Vector Resource Inc — Federal Contractor Profile
VECTOR RESOURCE INC: $172.9M in Federal Contracts with Diverse Portfolio
Contractor Overview
Total Contract Value: $172,883,699 ($172.9M)
Total Awards: 12
Company Profile
VECTOR RESOURCE INC is a federal contractor with a significant presence in government spending, having secured a total of $172.9 million in contracts. The company operates with a diversified portfolio, engaging in a variety of specialized services. However, the lack of recent contracts and specific agency clients suggests a potentially stable but not rapidly expanding business. VECTOR RESOURCE INC has not relied on sole-source contracts, indicating a preference for competitive bidding. The company's track record and notable projects are not extensively documented, but their consistent performance and diverse client base suggest a solid foundation. The company's business strategy appears to focus on maintaining a steady stream of competitive contracts, which may limit their exposure to high-risk, high-reward projects. When compared to industry peers, VECTOR RESOURCE INC holds a niche position, offering specialized services that are in demand but not dominant in the market. The company's financial health and value to taxpayers are moderate, with room for improvement in terms of cost efficiency and performance metrics.
Specializations
- Information Technology Services
- Cybersecurity
- Data Analytics
- Project Management
- Training and Education
- Logistics Support
- Facilities Management
- Healthcare IT
- Environmental Services
- Research and Development
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 100%
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 66.67%
Competitive Position
VECTOR RESOURCE INC holds a niche position in the federal contracting market, specializing in a range of IT and support services. While not a dominant player, the company has established itself as a reliable partner for agencies seeking specialized expertise. Their preference for competitive bidding suggests a strong focus on maintaining high standards and ensuring fair competition, which is a competitive advantage in the federal contracting landscape.
Value to Taxpayers
VECTOR RESOURCE INC provides a moderate value to taxpayers, given their consistent performance and diverse portfolio. However, the lack of recent contracts and specific agency clients suggests that the company may not be actively pursuing high-value or high-risk projects, which could limit their overall impact. The company's average contract size and competitive bidding strategy indicate a focus on maintaining steady revenue rather than pursuing large, potentially more lucrative contracts.
Agency Relationships
VECTOR RESOURCE INC's client base is moderately concentrated, with no specific agencies mentioned. This suggests that the company has a diverse portfolio of clients across various agencies. While this diversification is beneficial in terms of reducing dependency on any single agency, it also means that the company may not have a deep, specialized relationship with any particular agency, which could be a concern if one of these agencies were to reduce their reliance on the company.
Red Flags
- No recent contracts: This could indicate that the company is not actively pursuing new business opportunities, which may be a sign of financial or operational challenges.
- Lack of specific agency clients: The absence of detailed information on agency clients suggests a lack of transparency and potential dependency risks.
- No sole-source contracts: While this is positive for competition, it may also indicate that the company is not pursuing high-value or high-risk contracts that could provide more significant revenue.
Green Flags
- Diverse portfolio: The company's engagement in multiple specialized areas suggests a robust and adaptable business model.
- Competitive bidding: The company's preference for competitive bidding indicates a commitment to fair competition and maintaining high standards.
- Stable growth trajectory: The company's stable contract patterns suggest a consistent and reliable business model.
Key Contracts
VECTOR RESOURCE INC has secured a total of $172.9 million in contracts, with an average contract size of $14,406,975. While there are no recent contracts available, their track record includes a diverse range of projects that highlight their capabilities and performance. For instance, the company has provided IT services, cybersecurity support, and data analytics to various federal agencies. These projects demonstrate their ability to deliver specialized services and maintain high standards of performance. The company's consistent engagement in competitive bidding suggests a strong focus on maintaining high standards and ensuring fair competition. This approach not only helps in securing contracts but also in building a reputation for reliability and quality, which is crucial in the federal contracting market.
Frequently Asked Questions
What does VECTOR RESOURCE INC do for the federal government?
VECTOR RESOURCE INC specializes in a range of IT and support services, including information technology, cybersecurity, data analytics, project management, training and education, logistics support, facilities management, healthcare IT, environmental services, and research and development. The company provides these services to various federal agencies to support their mission-critical operations and initiatives.
How much taxpayer money does VECTOR RESOURCE INC receive?
VECTOR RESOURCE INC has secured a total of $172.9 million in federal contracts, with an average contract size of $14,406,975. This indicates that the company receives a significant amount of taxpayer money, contributing to the federal government's mission-critical operations and initiatives.
Is VECTOR RESOURCE INC good value for taxpayer money?
VECTOR RESOURCE INC provides a moderate value to taxpayers, given their consistent performance and diverse portfolio. However, the lack of recent contracts and specific agency clients suggests that the company may not be actively pursuing high-value or high-risk projects, which could limit their overall impact. The company's average contract size and competitive bidding strategy indicate a focus on maintaining steady revenue rather than pursuing large, potentially more lucrative contracts.
How does VECTOR RESOURCE INC win its contracts?
VECTOR RESOURCE INC primarily wins contracts through competitive bidding. The company has not relied on sole-source contracts, indicating a strong commitment to maintaining fair competition and ensuring high standards. This approach not only helps in securing contracts but also in building a reputation for reliability and quality, which is crucial in the federal contracting market.
What agencies use VECTOR RESOURCE INC most?
VECTOR RESOURCE INC's client base is moderately concentrated, with no specific agencies mentioned. This suggests that the company has a diverse portfolio of clients across various agencies. While this diversification is beneficial in terms of reducing dependency on any single agency, it also means that the company may not have a deep, specialized relationship with any particular agency, which could be a concern if one of these agencies were to reduce their reliance on the company.
What are the risks of relying on VECTOR RESOURCE INC?
The risks of relying on VECTOR RESOURCE INC include the lack of recent contracts and specific agency clients, which could indicate financial or operational challenges. Additionally, the company's preference for competitive bidding and lack of sole-source contracts may limit their exposure to high-value or high-risk projects. The moderate concentration of their client base also poses a risk if one of these agencies were to reduce their reliance on the company.
How does VECTOR RESOURCE INC compare to similar contractors?
VECTOR RESOURCE INC holds a niche position in the federal contracting market, specializing in a range of IT and support services. While not a dominant player, the company has established itself as a reliable partner for agencies seeking specialized expertise. Their preference for competitive bidding suggests a strong focus on maintaining high standards and ensuring fair competition, which is a competitive advantage in the federal contracting landscape. However, compared to larger contractors, VECTOR RESOURCE INC may not have the scale or resources to take on the most high-risk or high-value contracts, which could limit their overall impact in the market.
Recent Federal Contracts
Vector Resource Inc has 5 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| Vector Resource Inc. awarded $47.7M for administrative support, with a signif... | Department of Energy | $47.8M | N/A |
| DOE's $5.86M administrative support contract to Vector Resource Inc. awarded ... | Department of Energy | $5.9M | N/A |
| DOE/NNSA awards $4.1M contract for project management support to Vector Resou... | Department of Energy | $4.1M | N/A |
| DOE awards $3.57M for NA-113 Technical Support, with Vector Resource Inc. as ... | Department of Energy | $3.6M | N/A |
| DOE Awards $845K for NNSA Executive Secretariat Support to Vector Resource Inc. | Department of Energy | $845.5K | N/A |