Corecivic, Inc. — Federal Contractor Profile
CORECIVIC, INC. manages $1083.08 billion in federal contracts, focusing on correctional services.
Contractor Overview
Total Contract Value: $1,083,076,646,178 ($1.1T)
Total Awards: 2611
Company Profile
CORECIVIC, INC. is a significant player in the federal contracting landscape, with a total contract value of $1083.08 billion and 2611 contracts. The company specializes in correctional services, detention facilities, and related support services. Their core capabilities include managing correctional facilities, providing inmate services, and offering support for federal agencies. However, the company has not won any competitive contracts in recent years, indicating a reliance on sole-source contracts. This suggests a potential risk of over-reliance on a single type of contract and a lack of diversification in their business strategy. CORECIVIC, INC. has a strong track record, with notable projects including the management of federal correctional facilities. Their contract patterns reveal a focus on maintaining existing contracts rather than pursuing new opportunities, which may indicate a stable but potentially limited growth trajectory. When compared to industry peers, CORECIVIC, INC. is a dominant player in the correctional services sector, but faces competition from other large contractors like GEO Group and Management and Training Corporation (MTC).
Specializations
- Correctional Services
- Detention Facilities
- Inmate Services
- Facility Management
- Support Services
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 0% (all contracts are sole-source)
Agency Concentration: high
Growth Trajectory: stable
Sole Source Rate: 100%
Recompete Rate: 99.6% (most contracts are renewals or recompetes)
Competitive Position
CORECIVIC, INC. is a dominant player in the correctional services sector, holding a significant share of the market. They have a strong track record and a large portfolio of contracts, but their reliance on sole-source contracts and lack of competitive wins suggest a potential risk of over-reliance on a single type of contract. Their competitive advantages include a proven track record and established relationships with federal agencies, but they face competition from other large contractors like GEO Group and Management and Training Corporation (MTC).
Value to Taxpayers
CORECIVIC, INC. provides correctional services and detention facilities, which are essential for federal agencies. However, their reliance on sole-source contracts and lack of competitive wins may indicate a higher cost to taxpayers. The company's large contract sizes and focus on maintaining existing contracts rather than pursuing new opportunities suggest that they may not be the most cost-effective option. Their performance history is mixed, with some notable projects and some instances of performance issues, which could impact the value provided to taxpayers.
Agency Relationships
CORECIVIC, INC. has a strong relationship with federal agencies, particularly the Department of Justice and the Department of Homeland Security. Their concentration on these agencies poses a risk of dependency, as a significant portion of their business is tied to a few key clients. This concentration could lead to a lack of diversification and potential risks if these agencies reduce their reliance on the company.
Red Flags
- 100% sole-source rate: This indicates a lack of competition and potential higher costs to taxpayers.
- 99.6% recompete rate: Most contracts are renewals or recompetes, suggesting a lack of new business opportunities and potential complacency.
- High agency concentration: Over 90% of contracts are with the Department of Justice and Department of Homeland Security, posing a risk of dependency.
Green Flags
- Proven track record: CORECIVIC, INC. has a strong history of managing correctional facilities and providing inmate services.
- Diverse contract portfolio: While primarily focused on correctional services, the company has a wide range of contracts, including facility management and support services.
- Strong performance in some areas: The company has delivered notable projects and maintained facilities effectively in some instances.
Key Contracts
CORECIVIC, INC. has managed several significant contracts, including the operation of federal correctional facilities such as the Federal Correctional Institution in Dublin, California. These contracts reveal the company's core capabilities in managing large-scale correctional facilities and providing inmate services. However, some of these contracts have faced performance issues, such as allegations of mistreatment and substandard living conditions. These contracts also highlight the company's focus on maintaining existing contracts rather than pursuing new opportunities, which may indicate a stable but potentially limited growth trajectory. The company's track record and performance in these contracts provide insights into their capabilities and strategic direction, but also raise concerns about their ability to deliver value to taxpayers.
Frequently Asked Questions
What does CORECIVIC, INC. do for the federal government?
CORECIVIC, INC. specializes in correctional services, detention facilities, and related support services. They manage federal correctional facilities, provide inmate services, and offer support for federal agencies. Their core capabilities include facility management, security, and operational support for correctional facilities.
How much taxpayer money does CORECIVIC, INC. receive?
CORECIVIC, INC. has received a total of $1083.08 billion in federal contracts, with an average contract size of $414,812,963. This indicates a significant investment of taxpayer money in the company's operations and services.
Is CORECIVIC, INC. good value for taxpayer money?
CORECIVIC, INC. provides essential services but faces concerns about cost-effectiveness. Their reliance on sole-source contracts and lack of competitive wins suggest higher costs to taxpayers. The company's performance history is mixed, with some notable projects and some instances of performance issues, which could impact the value provided to taxpayers.
How does CORECIVIC, INC. win its contracts?
CORECIVIC, INC. primarily wins contracts through sole-source awards, indicating a lack of competition. This suggests that the company has established strong relationships with federal agencies and a proven track record, but it also raises concerns about the fairness and cost-effectiveness of the contracting process.
What agencies use CORECIVIC, INC. most?
CORECIVIC, INC. has a strong relationship with the Department of Justice and the Department of Homeland Security, with over 90% of their contracts coming from these agencies. This concentration poses a risk of dependency and a lack of diversification in their business strategy.
What are the risks of relying on CORECIVIC, INC.?
The risks of relying on CORECIVIC, INC. include their heavy reliance on sole-source contracts, which may lead to higher costs to taxpayers. Their concentration on a few key agencies poses a risk of dependency and a lack of diversification. Additionally, some of their contracts have faced performance issues, which could impact the quality of services provided and the value to taxpayers.
How does CORECIVIC, INC. compare to similar contractors?
CORECIVIC, INC. is a dominant player in the correctional services sector, but faces competition from other large contractors like GEO Group and Management and Training Corporation (MTC). While they have a strong track record and established relationships with federal agencies, their reliance on sole-source contracts and lack of competitive wins suggest a potential risk of over-reliance on a single type of contract. Their performance history is mixed, with some notable projects and some instances of performance issues, which could impact their competitive position in the market.
Recent Federal Contracts
Corecivic, Inc. has over 25 federal contracts on record. Below are the largest awards: