Restler returns to FY24-FY25 decline in prime contract value

I did just, before we went down this rabbit hole, which I really did enjoy and found insightful, I just want to come back to the initial question I was asking you, Chief, which is, in FY20,

According to the local law 174 metrics, about 17% of contract value went to MWBEs.

And then in FY25, we were at half that number, just over 8%.

Could you help us understand why did we see that significant decline year over year?

I would need to follow up.

And once again, I believe that we are now better equipped to capture the prime and the sub.

I can tell you and give you.

I'm just referring to primes.

Yes.

Yes, because I don't have the sub data.

Yes, I can tell you that we've been working internally in order to maximize prime contract opportunities.

For example, we worked with SBS and with DCAS on a arm-on-arm security guard contract.

That was the first time that that contract had been issued, the RFP.

We were zealous of breaking down the contract, disaggregating it, as opposed to having one larger contract.

We now have four.

We had a series of meetings and invited MWBE firms to DCAS.

I'm proud to announce that we've awarded a $400 million contract to an Hispanic-owned firm, almost one of the largest contracts in the history ever awarded to Hispanic-owned firms.

The name of the firm is Intercom Security Systems.

They have a major prime contract.

So we're focusing on...

on creating opportunities for our MWBEs at the prime level.

That's helpful.

We would like to get some clarity on what happened from 24 to 25 and why we saw that reduction.

So if that's not something you're prepared to speak to today, we would definitely appreciate a follow-up there.