AGM Marine Contractors Inc.

AGM Marine Contractors Inc., a small business general contractor based in New Bedford, Massachusetts, delivers maintenance dredging, marine infrastructure repair, and waterfront bulkhead replacement to federal agencies as a prime contractor competing under total small business set-asides and full-and-open procurements. The company is a for-profit Subchapter S corporation specializing in heavy civil engineering construction under NAICS 237990 (Other Heavy and Civil Engineering Construction), with a federal contracting footprint spanning more than three decades and recent annual volume concentrated in 2025.

AGM's customer base clusters around maritime infrastructure owners. The Department of Homeland Security US Coast Guard leads by award count (23 awards, $6.4 million combined potential value), followed by the Department of the Army Corps of Engineers divisions (23 awards across entities, $414.5 million combined potential value dominated by a single $400 million indefinite delivery contract). The Army Corps of Engineers and Coast Guard together account for approximately 68% of recent awards. The potential-value ranking shifts dramatically toward the Army: a $400 million single-award IDC with the Corps of Engineers Civil Works program anchors 99% of combined potential value, while the Coast Guard's 23 awards represent modest individual ceiling values ($1.17 million to $3.19 million per definitive contract). AGM holds a single-award indefinite delivery contract (HSCGG106D3WK149) with the Coast Guard carrying a ceiling of roughly $400 million, with 14 task orders generating $3.6 million in combined potential value to date, and also holds an indefinite delivery contract with the Army Corps of Engineers Jacksonville District valued up to $400 million for South Atlantic Division maintenance dredging services through July 2030.

Recent prime work exemplifies the portfolio. AGM executed a $2.147 million firm fixed-price definitive contract with the Army Corps of Engineers New England District for maintenance dredging of Wareham Harbor (52,000 cubic yards, awarded February 2026, completion December 2026, total small business set-aside). The firm was awarded a $3.19 million definitive contract by the Coast Guard for repair and demolition of Aids to Navigation structures at Woods Hole and Falmouth, Massachusetts (awarded August 2025, completion December 2026, total small business set-aside). AGM also holds a $6.48 million definitive contract with the Army Corps of Engineers New England District for west bulkhead replacement at the East Boat Basin of Cape Cod Canal in Sandwich, Massachusetts (awarded September 2024, completion April 2026, no set-aside designation).

Activity has grown sharply in recent years — five awards in 2025 versus one each in 2023 and 2024 — though the 2026 count reflects a single award to date. Three awards (combined potential value $6.5 million) complete within the next twenty-four months, creating near-term recompete exposure. Combined obligated dollars across all awards total $34.8 million against $428.5 million in combined potential value, reflecting the prevalence of indefinite delivery vehicles and unexercised ceiling on the two large Corps and Coast Guard IDCs. AGM competes predominantly under total small business set-asides on definitive contracts but also wins full-and-open procurements and holds positions on federal indefinite delivery vehicles serving regional maritime infrastructure maintenance demands across the Northeast and Southeast.

Heavy marine construction and dredging contractor. Dump scow and barge rentals