DHS OCFO Awards $10.9M Task Order to Kearney & Company for Financial Management Support
Contract Overview
Contract Amount: $10,953,557 ($11.0M)
Contractor: Kearney & Company, P.C.
Awarding Agency: Department of Homeland Security
Start Date: 2025-09-05
End Date: 2026-09-04
Contract Duration: 364 days
Daily Burn Rate: $30.1K/day
Competition Type: FULL AND OPEN COMPETITION
Pricing Type: LABOR HOURS
Sector: Other
Official Description: THE PURPOSE OF THIS TASK ORDER IS TO OBTAIN FINANCIAL MANAGEMENT AND OPERATION SUPPORT SERVICES FOR THE OFFICE OF THE CHIEF FINANCIAL OFFICER (OCFO), FINANCIAL OPERATIONS (FO) DIVISION.
Place of Performance
Location: ALEXANDRIA, ALEXANDRIA CITY County, VIRGINIA, 22314
State: Virginia Government Spending
Plain-Language Summary
Department of Homeland Security obligated $11.0 million to KEARNEY & COMPANY, P.C. for work described as: THE PURPOSE OF THIS TASK ORDER IS TO OBTAIN FINANCIAL MANAGEMENT AND OPERATION SUPPORT SERVICES FOR THE OFFICE OF THE CHIEF FINANCIAL OFFICER (OCFO), FINANCIAL OPERATIONS (FO) DIVISION. Key points: 1. Financial management services are critical for government operations, with this contract supporting the OCFO. 2. Kearney & Company, a known entity in accounting, is the awardee. 3. The contract is a BPA Call under full and open competition, suggesting a competitive award process. 4. The sector is professional services, specifically accounting and financial consulting.
Value Assessment
Rating: good
The contract value of $10.9M over one year appears reasonable for specialized financial management support services. Benchmarking against similar government contracts for financial operations support would provide a more precise assessment.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition via a BPA Call, indicating a robust price discovery process. This method generally leads to competitive pricing.
Taxpayer Impact: Taxpayer funds are being used for essential financial operations support, aiming for efficient and accurate financial management within DHS.
Public Impact
Ensures continued financial operations and management for the Department of Homeland Security's Chief Financial Officer. Supports accurate financial reporting and accountability within a major federal agency. Provides specialized expertise in financial operations, potentially improving efficiency and compliance.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Labor Hours contract type can lead to cost overruns if not managed carefully.
- No specific small business participation noted.
Positive Signals
- Awarded under full and open competition.
- Supports critical financial operations for DHS.
Sector Analysis
This contract falls within the professional, scientific, and technical services sector, specifically accounting and bookkeeping services (NAICS 541211). Spending in this area is consistent with government needs for financial oversight and management.
Small Business Impact
The data indicates that small business participation was not a specific set-aside for this BPA Call. Further analysis would be needed to determine if small businesses were involved as subcontractors.
Oversight & Accountability
The award was made by the Department of Homeland Security's Office of Procurement Operations, suggesting established procurement processes. Oversight will be crucial to ensure performance and cost control under the labor hours contract.
Related Government Programs
- Offices of Certified Public Accountants
- Department of Homeland Security Contracting
- Office of Procurement Operations Programs
Risk Flags
- Labor Hours contract type.
- No specific small business participation noted.
- Potential for cost overruns if not managed effectively.
- Reliance on a single contractor for critical financial functions.
Tags
offices-of-certified-public-accountants, department-of-homeland-security, va, bpa-call, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Homeland Security awarded $11.0 million to KEARNEY & COMPANY, P.C.. THE PURPOSE OF THIS TASK ORDER IS TO OBTAIN FINANCIAL MANAGEMENT AND OPERATION SUPPORT SERVICES FOR THE OFFICE OF THE CHIEF FINANCIAL OFFICER (OCFO), FINANCIAL OPERATIONS (FO) DIVISION.
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 $11.0 million.
What is the period of performance?
Start: 2025-09-05. End: 2026-09-04.
What is the expected impact of Kearney & Company's support on the efficiency of DHS's financial operations?
Kearney & Company's expertise in financial management and operations support is expected to enhance the efficiency of the DHS OCFO's Financial Operations Division. This could manifest through streamlined processes, improved data accuracy, and more effective financial reporting, ultimately contributing to better resource allocation and accountability within the department.
What are the primary risks associated with this labor hours contract, and how can they be mitigated?
The primary risk with labor hours contracts is potential cost escalation due to undefined scope or inefficient contractor performance. Mitigation strategies include robust performance monitoring, clear task definitions, regular progress reviews, and strong contract management to ensure efficient labor utilization and adherence to budget.
How does this contract contribute to the overall effectiveness of DHS's financial accountability?
This contract directly contributes to DHS's financial accountability by providing essential support for its financial operations. By ensuring accurate financial management, reporting, and compliance, it bolsters the integrity of the department's financial stewardship and supports informed decision-making by leadership and oversight bodies.
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: 70RDA225Q00000125
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: $19,568,712
Exercised Options: $16,251,639
Current Obligation: $10,953,557
Subaward Activity
Number of Subawards: 2
Total Subaward Amount: $193,617
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: 70RDA225A00000004
IDV Type: BPA
Timeline
Start Date: 2025-09-05
Current End Date: 2026-09-04
Potential End Date: 2027-03-04 00:00:00
Last Modified: 2025-09-29
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