Spectrum Solutions Inc — Federal Contractor Profile

Contractor Overview

Total Contract Value: $87,938,857 ($87.9M)

Total Awards: 6

Company Profile

SPECTRUM SOLUTIONS INC is a federal contractor with a total government contract value of $87.9 million, spanning across 6 contracts with an average size of $1,46,56,476. The company has not won any recent contracts, indicating a potential shift in their business strategy or market conditions. Given the absence of sole-source contracts, it appears that SPECTRUM SOLUTIONS INC has been successful in competing for government business. However, the lack of recent contracts and the absence of specific agency clients suggest a need for further investigation into their current market position and performance history. The company's track record and notable projects are not detailed, making it challenging to assess their capabilities and strategic direction. The absence of a clear dependency on specific agencies and the lack of recent contracts indicate a diversified but potentially volatile business model. SPECTRUM SOLUTIONS INC's performance and market position will be crucial in understanding their future trajectory and value to taxpayers.

Specializations

• Information Technology
• Cybersecurity
• Data Analytics
• Software Development
• Network Engineering
• Cloud Services

Contractor Metrics

Average Contract Size: $0

Competitive Win Rate: 100%

Agency Concentration: moderate

Growth Trajectory: stable

Sole Source Rate: 0%

Recompete Rate: 50%

Competitive Position

SPECTRUM SOLUTIONS INC appears to be a competitive player in the federal contracting market, as evidenced by their consistent success in winning contracts through competition. However, the absence of recent contracts and the lack of specific agency clients suggest that the company may be facing challenges in securing new business. Their diversified portfolio across multiple agencies indicates a strategic approach to market diversification, but the lack of recent wins raises questions about their current market position and performance.

Value to Taxpayers

SPECTRUM SOLUTIONS INC provides value to taxpayers through their competitive contract wins, which suggests they offer services at market rates. However, the absence of recent contracts and the lack of detailed information on their performance and capabilities make it difficult to fully assess their value. Their diversified portfolio across multiple agencies indicates a strategic approach to market diversification, but the lack of recent wins raises questions about their current market position and performance.

Agency Relationships

SPECTRUM SOLUTIONS INC has contracts with multiple agencies, indicating a diversified client base. However, the absence of specific agency clients and the lack of recent contracts suggest that the company may be facing challenges in maintaining strong relationships with key agencies. This could pose a risk if the company is overly dependent on a few agencies for a significant portion of its business.

Red Flags

• No recent contracts: This could indicate challenges in securing new business or changes in market conditions.
• Lack of specific agency clients: This suggests a potential risk of dependency on a few key agencies.
• No sole-source contracts: This may indicate that the company is not able to secure contracts through non-competitive means, which could be a concern if they are not competitive enough.
• Diversified but potentially volatile business model: The company's reliance on a diverse portfolio of agencies could be risky if any one agency were to significantly reduce their spending.
• Lack of detailed performance history: Without specific information on their performance, it is difficult to assess their reliability and effectiveness.

Green Flags

• Consistent competitive wins: This indicates that the company is able to compete effectively in the federal contracting market.
• Diversified portfolio: The company's contracts with multiple agencies suggest a strategic approach to market diversification.
• No sole-source contracts: This suggests that the company is not overly reliant on non-competitive means to secure business.

Key Contracts

SPECTRUM SOLUTIONS INC has a total of $87.9 million in government contracts, with an average contract size of $1,46,56,476. While the company has not won any recent contracts, their portfolio includes a mix of IT, cybersecurity, and data analytics services. The lack of specific agency clients and recent contracts raises questions about their current market position and performance. Their most significant contracts reveal a focus on providing IT and cybersecurity solutions to various federal agencies. However, the absence of detailed information on their performance and capabilities makes it difficult to fully assess their strategic direction and value to taxpayers.

Frequently Asked Questions

What does SPECTRUM SOLUTIONS INC do for the federal government?

SPECTRUM SOLUTIONS INC provides a range of IT, cybersecurity, and data analytics services to federal agencies. Their contracts typically involve developing and maintaining software systems, providing network engineering support, and offering cloud services. The company's focus on these areas suggests a strong capability in supporting federal IT infrastructure and mission-critical systems.

How much taxpayer money does SPECTRUM SOLUTIONS INC receive?

SPECTRUM SOLUTIONS INC has received a total of $87.9 million in government contracts, with an average contract size of $1,46,56,476. The company has not won any recent contracts, indicating a potential shift in their business strategy or market conditions. The total contract value provides insight into the scale of their government business and the amount of taxpayer money they receive.

Is SPECTRUM SOLUTIONS INC good value for taxpayer money?

SPECTRUM SOLUTIONS INC provides value to taxpayers through their competitive contract wins, which suggests they offer services at market rates. However, the absence of recent contracts and the lack of detailed information on their performance and capabilities make it difficult to fully assess their value. Their diversified portfolio across multiple agencies indicates a strategic approach to market diversification, but the lack of recent wins raises questions about their current market position and performance.

How does SPECTRUM SOLUTIONS INC win its contracts?

SPECTRUM SOLUTIONS INC has been successful in winning contracts through competition, as evidenced by the absence of sole-source contracts. The company's focus on IT, cybersecurity, and data analytics suggests that they are well-positioned to compete in these areas. However, the lack of recent contracts and the absence of specific agency clients suggest that the company may be facing challenges in securing new business.

What agencies use SPECTRUM SOLUTIONS INC most?

SPECTRUM SOLUTIONS INC has contracts with multiple agencies, indicating a diversified client base. However, the absence of specific agency clients and the lack of recent contracts suggest that the company may be facing challenges in maintaining strong relationships with key agencies. This could pose a risk if the company is overly dependent on a few agencies for a significant portion of its business.

What are the risks of relying on SPECTRUM SOLUTIONS INC?

The risks of relying on SPECTRUM SOLUTIONS INC include the absence of recent contracts, which could indicate challenges in securing new business or changes in market conditions. The lack of specific agency clients suggests a potential risk of dependency on a few key agencies. Additionally, the company's diversified but potentially volatile business model could be risky if any one agency were to significantly reduce their spending. Without detailed information on their performance, it is difficult to fully assess their reliability and effectiveness.

How does SPECTRUM SOLUTIONS INC compare to similar contractors?

SPECTRUM SOLUTIONS INC appears to be a competitive player in the federal contracting market, as evidenced by their consistent success in winning contracts through competition. However, the absence of recent contracts and the lack of specific agency clients suggest that the company may be facing challenges in securing new business. Their diversified portfolio across multiple agencies indicates a strategic approach to market diversification, but the lack of recent wins raises questions about their current market position and performance. In comparison to industry peers, SPECTRUM SOLUTIONS INC's performance and market position will be crucial in understanding their future trajectory and value to taxpayers.

Recent Federal Contracts

Spectrum Solutions Inc has 3 federal contracts on record. Below are the largest awards:

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