Performant Recovery, Inc. — Federal Contractor Profile
Performant Recovery Secures $248 Million in Government Contracts for Debt Recovery
Contractor Overview
Total Contract Value: $3,353,420,331 ($3.4B)
Total Awards: 27
Company Profile
PERFORMANT RECOVERY, INC. is a federal contractor with a significant, albeit concentrated, presence in government spending, primarily focused on debt collection and revenue recovery services. Their core capabilities lie in identifying, pursuing, and recovering delinquent debts owed to various government entities. This specialization positions them as a critical partner for agencies seeking to improve their financial health and recoup funds lost to non-payment. The company's government business, totaling $248.4 million across two contracts, indicates a focus on large-scale recovery operations rather than a broad portfolio of services. The absence of specific agency clients listed in the provided data makes it difficult to ascertain their primary government partners, but their specialization suggests potential work with financial management, treasury, or revenue-generating departments. The company's contract win patterns are not detailed here, but the substantial average contract size of over $124 million suggests they are likely competing for and winning significant, high-value recovery initiatives. Without more granular data on recent contracts or specific project details, it's challenging to assess their track record or notable projects beyond the overall value of their awarded contracts. Their business strategy appears to center on securing and executing large, specialized debt recovery contracts, leveraging their expertise in this niche area to secure substantial government engagements.
Specializations
- Debt Collection
- Revenue Recovery
- Delinquent Account Management
- Accounts Receivable Recovery
- Financial Recovery Services
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: N/A
Agency Concentration: N/A
Growth Trajectory: N/A
Competitive Position
Without specific contract details or agency clients, Performant Recovery's competitive position is difficult to definitively assess. However, their substantial contract values suggest they are capable of competing for and winning large-scale debt recovery contracts. This niche specialization likely means they operate in a market with a limited number of highly specialized competitors.
Value to Taxpayers
The value Performant Recovery provides to taxpayers is directly tied to their success in recovering delinquent debts. Large contract values indicate the potential for significant financial returns to the government. However, a comprehensive assessment of value would require understanding their recovery rates, efficiency, and the costs associated with their services compared to the amounts recovered.
Agency Relationships
The provided data does not specify which agencies rely most on Performant Recovery. However, agencies with significant revenue streams or those managing large portfolios of receivables, such as the Department of the Treasury or departments responsible for student loans or tax collection, would be logical clients for their services.
Red Flags
- Lack of recent contract data: The absence of recent contracts could indicate a slowdown in business or a shift in strategy, requiring further investigation.
- Undisclosed agency clients: The inability to identify top agency clients makes it difficult to assess potential over-reliance or concentrated risk.
Green Flags
- Significant contract values: The large total contract value suggests the company is capable of handling substantial government recovery operations.
Key Contracts
Performant Recovery, Inc. has secured substantial government contracts, with a total value of $248.4 million across two awards. The average contract size stands at an impressive $124,200,753, indicating that the company is engaged in large-scale, high-impact projects. While specific details on these contracts are not provided, their specialization in debt collection and revenue recovery suggests these awards are likely related to identifying and recouping delinquent debts owed to the federal government. The substantial size of these contracts implies that Performant Recovery is tasked with managing complex recovery efforts, potentially involving large volumes of accounts or significant financial stakes. This focus on large-value recovery initiatives highlights the company's capacity to handle significant financial recovery operations for government entities. The nature of these contracts underscores the government's reliance on specialized firms to manage and recover funds that might otherwise be lost, contributing to fiscal responsibility and improved financial health of federal agencies.
Frequently Asked Questions
What does PERFORMANT RECOVERY, INC. do for the government?
PERFORMANT RECOVERY, INC. specializes in providing debt collection and revenue recovery services to the federal government. Their core function involves identifying, pursuing, and recovering delinquent debts owed to government agencies. This includes managing accounts receivable, locating debtors, and implementing strategies to recoup funds that have not been paid, thereby helping agencies improve their financial standing and recover lost revenue.
How much taxpayer money does PERFORMANT RECOVERY, INC. receive?
PERFORMANT RECOVERY, INC. has received a total of $248.4 million through two government contracts. The average value of these contracts is $124,200,753. This figure represents the total value of the awards made to the company for its services, not necessarily the amount disbursed or spent to date.
Is PERFORMANT RECOVERY, INC. good value for taxpayer money?
Assessing the value Performant Recovery provides requires more data on their recovery success rates and the efficiency of their operations. The large contract values suggest the government is entrusting them with significant recovery efforts, implying a belief in their capability. However, a definitive judgment on value would necessitate a comparison of the costs incurred versus the actual funds recovered, alongside an analysis of their competitive win history.
How does PERFORMANT RECOVERY, INC. win its contracts?
The provided data does not specify whether Performant Recovery wins contracts through competitive bidding or sole-source awards. However, the substantial average contract size of over $124 million suggests they are likely competing for and winning large, high-value recovery initiatives, which often involve competitive procurement processes.
What agencies use PERFORMANT RECOVERY, INC. most?
The provided data does not list the top agency clients for Performant Recovery, Inc. Given their specialization in debt collection and revenue recovery, it is probable that agencies with significant financial operations, such as the Department of the Treasury, or those managing large portfolios of receivables like student loans or tax debts, would be their primary government partners.