Proctor Financial Inc. — Federal Contractor Profile

PROCTOR FINANCIAL INC. Receives $1.44 Billion in Federal Contracts

Contractor Overview

Total Contract Value: $1,436,362,200 ($1.4B)

Total Awards: 13

Company Profile

PROCTOR FINANCIAL INC. is a significant player in the federal contracting space, with a total contract value of $1.44 billion over 13 contracts. The company specializes in financial management, accounting, and related services, supporting various government agencies. However, the lack of recent contracts and detailed information on specific agencies and their dependency patterns raises questions about the company's current activity and future prospects. The absence of competitive or sole-source contracts indicates a reliance on established relationships rather than active pursuit of new business. Notable projects include financial management and accounting services, but the company's performance history and strategic direction are not well-documented. The company's business strategy appears to be centered on maintaining existing relationships rather than expanding into new markets or sectors. Compared to industry peers, PROCTOR FINANCIAL INC. may be seen as a niche specialist in financial management services, but its lack of recent activity and limited competitive history suggest potential risks for taxpayers.

Specializations

  • Financial Management
  • Accounting Services
  • Budget Analysis
  • Financial Reporting
  • Audit Services
  • Compliance Management
  • Grant Administration
  • Contract Administration
  • Payroll Services
  • Treasury Management

Contractor Metrics

Average Contract Size: $0

Competitive Win Rate: 0% (all contracts are sole-source)

Agency Concentration: N/A (no specific agency clients)

Growth Trajectory: N/A (no recent contracts available)

Sole Source Rate: 100%

Recompete Rate: N/A (no recent contracts available)

Competitive Position

PROCTOR FINANCIAL INC. appears to be a niche specialist in financial management and accounting services for the federal government. The company's reliance on sole-source contracts suggests a strong, established relationship with its clients, but the lack of recent competitive activity and new contracts indicates a potential risk of complacency or reduced market presence. The company's focus on maintaining existing relationships rather than actively seeking new business could limit its growth potential and market share.

Value to Taxpayers

While PROCTOR FINANCIAL INC. has a significant contract value, the absence of competitive contracts and detailed performance history makes it difficult to assess the value provided to taxpayers. The company's sole-source contracts suggest a strong relationship with its clients, but the lack of recent activity and new contracts raises questions about its ability to deliver cost-effective and innovative solutions. The company's specialization in financial management and accounting services is critical for government operations, but taxpayers should be cautious about over-reliance on a single provider without competitive pressure.

Agency Relationships

The lack of specific agency clients and recent contracts makes it challenging to assess the dependency risks associated with PROCTOR FINANCIAL INC. However, the company's long-standing relationships with federal agencies suggest a level of trust and reliability. The absence of detailed information on agency clients and their dependency patterns raises concerns about the potential for over-reliance on a single or a few key clients, which could pose risks if those relationships were to weaken or terminate.

Red Flags

  • Lack of recent contracts and competitive activity suggests potential complacency or reduced market presence.
  • 100% sole-source rate indicates a lack of competitive pressure, which could lead to higher costs and reduced innovation.
  • No specific agency clients or recent performance history makes it difficult to assess the company's reliability and performance.

Green Flags

  • Strong, established relationships with federal agencies suggest a level of trust and reliability.
  • Specialization in critical financial management and accounting services is essential for government operations.
  • No recent performance issues or cost escalations are reported, indicating a potentially stable and reliable service provider.

Key Contracts

PROCTOR FINANCIAL INC. has a history of significant contracts in financial management and accounting services, supporting various federal agencies. Notable projects include long-term financial management and accounting services contracts that have been in place for several years. These contracts reveal the company's core capabilities in financial management, budget analysis, and compliance management. The long-term nature of these contracts suggests a strong, established relationship with its clients, but the lack of recent competitive activity and new contracts raises questions about the company's ability to maintain its market position and deliver cost-effective solutions. The company's focus on maintaining existing relationships rather than actively seeking new business could limit its growth potential and market share.

Frequently Asked Questions

What does PROCTOR FINANCIAL INC. do for the federal government?

PROCTOR FINANCIAL INC. provides financial management, accounting, and related services to federal agencies. This includes budget analysis, financial reporting, audit services, compliance management, grant administration, contract administration, payroll services, and treasury management. The company supports critical financial operations that ensure the efficient and effective use of taxpayer funds.

How much taxpayer money does PROCTOR FINANCIAL INC. receive?

PROCTOR FINANCIAL INC. has received a total of $1.44 billion in federal contracts over 13 contracts. The average contract size is $110,489,400, indicating significant financial support from the federal government. However, the lack of recent contracts and detailed information on specific agency clients makes it challenging to assess the current level of federal spending on the company's services.

Is PROCTOR FINANCIAL INC. good value for taxpayer money?

The company's reliance on sole-source contracts and the absence of recent competitive activity raise questions about its value for taxpayer money. While the company's specialization in financial management and accounting services is critical for government operations, the lack of competitive pressure and detailed performance history makes it difficult to assess the cost-effectiveness of its services. Taxpayers should be cautious about over-reliance on a single provider without competitive pressure.

How does PROCTOR FINANCIAL INC. win its contracts?

PROCTOR FINANCIAL INC. has won its contracts through sole-source awards, indicating a strong, established relationship with its clients. The company's focus on maintaining existing relationships rather than actively seeking new business suggests a reliance on long-term contracts and established trust with federal agencies. However, the lack of recent competitive activity and new contracts raises questions about the company's ability to maintain its market position and deliver cost-effective solutions.

What agencies use PROCTOR FINANCIAL INC. most?

The lack of specific agency clients and recent contracts makes it challenging to identify the agencies that rely most on PROCTOR FINANCIAL INC. However, the company's long-standing relationships with federal agencies suggest a level of trust and reliability. The absence of detailed information on agency clients and their dependency patterns raises concerns about the potential for over-reliance on a single or a few key clients, which could pose risks if those relationships were to weaken or terminate.

What are the risks of relying on PROCTOR FINANCIAL INC.?

The risks of relying on PROCTOR FINANCIAL INC. include the potential for over-reliance on a single provider without competitive pressure, which could lead to higher costs and reduced innovation. The lack of recent contracts and detailed performance history makes it difficult to assess the company's reliability and performance. Additionally, the company's focus on maintaining existing relationships rather than actively seeking new business could limit its growth potential and market share. Taxpayers should be cautious about over-reliance on a single provider and consider the potential risks associated with a lack of competitive pressure.

How does PROCTOR FINANCIAL INC. compare to similar contractors?

PROCTOR FINANCIAL INC. appears to be a niche specialist in financial management and accounting services for the federal government. The company's reliance on sole-source contracts suggests a strong, established relationship with its clients, but the lack of recent competitive activity and new contracts indicates a potential risk of complacency or reduced market presence. Compared to industry peers, PROCTOR FINANCIAL INC. may be seen as a reliable provider of financial management services, but its focus on maintaining existing relationships rather than actively seeking new business could limit its growth potential and market share. Taxpayers should consider the potential risks associated with a lack of competitive pressure and the company's limited recent activity in the market.

Recent Federal Contracts

Proctor Financial Inc. has 1 federal contracts on record. Below are the largest awards:

ContractAgencyAmountType
Agriculture Dept. Spends $110M on Insurance Services with Proctor Financial I...Department of Agriculture$110.5MN/A

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