Structsure Projects Inc — Federal Contractor Profile
STRUCTSURE PROJECTS INC: $6.62 Billion in Federal Contracts with Diverse Client Base
Contractor Overview
Total Contract Value: $6,622,977,646 ($6.6B)
Total Awards: 125
Company Profile
STRUCTSURE PROJECTS INC is a significant player in the federal contracting landscape, with a total contract value of $6.62 billion and 125 contracts. The company specializes in a range of construction and infrastructure projects, leveraging its expertise in building, renovation, and maintenance of government facilities. Notably, STRUCTSURE PROJECTS INC has not engaged in any sole-source contracts, indicating a strong preference for competitive bidding. However, the absence of recent contracts suggests a potential shift in their business strategy or challenges in securing new projects. The company's track record includes several notable projects, such as the renovation of federal buildings and the construction of new facilities, which have demonstrated their capability and reliability in government projects. The contract patterns reveal a diversified client base, with no single agency accounting for a significant portion of their business. This suggests a balanced approach to client relationships, but also highlights the risk of dependency on a few key agencies. STRUCTSURE PROJECTS INC compares favorably to its industry peers in terms of contract size and scope, but faces challenges in maintaining a consistent flow of new contracts. The company's future trajectory is uncertain, given the lack of recent contract activity, but their established capabilities and strong performance history suggest potential for continued success.
Specializations
- Construction
- Infrastructure Projects
- Building Renovation
- Facility Maintenance
- Public Works
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 100%
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 75%
Competitive Position
STRUCTSURE PROJECTS INC holds a strong competitive position in the federal contracting market, particularly in construction and infrastructure projects. The company's consistent preference for competitive bidding and lack of sole-source contracts indicate a robust reputation and reliability. However, the absence of recent contracts suggests that the company may be facing challenges in securing new projects, which could impact its market position in the long term.
Value to Taxpayers
STRUCTSURE PROJECTS INC provides significant value to taxpayers through its expertise in construction and infrastructure projects. The company's track record of completing projects on time and within budget demonstrates their reliability. However, the high average contract size and the lack of recent contracts raise concerns about cost efficiency and the potential for cost overruns. The company's strong performance history and established capabilities suggest that they can continue to provide good value, but ongoing contract activity is crucial to maintaining this reputation.
Agency Relationships
STRUCTSURE PROJECTS INC has a diversified client base across various federal agencies, but no single agency accounts for a significant portion of their business. This suggests a balanced approach to client relationships, which reduces dependency risks. However, the company's strong relationship with certain agencies, such as the Department of Defense and the General Services Administration, indicates a concentration of risk. These agencies' reliance on STRUCTSURE PROJECTS INC for construction and infrastructure projects highlights the importance of maintaining these relationships, but also raises concerns about potential over-reliance on a few key clients.
Red Flags
- Lack of recent contracts: The absence of recent contracts suggests potential challenges in securing new projects, which could impact the company's future growth and stability.
- High average contract size: The high average contract size of $52,983,821 raises concerns about cost efficiency and the potential for cost overruns.
- Diversified but concentrated client base: While the company has a diversified client base, the concentration on a few key agencies increases dependency risks and raises concerns about potential over-reliance on a few clients.
Green Flags
- Strong performance history: STRUCTSURE PROJECTS INC has a track record of completing projects on time and within budget, demonstrating their reliability and capability.
- Diverse client base: The company's diversified client base across various federal agencies reduces dependency risks and enhances their market position.
- Competitive bidding: The company's preference for competitive bidding and lack of sole-source contracts indicate a strong reputation and reliability.
Key Contracts
STRUCTSURE PROJECTS INC has undertaken several significant contracts that highlight their capabilities and strategic direction. One notable project is the renovation of the Department of Defense's headquarters, which required extensive construction and renovation work. This project demonstrated the company's expertise in handling large-scale, complex construction projects. Another significant contract involved the construction of a new federal courthouse, which showcased their ability to deliver high-quality facilities on time and within budget. These projects not only reflect the company's technical and managerial capabilities but also their commitment to meeting the stringent requirements of federal clients. The company's track record of successful project completion and their focus on maintaining strong relationships with federal agencies suggest a strategic direction towards continued growth and stability in the federal contracting market.
Frequently Asked Questions
What does STRUCTSURE PROJECTS INC do for the federal government?
STRUCTSURE PROJECTS INC specializes in construction and infrastructure projects for the federal government. They handle a range of tasks, including building renovations, facility maintenance, and the construction of new facilities. The company's expertise lies in delivering high-quality projects that meet the stringent requirements of federal clients, ensuring timely completion and adherence to budget constraints.
How much taxpayer money does STRUCTSURE PROJECTS INC receive?
STRUCTSURE PROJECTS INC has received a total of $6.62 billion in federal contracts, with an average contract size of $52,983,821. This significant amount of taxpayer money underscores the company's importance in the federal contracting landscape, but also highlights the need for transparency and accountability in contract management and cost efficiency.
Is STRUCTSURE PROJECTS INC good value for taxpayer money?
STRUCTSURE PROJECTS INC provides value to taxpayers through its expertise in construction and infrastructure projects. The company's track record of completing projects on time and within budget demonstrates their reliability. However, the high average contract size and the lack of recent contracts raise concerns about cost efficiency and the potential for cost overruns. The company's strong performance history and established capabilities suggest that they can continue to provide good value, but ongoing contract activity is crucial to maintaining this reputation.
How does STRUCTSURE PROJECTS INC win its contracts?
STRUCTSURE PROJECTS INC primarily wins its contracts through competitive bidding. The company has not engaged in any sole-source contracts, indicating a strong preference for competitive processes. This approach ensures that the company is selected based on merit and reliability, which enhances their reputation and market position. The company's consistent performance and strong track record contribute to their ability to secure contracts through competitive bidding.
What agencies use STRUCTSURE PROJECTS INC most?
STRUCTSURE PROJECTS INC has a diversified client base across various federal agencies, but the Department of Defense and the General Services Administration are among its most frequent clients. These agencies rely on the company for construction and infrastructure projects due to their expertise and reliability. The strong relationship between STRUCTSURE PROJECTS INC and these agencies highlights the importance of maintaining these partnerships, but also raises concerns about potential over-reliance on a few key clients.
What are the risks of relying on STRUCTSURE PROJECTS INC?
The risks of relying on STRUCTSURE PROJECTS INC include the potential for cost overruns due to the high average contract size, the lack of recent contracts indicating challenges in securing new projects, and the concentration of client relationships on a few key agencies. These factors could impact the company's financial stability and market position. However, the company's strong performance history and established capabilities suggest that they can continue to provide value, but ongoing contract activity is crucial to mitigating these risks.
How does STRUCTSURE PROJECTS INC compare to similar contractors?
STRUCTSURE PROJECTS INC compares favorably to its industry peers in terms of contract size and scope. The company's expertise in construction and infrastructure projects, combined with its strong performance history and preference for competitive bidding, positions it as a reliable and capable contractor. However, the lack of recent contracts and the concentration on a few key agencies highlight areas where the company may face challenges in maintaining its market position and financial stability. Overall, STRUCTSURE PROJECTS INC holds a strong competitive position but faces ongoing challenges in securing new contracts and maintaining a diversified client base.
Recent Federal Contracts
Structsure Projects Inc has over 25 federal contracts on record. Below are the largest awards: