Wackenhut Services Inc — Federal Contractor Profile

Contractor Overview

Total Contract Value: $125,348,772,246 ($125.3B)

Total Awards: 141

Company Profile

WACKENHUT SERVICES INC is a significant federal contractor with a substantial footprint in government spending, having secured contracts totaling $125.35 billion. The company operates across a wide range of specialized areas, including security, logistics, and facility management. However, the absence of recent contracts and detailed information on specific government agencies suggests a potentially limited and possibly declining role in current government operations. The company's business model appears to be heavily reliant on long-term contracts, with no recent competitive wins, indicating a focus on maintaining existing relationships rather than seeking new business. This strategy may reflect a cautious approach to market competition and a preference for stability over growth. WACKENHUT SERVICES INC's track record includes notable projects such as security services for federal facilities, but the lack of recent contracts and the absence of performance data raise questions about the company's current relevance and future prospects in the federal contracting landscape.

Specializations

• Security Services
• Facility Management
• Logistics
• Transportation
• IT Services
• Training and Education
• Environmental Services
• Healthcare Services
• Public Safety
• Emergency Management

Contractor Metrics

Average Contract Size: $0

Competitive Win Rate: 0%

Agency Concentration: moderate

Growth Trajectory: contracting

Sole Source Rate: 0%

Recompete Rate: 100%

Competitive Position

WACKENHUT SERVICES INC appears to be a niche player in the federal contracting market, with a focus on maintaining long-term contracts rather than actively seeking new business through competitive bidding. The company's lack of recent competitive wins suggests that it may be facing challenges in competing against more dynamic and innovative contractors. However, its extensive portfolio of long-term contracts indicates a strong presence in certain areas of federal service provision, particularly in security and facility management.

Value to Taxpayers

While WACKENHUT SERVICES INC has a significant presence in federal contracting, the absence of recent competitive wins and the lack of detailed performance data make it difficult to assess the value provided to taxpayers. The company's focus on long-term contracts and its specialized areas of expertise suggest that it may offer specialized services that are not easily replicated by competitors, but the high contract values and the absence of recent competitive bids raise questions about whether the company is providing good value for the money.

Agency Relationships

WACKENHUT SERVICES INC's client base appears to be moderately concentrated, with a diverse range of agencies relying on its services. However, the lack of specific information on which agencies are most dependent on the company and the absence of recent contracts suggest that there may be dependency risks. The company's long-term contracts with various agencies indicate a stable but potentially declining role in current government operations.

Red Flags

• No recent competitive wins: This suggests that the company may be facing challenges in competing against more dynamic and innovative contractors.
• Lack of recent contracts: The absence of recent contracts indicates a potential decline in the company's relevance and future prospects in the federal contracting landscape.
• High contract values: The average contract size of $888,998,385 is significantly higher than the industry average, which may indicate cost escalation or inefficiencies.
• No sole-source awards: The absence of sole-source awards suggests that the company may be struggling to secure contracts through competitive bidding processes.
• Moderate agency concentration: The company's client base is moderately concentrated, which may indicate dependency risks and a lack of diversification.

Green Flags

• Long-term contracts: The company's extensive portfolio of long-term contracts indicates a strong presence in certain areas of federal service provision, particularly in security and facility management.
• Diverse specializations: WACKENHUT SERVICES INC operates across a wide range of specialized areas, including security, logistics, and facility management, which suggests a diverse and adaptable business model.
• No recent performance issues: The absence of recent performance issues in the available data suggests that the company has maintained a good track record in its existing contracts.

Key Contracts

WACKENHUT SERVICES INC has secured numerous significant contracts over the years, including security services for federal facilities, logistics support for military operations, and facility management for government agencies. These contracts reveal the company's capabilities in providing specialized services such as security, logistics, and facility management. However, the lack of recent contracts and the absence of performance data raise questions about the company's current relevance and future prospects. The company's focus on long-term contracts and its specialized areas of expertise suggest that it may offer specialized services that are not easily replicated by competitors, but the high contract values and the absence of recent competitive bids raise questions about whether the company is providing good value for the money.

Frequently Asked Questions

Recent Federal Contracts

Wackenhut Services Inc has 2 federal contracts on record. Below are the largest awards:

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