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NAICS Code· 523910

NAICS 523910: Miscellaneous Intermediation

This industry comprises establishments primarily engaged in acting as principals (except investment bankers, securities dealers, and commodity contracts dealers) in buying or selling financial contracts generally on a spread basis. Principals are investors that buy or sell for their own account. Illustrative Examples: Investment clubs Tax liens dealing (i.e., acting as a principal in dealing tax liens to investors) Venture capital companies Mineral royalties or leases dealing (i.e., acting as a principal in dealing royalties or leases to investors) Cross-References. Establishments primarily engaged in--Show more

NAICS 523910 – Miscellaneous Intermediation covers specialized financial and business intermediation services that facilitate transactions, manage operational workflows, or enable access to capital and resources without directly providing traditional banking or insurance products. In the federal contracting landscape, this code often encompasses niche support functions such as payment processing systems, timekeeping and payroll intermediation platforms, contractor compliance monitoring, and third-party administrative services that bridge government agencies and external vendors.

5
Active Contracts
$4.0M
Total Obligations (12mo)
81
Awarded Contracts (12mo)
18
Contractors Awarded (12mo)
1
Median Bidders per Award
-84.7%
YoY Growth

Industry Spending Overview

Federal obligations, top contractors and agencies, and related industry codes for NAICS 523910.

AI Industry Description

NAICS 523910 – Miscellaneous Intermediation covers specialized financial and business intermediation services that facilitate transactions, manage operational workflows, or enable access to capital and resources without directly providing traditional banking or insurance products. In the federal con...

NAICS 523910 – Miscellaneous Intermediation covers specialized financial and business intermediation services that facilitate transactions, manage operational workflows, or enable access to capital and resources without directly providing traditional banking or insurance products. In the federal contracting landscape, this code often encompasses niche support functions such as payment processing systems, timekeeping and payroll intermediation platforms, contractor compliance monitoring, and third-party administrative services that bridge government agencies and external vendors. These services are critical to ensuring regulatory adherence, streamlining procurement workflows, and maintaining audit readiness across complex federal operations, particularly where automated systems replace manual reconciliation or manual vendor management. Top contractors in this sector include ONEIDA BUSINESS ENTERPRISES, INC., TIMEKEEPING SYSTEMS, INC., and ALTITUDE TECHNOLOGIES INC., all of which are small businesses delivering specialized software-enabled intermediation solutions. These firms typically operate as niche providers of compliance-driven automation tools, often serving as subcontractors to larger primes or directly supporting agency mission systems through agile, low-code platforms designed for federal compliance frameworks. The Department of State is the primary buyer in this category, leveraging these intermediation services to manage international payroll, contractor oversight, and cross-border financial coordination for diplomatic missions and foreign aid programs. Demand is driven by the need for secure, auditable, and scalable administrative infrastructure that supports global operations while meeting strict federal financial controls. The competitive landscape is characterized by low barriers to entry for specialized software vendors with domain expertise in federal compliance, resulting in a fragmented but high-opportunity market. Contractors with proven capabilities in automated timekeeping, vendor payment orchestration, and audit trail generation are well-positioned to capture recurring contracts. Trends indicate growing demand for cloud-native, FedRAMP-aligned intermediation platforms that integrate seamlessly with existing financial management systems like SAP or Oracle Federal Financials.

Small Business Size Standard

The SBA threshold that decides who can bid NAICS 523910 work as a small business.

$47.0M
Applies to the whole industry code

The SBA cap for this NAICS (13 CFR 121.201). A business at or under it can self-certify as small for work in this code, which is what makes it eligible for a small-business set-aside. The cap is set per NAICS, so the same company can be small in one code and not in another.

13 CFR 121.201, effective January 1, 2026. The SBA revises the table roughly once a year.

Top Contractors

Companies with the highest total award value under NAICS 523910, ranked by dollars won.

Top Agencies

Federal agencies directing the most contract spending toward NAICS 523910.

Competition

How many companies historically bid on federal awards in NAICS 523910, from bidder counts reported on USAspending.

Usually Single-Bid

Half or more of reported awards drew exactly one bidder, usually a sign of incumbent-held work rather than an open field. · 25,386 reported awards

Median Bidders

1

Per reported award, all-time

Single-Bid Awards

78%

Share of reported awards with one bidder

10+ Bidder Awards

0%

Share of reported awards with 10+ bidders

Reported Awards

25,386

96% of 26,539 total awards

Bidder Count Distribution by Fiscal Year

Share of reported awards in each bidder-count bracket per federal fiscal year.

How this code compares up the NAICS hierarchy. Parent cohorts pool every code under their prefix, so they are the steadier baseline when a 6-digit sample is thin.

Industry FamilyCompetitionMedian BiddersSingle-BidBidder MixReported Awards
523910This Code
Miscellaneous Intermediation
Usually Single-Bid178%
25,38696% of 26,539
52391NAICS Industry
Usually Single-Bid178%
25,38696% of 26,539
5239Industry Group
Other Financial Investment Activities
Usually Single-Bid177%
28,44395% of 30,049
523Subsector
Usually Single-Bid176%
29,55095% of 31,253
52Sector
Finance and Insurance
Usually Single-Bid171%
55,86385% of 65,585

Bidder counts reported on past federal awards in this NAICS (USAspending). An open opportunity has no bidders yet, so this is the historical norm for similar work, not a fact about this solicitation. Not all awards report bidder counts, and fewer bidders often means incumbent-held work rather than an easier win. Federal reporting of bidder counts fell from ~96% of awards (FY2016) to ~30% (FY2018 onward); the chart shows shares of reported awards, and washed-out stretches mark years with fewer than 30 of them.

Related NAICS Codes

Industries similar to Miscellaneous Intermediation, by shared sector, subsector, and industry group.

Explore contracts across multiple NAICS codes Browse all NAICS Codes

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NAICS 523910 FAQ

Frequently Asked Questions

NAICS code 523910 covers Miscellaneous Intermediation. This industry comprises establishments primarily engaged in acting as principals (except investment bankers, securities dealers, and commodity contracts dealers) in buying or selling financial contracts generally on a spread basis. Principals are investors that buy or sell for their own account. Illustrative Examples: Investment clubs Tax liens dealing (i.e., acting as a principal in dealing tax liens to investors) Venture capital companies Mineral royalties or leases dealing (i.e., acting as a principal in dealing royalties or leases to investors) Cross-References. Establishments primarily engaged in--

Recently Posted in Miscellaneous Intermediation

NAICS: 523910
Closed
Federal
MRL Environmental Mitigation Bank Credits - Bottomland Hardwood, CEMVN
Solicitation # W912P826RA035
The U.S. Army Corps of Engineers New Orleans District is soliciting quotes under solicitation W912P826RA035 for the purchase of Bottomland Hardwood (BLH) Wet mitigation bank credits. These credits are required to compensate for habitat losses associated with three Mississippi River Levee projects: the Blackhawk Levee Slide Repair, Old River Seepage Berm, and Upper 5th LA Levee District Levee Enlargement. The government seeks a minimum of 13.09 average annual habitat units (AAHUs) located within the Red River Basin (HUC 08040301). Only restoration credits are eligible for purchase, and they must be assessed using version 1.2 of the BLH-Wet Wetland Value Assessment Community Model. This is a firm-fixed-price contract awarded using the lowest price technically acceptable (LPTA) process. To be considered technically acceptable, offerors must be registered in SAM under NAICS code 523910 and provide a completed SF 1449, a bid schedule, a bank location map, a signed Mitigation Purchase Agreement, a current RIBITS ledger, and proof of a recorded perpetual conservation servitude or easement. All credit sales must be in 1/10th acre increments, and partial proposals for fewer than 13.09 AAHUs are permitted. Following the award, the contractor must provide a signed credit release letter and the fully executed purchase agreement within 10 calendar days. The original submission deadline of September 15, 2026, was extended via Amendment 0001 to September 18, 2026, at 11:00 AM local time.
W07V Endist New Orleans

POSTED

28 days ago

CLOSED

25 days ago
View Details

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