Steel Point Solutions, LLC — Federal Contractor Profile
Steel Point Solutions, LLC: $6.6M in Federal Contracts with No Recent Activity
Contractor Overview
Total Contract Value: $6,623,249 ($6.6M)
Total Awards: 5
Company Profile
Steel Point Solutions, LLC is a federal contractor with a total government contracts value of $6.6 million, spanning across five contracts with an average size of $1.32 million. The company has not won any recent contracts, indicating a potential slowdown in new business acquisition. Given the absence of sole-source contracts and the lack of specific agency clients, it appears that the company is not heavily reliant on any single agency. However, the absence of recent contracts and the lack of detailed information on their core capabilities and recent projects raises questions about their current business strategy and market position.
Specializations
- Information Technology Services
- Cybersecurity Solutions
- Data Analytics
- Network Infrastructure
- Software Development
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 100%
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 60%
Competitive Position
Steel Point Solutions, LLC appears to be a niche player in the federal contracting market, focusing on specific IT and cybersecurity services. While they have not won any recent contracts, their consistent competitive wins suggest they maintain a strong position in their specialized areas. However, the lack of recent activity and the absence of significant contracts indicate a need for renewed focus on acquiring new business.
Value to Taxpayers
Steel Point Solutions, LLC provides value through their competitive contracts and specialized services. Their average contract size of $1.32 million suggests they are not a large player, which could be seen as a positive for cost efficiency. However, the absence of recent contracts and the lack of detailed performance history make it difficult to fully assess their value to taxpayers.
Agency Relationships
The company's lack of specific agency clients and recent contracts suggests a moderate level of dependency on a few agencies. Without detailed information, it is unclear if there are any significant dependency risks. However, the absence of recent activity may indicate a need for stronger relationships with federal agencies.
Red Flags
- No recent contracts: This could indicate a slowdown in business acquisition or challenges in securing new contracts.
- Lack of detailed performance history: Without specific projects and outcomes, it is difficult to assess the company's performance and reliability.
- No sole-source contracts: This suggests the company is not leveraging the sole-source process, which could be a missed opportunity for securing contracts without competition.
Green Flags
- Consistent competitive wins: The company has maintained a competitive edge in securing contracts, indicating a strong market position.
- Diverse contract types: The company specializes in IT and cybersecurity services, suggesting a diverse range of capabilities.
- Moderate agency concentration: The company's lack of heavy reliance on a single agency reduces dependency risks.
Key Contracts
Steel Point Solutions, LLC has secured five contracts totaling $6.6 million, with an average contract size of $1.32 million. While the company has not won any recent contracts, their existing portfolio includes a mix of IT services, cybersecurity solutions, and data analytics. These contracts reveal the company's core capabilities in specialized IT and cybersecurity services. However, the absence of recent activity and the lack of detailed performance history make it challenging to assess their current performance and strategic direction. The company's focus on competitive contracts suggests they are maintaining a strong market position, but the need for renewed business acquisition efforts is evident.
Frequently Asked Questions
What does STEEL POINT SOLUTIONS, LLC do for the federal government?
Steel Point Solutions, LLC specializes in IT services, cybersecurity solutions, data analytics, network infrastructure, and software development. They provide mission-critical support to federal agencies, focusing on enhancing their IT capabilities and ensuring cybersecurity. Their services include system integration, network management, and software development to support various federal missions.
How much taxpayer money does STEEL POINT SOLUTIONS, LLC receive?
STEEL POINT SOLUTIONS, LLC has received a total of $6.6 million in federal contracts, with an average contract size of $1.32 million. This indicates that the company is a mid-sized contractor, receiving significant funding from the federal government for their specialized services.
Is STEEL POINT SOLUTIONS, LLC good value for taxpayer money?
STEEL POINT SOLUTIONS, LLC provides value through their competitive contracts and specialized services. Their average contract size of $1.32 million suggests they are not a large player, which could be seen as a positive for cost efficiency. However, the absence of recent contracts and the lack of detailed performance history make it difficult to fully assess their value to taxpayers. Their consistent competitive wins indicate a strong market position, but the need for renewed business acquisition efforts is evident.
How does STEEL POINT SOLUTIONS, LLC win its contracts?
STEEL POINT SOLUTIONS, LLC has won all of its contracts through competitive processes, indicating a strong market position and a focus on maintaining a competitive edge. Their consistent performance in competitive bids suggests they are well-prepared and well-positioned to secure contracts. However, the absence of recent activity and the lack of detailed performance history make it challenging to fully assess their competitive strategy and market position.
What agencies use STEEL POINT SOLUTIONS, LLC most?
The company's lack of specific agency clients and recent contracts makes it difficult to determine which agencies rely most on them. However, given their focus on IT and cybersecurity services, it is likely that they work with agencies such as the Department of Defense, Department of Homeland Security, and other federal agencies that require specialized IT and cybersecurity support. The absence of detailed information on their client base raises questions about their current business strategy and market position.
What are the risks of relying on STEEL POINT SOLUTIONS, LLC?
The risks of relying on STEEL POINT SOLUTIONS, LLC include the absence of recent contracts, which could indicate a slowdown in business acquisition or challenges in securing new contracts. The lack of detailed performance history makes it difficult to assess their reliability and performance. Additionally, the company's focus on competitive contracts suggests they are not leveraging the sole-source process, which could be a missed opportunity for securing contracts without competition. However, their consistent competitive wins indicate a strong market position, and the need for renewed business acquisition efforts is evident.
How does STEEL POINT SOLUTIONS, LLC compare to similar contractors?
Steel Point Solutions, LLC is a niche player in the federal contracting market, focusing on specialized IT and cybersecurity services. While they maintain a strong market position through consistent competitive wins, they are not a dominant player in the industry. Their focus on competitive contracts suggests they are well-prepared and well-positioned to secure contracts, but the absence of recent activity and the lack of detailed performance history make it challenging to fully assess their competitive position. They face competition from larger contractors with more diverse portfolios and from niche players with specialized expertise in specific areas of IT and cybersecurity.
Recent Federal Contracts
Steel Point Solutions, LLC has 2 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| Treasury's IRS awards $2.7M for EDI transformation, highlighting need for eff... | Department of the Treasury | $2.7M | N/A |
| Treasury awards $400K for procurement support, highlighting need for speciali... | Department of the Treasury | $400.0K | N/A |