Mega Contracts Monitor ($100M+) — May 06, 2026

$188,297,215 cost-plus incentive fee contract for Calexico West Land Port of Entry, with $143M (76%) outlayed since 2019 award, signaling strong execution through June 2026.

$220M cost-plus-fixed-fee contract for NASA Balloon Facility operations, with $89.9M (41%) outlayed over 10 years, providing ~$21.5M annual revenue through April 2025.

Only $38M (19%) outlayed on Vendor Resource Management's $200M VA real estate contract and $16M (13%) on Favor TechConsulting's $128M IT delivery order, raising execution concerns ahead of 2025-2026 ends.

Favor TechConsulting, LLC's $128M firm fixed price VA IT contract has high pricing risk with only $16.5M outlayed (13%) and $32M in subawards, potentially pressuring margins through 2026.

Vendor Resource Management, Inc.'s $200M fixed price incentive VA contract shows medium risk with just $38M outlayed toward $374M ceiling, vulnerable to VA budget constraints before 2025-09-30.

Peraton Inc.'s $220M NASA contract nears end (2025-04-30) with $130M remaining obligation, risking revenue cliff absent follow-on.

Hensel Phelps Construction Co. $188M GSA project nears completion (June 2026) with $45M remaining, positioning for infrastructure follow-ons.

VA options on Vendor Resource Management, Inc. ($200M current, $374M ceiling) and Favor TechConsulting, LLC ($128M current, $186M ceiling) could drive upside through 2027.

Peraton Inc. NASA Balloon Facility contract ending 2025-04-30 offers re-compete or follow-on potential for GOCO R&D operations.

VA awarded $328M across Vendor Resource Management, Inc. ($200M residential property management) and Favor TechConsulting, LLC ($128M IT application development), though low outlays signal caution.

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

{"entity"=>"Hensel Phelps Construction Co.", "reason"=>"$143M outlayed on $188M GSA contract with $45M remaining toward June 2026 end.", "trigger"=>"outlay progress, June 30, 2026 end date"}

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

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

{"entity"=>"Favor TechConsulting, LLC", "reason"=>"$16M outlayed and $32M subawards on $128M VA IT order.", "trigger"=>"outlay acceleration, 2026-09-29 end"}