Government Contractor Signals

Equity Research

You see the revenue before quarterly reports

Analysts model municipal revenue top-down from budget allocations. I read it bottom-up from the actual payment records, 2,500+ municipalities, every day. When a municipality pays AECOM for engineering services, that transaction appears in the check register weeks before it appears in quarterly revenue.

Housing and construction signal

Waste Management (WM): Entity Resolution Across 111 Municipalities

1,099 sightings across 28 states. Contract extensions, competitive displacement, recurring payments, and regulatory signals for a single ticker, extracted from public meeting minutes and check registers.

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128 Public tickers
43K+ Permits
2,500+ Municipalities
3-6 mo Lead time

Two signal layers

Check registers and AP data. Who's getting paid now. Direct vendor payments from municipal governments, entity-resolved to public tickers with amounts, dates, and categories. If a town is paying a company, that's revenue.

Building permits. Who's about to get paid. 43,000+ structured permit records showing which contractors are winning work and where construction is accelerating. Permits lead earnings by 3-6 months. The combination surfaces revenue acceleration and deceleration signals that top-down models miss.

Fundamental L/S equity Primary-source revenue signals for industrials, infrastructure, and govtech coverage.
Quantitative funds Non-consensus revenue signals from public payment records, structured for systematic strategies.
Sector specialists Government contractor exposure tracked at the transaction level across 2,500+ municipalities.
Alt data buyers A municipal vendor payment dataset with no survey bias, no credit card proxy, no web scraping.

Sample contractor signals

50 entity-resolved signals showing vendor names, tickers, document types, and context.

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Infrastructure Equity Signals

One-pager with real examples from the current pipeline.

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See what your tickers look like in municipal data

Tell me which tickers or sectors you cover and I'll show you what the payment records reveal.

Book a 15-minute data review or matt@municipalalpha.com