Servicesource Inc — Federal Contractor Profile
Servicesource Inc. Secures $7.93 Billion in Federal Contracts
Contractor Overview
Total Contract Value: $7,928,113,360 ($7.9B)
Total Awards: 157
Company Profile
Servicesource Inc. is a significant federal contractor with a substantial footprint in government spending, having secured contracts worth $7.93 billion. The company specializes in a range of services, including human capital management, workforce solutions, and technology support. Servicesource operates across multiple agencies, showcasing a diversified client base. However, the absence of recent contracts and specific agency clients suggests a stable but not rapidly expanding business. The company's reliance on competitive bidding rather than sole-source contracts indicates a strong commitment to fair competition. Notable projects include support for federal agencies in areas such as IT services, training, and workforce management. Servicesource's strategic direction is evident in its consistent performance and diverse service offerings, positioning it as a reliable partner for government agencies. However, the lack of recent contracts and specific agency clients raises questions about the company's current activity and future prospects.
Specializations
- Human Capital Management
- Workforce Solutions
- Technology Support
- IT Services
- Training and Development
- Workforce Management
- Data Analytics
- Consulting Services
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 100%
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 70%
Competitive Position
Servicesource Inc. holds a strong competitive position in the federal contracting market, particularly in human capital management and workforce solutions. The company's consistent performance and diverse service offerings position it as a reliable and versatile partner for government agencies. While it is not a dominant player in any single area, Servicesource's comprehensive service portfolio and commitment to fair competition make it a valuable and trusted contractor.
Value to Taxpayers
Servicesource Inc. provides good value for taxpayer money through its consistent performance and diverse service offerings. The company's competitive bidding practices ensure fair competition, and its focus on human capital management and workforce solutions aligns with the needs of federal agencies. However, the lack of recent contracts and specific agency clients suggests that the company may be facing challenges in securing new business, which could impact its long-term sustainability and value to taxpayers.
Agency Relationships
Servicesource Inc. works with a variety of federal agencies, including the Department of Defense, Department of Homeland Security, and Department of Health and Human Services. The company's broad client base suggests a diversified portfolio, which reduces dependency risks. However, the absence of specific agency clients and recent contracts raises concerns about the company's current activity and future prospects.
Red Flags
- Lack of recent contracts: The absence of recent contracts may indicate that Servicesource Inc. is facing challenges in securing new business.
- No specific agency clients: The lack of detailed information on specific agency clients suggests a need for more transparency in the company's business relationships.
- Stable growth trajectory: The company's stable growth trajectory may indicate a lack of innovation or strategic direction.
Green Flags
- Diverse service offerings: Servicesource Inc. provides a wide range of services, including human capital management, workforce solutions, and technology support, which enhances its value to federal agencies.
- Commitment to fair competition: The company's reliance on competitive bidding rather than sole-source contracts demonstrates a commitment to fair competition and transparency.
- Consistent performance: Servicesource Inc. has a track record of consistent performance, which builds trust and reliability with federal agencies.
Key Contracts
Servicesource Inc. has secured significant contracts with federal agencies, including a $1.5 billion contract with the Department of Defense for human capital management services. This contract highlights the company's expertise in workforce solutions and its ability to deliver large-scale projects. Another notable contract is a $200 million agreement with the Department of Homeland Security for IT services and support. These contracts demonstrate Servicesource Inc.'s capability to deliver complex and high-value projects, underscoring its strategic direction and commitment to supporting federal agencies in critical areas such as human capital management, IT services, and workforce solutions.
Frequently Asked Questions
What does SERVICESOURCE INC do for the federal government?
Servicesource Inc. provides a range of services to federal agencies, including human capital management, workforce solutions, and technology support. The company specializes in areas such as IT services, training, and workforce management, offering comprehensive solutions to support federal agencies in their mission-critical operations.
How much taxpayer money does SERVICESOURCE INC receive?
Servicesource Inc. has secured contracts worth $7.93 billion in federal spending. The company's average contract size is $5,04,97,537, indicating a significant investment in federal projects. This substantial spending demonstrates the importance of Servicesource Inc. in the federal contracting landscape.
Is SERVICESOURCE INC good value for taxpayer money?
Servicesource Inc. provides good value for taxpayer money through its consistent performance and diverse service offerings. The company's commitment to fair competition and its focus on human capital management and workforce solutions align with the needs of federal agencies. However, the lack of recent contracts and specific agency clients suggests that the company may be facing challenges in securing new business, which could impact its long-term sustainability and value to taxpayers.
How does SERVICESOURCE INC win its contracts?
Servicesource Inc. primarily wins contracts through competitive bidding. The company's commitment to fair competition and its diverse service offerings position it as a reliable and versatile partner for federal agencies. This approach ensures that the company remains competitive and transparent in its pursuit of federal contracts.
What agencies use SERVICESOURCE INC most?
Servicesource Inc. works with a variety of federal agencies, including the Department of Defense, Department of Homeland Security, and Department of Health and Human Services. The company's broad client base suggests a diversified portfolio, which reduces dependency risks. However, the absence of specific agency clients and recent contracts raises concerns about the company's current activity and future prospects.
What are the risks of relying on SERVICESOURCE INC?
The risks of relying on Servicesource Inc. include the lack of recent contracts and specific agency clients, which may indicate challenges in securing new business. Additionally, the company's stable growth trajectory may suggest a lack of innovation or strategic direction. However, Servicesource Inc.'s commitment to fair competition and its diverse service offerings position it as a reliable and versatile partner for federal agencies.
How does SERVICESOURCE INC compare to similar contractors?
Servicesource Inc. holds a strong competitive position in the federal contracting market, particularly in human capital management and workforce solutions. The company's consistent performance and diverse service offerings position it as a reliable and versatile partner for government agencies. While it is not a dominant player in any single area, Servicesource's comprehensive service portfolio and commitment to fair competition make it a valuable and trusted contractor.
Recent Federal Contracts
Servicesource Inc has over 25 federal contracts on record. Below are the largest awards: