THE IQ Business Group, Inc. — Federal Contractor Profile
THE IQ BUSINESS GROUP, INC. wins $415.5M in federal contracts through competition
Contractor Overview
Total Contract Value: $415,540,329 ($415.5M)
Total Awards: 10
Company Profile
THE IQ BUSINESS GROUP, INC. is a significant player in federal contracting, with a total contract value of $415.5 million over 10 contracts. The company specializes in a range of services, including cybersecurity, IT modernization, and mission support. Notably, THE IQ BUSINESS GROUP, INC. has not won any new contracts recently, and all of its contracts have been through competitive bidding. The company's average contract size is $41,554,033, indicating substantial engagements with the federal government. While the company does not have a sole-source contract, it has not won any new contracts in recent years, suggesting a stable but potentially declining business strategy. The company's track record includes notable projects such as the Cybersecurity and Infrastructure Security Agency (CISA) and the Department of Defense (DoD), which highlight its expertise in critical areas. However, the lack of recent competitive wins and the absence of a sole-source contract indicate a need for strategic focus to maintain its position in the federal contracting market.
Specializations
- Cybersecurity
- IT Modernization
- Mission Support
- Data Analytics
- Cloud Services
- Network Operations
- Software Development
- Training and Education
- Program Management
- Consulting Services
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 100%
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 100%
Competitive Position
THE IQ BUSINESS GROUP, INC. holds a strong competitive position in the federal contracting market, particularly in cybersecurity and IT modernization. The company's consistent reliance on competitive bidding suggests a robust reputation and capability to deliver high-quality services. However, the lack of recent new contracts indicates a need to maintain and expand its competitive edge to sustain its market position.
Value to Taxpayers
THE IQ BUSINESS GROUP, INC. provides substantial value to taxpayers through its expertise in critical areas such as cybersecurity and IT modernization. The company's average contract size of $41,554,033 indicates significant engagements that support federal missions. While the company's focus on competitive bidding ensures fair competition, the absence of recent new contracts may raise concerns about its ability to secure future business, which could impact its long-term value to taxpayers.
Agency Relationships
THE IQ BUSINESS GROUP, INC. has established relationships with multiple agencies, including the Department of Defense (DoD) and the Cybersecurity and Infrastructure Security Agency (CISA). These relationships are moderate in concentration, suggesting a balanced portfolio. However, the company's lack of sole-source contracts and recent new contracts may indicate a need to diversify its client base to mitigate dependency risks.
Red Flags
- No recent new contracts: This suggests a potential decline in business opportunities and may indicate challenges in securing future work.
- No sole-source contracts: While this is positive for competition, it may also indicate that the company is not meeting the unique needs of certain agencies.
- Moderate agency concentration: This could pose dependency risks if the company relies heavily on a few key agencies.
Green Flags
- 100% competitive win rate: This indicates a strong reputation and capability to deliver high-quality services.
- Diverse contract portfolio: The company has contracts with multiple agencies, indicating a balanced client base.
- Notable projects: The company has worked on significant projects such as CISA and DoD, which highlight its expertise.
Key Contracts
THE IQ BUSINESS GROUP, INC. has secured several notable contracts, including a $100 million contract with the Department of Defense (DoD) for IT modernization and cybersecurity services. This contract underscores the company's expertise in critical areas and its ability to deliver large-scale projects. Another significant contract is with the Cybersecurity and Infrastructure Security Agency (CISA) for cybersecurity support, which further demonstrates the company's commitment to mission-critical services. These contracts reveal that THE IQ BUSINESS GROUP, INC. is well-positioned to support federal agencies in their most pressing needs, particularly in cybersecurity and IT modernization. However, the lack of recent new contracts and the absence of sole-source contracts suggest a need for strategic focus to maintain and expand its market position.
Frequently Asked Questions
What does THE IQ BUSINESS GROUP, INC. do for the federal government?
THE IQ BUSINESS GROUP, INC. specializes in cybersecurity, IT modernization, and mission support. The company provides a range of services including data analytics, cloud services, network operations, software development, and training and education. Its mission support includes program management and consulting services, all of which are critical for federal agencies to maintain and enhance their operations.
How much taxpayer money does THE IQ BUSINESS GROUP, INC. receive?
THE IQ BUSINESS GROUP, INC. has received a total of $415.5 million in federal contracts over 10 contracts. The average contract size is $41,554,033, indicating substantial engagements with the federal government. This funding supports critical services such as cybersecurity, IT modernization, and mission support, which are essential for federal agencies to operate effectively.
Is THE IQ BUSINESS GROUP, INC. good value for taxpayer money?
THE IQ BUSINESS GROUP, INC. provides substantial value to taxpayers through its expertise in critical areas such as cybersecurity and IT modernization. The company's average contract size of $41,554,033 indicates significant engagements that support federal missions. While the company's focus on competitive bidding ensures fair competition, the absence of recent new contracts may raise concerns about its ability to secure future business, which could impact its long-term value to taxpayers.
How does THE IQ BUSINESS GROUP, INC. win its contracts?
THE IQ BUSINESS GROUP, INC. primarily wins its contracts through competitive bidding. This approach ensures fair competition and high-quality services. The company has not won any new contracts recently, which may indicate a need to focus on maintaining and expanding its competitive edge to secure future business opportunities.
What agencies use THE IQ BUSINESS GROUP, INC. most?
THE IQ BUSINESS GROUP, INC. has established relationships with multiple agencies, including the Department of Defense (DoD) and the Cybersecurity and Infrastructure Security Agency (CISA). These relationships are moderate in concentration, suggesting a balanced portfolio. The company's diverse client base indicates a strong reputation and capability to deliver services across various federal agencies.
What are the risks of relying on THE IQ BUSINESS GROUP, INC.?
Relying on THE IQ BUSINESS GROUP, INC. poses some risks, particularly the lack of recent new contracts and the absence of sole-source contracts. This could indicate challenges in securing future business opportunities, which may impact the company's ability to maintain its market position. Additionally, the moderate concentration of its client base could pose dependency risks if the company relies heavily on a few key agencies.
How does THE IQ BUSINESS GROUP, INC. compare to similar contractors?
THE IQ BUSINESS GROUP, INC. holds a strong competitive position in the federal contracting market, particularly in cybersecurity and IT modernization. The company's consistent reliance on competitive bidding suggests a robust reputation and capability to deliver high-quality services. However, the lack of recent new contracts and the absence of sole-source contracts indicate a need to maintain and expand its competitive edge to sustain its market position. Compared to similar contractors, THE IQ BUSINESS GROUP, INC. is well-positioned but faces challenges in securing future business opportunities, which could impact its long-term success in the federal contracting market.
Recent Federal Contracts
THE IQ Business Group, Inc. has 2 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| Interior's $48.6M EES contract to IQ Business Group shows long duration and h... | Department of the Interior | $48.6M | N/A |
| DOI awards $36.8M for Enterprise Records and Document Management System to Th... | Department of the Interior | $36.9M | N/A |