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NAICS Newsletter April 14, 2016

NAICS 561492

Court Reporting and Stenotype Services

Government Contract and Procurement Analysis Report

Report Summary

This report, offered by epipeline, contains a brief analysis of the Federal government's procurement practices with regards to purchasing Court Reporting and Stenotype Services.


You will find information on the top federal government agencies that purchase these services, as well as their procurement strategy (i.e. full and open competition, set-asides and more). Finally, there is a review of the top companies that are awarded federal government contracts for Court Reporting and Stenotype Services.


To get a more comprehensive analysis and learn more about how epipeline can help you identify current and future bid opportunities, register for a live Demo.

This report takes an in-depth look at the 'Court Reporting and Stenotype Services' industry, NAICS 561492. epipeline's Contract History Plus* provides you with a broad context and several perspectives that enable you to develop the best positioning and strategy for your company to more effectively compete for government contracts. The following graph illustrates one such perspective: the top Government departments/agencies buying these services over the last four fiscal years.

Top 10 Federal Agencies by % of Total Market FY12 through FY16 for NAICS 561492

WHAT IS NAICS 561492?

This U.S. industry comprises establishments primarily engaged in providing verbatim reporting and stenotype recording of live legal proceedings and transcribing subsequent recorded materials.

Illustrative Examples:

Court reporting or stenotype recording services

Real-time (i.e., simultaneous) closed captioning of live television performances, meetings, conferences

Public stenography services

Cross References:

Providing stenotype recording of correspondence, reports, and other documents or in providing document transcription services--are classified in Industry 561410, Document Preparation Services; and

Providing film or tape captioning or subtitling services--are classified in U.S. Industry 512191, Teleproduction and Other Postproduction Services.

The size standard associated with NAICS 561492 is $15 million (effective January 1, 2012), which means that a company, including its affiliates, would be considered a "small business" if their average earnings did not exceed $15 million for each of the pay periods for the preceding completed 12 calendar months.

Total reported spending under NAICS 561492 for the period of Fiscal Year 2012 (FY12) through Fiscal Year 2016 (FY16) was $214 million. Current FY16 reported spending is $2.3 million for services under NAICS 561492. The chart below illustrates the reported** spending by year for FY12 through FY16.

Reported Contract Spending for NAICS 561492 FY12 through FY16

Source: epipeline's Contract History Plus*

WHO ISSUES THE CONTRACTS?

The Social Security Administration was the largest procurer of these services for the last five fiscal years (FY12 through FY16) with $127 million in contract spending, comprising over half (59.4%) of the market for NAICS 561492. The Justice Departmentís Offices, Boards, and Divisions took the second spot with $29 million in contract dollars and 13.6% of the market. The Securities and Exchange Commission ($12.6 million) and the Department of Laborís Office of the Assistant Secretary for Administration and Management ($7 million) also bought over $5 million of requirements. The National Labor Relations Board rounded out the top five with $4.7 million in contract spending and 2.2% market share. Veterans Affairs ($3.7 million), the Federal Trade Commission ($3.5 million), the Nuclear Regulatory Committee ($3.4 million), the Internal Revenue Service ($3 million), and the Army ( $2.5 million) all held over 1% market share with 1.8%, 1.6%, 1.6%, 1.4%, and 1.2% market share, respectively. Overall, the top ten agencies dominated almost the entirety, 91.9%, of the market.

Top 10 Federal Agencies by % of Total Market FY12 through FY16 for NAICS 561492

Source: epipeline's Contract History Plus*

WHO WINS THE CONTRACTS?

The two charts below identify the top 10 Companies, by market share, for the period of FY12 through FY16. The first chart represents the top 10 companies that were awarded their contracts under ANY type of competition, whether it was full and open, small business set-aside, sole-sourced, etc. This list primarily consists of large businesses. The second chart, however, lists the top 10 companies that won their contracts under RESTRICTED competition. Specifically, epipeline limited this to those contracts awarded under the acquisition strategies listed below. The contract dollars represented on this second chart may not include all contract dollars for the individual contractor.

  • 8(a) Competed
  • 8(a) Small Disadvantaged (SDB) set-aside
  • 8(a) sole-source
  • SDB set-aside
  • SDB, 8(a) with HUBZone
  • Combination HUBZone and 8(a)
  • HUBZone set-aside
  • HUBZone sole-source
  • Service Disabled Veteran-Owned Small Business (SDVOSB) set-aside
  • SDVOSB sole-source
  • Emerging Small Business set-aside
  • Very Small Business set-aside
  • Reserved for Small Businesses ($2501 to $100,000)
  • Total Small Business set-aside

Diversified Reporting Services earned the top spot on the unrestricted competition list with $17.5 million in contract dollars and 18% market share for FY12 to FY16. Neal R. Gross & Co. took the second spot with $9.2 million in contract spending and 9.5% market share, while Free State Reporting took the third spot with $5.6 million and 5.8% market share. Business Support Services earned over 4% market share with $4.7 million, and For the Record earned over 3% market share with $3.9 million. Gradillas Court Reporters ($2.4 million), National Anesthesia Services ($2.3 million), Karas Enterprises ($2.1 million), Anthony and Associates ($1.9 million), and Ace Federal Reporters ($1.4 million) made up the second half of the top ten with 2.5%, 2.4%, 2.1%, 1.9%, and 1.4% market share, respectively. Together, the top ten companies comprised over half (52.6%) of the market.

PLEASE NOTE: as this is a listing by Company name, rather than PARENT company, some companies may have more than one ranking, which may not be reflected in the chart below.

Top 10 NAICS 561492 Contractors by % of Total Market for FY12 through FY16 - All Acquisition Strategies

Source: epipeline's Contract History Plus*

The combined spending for contracts awarded under "restricted competition," as outlined above, totaled approximately $59 million for FY12 through FY16. Of the top ten restricted competition companies, seven also appear on the top ten unrestricted competition list: Diversified Reporting Services ($16.5 million), Neal R. Gross & Co. ($8.6 million), Free State Reporting ($2.9 million), National Anesthesia Services ($2.5 million), Anthony and Associates ($1.9 million), Ace Federal Reporters ($1.3 million), and Gradillas Court Reporters ($1.1 million). Behmke Reporting Services also posted over $1 million in contract dollars with $1.2 million and 2.1% market share. Ben Hyatt Corporation ($916,000) and Summit Court Reporting ($897,604) rounded out the top ten restricted competition businesses with 1.56% and 1.53% market share.

PLEASE NOTE: as this is a listing by Company name, rather than PARENT company, some companies may have more than one ranking, which may not reflected in the chart below.

Top 10 NAICS 561492 Contractors by % of Total Market for FY12 through FY16 - Restricted Competition

Source: epipeline's Contract History Plus*

HOW ARE THESE CONTRACTS PROCURED?

71.98% of contract spending reported for the FY12 through FY16 timeframe under NAICS 561492 used full and open (unrestricted, aka "N/A") competition; this equated to $154 million in contract dollars. Small businesses were the second largest sector, taking $50 million in contract dollars and 23.3% of the market. Requirements set aside for HUBZone companies accounted for 2.6% of the market and $5.5 million in spending, while requirements sole-sourced to 8(a) companies took 1.4% of the market with $3 million contract dollars. Only .5% of requirements reported no clear set aside.

Acquisition Breakout under NAICS 561492 for FY12 through FY16

Source: epipeline's Contract History Plus*

WHERE ARE THESE CONTRACTS PERFORMED?

These contracts are being performed across the United States with a reported spending for the FY12 through FY16 period of $150 million.

Washington, D.C. had the highest total reported contract spending with $23.2 million, or 10.9% market share. California came in second with $19.7 million in contract dollars and 9.2% market share, while Maryland took the third spot with $10.4 million in spending and 4.9% market share. Texas ($9.9 million) and Pennsylvania ($9 million) also saw over 4% market share with 4.6% and 4.2%, respectively. Michigan ($8 million), Florida ($7.5 million), Illinois ($6.8 million), and New York ($6.6 million) saw over 3% market share with 3.7%, 3.5%, 3.2%, and 3.1%. Ohio rounded out the top ten with 2.8% market share and $6.1 million in contract dollars. Together, these ten states represented just over half (50.1%) of the market. However, 9.7% of requirements under NAICS 561492 did not report a specific location.

Contract Place of Performance under NAICS 561492 for FY12 through January 2011

Source: epipeline's Contract History Plus*

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