High-Value Federal Grants ($5M+) — May 06, 2026

Hensel Phelps Construction Co. has $143,019,223 outlayed on its $188,297,215 cost-plus incentive fee contract for Calexico West Land Port Phase 2A, representing strong execution since 2019 award under full and open competition.

Peraton Inc. has outlayed $89.9M (41%) on its $220M cost-plus-fixed-fee NASA Goddard contract for balloon facility operations, ending April 2025, positioning for potential follow-ons.

Vendor Resource Management's $200M VA real estate contract and Favor Techconsulting's $128M VA IT delivery order show minimal progress (19% and 13% outlayed), raising revenue recognition delays under fixed-price incentive and firm-fixed-price structures.

Vendor Resource Management's $200M VA contract has only $38M outlayed since 2017, with fixed-price incentive exposing margins if performance lags toward 2025-2027 end dates.

Favor Techconsulting's $128M VA IT delivery order shows $16M outlayed under firm-fixed-price, with high pricing risk and subawards at $32M amid conflicting small business designations.

Peraton's $220M NASA contract ends April 2025 with $130M remaining obligation, vulnerable to non-exercise or re-compete without follow-on visibility.

Hensel Phelps Construction Co. positioned for $45M remaining outlays on $188M GSA contract through June 2026, with potential extension to July 2026.

VA's $328M split across Vendor Resource Management real estate ($200M) and Favor Techconsulting IT ($128M) offers upside if options exercised to $374M and $186M ceilings.

Peraton Inc. could pursue NASA follow-ons post-2025 end of $220M balloon facility contract, leveraging 10-year track record and $71M subawards.

Department of Veterans Affairs awarded $200M to Vendor Resource Management for residential property management and $128M to Favor Techconsulting for IT application development, totaling $328M with low outlays signaling ramp potential.

Hensel Phelps Construction Co.'s $188M cost-plus contract for Calexico Land Port expansion shows 76% execution, underscoring steady federal construction spend.

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{"entity"=>"Peraton Inc.", "reason"=>"$89.9M outlayed on $220M NASA contract ending 2025-04-30", "trigger"=>"progress to $130M remaining, follow-on awards"}

{"entity"=>"Vendor Resource Management, Inc.", "reason"=>"Only $38M outlayed on $200M VA contract with options to $374M", "trigger"=>"option exercises, 2025-09-30 end date"}

{"entity"=>"Favor Techconsulting, LLC", "reason"=>"$16M outlayed on $128M VA IT order with options to $186M", "trigger"=>"outlay acceleration, 2026-09-29 end date"}