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Path: Consulting Services arrow Report & Digest arrow GCA Digest Articles arrow GCA Digest 2007 arrow Grant thorton survey - Company Profile

Grant thorton survey - Company Profile
(Editor’s Note. With the cessation of the Wind2 survey we summarized each year we were very happy to find Grant Thorton’s “12th Annual Government Contractor Industry
Survey 2006.” It benchmarked primarily similar professional services firms that Wind2 followed but offers, in our opinion, even more relevant information. Grant Thornton – you know the firm whose advertisement says they have a “passion for accounting” – provides consulting services to government contractors. You can contact the firm at 703-847-7515 to purchase a copy of the survey.)
 

83% of the “over 100” surveyed firms are privately owned, 12% are publicly traded and 5% are not-forprofit concerns. 56% are small businesses while 44% are large. 17% are minority-owned while 12% are women owned. More than 92% of respondents are service companies while 8% sell products. The services companies consisted of engineering (23%), information technology (20%), support services (17%), consulting (15%) research (15%) and training (2%). The primary customer of the respondents is the federal government where 88% of the revenue comes from the federal government. 56% of their revenue came from the Defense Department, 32% from other federal agencies while 6% came from state and local government and 6% was commercial. 53% of respondents had increased revenue over the prior year, 25% had no significant change while 22% had reductions. 13.6% of total headcount represented indirect labor with the following breakdown of functions: finance and accounting (2.5%), human resources (1.4%), IT support (2.4%), contract administration (1.3%), legal (.8%), pricing (.5%), procurement (.9%), sales and marketing (1.9%), corporate officers (1.3%) and office maintenance (.8%).
 

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