DHS awards $4.86M for accounting support services via full and open competition
Contract Overview
Contract Amount: $4,858,205 ($4.9M)
Contractor: Kearney & Company, P.C.
Awarding Agency: Department of Homeland Security
Start Date: 2025-04-24
End Date: 2026-06-23
Contract Duration: 425 days
Daily Burn Rate: $11.4K/day
Competition Type: FULL AND OPEN COMPETITION
Pricing Type: LABOR HOURS
Sector: Other
Official Description: ACQUISITION ALERT 25-07, SECTION 2(D) AND SECTION 4(A): THE PURPOSE OF THIS ORDER IS TO OBTAIN TECHNICAL ACCOUNTING AND AUDIT SUPPORT SERVICES FOR THE OFFICE OF FINANCIAL MANAGEMENT AND JOINT PROGRAM MANAGEMENT OFFICE.
Place of Performance
Location: SPRINGFIELD, FAIRFAX County, VIRGINIA, 22150
State: Virginia Government Spending
Plain-Language Summary
Department of Homeland Security obligated $4.9 million to KEARNEY & COMPANY, P.C. for work described as: ACQUISITION ALERT 25-07, SECTION 2(D) AND SECTION 4(A): THE PURPOSE OF THIS ORDER IS TO OBTAIN TECHNICAL ACCOUNTING AND AUDIT SUPPORT SERVICES FOR THE OFFICE OF FINANCIAL MANAGEMENT AND JOINT PROGRAM MANAGEMENT OFFICE. Key points: 1. Contract awarded to Kearney & Company, P.C. for technical accounting and audit support. 2. Spending is for the Office of Financial Management and Joint Program Management Office. 3. Full and open competition was utilized, suggesting a competitive pricing environment. 4. The contract duration is 425 days, ending June 23, 2026.
Value Assessment
Rating: good
The contract value of $4.86M for 425 days of labor hours appears reasonable given the specialized nature of accounting and audit support services. Benchmarking against similar contracts for certified public accountant services would provide further validation.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, indicating multiple bidders likely participated. This method generally promotes competitive pricing and ensures the government receives the best value.
Taxpayer Impact: Taxpayer funds are being used for essential financial management and audit support, contributing to government accountability and transparency.
Public Impact
Ensures accurate financial reporting and auditing for critical DHS offices. Supports program management by providing necessary financial oversight. Promotes accountability within the Department of Homeland Security's financial operations.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Positive Signals
- Full and open competition
- Clear statement of need
Sector Analysis
This contract falls under professional, scientific, and technical services, specifically accounting. The value is moderate for specialized support within a large federal agency like DHS.
Small Business Impact
The contract was not awarded to small businesses, as indicated by 'sb': false. This suggests larger firms with specialized expertise were better positioned to compete for this requirement.
Oversight & Accountability
The contract is managed by the Department of Homeland Security's Office of Procurement Operations, indicating established oversight mechanisms are in place.
Related Government Programs
- Offices of Certified Public Accountants
- Department of Homeland Security Contracting
- Office of Procurement Operations Programs
Tags
offices-of-certified-public-accountants, department-of-homeland-security, va, bpa-call, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Homeland Security awarded $4.9 million to KEARNEY & COMPANY, P.C.. ACQUISITION ALERT 25-07, SECTION 2(D) AND SECTION 4(A): THE PURPOSE OF THIS ORDER IS TO OBTAIN TECHNICAL ACCOUNTING AND AUDIT SUPPORT SERVICES FOR THE OFFICE OF FINANCIAL MANAGEMENT AND JOINT PROGRAM MANAGEMENT OFFICE.
Who is the contractor on this award?
The obligated recipient is KEARNEY & COMPANY, P.C..
Which agency awarded this contract?
Awarding agency: Department of Homeland Security (Office of Procurement Operations).
What is the total obligated amount?
The obligated amount is $4.9 million.
What is the period of performance?
Start: 2025-04-24. End: 2026-06-23.
What specific technical accounting and audit expertise is required that necessitates this level of expenditure?
The specific technical accounting and audit expertise required likely pertains to complex government financial regulations, compliance audits, and potentially support for specific large-scale programs managed by the Joint Program Management Office. This could include areas like forensic accounting, risk assessment, and internal control evaluations, justifying the specialized nature and cost of the services.
Are there any potential risks associated with relying on a single contractor for these critical financial functions over the contract period?
While awarded through full and open competition, relying on one contractor for critical financial functions carries inherent risks. These could include knowledge transfer challenges if the contractor's personnel change, potential for vendor lock-in, and reduced leverage for future negotiations. Robust contract management and clear deliverables are crucial to mitigate these risks.
How will the effectiveness of these accounting and audit support services be measured to ensure value for taxpayer money?
Effectiveness will likely be measured through performance metrics outlined in the contract, such as timely completion of audit reports, accuracy of financial analyses, successful resolution of audit findings, and adherence to government accounting standards. Regular performance reviews and feedback from the supported offices will also gauge the value and impact of the services provided.
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
Solicitation ID: 70RDA225Q00000146
Pricing Type: LABOR HOURS (Z)
Evaluated Preference: NONE
Contractor Details
Parent Company: E.F. Kearney, Limited
Address: 1701 DUKE ST STE 500, ALEXANDRIA, VA, 22314
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $5,198,525
Exercised Options: $4,858,205
Current Obligation: $4,858,205
Subaward Activity
Number of Subawards: 3
Total Subaward Amount: $268,860
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: 70RDA225A00000004
IDV Type: BPA
Timeline
Start Date: 2025-04-24
Current End Date: 2026-06-23
Potential End Date: 2026-06-23 00:00:00
Last Modified: 2026-01-15
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