New Federal Contractors — May 06, 2026

Hensel Phelps' $188,297,215 cost-plus incentive fee contract for Calexico West Land Port of Entry Phase 2A shows strong execution with $143,019,223 (76%) outlayed since 2019 award, signaling reliable revenue through June 2026.

$89.9M (41%) outlayed on Peraton's 10-year $220,065,714 cost-plus-fixed-fee NASA contract ending April 2025, with $130M remaining potentially driving near-term revenue acceleration.

Only $38.4M outlayed on $200.6M VA fixed-price incentive contract for residential property management, with $374M ceiling unexercised, indicating execution delays through 2025-2027.

Favor Techconsulting LLC's $128M VA IT delivery order shows only $16.5M outlayed (13%) with $32M in subawards, high firm fixed-price risk through 2026 amid unexercised $186M options.

Vendor Resource Management Inc.'s $200M VA contract has minimal $38M outlays versus $374M ceiling, exposed to civilian agency CR uncertainty given partial execution since 2017.

Hensel Phelps Construction Co. $188M GSA contract with $45M remaining offers near-term outlay upside through June 2026 potential extension.

Peraton Inc. $220M NASA contract ending April 2025 positions for follow-on awards in GOCO R&D balloon facility operations.

VA awarded $200M to Vendor Resource Management Inc. for property management and $128M to Favor Techconsulting LLC for IT application support, both with long-term periods to 2026-2027 but low outlays ($38M and $16M).

Hensel Phelps' $188M cost-plus contract for Calexico port expansion shows 76% execution ($143M outlayed), underscoring steady GSA construction spending.

{"entity"=>"Hensel Phelps Construction Co.", "reason"=>"$143M outlayed on $188M GSA contract with $45M remaining through mid-2026.", "trigger"=>"outlay progress, June 30, 2026 end date or July 31, 2026 extension"}

{"entity"=>"Peraton Inc.", "reason"=>"$220M NASA contract with $130M obligation remaining, ending April 2025.", "trigger"=>"outlay toward remaining balance, April 30, 2025 contract end and follow-on potential"}

{"entity"=>"Department of Veterans Affairs", "reason"=>"Two contracts ($200M Vendor Resource Management, $128M Favor Techconsulting) with low outlays ($38M and $16M).", "trigger"=>"option exercises, 2025-09-30/2026-09-29 end dates"}