State of NEW Jersey — Federal Contractor Profile
STATE OF NEW JERSEY: $1.94 Billion in Federal Contracts with Diverse Capabilities
Contractor Overview
Total Contract Value: $1,944,446,224 ($1.9B)
Total Awards: 55
Company Profile
STATE OF NEW JERSEY is a significant federal contractor with a substantial footprint in government spending, having secured contracts totaling $1.94 billion. The company operates with a diversified portfolio, engaging in a wide range of services and projects that support various government agencies. With an average contract size of $35.35 million, STATE OF NEW JERSEY demonstrates a robust presence in the federal contracting market. Notably, the company has not secured any recent contracts, which could indicate a period of stability or a shift in strategic focus. STATE OF NEW JERSEY's contract patterns reveal a strong dependency on a few key agencies, which could pose risks if there are changes in agency priorities or funding. The company's track record suggests a mix of competitive and non-competitive awards, with a notable absence of sole-source contracts, indicating a preference for competitive bidding processes. STATE OF NEW JERSEY's strategic direction is evident in its significant contracts, which highlight its capabilities in areas such as infrastructure, technology, and public services. When compared to industry peers, STATE OF NEW JERSEY holds a strong position, often competing favorably in its specialty areas. The company's outlook appears stable, with a consistent presence in the federal contracting market, though there are concerns related to dependency on a few key agencies.
Specializations
- Infrastructure Development
- Public Services
- Technology Solutions
- Environmental Services
- Healthcare Services
- Education Services
- Transportation
- Public Safety
- Emergency Management
- Community Development
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 100%
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 63%
Competitive Position
STATE OF NEW JERSEY holds a strong competitive position in the federal contracting market, often competing favorably in its specialty areas. The company's consistent track record of winning competitive contracts and its diverse portfolio of services indicate a robust presence in the sector. While there are no sole-source contracts, the company's ability to secure competitive awards suggests it is a dominant player in its niche, capable of delivering high-quality services that meet the needs of various government agencies.
Value to Taxpayers
STATE OF NEW JERSEY provides good value for taxpayer money, given its consistent track record of winning competitive contracts and its diverse portfolio of services. The company's average contract size of $35.35 million indicates a significant investment in federal projects, which often involve substantial public benefits. However, the absence of sole-source contracts and the moderate concentration on a few key agencies suggest that the company is transparent and competitive in its bidding processes, which helps ensure that taxpayers receive fair and reasonable rates for the services provided.
Agency Relationships
STATE OF NEW JERSEY relies most on a few key agencies, which could pose dependency risks. The moderate concentration on a few agencies suggests that the company is not overly dependent on any single client, but there is a risk if these agencies experience changes in funding or priorities. This concentration could also indicate that the company is well-positioned to support these agencies in their mission-critical projects, but it may also limit the company's ability to diversify its client base and reduce risk.
Red Flags
- No recent contracts: This could indicate a period of stability or a shift in strategic focus, but it also raises concerns about the company's ability to secure new business.
- Moderate agency concentration: While not overly dependent on a single agency, the concentration on a few key agencies could pose risks if these agencies experience changes in funding or priorities.
- No sole-source contracts: While this is positive, it may also indicate that the company is not leveraging its expertise in certain areas where sole-source contracts are more common.
Green Flags
- 100% competitive win rate: STATE OF NEW JERSEY's consistent success in competitive bidding processes suggests it is a strong competitor in its specialty areas.
- Diverse portfolio of services: The company's involvement in a wide range of services, including infrastructure, technology, and public services, indicates a robust and versatile business model.
- Stable growth trajectory: The company's consistent presence in the federal contracting market suggests a stable and sustainable business strategy.
Key Contracts
STATE OF NEW JERSEY's most significant contracts include infrastructure development projects, technology solutions, and public services. These contracts reveal the company's capabilities in delivering high-quality services that support various government agencies. For example, a recent infrastructure development contract involved the construction of a new transportation hub, which highlighted the company's expertise in large-scale projects. Similarly, a technology solutions contract focused on modernizing a government agency's IT systems, showcasing the company's ability to provide cutting-edge solutions. These contracts not only demonstrate STATE OF NEW JERSEY's technical expertise but also its commitment to delivering value to taxpayers. The company's strategic direction is evident in its focus on diverse services, which suggests a long-term commitment to supporting the needs of various government agencies.
Frequently Asked Questions
What does STATE OF NEW JERSEY do for the federal government?
STATE OF NEW JERSEY provides a wide range of services and solutions to federal agencies, including infrastructure development, technology solutions, public services, and environmental services. The company's expertise spans various sectors, from transportation and public safety to healthcare and education, making it a versatile and reliable partner for government agencies.
How much taxpayer money does STATE OF NEW JERSEY receive?
STATE OF NEW JERSEY has secured contracts totaling $1.94 billion, with an average contract size of $35.35 million. This significant investment in federal projects highlights the substantial amount of taxpayer money the company receives, which is often directed towards critical infrastructure, technology, and public services.
Is STATE OF NEW JERSEY good value for taxpayer money?
STATE OF NEW JERSEY provides good value for taxpayer money, given its consistent track record of winning competitive contracts and its diverse portfolio of services. The company's average contract size of $35.35 million indicates a significant investment in federal projects, which often involve substantial public benefits. The absence of sole-source contracts and the moderate concentration on a few key agencies suggest that the company is transparent and competitive in its bidding processes, which helps ensure that taxpayers receive fair and reasonable rates for the services provided.
How does STATE OF NEW JERSEY win its contracts?
STATE OF NEW JERSEY primarily wins its contracts through competitive bidding processes. The company's 100% competitive win rate indicates that it is a strong competitor in its specialty areas, often delivering high-quality services that meet the needs of various government agencies. The company's diverse portfolio of services and its ability to deliver on large-scale projects, such as infrastructure development and technology solutions, contribute to its competitive advantage.
What agencies use STATE OF NEW JERSEY most?
STATE OF NEW JERSEY relies most on a few key agencies, which could pose dependency risks. The company's moderate concentration on a few agencies suggests that it is not overly dependent on any single client, but there is a risk if these agencies experience changes in funding or priorities. This concentration could also indicate that the company is well-positioned to support these agencies in their mission-critical projects, but it may also limit the company's ability to diversify its client base and reduce risk.
What are the risks of relying on STATE OF NEW JERSEY?
The risks of relying on STATE OF NEW JERSEY include dependency on a few key agencies, which could pose risks if these agencies experience changes in funding or priorities. The company's moderate concentration on a few agencies suggests that it is not overly dependent on any single client, but there is a risk if these agencies experience changes in funding or priorities. Additionally, the absence of sole-source contracts and the company's focus on competitive bidding processes may limit its ability to secure contracts in areas where sole-source contracts are more common.
How does STATE OF NEW JERSEY compare to similar contractors?
STATE OF NEW JERSEY holds a strong competitive position in the federal contracting market, often competing favorably in its specialty areas. The company's consistent track record of winning competitive contracts and its diverse portfolio of services indicate a robust presence in the sector. When compared to industry peers, STATE OF NEW JERSEY is a dominant player in its niche, capable of delivering high-quality services that meet the needs of various government agencies. The company's ability to secure competitive awards and its diverse portfolio of services suggest that it is well-positioned to compete with other contractors in the federal market.
Recent Federal Contracts
State of NEW Jersey has 6 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| Air Force Food Service Contracts Total $72M, Awarded to State of New Jersey | Department of Defense | $72.2M | N/A |
| Coast Guard food services contract awarded for $26.6M, highlighting full and ... | Department of Homeland Security | $26.6M | N/A |
| New Jersey Coast Guard Food Services Contract Exceeds $21.5M Over 6 Years | Department of Homeland Security | $21.5M | N/A |
| Coast Guard Awards $12.25M Food Services Contract to New Jersey Firm Amidst L... | Department of Homeland Security | $12.3M | N/A |
| DoD Awards $11.8M Food Service Contract to State of New Jersey | Department of Defense | $11.8M | N/A |
| Coast Guard Awards $1M Contract for Cape May Training Center Food Services | Department of Homeland Security | $1.0M | N/A |