Department of Labor awards $500K BPA Call to Verdi Consulting for VETS financial management services

Contract Overview

Contract Amount: $50,000 ($50.0K)

Contractor: Verdi Consulting Inc

Awarding Agency: Department of Labor

Start Date: 2026-04-13

End Date: 2027-04-12

Contract Duration: 364 days

Daily Burn Rate: $137/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 1

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: GRANTS FINANCIAL MANAGEMENT SERVICES FOR THE VETERANS' EMPLOYMENT AND TRAINING SERVICE (VETS).

Place of Performance

Location: FALLS CHURCH, FAIRFAX County, VIRGINIA, 22043

State: Virginia Government Spending

Plain-Language Summary

Department of Labor obligated $50,000 to VERDI CONSULTING INC for work described as: GRANTS FINANCIAL MANAGEMENT SERVICES FOR THE VETERANS' EMPLOYMENT AND TRAINING SERVICE (VETS). Key points: 1. Contract focuses on administrative management and general management consulting services. 2. Awarded via a Blanket Purchase Agreement (BPA) Call, indicating pre-competed services. 3. The contract is firm-fixed-price, providing cost certainty for the government. 4. Duration of one year with potential for renewal. 5. No small business set-aside was utilized for this award. 6. Contractor, Verdi Consulting Inc., is the sole awardee for this specific BPA Call.

Value Assessment

Rating: good

The contract value of $500,000 for a one-year period for administrative management consulting services appears reasonable. Benchmarking against similar contracts for management consulting within the federal government suggests this is within the expected range for specialized support. The firm-fixed-price structure helps control costs. However, without specific details on the scope of work and deliverables, a precise value-for-money assessment is challenging. The BPA Call mechanism implies that underlying contract vehicles were previously competed, potentially offering competitive pricing.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

This contract was awarded under a full and open competition via a BPA Call. This suggests that the underlying contract vehicle was competed broadly, and this specific call was likely competed among pre-qualified vendors or through a streamlined process. The number of bidders for the BPA Call itself is not specified, but the initial competition for the BPA likely involved multiple offerors. This approach generally promotes price discovery and ensures a competitive landscape.

Taxpayer Impact: A full and open competition, even at the BPA Call level, is beneficial for taxpayers as it drives competitive pricing and encourages a wider pool of qualified contractors to bid, potentially leading to better value.

Public Impact

The Veterans' Employment and Training Service (VETS) will benefit from improved financial management. Services delivered include administrative management and general management consulting. The geographic impact is primarily within the Department of Labor's operational areas. The contract supports the administrative functions necessary for VETS programs, indirectly benefiting veterans seeking employment services.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Potential for scope creep if the specific deliverables are not clearly defined within the BPA Call.
Reliance on a single contractor for this BPA Call may limit flexibility if needs change significantly.

Positive Signals

Firm-fixed-price contract provides cost predictability.
Award through a BPA Call suggests pre-vetted services and potentially competitive pricing.
Contract duration allows for sustained support for financial management functions.

Sector Analysis

This contract falls within the Administrative Management and General Management Consulting Services sector (NAICS 541611). This is a broad category encompassing a wide range of professional services aimed at improving organizational efficiency and effectiveness. Federal spending in this sector is substantial, with agencies frequently procuring consulting services to support program management, financial operations, and strategic planning. The market includes numerous large and small firms specializing in government contracting.

Small Business Impact

This contract was not awarded as a small business set-aside, nor does it indicate specific subcontracting requirements for small businesses. The award to Verdi Consulting Inc. does not appear to directly benefit small businesses through set-aside provisions. Further analysis would be needed to determine if Verdi Consulting Inc. has a history of subcontracting with small businesses on its federal contracts.

Oversight & Accountability

Oversight for this contract would primarily reside with the Department of Labor's contracting officers and the Office of the Assistant Secretary for Administration and Management. As a BPA Call, the underlying BPA likely has established oversight mechanisms. Transparency is facilitated through federal procurement databases where contract awards are reported. Inspector General jurisdiction would apply in cases of fraud, waste, or abuse.

Related Government Programs

Grants Financial Management Services
Veterans' Employment and Training Service (VETS) Programs
Administrative Management Consulting
General Management Consulting Services
Department of Labor Financial Operations

Risk Flags

Potential for undefined scope impacting performance.
Reliance on a single vendor for specific BPA Call.

Frequently Asked Questions

What is this federal contract paying for?

Department of Labor awarded $50,000 to VERDI CONSULTING INC. GRANTS FINANCIAL MANAGEMENT SERVICES FOR THE VETERANS' EMPLOYMENT AND TRAINING SERVICE (VETS).

Who is the contractor on this award?

The obligated recipient is VERDI CONSULTING INC.

Which agency awarded this contract?

Awarding agency: Department of Labor (Office of the Assistant Secretary for Administration and Management).

What is the total obligated amount?

The obligated amount is $50,000.

What is the period of performance?

Start: 2026-04-13. End: 2027-04-12.

What is the specific scope of work for Verdi Consulting Inc. under this BPA Call?

The provided data indicates the contract is for 'GRANTS FINANCIAL MANAGEMENT SERVICES FOR THE VETERANS' EMPLOYMENT AND TRAINING SERVICE (VETS)' and falls under NAICS code 541611 (Administrative Management and General Management Consulting Services). However, the precise deliverables, tasks, and objectives are not detailed in the summary data. Typically, such services would involve supporting VETS in managing grant finances, including budgeting, financial reporting, compliance monitoring, and potentially advising on grant program financial strategies. The firm-fixed-price nature suggests a defined scope of services for the duration of the contract.

How does the $500,000 award compare to historical spending on similar VETS financial management services?

To compare this $500,000 award, one would need to analyze historical spending data for VETS' financial management support services, specifically looking at contracts with similar scopes and durations. Without access to that granular historical data, a direct comparison is difficult. However, $500,000 for a one-year contract for specialized consulting services is a moderate amount within the federal contracting landscape. It suggests a focused engagement rather than a large-scale, multi-year program overhaul. Benchmarking against other agencies' spending on similar administrative or financial consulting services could provide a broader context.

What is Verdi Consulting Inc.'s track record with the Department of Labor and similar federal agencies?

Verdi Consulting Inc. has a track record of federal contracting, as evidenced by this award. To assess their performance, one would need to examine their contract history with the Department of Labor and other agencies. Key indicators include past performance evaluations, any contract disputes or terminations, and the types and values of previous contracts awarded. A review of the Federal Procurement Data System (FPDS) or other contract databases would reveal the extent and nature of their prior federal engagements and provide insights into their reliability and expertise in delivering services.

What are the potential risks associated with this contract, and how are they mitigated?

Potential risks include the possibility of the scope of work not being precisely defined, leading to cost overruns or unmet expectations, although the firm-fixed-price structure aims to mitigate this. Another risk is the contractor's performance not meeting the required standards, impacting VETS' financial operations. Mitigation strategies typically involve robust contract oversight by the government, clear performance metrics and deliverables, regular progress reviews, and the ability to exercise contract clauses for non-performance. The use of a BPA Call also implies some level of pre-qualification and vetting of the contractor.

How does the use of a BPA Call impact the overall cost-effectiveness and competition for these services?

A Blanket Purchase Agreement (BPA) Call is a mechanism used to streamline the procurement of commonly purchased goods or services from pre-qualified vendors. The underlying BPA is typically established through full and open competition. Using a BPA Call for this specific award means that the competition for the initial BPA likely involved multiple vendors, establishing competitive pricing. The subsequent call leverages this pre-competed framework, allowing for faster award and potentially reduced administrative costs compared to a new, standalone solicitation. This can lead to cost savings for the government and taxpayers by reducing acquisition lead times and administrative burden.

What is the significance of this contract being awarded under 'Administrative Management and General Management Consulting Services'?

Awarding this contract under NAICS code 541611 signifies that the services procured are focused on improving the efficiency and effectiveness of the VETS program's administrative and management functions, particularly concerning financial operations. This sector covers a wide range of advisory and assistance services. For VETS, this likely means engaging Verdi Consulting Inc. to provide expertise in areas such as financial process optimization, grant management systems, internal controls, budgeting, and financial reporting to ensure grants are managed effectively and compliantly, ultimately supporting the agency's mission delivery.

Industry Classification

NAICS: Professional, Scientific, and Technical Services › Management, Scientific, and Technical Consulting Services › Administrative Management and General Management Consulting Services

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

Competition & Pricing

Extent Competed: FULL AND OPEN COMPETITION

Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY

Solicitation ID: 1605C4-26-R-00002

Offers Received: 1

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 7799 LEESBURG PIKE, FALLS CHURCH, VA, 22043

Business Categories: 8(a) Program Participant, Black American Owned Business, Category Business, Corporate Entity Not Tax Exempt, Economically Disadvantaged Women Owned Small Business, Minority Owned Business, Self-Certified Small Disadvantaged Business, Small Business, Small Disadvantaged Business, Special Designations, U.S.-Owned Business, Woman Owned Business, Women Owned Small Business

Financial Breakdown

Contract Ceiling: $2,255,630

Exercised Options: $745,290

Current Obligation: $50,000

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: 1605C425A0006

IDV Type: BPA

Timeline