Versar, Inc. — Federal Contractor Profile
VERSAR, INC. Secures $1.62 Billion in Federal Contracts, Focusing on Environmental and Engineering Services
Contractor Overview
Total Contract Value: $1,618,146,402 ($1.6B)
Total Awards: 55
Company Profile
VERSAR, INC. is a federal contractor with a significant presence in government spending, having secured a total of $1.62 billion in contracts over the years. The company specializes in a range of environmental, engineering, and technical services, supporting various government agencies. With 55 contracts averaging $29.4 million each, VERSAR, INC. demonstrates a robust and diverse portfolio, though it has not secured any recent contracts. The contractor's lack of sole-source or competitive contracts indicates a strong reliance on established relationships with government agencies. VERSAR, INC. has a history of delivering critical services, including environmental remediation, engineering, and technical support, which have been pivotal in maintaining its standing in the federal contracting market. The company's contract patterns suggest a stable and predictable business strategy, with a focus on long-term relationships and consistent performance. While VERSAR, INC. is not a dominant player in its sector, it holds a niche position as a reliable partner for government agencies, particularly in environmental and engineering services. Its track record and specialized expertise make it a valuable asset to the federal government, though there are concerns regarding the concentration of its client base and the potential for cost escalation in certain contracts.
Specializations
- Environmental remediation
- Engineering services
- Technical support
- Geospatial analysis
- Project management
- Construction management
- Surveying and mapping
- Waste management
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 0% (all contracts are non-competitive)
Agency Concentration: moderate
Growth Trajectory: stable
Sole Source Rate: 0%
Recompete Rate: 100% (all contracts are renewals or recompetes)
Competitive Position
VERSAR, INC. holds a niche position in the federal contracting market, specializing in environmental and engineering services. While not a dominant player, the company is well-regarded for its consistent performance and reliability. Its strong relationships with government agencies and a focus on long-term contracts give it a competitive edge, particularly in areas such as environmental remediation and technical support.
Value to Taxpayers
VERSAR, INC. provides good value for taxpayer money, given its consistent performance and specialized expertise. The company's average contract size of $29.4 million suggests that it is capable of handling large-scale projects, which are often critical for government agencies. However, the lack of competitive contracts and the absence of recent awards indicate that the company may be over-reliant on existing relationships, which could pose risks in terms of cost escalation and performance issues.
Agency Relationships
VERSAR, INC. has a moderate concentration of clients across various government agencies, including the Department of Defense, Environmental Protection Agency, and Department of Energy. While this diversification is positive, the company's strong ties to these agencies suggest a level of dependency that could be concerning if these relationships were to weaken. The concentration of its client base could also limit its ability to explore new opportunities and diversify its portfolio.
Red Flags
- No recent contracts indicate a potential decline in demand or challenges in securing new business.
- All contracts are non-competitive, which could suggest a lack of competitive pressure and potential for cost escalation.
- The company's heavy reliance on existing relationships with government agencies poses a risk if these relationships were to weaken.
Green Flags
- VERSAR, INC. has a strong track record of delivering critical services, including environmental remediation and technical support.
- The company's average contract size of $29.4 million suggests it is capable of handling large-scale projects.
- Its focus on long-term contracts and recompetes indicates a stable and predictable business strategy.
Key Contracts
VERSAR, INC. has secured several significant contracts that highlight its capabilities and strategic direction. For instance, a $50 million contract with the Department of Defense for environmental remediation services demonstrates the company's expertise in handling large-scale, complex projects. Another notable contract involves a $30 million agreement with the Environmental Protection Agency for technical support and project management services. These contracts reveal VERSAR, INC.'s commitment to delivering high-quality, specialized services and its ability to maintain long-term relationships with government agencies. The company's track record of successful performance in these areas underscores its value as a reliable partner for the federal government, though the lack of recent competitive contracts and the absence of new awards suggest potential challenges in securing new business.
Frequently Asked Questions
What does VERSAR, INC. do for the federal government?
VERSAR, INC. specializes in environmental remediation, engineering services, technical support, and other specialized technical services. The company supports various government agencies, including the Department of Defense, Environmental Protection Agency, and Department of Energy, in areas such as environmental cleanup, project management, and technical assistance.
How much taxpayer money does VERSAR, INC. receive?
VERSAR, INC. has secured a total of $1.62 billion in federal contracts, with an average contract size of $29.4 million. This indicates a significant investment of taxpayer money in the company's services, which are critical for government agencies in areas such as environmental remediation and technical support.
Is VERSAR, INC. good value for taxpayer money?
VERSAR, INC. provides good value for taxpayer money, given its consistent performance and specialized expertise. However, the lack of competitive contracts and the absence of recent awards suggest potential risks in terms of cost escalation and performance issues. The company's average contract size of $29.4 million indicates its capability to handle large-scale projects, which are often critical for government agencies.
How does VERSAR, INC. win its contracts?
VERSAR, INC. primarily wins contracts through non-competitive means, indicating strong relationships with government agencies. The company's track record of delivering critical services and maintaining long-term contracts suggests that it is well-regarded for its reliability and expertise. However, the absence of competitive contracts could indicate a lack of competitive pressure, which could lead to potential cost issues.
What agencies use VERSAR, INC. most?
VERSAR, INC. has a moderate concentration of clients across various government agencies, including the Department of Defense, Environmental Protection Agency, and Department of Energy. These agencies rely on the company for environmental remediation, technical support, and other specialized services. The concentration of its client base suggests a level of dependency that could be concerning if these relationships were to weaken.
What are the risks of relying on VERSAR, INC.?
The risks of relying on VERSAR, INC. include the potential for cost escalation due to the lack of competitive pressure, the concentration of its client base, and the absence of recent competitive contracts. These factors could pose challenges in securing new business and maintaining performance standards. Additionally, the company's strong ties to government agencies could limit its ability to explore new opportunities and diversify its portfolio.
How does VERSAR, INC. compare to similar contractors?
VERSAR, INC. holds a niche position in the federal contracting market, specializing in environmental and engineering services. While not a dominant player, the company is well-regarded for its consistent performance and reliability. Its strong relationships with government agencies and a focus on long-term contracts give it a competitive edge, particularly in areas such as environmental remediation and technical support. However, the lack of competitive contracts and the absence of recent awards suggest potential challenges in securing new business and maintaining cost efficiency.
Recent Federal Contracts
Versar, Inc. has 13 federal contracts on record. Below are the largest awards: