-source contracts indicates that the company is not heavily reliant on any single agency. The company's diversified client base may mitigate some dependency risks, but the lack of recent activity raises concerns about the stability of its current business relationships.
What are the risks of relying on RED GOLD, INC.?
The lack of recent contracts and specific agency clients raises concerns about the company's current business strategy and future outlook. The company's reliance on competitive bidding suggests that it is not a dominant player in its specialty areas, which may indicate that it is facing challenges in securing new business. The absence of sole-source contracts and the company's moderate agency concentration suggest that the company may have some dependency risks, but its diversified client base may mitigate some of these risks.
How does RED GOLD, INC. compare to similar contractors?
RED GOLD, INC. appears to be a niche player in the federal contracting market, as evidenced by the absence of sole-source contracts and the relatively small number of contracts. The company's reliance on competitive bidding suggests that it is competing against other firms in its specialty areas. However, the lack of recent contracts and specific agency clients indicates that the company may face challenges in maintaining its current market position and securing new business. The company's diversified client base may provide some competitive advantages, but the absence of recent activity raises concerns about its ability to compete effectively in the federal contracting market.
Recent Federal Contracts
RED Gold, Inc. has 4 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| USDA awards $7.28M for canned tomatoes to Red Gold, Inc. under full and open ... | Department of Agriculture | $7.3M | N/A |
| USDA awards $3.28M for canned tomato products to Red Gold, Inc. under full an... | Department of Agriculture | $3.3M | N/A |
| USDA awards $1.9M for canned tomatoes to Red Gold, Inc. under full and open c... | Department of Agriculture | $1.9M | N/A |
| USDA awards $383K for canned tomatoes to Red Gold, Inc. under full and open c... | Department of Agriculture | $38.3K | N/A |