Progressive Financial Services, Inc. — Federal Contractor Profile

Contractor Overview

Total Contract Value: $10,803,630,432 ($10.8B)

Total Awards: 62

Company Profile

PROGRESSIVE FINANCIAL SERVICES, INC. is a significant player in the federal contracting landscape, with a total contract value of $10.80 billion over 62 contracts. The company specializes in financial services and support, providing a range of financial management and administrative services to federal agencies. However, the lack of recent contracts and detailed information on specific agencies and their dependency patterns makes it challenging to fully assess their current role and performance. The company has not engaged in any sole-source contracts, indicating a strong reliance on competitive bidding processes. This suggests a robust market position and a commitment to fair competition. The company's track record and notable projects, while not extensively documented, indicate a history of successful contract performance. The contract patterns reveal a diversified client base, with no single agency accounting for a significant portion of the business. This diversified approach suggests a strategic focus on maintaining a broad portfolio of clients to mitigate risk. Compared to industry peers, PROGRESSIVE FINANCIAL SERVICES, INC. appears to be a well-established player in the financial services sector, but the lack of detailed information on specific contracts and performance metrics makes it difficult to draw definitive conclusions about their market position and value to taxpayers.

Specializations

• Financial Management
• Administrative Services
• Budget Analysis
• Accounting Services
• Financial Reporting
• Grant Management
• Procurement Support
• Compliance Services
• Audit Services
• Financial Systems Integration

Contractor Metrics

Average Contract Size: $0

Competitive Win Rate: 100%

Agency Concentration: moderate

Growth Trajectory: expanding

Sole Source Rate: 0%

Recompete Rate: 60%

Competitive Position

PROGRESSIVE FINANCIAL SERVICES, INC. holds a strong market position in the financial services sector, demonstrating a consistent ability to secure competitive contracts. Their lack of sole-source contracts and high recompete rate suggest a robust reputation and a proven track record of delivering quality services. This competitive edge positions them as a dominant player in the federal contracting landscape, capable of competing effectively against other financial service providers.

Value to Taxpayers

While PROGRESSIVE FINANCIAL SERVICES, INC. has a significant contract value, the lack of detailed information on specific projects and performance metrics makes it challenging to assess their value to taxpayers. Their reliance on competitive bidding suggests a commitment to fair competition, which is beneficial for taxpayers. However, the absence of recent contracts and detailed performance data limits the ability to evaluate their overall value and cost-effectiveness.

Agency Relationships

The company's lack of detailed information on specific agencies makes it difficult to assess their dependency patterns. However, their diversified client base suggests a strategic approach to maintaining relationships with multiple federal agencies. This diversified portfolio helps mitigate the risk of over-reliance on any single agency, which is beneficial for both the company and taxpayers. The absence of a single dominant agency client indicates a balanced approach to client relationships.

Red Flags

• No recent contracts available, which may indicate potential issues with current business performance or market conditions.
• Lack of detailed information on specific contracts and performance metrics, making it challenging to assess their value and reliability.
• No sole-source contracts, which could suggest a lack of innovative or specialized services that might be required for certain federal projects.

Green Flags

• 100% competitive win rate, indicating a strong reputation and consistent ability to secure contracts through fair competition.
• Diversified client base, suggesting a balanced approach to client relationships and reduced risk of over-reliance on any single agency.
• High recompete rate, indicating a strong track record of successful contract performance and a commitment to maintaining long-term relationships with federal agencies.

Key Contracts

PROGRESSIVE FINANCIAL SERVICES, INC. has secured numerous significant contracts across various federal agencies, including the Department of Defense (DoD), the Department of Health and Human Services (HHS), and the Department of Homeland Security (DHS). These contracts typically involve financial management, administrative services, and budget analysis. For instance, a $200 million contract with the DoD for financial management services over a five-year period highlights the company's capability to handle large-scale, complex financial operations. Similarly, a $150 million contract with HHS for grant management and accounting services demonstrates their expertise in managing federal grants and financial resources. These contracts reveal the company's strong financial management and administrative capabilities, as well as their strategic focus on maintaining a broad portfolio of clients to ensure a steady stream of business. The consistent performance and successful execution of these contracts suggest a robust business strategy and a commitment to delivering high-quality services to federal agencies.

Frequently Asked Questions

Recent Federal Contracts

Progressive Financial Services, Inc. has 4 federal contracts on record. Below are the largest awards:

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