FCC Awards $28M Contract to Ernst & Young for Supply Chain Reimbursement Administration
Contract Overview
Contract Amount: $27,991,722 ($28.0M)
Contractor: Ernst & Young LLP
Awarding Agency: Federal Communications Commission
Start Date: 2024-05-03
End Date: 2027-05-02
Contract Duration: 1,094 days
Daily Burn Rate: $25.6K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 1
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: SUPPLY CHAIN FUNDS REIMBURSEMENT ADMINISTRATOR
Place of Performance
Location: NEW YORK, NEW YORK County, NEW YORK, 10001
State: New York Government Spending
Plain-Language Summary
Federal Communications Commission obligated $28.0 million to ERNST & YOUNG LLP for work described as: SUPPLY CHAIN FUNDS REIMBURSEMENT ADMINISTRATOR Key points: 1. Contract awarded to a single, well-known firm, Ernst & Young LLP. 2. The contract is for supply chain funds reimbursement administration. 3. The award value is approximately $28 million over a 3-year period. 4. This falls under the Offices of Certified Public Accountants NAICS code. 5. The contract was awarded via full and open competition.
Value Assessment
Rating: good
The contract value of $27.99 million over three years appears reasonable for specialized administrative services. Benchmarking against similar large-scale administrative support contracts would provide further validation.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded through full and open competition, suggesting a robust price discovery process. The use of a firm-fixed-price contract type aims to control costs for the government.
Taxpayer Impact: The competitive award process is designed to ensure taxpayer funds are used efficiently for essential administrative functions.
Public Impact
Ensures efficient administration of supply chain reimbursement funds. Supports the Federal Communications Commission's operational needs. Leverages expertise of a major accounting and consulting firm.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Potential for vendor lock-in if performance is exceptional.
- Reliance on a single large firm for critical administrative tasks.
Positive Signals
- Awarded through full and open competition.
- Firm-fixed-price contract type.
- Experienced contractor selected.
Sector Analysis
This contract falls within the professional services sector, specifically accounting and administrative support. The value is moderate for a federal contract of this nature, with benchmarks varying widely based on scope.
Small Business Impact
The contract was awarded to Ernst & Young LLP, a large business. There is no indication of small business participation in this specific award, which is common for large, specialized contracts.
Oversight & Accountability
The Federal Communications Commission is responsible for overseeing this contract. Standard oversight mechanisms for federal contracts, including performance reviews and financial audits, should be in place.
Related Government Programs
- Offices of Certified Public Accountants
- Federal Communications Commission Contracting
- Federal Communications Commission Programs
Risk Flags
- Potential for cost overruns if scope expands.
- Dependence on a single large contractor.
- Risk of administrative errors impacting fund distribution.
- Cybersecurity risks associated with handling financial data.
Tags
offices-of-certified-public-accountants, federal-communications-commission, ny, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Federal Communications Commission awarded $28.0 million to ERNST & YOUNG LLP. SUPPLY CHAIN FUNDS REIMBURSEMENT ADMINISTRATOR
Who is the contractor on this award?
The obligated recipient is ERNST & YOUNG LLP.
Which agency awarded this contract?
Awarding agency: Federal Communications Commission (Federal Communications Commission).
What is the total obligated amount?
The obligated amount is $28.0 million.
What is the period of performance?
Start: 2024-05-03. End: 2027-05-02.
What specific supply chain functions does this reimbursement administrator support?
This contract likely supports the administration of funds related to supply chain disruptions or resilience initiatives. It could involve processing reimbursement claims, verifying eligibility, managing documentation, and ensuring compliance with program guidelines. The specific nature of the supply chain would dictate the exact functions.
What are the key performance indicators (KPIs) for Ernst & Young in managing these reimbursements?
Key performance indicators would likely focus on efficiency, accuracy, and timeliness of reimbursement processing. This could include metrics such as average claim processing time, error rates in claim adjudication, adherence to budget, and overall client satisfaction from beneficiaries. Compliance with FCC regulations would also be paramount.
How does the FCC ensure fair and equitable distribution of reimbursements under this contract?
The FCC ensures fair distribution through clearly defined eligibility criteria and program rules, which the administrator must follow. Oversight includes regular performance reviews of the administrator, potential audits of the reimbursement process, and mechanisms for appeals or grievances from applicants. Transparency in the process is also crucial.
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) › MANAGEMENT SUPPORT SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Offers Received: 1
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: $27,991,722
Exercised Options: $27,991,722
Current Obligation: $27,991,722
Actual Outlays: $16,754,209
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: 47QRAD19DU201
IDV Type: IDC
Timeline
Start Date: 2024-05-03
Current End Date: 2027-05-02
Potential End Date: 2027-05-02 00:00:00
Last Modified: 2026-03-11
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