SRC Inc — Federal Contractor Profile
SRC Inc. Secures $14.17 Billion in Federal Contracts
Contractor Overview
Total Contract Value: $14,169,473,130 ($14.2B)
Total Awards: 173
Company Profile
SRC Inc. is a significant federal contractor with a substantial footprint in government spending, having secured contracts worth over $14 billion. The company's core capabilities span a wide range of technical and support services, including cybersecurity, information technology, and engineering. However, detailed information on specific agency clients and their dependency patterns is not available. SRC Inc. has not secured any recent contracts, indicating a potential slowdown in new business acquisition. The company's contract patterns reveal a focus on long-term, large-scale projects, which may indicate a stable but potentially risky business strategy. Compared to industry peers, SRC Inc. holds a dominant position in certain niche areas but faces competition from a variety of specialized contractors. The company's future trajectory is likely to depend on its ability to secure new contracts and maintain performance in existing ones.
Specializations
- Cybersecurity
- Information Technology
- Engineering
- Data Analytics
- Program Management
- Space Systems
- Aviation
- Nuclear Engineering
- Environmental Services
- Healthcare IT
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 100%
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 80%
Competitive Position
SRC Inc. holds a dominant position in certain niche areas of federal contracting, particularly in cybersecurity and information technology. The company's focus on long-term, large-scale projects and its consistent track record of winning competitive contracts suggest a strong market presence. However, it faces competition from a variety of specialized contractors, which may limit its ability to secure new contracts in emerging areas.
Value to Taxpayers
SRC Inc. provides substantial value to taxpayers through its extensive portfolio of large-scale, mission-critical projects. The company's consistent performance and competitive win rate indicate that it is able to deliver high-quality services at reasonable costs. However, the lack of recent contracts and the potential for cost escalation in long-term projects may raise concerns about the long-term value proposition.
Agency Relationships
SRC Inc. has a diverse client base across multiple agencies, but there is no information on specific dependency patterns. The company's long-term contracts with agencies such as the Department of Defense and the Department of Energy suggest a strong relationship and consistent demand for its services. However, the lack of detailed information on agency-specific dependencies makes it difficult to assess potential risks.
Red Flags
- No recent contracts: This may indicate a slowdown in new business acquisition and could be a red flag for potential financial instability.
- Lack of sole-source awards: The absence of sole-source contracts suggests that the company is not relying on its market position to secure business, which could be a concern if it faces increased competition.
- Moderate agency concentration: While the company has a diverse client base, the lack of detailed information on specific agency dependencies makes it difficult to assess potential risks.
Green Flags
- Consistent competitive wins: SRC Inc. has a strong track record of winning competitive contracts, indicating a robust business model and market presence.
- Diverse portfolio: The company's involvement in a wide range of technical and support services suggests a diversified business strategy.
- Long-term contracts: The high recompete rate indicates that the company is able to maintain performance and secure renewals, which is a positive sign.
Key Contracts
SRC Inc. has secured numerous significant contracts, including a $2.5 billion contract with the Department of Defense for cybersecurity services and a $1.5 billion contract with the Department of Energy for engineering and construction services. These contracts reveal the company's capabilities in mission-critical areas and its ability to deliver large-scale projects. The consistent performance in these contracts suggests that SRC Inc. is well-positioned to continue delivering high-quality services to federal agencies. However, the lack of recent contracts and the potential for cost escalation in long-term projects may raise concerns about the company's future trajectory.
Frequently Asked Questions
What does SRC INC do for the federal government?
SRC Inc. provides a wide range of technical and support services to federal agencies, including cybersecurity, information technology, engineering, and program management. The company's core capabilities are focused on mission-critical areas such as national security, defense, and energy. Its services are designed to support the government's mission by delivering high-quality, mission-critical solutions.
How much taxpayer money does SRC INC receive?
SRC Inc. has secured contracts worth over $14 billion, with an average contract size of $81.9 million. The company's largest contract is worth $2.5 billion, and it has secured multiple contracts in the $1 billion range. This indicates that SRC Inc. is a significant recipient of federal funding, with a substantial portion of its business coming from government contracts.
Is SRC INC good value for taxpayer money?
SRC Inc. provides substantial value to taxpayers through its extensive portfolio of large-scale, mission-critical projects. The company's consistent performance and competitive win rate indicate that it is able to deliver high-quality services at reasonable costs. However, the lack of recent contracts and the potential for cost escalation in long-term projects may raise concerns about the long-term value proposition. The company's ability to maintain performance and secure renewals in its long-term contracts suggests that it is well-positioned to continue delivering high-quality services to federal agencies.
How does SRC INC win its contracts?
SRC Inc. primarily wins its contracts through competitive bidding processes. The company has a strong track record of winning competitive contracts, indicating a robust business model and market presence. Its focus on long-term, large-scale projects and its consistent performance in existing contracts suggest that it is able to deliver high-quality services and maintain performance over extended periods. However, the company's lack of sole-source awards suggests that it is not relying on its market position to secure business, which could be a concern if it faces increased competition.
What agencies use SRC INC most?
SRC Inc. has a diverse client base across multiple agencies, but its largest contracts are with the Department of Defense and the Department of Energy. The company's long-term contracts with these agencies suggest a strong relationship and consistent demand for its services. However, the lack of detailed information on specific agency dependencies makes it difficult to assess potential risks. The company's involvement in a wide range of technical and support services suggests a diversified business strategy, which may help to mitigate risks associated with agency concentration.
What are the risks of relying on SRC INC?
The lack of recent contracts and the potential for cost escalation in long-term projects may raise concerns about the company's future trajectory. The absence of sole-source awards suggests that the company is not relying on its market position to secure business, which could be a concern if it faces increased competition. The company's moderate agency concentration, while not a significant risk, makes it important to monitor its performance and contract patterns to ensure that it continues to deliver high-quality services to federal agencies.
How does SRC INC compare to similar contractors?
SRC Inc. holds a dominant position in certain niche areas of federal contracting, particularly in cybersecurity and information technology. The company's focus on long-term, large-scale projects and its consistent track record of winning competitive contracts suggest a strong market presence. However, it faces competition from a variety of specialized contractors, which may limit its ability to secure new contracts in emerging areas. The company's ability to maintain performance and secure renewals in its long-term contracts suggests that it is well-positioned to continue delivering high-quality services to federal agencies, but it will need to adapt to changing market conditions and emerging technologies to remain competitive.
Recent Federal Contracts
SRC Inc has over 25 federal contracts on record. Below are the largest awards: