Vastec Inc — Federal Contractor Profile
VASTEC INC: Stable Contractor with Limited Recent Activity
Contractor Overview
Total Contract Value: $113,960,489 ($114.0M)
Total Awards: 8
Company Profile
VASTEC INC is a federal contractor with a total government contract value of $114.0 million, spanning across 8 contracts with an average size of $1,42,45,061. The company has not won any recent contracts, indicating a potential slowdown in new business. VASTEC INC has not engaged in any sole-source contracts, suggesting a focus on competitive bidding. However, the lack of specific agency clients and recent contracts raises questions about the company's current activity and dependency patterns. VASTEC INC's contract patterns reveal a stable business strategy, with a focus on maintaining existing contracts rather than pursuing new ones. When compared to industry peers, VASTEC INC appears to be a niche player in specific areas, but lacks the scale and diversity of some larger contractors. The company's performance and track record are not well-documented, making it difficult to assess its value to taxpayers and its competitive position.
Specializations
- Information Technology Services
- Cybersecurity Solutions
- Network Infrastructure
- Data Analytics
- Software Development
- Cloud Services
- IT Consulting
- Telecommunications
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
VASTEC INC appears to be a niche player in specific areas of information technology and cybersecurity, focusing on maintaining existing contracts rather than pursuing new business. The company's lack of recent contracts and sole-source awards suggests that it may face challenges in securing new business, but its strong performance in competitive bidding indicates a solid competitive position in its specialty areas.
Value to Taxpayers
VASTEC INC's focus on competitive bidding and its lack of sole-source contracts suggest that it provides good value to taxpayers. However, the absence of recent contracts and the limited number of agency clients raise concerns about the company's current activity and potential for future growth. The company's performance and track record are not well-documented, making it difficult to fully assess its value.
Agency Relationships
VASTEC INC's lack of specific agency clients and recent contracts suggests that it may have a moderate concentration of clients across different agencies. However, the absence of detailed information on agency relationships makes it difficult to assess the level of dependency and potential risks associated with relying on this contractor.
Red Flags
- Lack of recent contracts: VASTEC INC has not won any recent contracts, which may indicate a slowdown in new business.
- No sole-source contracts: The company's focus on competitive bidding may limit its ability to secure new contracts, especially in a competitive market.
- Limited agency concentration: The lack of specific agency clients makes it difficult to assess the level of dependency and potential risks associated with relying on this contractor.
Green Flags
- Strong competitive position: VASTEC INC's focus on competitive bidding and lack of sole-source contracts suggest a strong competitive position in its specialty areas.
- Stable growth trajectory: The company's focus on maintaining existing contracts rather than pursuing new ones indicates a stable business strategy.
- Niche player: VASTEC INC's specialization in specific areas of information technology and cybersecurity suggests a niche player with a focused market position.
Key Contracts
VASTEC INC's most significant contracts are not well-documented, but the company's focus on maintaining existing contracts rather than pursuing new ones suggests a stable business strategy. The lack of recent contracts and the limited number of agency clients raise concerns about the company's current activity and potential for future growth. The company's performance and track record are not well-documented, making it difficult to assess its capabilities, performance, and strategic direction. However, the company's strong competitive position and focus on maintaining existing contracts indicate a stable business strategy.
Frequently Asked Questions
What does VASTEC INC do for the federal government?
VASTEC INC specializes in information technology services, cybersecurity solutions, network infrastructure, data analytics, software development, cloud services, IT consulting, and telecommunications. The company provides mission support and solutions to federal agencies, focusing on maintaining existing contracts rather than pursuing new business.
How much taxpayer money does VASTEC INC receive?
VASTEC INC has a total government contract value of $114.0 million, spanning across 8 contracts with an average size of $1,42,45,061. The company has not won any recent contracts, indicating a potential slowdown in new business. The lack of detailed information on recent contracts makes it difficult to provide a comprehensive financial breakdown.
Is VASTEC INC good value for taxpayer money?
VASTEC INC's focus on competitive bidding and its lack of sole-source contracts suggest that it provides good value to taxpayers. However, the absence of recent contracts and the limited number of agency clients raise concerns about the company's current activity and potential for future growth. The company's performance and track record are not well-documented, making it difficult to fully assess its value.
How does VASTEC INC win its contracts?
VASTEC INC focuses on competitive bidding and has not engaged in any sole-source contracts. The company's strong performance in competitive bidding suggests a solid competitive position in its specialty areas. However, the lack of recent contracts and the limited number of agency clients make it difficult to assess the company's current activity and potential for future growth.
What agencies use VASTEC INC most?
VASTEC INC's lack of specific agency clients and recent contracts makes it difficult to assess the level of dependency and potential risks associated with relying on this contractor. The company's focus on maintaining existing contracts rather than pursuing new ones suggests a stable business strategy, but the absence of detailed information on agency relationships makes it challenging to provide a comprehensive analysis.
What are the risks of relying on VASTEC INC?
The lack of recent contracts and the limited number of agency clients raise concerns about the company's current activity and potential for future growth. The company's performance and track record are not well-documented, making it difficult to fully assess its capabilities, performance, and strategic direction. However, the company's strong competitive position and focus on maintaining existing contracts indicate a stable business strategy.
How does VASTEC INC compare to similar contractors?
VASTEC INC appears to be a niche player in specific areas of information technology and cybersecurity, focusing on maintaining existing contracts rather than pursuing new business. The company's lack of recent contracts and sole-source awards suggests that it may face challenges in securing new business, but its strong performance in competitive bidding indicates a solid competitive position in its specialty areas. When compared to industry peers, VASTEC INC appears to be a smaller player with a focused market position, but lacks the scale and diversity of some larger contractors.
Recent Federal Contracts
Vastec Inc has 2 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| Treasury's $16.7M Digitalization Contract Awarded to VASTEC INC for Tax Retur... | Department of the Treasury | $16.7M | N/A |
| Commerce awards $10.2M for data conversion, with VASTEC Inc. securing a firm-... | Department of Commerce | $10.2M | N/A |