Forfeiture Support Associates LLC — Federal Contractor Profile
FSA: A $1.67B Contractor in Federal Asset Forfeiture and Law Enforcement Support
Contractor Overview
Total Contract Value: $1,666,849,431 ($1.7B)
Total Awards: 138
Company Profile
FORFEITURE SUPPORT ASSOCIATES LLC (FSA) is a significant federal contractor with a substantial portfolio of government contracts totaling $1.67 billion. The company has demonstrated a broad range of capabilities, primarily in support of law enforcement and asset forfeiture activities. FSA has not won any new contracts recently, indicating a stable or potentially contracting business environment. The company's contract patterns suggest a focus on long-term relationships with a few key agencies, which could pose dependency risks. FSA's performance history and track record are not well-documented, but the company's size and contract values suggest a robust presence in the federal contracting market. Comparatively, FSA appears to be a niche player in specialized areas, leveraging its expertise in asset forfeiture and law enforcement support to maintain a steady stream of contracts.
Specializations
- Asset Forfeiture
- Law Enforcement Support
- Investigative Services
- Financial Analysis
- Intelligence Gathering
- Cybersecurity
- Training and Education
- Technical Support
- Project Management
- Compliance and Reporting
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 0% competitive, 0% sole-source
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 100%
Competitive Position
FSA operates as a niche player in specialized areas of asset forfeiture and law enforcement support. The company's focus on long-term contracts and its ability to maintain relationships with key agencies suggest a strong market position. However, the absence of competitive wins and the lack of detailed performance data make it challenging to assess FSA's competitive edge comprehensively.
Value to Taxpayers
FSA's contracts, while substantial, do not provide a clear picture of value for taxpayers. The company's sole-source contracts and lack of competitive bidding suggest a potential for higher costs. However, the specialized nature of FSA's services, such as asset forfeiture and law enforcement support, may justify the higher contract values, especially if the services are critical to government operations.
Agency Relationships
FSA's contracts are spread across multiple agencies, but there is no clear indication of which agencies rely most on the company. The moderate agency concentration suggests a balanced portfolio, but the lack of detailed information on specific agencies' dependencies could indicate a risk of over-reliance on a few key relationships.
Red Flags
- No competitive bids: FSA has not won any new contracts through competitive bidding, which could indicate a lack of competition and potential for higher costs.
- Sole-source contracts: The absence of sole-source contracts suggests that FSA is not leveraging its niche expertise to secure contracts through this method.
- Lack of performance data: The company's performance history is not well-documented, which could raise concerns about the quality of its services.
- No recent contracts: The absence of recent contracts could indicate a potential decline in business or challenges in securing new contracts.
Green Flags
- Long-term contracts: FSA's focus on recompete/renewal contracts suggests a stable business environment and strong relationships with key agencies.
- Diverse portfolio: The company's contracts are spread across multiple agencies, indicating a diversified client base.
- Specialized expertise: FSA's focus on asset forfeiture and law enforcement support suggests a unique set of skills that may be critical to government operations.
Key Contracts
FSA's most significant contracts are primarily in the areas of asset forfeiture and law enforcement support. These contracts, while substantial, do not provide detailed information on the specific services provided or the performance outcomes. The company's track record in these areas suggests a strong focus on maintaining long-term relationships with key agencies. However, the lack of detailed performance data makes it challenging to assess the effectiveness of FSA's services. The company's ability to secure recompete/renewal contracts indicates a stable business environment, but the absence of competitive bids and the lack of detailed performance data raise concerns about the value for taxpayers.
Frequently Asked Questions
What does FORFEITURE SUPPORT ASSOCIATES LLC do for the federal government?
FSA provides specialized support in asset forfeiture and law enforcement, including investigative services, financial analysis, and technical support. The company's services are critical for maintaining the integrity of law enforcement operations and ensuring the proper handling of seized assets.
How much taxpayer money does FORFEITURE SUPPORT ASSOCIATES LLC receive?
FSA has received a total of $1.67 billion in government contracts, with an average contract size of $12,078,619. The company has not won any new contracts recently, indicating a stable or potentially contracting business environment.
Is FORFEITURE SUPPORT ASSOCIATES LLC good value for taxpayer money?
FSA's contracts, while substantial, do not provide a clear picture of value for taxpayers. The company's sole-source contracts and lack of competitive bidding suggest a potential for higher costs. However, the specialized nature of FSA's services, such as asset forfeiture and law enforcement support, may justify the higher contract values, especially if the services are critical to government operations.
How does FORFEITURE SUPPORT ASSOCIATES LLC win its contracts?
FSA has not won any new contracts through competitive bidding, indicating a reliance on sole-source contracts. The company's focus on long-term relationships with key agencies suggests a strong market position, but the lack of competitive bids raises concerns about the level of competition and potential for higher costs.
What agencies use FORFEITURE SUPPORT ASSOCIATES LLC most?
FSA's contracts are spread across multiple agencies, but there is no clear indication of which agencies rely most on the company. The moderate agency concentration suggests a balanced portfolio, but the lack of detailed information on specific agencies' dependencies could indicate a risk of over-reliance on a few key relationships.
What are the risks of relying on FORFEITURE SUPPORT ASSOCIATES LLC?
The absence of competitive bids and the lack of detailed performance data raise concerns about the value for taxpayers. The company's focus on long-term contracts and its ability to maintain relationships with key agencies suggest a strong market position, but the lack of competitive bids and detailed performance data make it challenging to assess the effectiveness of FSA's services.
How does FORFEITURE SUPPORT ASSOCIATES LLC compare to similar contractors?
FSA operates as a niche player in specialized areas of asset forfeiture and law enforcement support. The company's focus on long-term contracts and its ability to maintain relationships with key agencies suggest a strong market position. However, the absence of competitive wins and the lack of detailed performance data make it challenging to assess FSA's competitive edge comprehensively.
Recent Federal Contracts
Forfeiture Support Associates LLC has over 25 federal contracts on record. Below are the largest awards: