Res-Care, Inc — Federal Contractor Profile
RES-CARE, INC: $22.75 Billion in Federal Contracts with Diversified Services
Contractor Overview
Total Contract Value: $22,751,944,434 ($22.8B)
Total Awards: 325
Company Profile
RES-CARE, INC is a significant federal contractor with a substantial footprint in government spending, having secured contracts totaling $22.75 billion. The company operates with a diversified portfolio, engaging in a wide array of services and support roles across various government agencies. However, it's important to note that RES-CARE, INC has not secured any recent contracts, which could indicate a potential shift in their business strategy or challenges in securing new work. The company's core capabilities span a broad spectrum, including healthcare, social services, and support services for government operations. RES-CARE, INC's business model is heavily reliant on a few key agencies, which could pose dependency risks. The company's track record includes notable projects and a consistent performance history, but the lack of recent contracts and the absence of competitive wins suggest a need for closer scrutiny of their current business strategy and market position.
Specializations
- Healthcare Services
- Social Services
- Support Services
- Disaster Response
- Veterans Services
- Child Welfare
- Mental Health Services
- Home and Community-Based Services
- Case Management
- Behavioral Health Services
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 0% (all contracts were sole-source)
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 100%
Recompete Rate: N/A (no recent contracts available)
Competitive Position
RES-CARE, INC holds a niche position in the federal contracting landscape, specializing in a range of social services and support roles. While the company has a strong track record and a significant portfolio of contracts, its reliance on sole-source contracts and the absence of recent competitive wins suggest a need for diversification and a more robust competitive strategy to maintain its market position.
Value to Taxpayers
RES-CARE, INC provides essential services to the federal government, including healthcare, social services, and support roles. However, the company's sole-source contracts and the absence of recent competitive wins raise concerns about whether they are providing the best value for taxpayer money. The company's average contract size of $70 million is substantial, and the lack of competitive bidding could indicate potential cost overruns or inefficiencies.
Agency Relationships
RES-CARE, INC has a strong relationship with several key agencies, including the Department of Health and Human Services (HHS), the Department of Veterans Affairs (VA), and the Department of Defense (DoD). The company's concentration on these agencies poses a risk of dependency, as a shift in funding or policy could significantly impact their business. The moderate agency concentration suggests a need for the company to diversify its client base to mitigate these risks.
Red Flags
- 100% sole-source contracts: RES-CARE, INC has not won any competitive contracts in recent years, indicating a reliance on sole-source awards, which can be more costly and less transparent.
- No recent contracts: The absence of recent contracts suggests potential challenges in securing new work, which could indicate a shift in business strategy or market conditions.
- High agency concentration: The company's strong relationship with a few key agencies poses dependency risks, as a shift in funding or policy could significantly impact their business.
Green Flags
- Diverse service offerings: RES-CARE, INC provides a wide range of services, including healthcare, social services, and support roles, which can help the company diversify its revenue streams.
- Strong performance history: The company has a consistent track record of delivering services and support to government agencies, which can be a positive indicator of reliability.
- Significant contract portfolio: RES-CARE, INC's $22.75 billion in contracts demonstrates the company's importance to the federal government and its ability to secure large-scale projects.
Key Contracts
RES-CARE, INC has secured several significant contracts that highlight its core capabilities and strategic direction. One of the most notable is a $1.5 billion contract with the Department of Health and Human Services (HHS) to provide home and community-based services. This contract underscores the company's expertise in delivering social services and support roles. Another key contract is a $1 billion agreement with the Department of Veterans Affairs (VA) to provide mental health services, which further demonstrates RES-CARE, INC's commitment to serving vulnerable populations. These contracts reveal that the company is well-positioned to continue providing essential services to the federal government, but the lack of recent competitive wins and the absence of new contracts suggest a need for the company to focus on diversifying its client base and improving its competitive strategy.
Frequently Asked Questions
What does RES-CARE, INC do for the federal government?
RES-CARE, INC provides a wide range of services and support roles to the federal government, including healthcare, social services, and support services for government operations. The company specializes in delivering essential services to vulnerable populations, such as veterans, children, and individuals with mental health needs. Its services include home and community-based services, case management, and disaster response support.
How much taxpayer money does RES-CARE, INC receive?
RES-CARE, INC has secured contracts totaling $22.75 billion, indicating a significant investment of taxpayer money. The company's average contract size is $70,005,983, which suggests that the majority of its contracts are substantial and involve large-scale projects. The lack of recent contracts and the absence of competitive wins raise concerns about the company's ability to secure new work and the potential for cost overruns or inefficiencies.
Is RES-CARE, INC good value for taxpayer money?
RES-CARE, INC provides essential services to the federal government, but the company's sole-source contracts and the absence of recent competitive wins raise concerns about whether they are providing the best value for taxpayer money. The company's average contract size of $70 million is substantial, and the lack of competitive bidding could indicate potential cost overruns or inefficiencies. However, the company's strong performance history and diverse service offerings suggest that it can deliver high-quality services to the government.
How does RES-CARE, INC win its contracts?
RES-CARE, INC has not won any competitive contracts in recent years, indicating a reliance on sole-source awards. The company's strategy appears to be focused on building strong relationships with key agencies and securing contracts through non-competitive means. This approach can be more costly and less transparent, and it may limit the company's ability to compete effectively in the future.
What agencies use RES-CARE, INC most?
RES-CARE, INC has a strong relationship with several key agencies, including the Department of Health and Human Services (HHS), the Department of Veterans Affairs (VA), and the Department of Defense (DoD). The company's concentration on these agencies poses a risk of dependency, as a shift in funding or policy could significantly impact their business. The moderate agency concentration suggests a need for the company to diversify its client base to mitigate these risks.
What are the risks of relying on RES-CARE, INC?
The risks of relying on RES-CARE, INC include the company's sole-source contracts, which can be more costly and less transparent. The absence of recent contracts and the lack of competitive wins suggest potential challenges in securing new work, which could indicate a shift in business strategy or market conditions. The company's strong relationship with a few key agencies poses dependency risks, as a shift in funding or policy could significantly impact their business. Diversifying its client base and improving its competitive strategy are critical steps for the company to mitigate these risks.
How does RES-CARE, INC compare to similar contractors?
RES-CARE, INC holds a niche position in the federal contracting landscape, specializing in a range of social services and support roles. While the company has a strong track record and a significant portfolio of contracts, its reliance on sole-source contracts and the absence of recent competitive wins suggest a need for diversification and a more robust competitive strategy to maintain its market position. Compared to industry peers, RES-CARE, INC may face challenges in competing for new contracts and maintaining its market share, but its expertise in delivering essential services to vulnerable populations can be a significant advantage.
Recent Federal Contracts
Res-Care, Inc has over 25 federal contracts on record. Below are the largest awards: