GSA awards $2.26M contract for accounting services to Williams, Adley & Company LLP

Contract Overview

Contract Amount: $2,259,875 ($2.3M)

Contractor: Williams, Adley & Company DC LLP

Awarding Agency: General Services Administration

Start Date: 2023-09-28

End Date: 2026-09-27

Contract Duration: 1,095 days

Daily Burn Rate: $2.1K/day

Competition Type: COMPETED UNDER SAP

Number of Offers Received: 5

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: GNMA CONTRACTOR ASSESSMENT REVIEWS ORDER 2

Place of Performance

Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20024

State: District of Columbia Government Spending

Plain-Language Summary

General Services Administration obligated $2.3 million to WILLIAMS, ADLEY & COMPANY DC LLP for work described as: GNMA CONTRACTOR ASSESSMENT REVIEWS ORDER 2 Key points: 1. Contract awarded for accounting services, indicating a need for financial expertise within the agency. 2. The contract was competed under SAP, suggesting a streamlined procurement process for this service. 3. The duration of the contract is 1095 days, providing a stable period for service delivery. 4. The contract type is Firm Fixed Price, which offers cost certainty for the government. 5. The award was made to a single contractor, Williams, Adley & Company LLP. 6. The service falls under the Offices of Certified Public Accountants NAICS code. 7. The contract is for services in the District of Columbia. 8. The contract was awarded as a BPA Call, indicating it's part of a larger agreement.

Value Assessment

Rating: good

The contract value of $2.26 million over three years for accounting services appears reasonable for a firm fixed-price agreement. Benchmarking against similar contracts for CPA services to federal agencies would provide a more precise value-for-money assessment. However, given the competitive nature implied by 'COMPETED UNDER SAP,' the pricing is likely within an acceptable range. The fixed-price nature mitigates cost overrun risks for the government.

Cost Per Unit: N/A

Competition Analysis

Competition Level: limited

The contract was competed under SAP (Simplified Acquisition Procedures), which typically involves a less extensive competition than full and open procedures. While the exact number of bidders is not specified, 'COMPETED UNDER SAP' suggests that multiple offers were likely solicited, but perhaps not as broadly as for larger procurements. This level of competition aims to balance efficiency with fair pricing.

Taxpayer Impact: Competition under SAP generally allows for reasonable price discovery, but may not always yield the absolute lowest price achievable through a wider, more formal solicitation process. Taxpayers benefit from a balance of efficiency and competitive pricing.

Public Impact

The General Services Administration (GSA) benefits from specialized accounting and auditing services. The contract supports the agency's financial management and compliance functions. Services are delivered within the District of Columbia, impacting the local federal workforce. The contract supports the accounting and auditing sector by engaging a certified public accounting firm.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Limited competition under SAP may not always yield the most cost-effective outcome compared to full and open competition.
The specific scope of work and deliverables are not detailed, making it difficult to fully assess performance risks.
Reliance on a single contractor for a critical function like accounting requires robust oversight.

Positive Signals

Firm Fixed Price contract type provides cost certainty and reduces the risk of cost overruns for the government.
The contract duration of three years offers stability and allows the contractor to develop institutional knowledge.
Awarding to a specialized firm (Offices of Certified Public Accountants) suggests expertise in the required services.

Sector Analysis

This contract falls within the professional services sector, specifically accounting, auditing, and tax preparation. The market for these services to the federal government is robust, with numerous firms capable of providing such expertise. The GSA, as a major procurement and service provider for the federal government, frequently procures these types of services. Spending on professional services by federal agencies is substantial, and contracts like this are common for ensuring financial integrity and operational efficiency.

Small Business Impact

The data indicates this contract was not set aside for small businesses (ss: false, sb: false). Therefore, the primary contractor is likely a larger entity. There is no explicit information regarding subcontracting plans for small businesses. The impact on the small business ecosystem would be minimal unless subcontracting opportunities are pursued.

Oversight & Accountability

Oversight for this contract would typically be managed by the GSA's Federal Acquisition Service, which awarded the contract. Accountability measures are inherent in the Firm Fixed Price contract type, requiring the contractor to deliver specified services within the agreed-upon price. Transparency is facilitated by contract award databases, though detailed performance metrics are often internal. Inspector General jurisdiction would apply in cases of fraud, waste, or abuse.

Related Government Programs

GSA Financial Management Services
Federal Audit Services
Government Accounting Standards Board (GASB) Compliance Support
Office of Management and Budget (OMB) Financial Reporting

Risk Flags

Potential for limited competition under SAP
Lack of detailed performance metrics in award summary
Contract duration may outpace evolving agency needs if not managed proactively

Frequently Asked Questions

What is this federal contract paying for?

General Services Administration awarded $2.3 million to WILLIAMS, ADLEY & COMPANY DC LLP. GNMA CONTRACTOR ASSESSMENT REVIEWS ORDER 2

Who is the contractor on this award?

The obligated recipient is WILLIAMS, ADLEY & COMPANY DC LLP.

Which agency awarded this contract?

Awarding agency: General Services Administration (Federal Acquisition Service).

What is the total obligated amount?

The obligated amount is $2.3 million.

What is the period of performance?

Start: 2023-09-28. End: 2026-09-27.

What is the track record of Williams, Adley & Company LLP with federal contracts?

Williams, Adley & Company LLP has a history of performing federal contracts, primarily within the accounting and auditing domain. While specific details on past performance metrics for this particular BPA Call are not publicly available in this summary, their engagement by the GSA suggests they meet the necessary qualifications and have a satisfactory record. Federal agencies often rely on past performance evaluations during the procurement process. A deeper dive into contract databases like SAM.gov or FPDS would reveal more granular details about their previous federal awards, including agencies served, contract values, and any reported performance issues or commendations. Their specialization in accounting services (NAICS 541211) indicates a focused expertise relevant to this award.

How does the value of this contract compare to similar accounting service contracts awarded by the GSA?

The contract value of $2.26 million over three years, averaging approximately $753,000 per year, is within a typical range for federal accounting and auditing services, especially for a firm fixed-price contract. The GSA procures a wide array of professional services, and accounting support is a recurring need. Without specific details on the exact services rendered (e.g., audit, tax, financial advisory, specific system implementation support), a direct comparison is challenging. However, considering the NAICS code 541211 (Offices of Certified Public Accountants) and the location (District of Columbia), this value appears commensurate with market rates for specialized professional services to a large federal agency. Contracts for similar scope and duration can range from several hundred thousand to several million dollars annually, depending on complexity and agency size.

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

Key risks include potential scope creep if the defined services are not precise, contractor performance issues (quality or timeliness), and potential cost overruns if the fixed-price model is misaligned with actual effort. Mitigation strategies include clear contract language defining deliverables and performance standards, regular progress reviews by GSA contracting officers, and the inherent incentive of the firm fixed-price structure for the contractor to manage costs efficiently. The contractor's specialization and the competitive bidding process (even under SAP) also serve as risk mitigators, suggesting a capable and reasonably priced provider. The three-year duration allows for building rapport and understanding, potentially reducing risks related to miscommunication over time.

How effective is the competition level (competed under SAP) in ensuring value for taxpayers?

Competition under Simplified Acquisition Procedures (SAP) aims to balance efficiency with fair pricing for contracts valued below the federal procurement threshold (currently $250,000, though SAP can extend higher for certain categories). While SAP allows for multiple offers, it typically involves a less formal and potentially narrower solicitation process than full and open competition. This means that while taxpayers likely benefit from a competitive price, it may not be the absolute lowest price achievable if the market were fully explored. The effectiveness hinges on the number of qualified bidders solicited and the clarity of the solicitation requirements. For a $2.26 million contract, ensuring robust participation within the SAP framework is crucial for maximizing taxpayer value.

What are the historical spending patterns for similar accounting services at the GSA?

The General Services Administration (GSA) consistently spends significant amounts on professional services, including accounting, auditing, and financial consulting, to support its vast operations. Historical data indicates a steady demand for these services across various administrations within the GSA. Spending often fluctuates based on specific agency needs, such as system modernizations, audit readiness initiatives, or changes in regulatory requirements. Contracts for accounting services are frequently awarded on a competitive basis, often using GSA's Multiple Award Schedules (MAS) or through other competitive procedures like SAP or full and open solicitations. The total annual spending on such services can run into the tens or hundreds of millions of dollars, reflecting the scale of the GSA's mission.

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: COMPETED UNDER SAP

Solicitation Procedures: SIMPLIFIED ACQUISITION

Solicitation ID: 47QFDA23Q0036

Offers Received: 5

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Address: 1030 15TH STREET, NW, SUITE 350 WEST, WASHINGTON, DC, 20005

Business Categories: Black American Owned Business, Category Business, Minority Owned Business, Partnership or Limited Liability Partnership, Self-Certified Small Disadvantaged Business, Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $2,459,875

Exercised Options: $2,459,875

Current Obligation: $2,259,875

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES

Parent Contract

Parent Award PIID: 47QFDA21A0002

IDV Type: BPA

Timeline