About the Fast 50
By
Nick Wakeman
We compile the annual Fast 50 rankings through a process of nominations and data analysis.
We put out a call for nominations, and companies submit five years of government contracting revenue, which is used to determine a five-year compound annual growth rate. The companies are then ranked by that rate, not by overall revenue.
That’s why you might see a company with lower revenue ranked higher than a larger company. The revenue data covers companies’ prime and subcontracting work in the federal, state and local markets.
As part of their submissions, companies supply an accountant’s certification for their revenue or other supporting documents such as tax returns.
To be considered, companies must be a small business according to one of the myriad small-business categories the government uses. Many of the companies on this year’s list are either 8(a) or veteran-owned.
Go to WashingtonTechnology.com for more information on the Fast 50, including company leadership, lines of business and other details.