DOJ FBI Awards $2.17M Contract to Ernst & Young for Accounting Services via Full and Open Competition
Contract Overview
Contract Amount: $2,172,048 ($2.2M)
Contractor: Ernst & Young LLP
Awarding Agency: Department of Justice
Start Date: 2023-08-21
End Date: 2025-08-20
Contract Duration: 730 days
Daily Burn Rate: $3.0K/day
Competition Type: FULL AND OPEN COMPETITION
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: SERVICES TO BE PERFORMED IAW THE OIA BPA 15F0672A0003386 AND GS00F290CA TERMS AND CONDITIONS. THE PWS AND PRICING ARE INCORPORATED BY REFERENCE.
Place of Performance
Location: NEW YORK, NEW YORK County, NEW YORK, 10001
State: New York Government Spending
Plain-Language Summary
Department of Justice obligated $2.2 million to ERNST & YOUNG LLP for work described as: SERVICES TO BE PERFORMED IAW THE OIA BPA 15F0672A0003386 AND GS00F290CA TERMS AND CONDITIONS. THE PWS AND PRICING ARE INCORPORATED BY REFERENCE. Key points: 1. Contract awarded to Ernst & Young LLP for accounting services. 2. Utilizes an existing BPA call against a previously competed contract. 3. Firm Fixed Price contract type suggests clear scope and cost control. 4. No small business participation noted in this specific award.
Value Assessment
Rating: good
The contract value of $2.17M over two years appears reasonable for specialized accounting services. Benchmarking against similar contracts for CPA firms of this caliber is needed for a definitive assessment.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, indicating a competitive bidding process. This method generally leads to better price discovery and value for the government.
Taxpayer Impact: The use of a competitive process is positive for taxpayer value. The specific pricing against market rates will determine the ultimate taxpayer impact.
Public Impact
Ensures continued access to essential accounting and auditing expertise for the FBI. Supports the FBI's mission by providing financial oversight and compliance services. Leverages an existing contract vehicle (BPA Call) for efficient procurement.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of specific performance metrics in provided data.
- Potential for cost creep if scope is not tightly managed.
Positive Signals
- Awarded under full and open competition.
- Firm Fixed Price contract type.
- Leverages existing BPA call for efficiency.
Sector Analysis
This contract falls within the professional services sector, specifically accounting and auditing. Spending in this area is crucial for government financial integrity and compliance.
Small Business Impact
This specific award does not indicate any set-aside for small businesses. While the prime contractor is a large business, subcontracting opportunities for small businesses are not detailed here.
Oversight & Accountability
The use of an existing BPA and the firm fixed price structure suggest some level of oversight. However, detailed performance monitoring and quality assurance processes are not specified in the provided data.
Related Government Programs
- Offices of Certified Public Accountants
- Department of Justice Contracting
- Federal Bureau of Investigation Programs
Risk Flags
- Potential for vendor lock-in if services are highly specialized.
- Reliance on a single large vendor for critical services.
- Limited visibility into specific performance metrics.
- Contract duration extends into a new fiscal year, requiring continued funding.
Tags
offices-of-certified-public-accountants, department-of-justice, ny, bpa-call, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Justice awarded $2.2 million to ERNST & YOUNG LLP. SERVICES TO BE PERFORMED IAW THE OIA BPA 15F0672A0003386 AND GS00F290CA TERMS AND CONDITIONS. THE PWS AND PRICING ARE INCORPORATED BY REFERENCE.
Who is the contractor on this award?
The obligated recipient is ERNST & YOUNG LLP.
Which agency awarded this contract?
Awarding agency: Department of Justice (Federal Bureau of Investigation).
What is the total obligated amount?
The obligated amount is $2.2 million.
What is the period of performance?
Start: 2023-08-21. End: 2025-08-20.
What is the specific nature of the accounting services required by the FBI under this contract?
The provided data indicates the services are 'IAW the OIA BPA 15F0672A0003386 and GS00F290CA terms and conditions.' While the PWS is incorporated by reference, its specifics are not detailed here. Generally, such contracts involve auditing, financial reporting, forensic accounting, or advisory services critical to the FBI's operations and compliance.
How does the pricing compare to industry benchmarks for similar accounting services provided to federal agencies?
Without access to the PWS and pricing details, a direct benchmark is difficult. However, Ernst & Young is a major accounting firm, and their rates are typically at the higher end of the market. The firm fixed price and full and open competition suggest the government sought competitive pricing, but a detailed analysis of the incorporated PWS is necessary for a true comparison.
What mechanisms are in place to ensure the quality and effectiveness of the services provided by Ernst & Young?
The contract leverages an existing BPA, which likely has established oversight mechanisms. The firm fixed price contract type incentivizes performance within budget. However, specific quality assurance surveillance plans (QASP) or performance metrics are not detailed in the provided summary, which would be crucial for assessing effectiveness.
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: $2,212,048
Exercised Options: $2,172,048
Current Obligation: $2,172,048
Actual Outlays: $2,172,048
Contract Characteristics
Commercial Item: PRODUCTS OR SERVICES PURSUANT TO FAR 12.102(F)
Parent Contract
Parent Award PIID: 15F06721A0003386
IDV Type: BPA
Timeline
Start Date: 2023-08-21
Current End Date: 2025-08-20
Potential End Date: 2025-08-20 00:00:00
Last Modified: 2026-03-03
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