USSOCOM's $23.7M Auditability Support Contract Awarded to Guidehouse Inc

Contract Overview

Contract Amount: $23,773,550 ($23.8M)

Contractor: Guidehouse Inc.

Awarding Agency: General Services Administration

Start Date: 2021-01-28

End Date: 2026-06-26

Contract Duration: 1,975 days

Daily Burn Rate: $12.0K/day

Competition Type: FULL AND OPEN COMPETITION

Number of Offers Received: 2

Pricing Type: FIRM FIXED PRICE

Sector: Other

Official Description: USSOCOM, SOFM AND SOF ATL FINANCIAL STATEMENTS AUDITABILITY SUPPORT

Place of Performance

Location: TAMPA, HILLSBOROUGH County, FLORIDA, 33621

State: Florida Government Spending

Plain-Language Summary

General Services Administration obligated $23.8 million to GUIDEHOUSE INC. for work described as: USSOCOM, SOFM AND SOF ATL FINANCIAL STATEMENTS AUDITABILITY SUPPORT Key points: 1. Contract awarded to Guidehouse Inc. for financial statement auditability support. 2. Significant contract value of $23.7 million over its period of performance. 3. Competition method was 'Full and Open', suggesting broad market participation. 4. The sector is 'Other Accounting Services', crucial for financial integrity.

Value Assessment

Rating: fair

The contract's pricing is based on a Firm Fixed Price (FFP) award, which is generally favorable for cost control. However, without specific per-unit data or comparison to similar contracts for auditability support, a definitive value assessment is challenging.

Cost Per Unit: N/A

Competition Analysis

Competition Level: full-and-open

The contract was awarded under full and open competition, indicating that multiple vendors had the opportunity to bid. This method typically fosters competitive pricing and allows the government to select the best value offering.

Taxpayer Impact: The use of full and open competition aims to ensure taxpayer funds are used efficiently by securing competitive pricing for essential accounting services.

Public Impact

Ensures financial accountability and transparency for USSOCOM operations. Supports the integrity of federal financial reporting. Potential impact on the efficiency and effectiveness of audit processes.

Waste & Efficiency Indicators

Waste Risk Score: 50 / 10

Warning Flags

Lack of detailed cost breakdown for auditability support.
Potential for scope creep in auditability requirements over the contract duration.

Positive Signals

Awarded under full and open competition.
Firm Fixed Price contract type provides cost certainty.

Sector Analysis

This contract falls under 'Other Accounting Services', a broad category supporting federal agencies' financial management and compliance. Spending in this sector is critical for maintaining fiscal responsibility and transparency, with benchmarks varying widely based on agency size and complexity.

Small Business Impact

The contract was awarded under full and open competition and does not indicate any specific set-aside for small businesses. Therefore, the direct impact on small businesses is likely limited unless they were subcontractors to the prime awardee.

Oversight & Accountability

The General Services Administration (GSA) through its Federal Acquisition Service managed this award. Oversight would involve monitoring Guidehouse Inc.'s performance against contract requirements and ensuring adherence to the FFP terms.

Related Government Programs

Other Accounting Services
General Services Administration Contracting
Federal Acquisition Service Programs

Risk Flags

Contract duration is substantial (nearly 5 years).
No specific performance metrics or KPIs are detailed in the provided data.
Potential for contractor lock-in due to specialized nature of auditability support.
Reliance on a single contractor for critical financial auditability support.

Frequently Asked Questions

What is this federal contract paying for?

General Services Administration awarded $23.8 million to GUIDEHOUSE INC.. USSOCOM, SOFM AND SOF ATL FINANCIAL STATEMENTS AUDITABILITY SUPPORT

Who is the contractor on this award?

The obligated recipient is GUIDEHOUSE INC..

Which agency awarded this contract?

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

What is the total obligated amount?

The obligated amount is $23.8 million.

What is the period of performance?

Start: 2021-01-28. End: 2026-06-26.

What specific auditability challenges does USSOCOM face that necessitate this contract?

USSOCOM, like many large defense organizations, faces complex financial reporting requirements and the need to ensure auditability of its financial statements. This contract likely addresses specific gaps or needs in internal controls, data management, or financial system readiness to meet stringent audit standards and regulatory compliance.

How does the firm fixed price structure mitigate risks for the government in this service contract?

A Firm Fixed Price (FFP) contract establishes a ceiling on the total cost the government will pay, regardless of the contractor's actual costs. This shifts the risk of cost overruns to the contractor, incentivizing efficiency and predictability in service delivery. For the government, it provides budget certainty and simplifies financial management.

What is the expected impact of this contract on USSOCOM's overall financial reporting effectiveness?

This contract is expected to significantly enhance USSOCOM's financial reporting effectiveness by providing specialized expertise to ensure financial statements are auditable. Successful execution should lead to improved accuracy, compliance with federal accounting standards, and greater confidence in the agency's financial stewardship, potentially reducing future audit findings.

Industry Classification

NAICS: Professional, Scientific, and Technical Services › Accounting, Tax Preparation, Bookkeeping, and Payroll Services › Other Accounting 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: 47QFSA20K0113

Offers Received: 2

Pricing Type: FIRM FIXED PRICE (J)

Evaluated Preference: NONE

Contractor Details

Parent Company: Peraton Technology Services Inc.

Address: 1676 INTERNATIONAL DR STE 800, MC LEAN, VA, 22102

Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business

Financial Breakdown

Contract Ceiling: $37,063,549

Exercised Options: $25,230,181

Current Obligation: $23,773,550

Contract Characteristics

Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED

Cost or Pricing Data: NO

Parent Contract

Parent Award PIID: GS00Q14OADU216

IDV Type: IDC

Timeline