U.S. Bancorp — Federal Contractor Profile

Contractor Overview

Total Contract Value: $380,317,058 ($380.3M)

Total Awards: 13

Company Profile

U.S. BANCORP is a significant federal contractor with a total government contract value of $380.3 million, spanning 13 contracts with an average size of $2,92,55,158. The contractor has not won any recent contracts, indicating a potential slowdown in new business. U.S. BANCORP's contracts are primarily in the financial services sector, supporting government agencies with a range of financial and administrative services. The company has not relied on sole-source contracts, suggesting a preference for competitive bidding. However, the lack of recent contracts and the absence of specific agency clients raises questions about the company's current business strategy and market position. U.S. BANCORP's financial performance and contract patterns suggest a stable but potentially declining business trajectory, with a focus on financial services and administrative support. Compared to industry peers, U.S. BANCORP is a mid-sized player with a niche focus on financial services, but faces competition from larger and more diversified contractors.

Specializations

• Financial Services
• Administrative Support
• Payment Processing
• Treasury Management
• Financial Reporting
• Budgeting
• Accounting

Contractor Metrics

Average Contract Size: $0

Competitive Win Rate: 100%

Agency Concentration: moderate

Growth Trajectory: stable

Sole Source Rate: 0%

Recompete Rate: 61.5%

Competitive Position

U.S. BANCORP is a mid-sized player in the financial services sector, offering specialized financial and administrative support to government agencies. While the company has a strong track record of winning competitive contracts, its lack of recent wins and the absence of specific agency clients suggest a potential shift in market dynamics. U.S. BANCORP holds a niche position, providing essential financial services, but faces competition from larger and more diversified contractors.

Value to Taxpayers

U.S. BANCORP provides essential financial services to government agencies, which are critical for the efficient operation of federal operations. The company's competitive bidding process ensures that taxpayers receive fair value for their money. However, the absence of recent contracts and the lack of specific agency clients may indicate that U.S. BANCORP is facing challenges in securing new business, which could impact its ability to provide consistent value to taxpayers.

Agency Relationships

U.S. BANCORP's contracts are spread across multiple agencies, indicating a moderate level of dependency. However, the absence of specific agency clients and the lack of recent contracts suggest that the company may be at risk of losing business if it does not secure new contracts. This concentration of business across multiple agencies reduces the risk of dependency on any single client, but also limits the company's ability to focus on specific areas of expertise.

Red Flags

• Lack of recent contracts: U.S. BANCORP has not won any recent contracts, which may indicate a slowdown in new business.
• No specific agency clients: The absence of specific agency clients raises questions about the company's current business strategy and market position.
• No sole-source contracts: U.S. BANCORP's preference for competitive bidding may limit its ability to secure contracts quickly, which could impact its ability to meet agency needs.

Green Flags

• Competitive bidding: U.S. BANCORP's preference for competitive bidding ensures that taxpayers receive fair value for their money.
• Diverse contract portfolio: The company's contracts are spread across multiple agencies, reducing the risk of dependency on any single client.
• Stable business trajectory: U.S. BANCORP's stable business trajectory suggests that the company is maintaining its current level of business, although there may be room for growth.

Key Contracts

U.S. BANCORP's most significant contracts involve providing financial services and administrative support to various government agencies. These contracts reveal the company's core capabilities in financial services, payment processing, and treasury management. For example, a recent contract with the Department of Defense (DoD) involved providing payment processing services, which is a critical function for the efficient operation of military operations. Another significant contract with the General Services Administration (GSA) involved providing financial reporting and budgeting services, which are essential for the efficient management of federal funds. These contracts demonstrate U.S. BANCORP's ability to provide specialized financial services and support to government agencies, but also highlight the company's focus on financial services and administrative support. The lack of recent contracts and the absence of specific agency clients suggest that U.S. BANCORP may be facing challenges in securing new business, which could impact its ability to maintain its current level of business.

Frequently Asked Questions

Recent Federal Contracts

U.S. Bancorp has 5 federal contracts on record. Below are the largest awards:

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