Commerce Dept. Awards $439K Contract to Ernst & Young for ERM and Internal Controls Support

Contract Overview

Contract Amount: $439,013 ($439.0K)

Contractor: Ernst & Young LLP

Awarding Agency: Department of Commerce

Start Date: 2026-04-17

End Date: 2027-04-16

Contract Duration: 364 days

Daily Burn Rate: $1.2K/day

Competition Type: FULL AND OPEN COMPETITION

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: OMB A-123 ENTERPRISE RISK MANAGEMENT AND INTERNAL CONTROLS SUPPORT

Place of Performance

Location: NEW YORK, NEW YORK County, NEW YORK, 10001

State: New York Government Spending

Plain-Language Summary

Department of Commerce obligated $439,013.44 to ERNST & YOUNG LLP for work described as: OMB A-123 ENTERPRISE RISK MANAGEMENT AND INTERNAL CONTROLS SUPPORT Key points: 1. Contract value is $439,013.44 for 1 year. 2. Ernst & Young is a major professional services firm. 3. Full and open competition was used. 4. The contract supports enterprise risk management and internal controls.

Value Assessment

Rating: good

The contract value is modest for a one-year engagement with a large firm like Ernst & Young. Pricing is likely competitive given the full and open competition.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, allowing multiple vendors to bid. This method generally promotes competitive pricing and ensures the government receives best value.

Taxpayer Impact: Taxpayer funds are being used for essential government functions related to risk management and internal controls, which are crucial for efficient and accountable operations.

Public Impact

Enhances government's ability to manage risks effectively. Improves internal control systems for better accountability. Supports compliance with federal regulations and standards. Leverages expertise from a leading professional services firm.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Positive Signals

Full and open competition utilized
Clear objective for risk management support
Contract duration aligns with project needs

Sector Analysis

This contract falls within professional services, specifically accounting and auditing services. Spending in this sector is common for government agencies requiring specialized expertise in financial management and compliance.

Small Business Impact

The contract was awarded under full and open competition and does not indicate any specific set-aside for small businesses. It is unlikely that small businesses were the primary focus for this particular service requirement.

Oversight & Accountability

The contract's success will depend on the Department of Commerce's oversight of Ernst & Young's performance and adherence to the contract's objectives for ERM and internal controls.

Related Government Programs

Offices of Certified Public Accountants
Department of Commerce Contracting
Office of the Secretary Programs

Risk Flags

Contract awarded to a single large firm, potentially limiting broader market engagement.
No specific small business participation noted.
Reliance on external expertise for core government functions.

Frequently Asked Questions

What is this federal contract paying for?

Department of Commerce awarded $439,013.44 to ERNST & YOUNG LLP. OMB A-123 ENTERPRISE RISK MANAGEMENT AND INTERNAL CONTROLS SUPPORT

Who is the contractor on this award?

The obligated recipient is ERNST & YOUNG LLP.

Which agency awarded this contract?

Awarding agency: Department of Commerce (Office of the Secretary).

What is the total obligated amount?

The obligated amount is $439,013.44.

What is the period of performance?

Start: 2026-04-17. End: 2027-04-16.

What specific deliverables are expected from Ernst & Young under this contract?

The contract focuses on support for OMB A-123, which pertains to Enterprise Risk Management and Internal Controls. Specific deliverables would likely include assessments, recommendations, policy development, training, and implementation guidance related to these areas. Detailed statements of work within the BPA call would outline the precise outputs required.

How will the effectiveness of Ernst & Young's support be measured?

Effectiveness will likely be measured by the successful implementation of improved risk management frameworks and internal control systems within the Department of Commerce. Key performance indicators could include reduced audit findings, improved compliance rates, and enhanced decision-making based on better risk information. Regular progress reviews and final acceptance of deliverables will also be critical.

What is the potential long-term impact of this contract on the Department of Commerce's operations?

This contract has the potential to significantly strengthen the Department of Commerce's operational resilience and accountability. By improving enterprise risk management and internal controls, the agency can better anticipate and mitigate threats, ensure efficient resource allocation, and maintain public trust. This foundational support can lead to more effective program delivery and strategic decision-making.

Industry Classification

NAICS: Professional, Scientific, and Technical Services › Accounting, Tax Preparation, Bookkeeping, and Payroll Services › Offices of Certified Public Accountants

Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › PROFESSIONAL SERVICES

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 1 MANHATTAN WEST, NEW YORK, NY, 10001

Business Categories: Category Business, Not Designated a Small Business, Partnership or Limited Liability Partnership, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $439,013

Exercised Options: $439,013

Current Obligation: $439,013

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: 1331L524A13OS0026

IDV Type: BPA

Timeline