HUD awards $2.86M for Financial, Program Management & Training Support to Ernst & Young LLP
Contract Overview
Contract Amount: $2,857,831 ($2.9M)
Contractor: Ernst & Young LLP
Awarding Agency: Department of Housing and Urban Development
Start Date: 2025-09-24
End Date: 2026-09-28
Contract Duration: 369 days
Daily Burn Rate: $7.7K/day
Competition Type: FULL AND OPEN COMPETITION
Pricing Type: LABOR HOURS
Sector: Other
Official Description: FINANCIAL, PROGRAM AND PROJECT MANAGEMENT AND TRAINING SUPPORT SERVICES
Place of Performance
Location: NEW YORK, NEW YORK County, NEW YORK, 10001
State: New York Government Spending
Plain-Language Summary
Department of Housing and Urban Development obligated $2.9 million to ERNST & YOUNG LLP for work described as: FINANCIAL, PROGRAM AND PROJECT MANAGEMENT AND TRAINING SUPPORT SERVICES Key points: 1. Contract awarded via BPA Call under full and open competition. 2. Ernst & Young LLP, a large business, secured the contract. 3. The contract focuses on financial, program, and project management support. 4. Spending is concentrated within the financial management and accounting services sector.
Value Assessment
Rating: good
The contract value of $2.86M over approximately one year appears reasonable for specialized financial and program management support services. Benchmarking against similar large-scale consulting contracts 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 using a BPA Call, indicating a competitive bidding process. This method generally promotes price discovery and ensures fair market value.
Taxpayer Impact: The competitive award process suggests that taxpayer funds are being used efficiently for essential support services.
Public Impact
Ensures efficient financial and program management for HUD initiatives. Supports critical training for HUD personnel in program execution. Leverages expertise from a major professional services firm.
Waste & Efficiency Indicators
Waste Risk Score: 77 / 10
Warning Flags
- Potential for scope creep in management support services.
- Reliance on a single large vendor for critical functions.
Positive Signals
- Clear focus on essential financial and program management.
- Awarded through a competitive process.
- Supports agency operational effectiveness.
Sector Analysis
This contract falls within the professional services sector, specifically financial, program, and project management. Spending benchmarks for similar government-wide contracts indicate that this award is within a typical range for specialized support.
Small Business Impact
The contract was awarded to a large business (Ernst & Young LLP) and does not indicate any specific small business set-aside or subcontracting goals. Therefore, the direct impact on small businesses appears minimal.
Oversight & Accountability
The contract is managed by the Department of Housing and Urban Development, which is responsible for oversight. The use of a BPA Call suggests established procurement vehicles are being utilized, implying some level of pre-vetting.
Related Government Programs
- Offices of Certified Public Accountants
- Department of Housing and Urban Development Contracting
- Department of Housing and Urban Development Programs
Risk Flags
- Contract duration is relatively short, potentially limiting long-term impact.
- No explicit small business participation noted.
- Potential for cost overruns if scope is not tightly managed.
- Reliance on a single large vendor for critical support functions.
Tags
offices-of-certified-public-accountants, department-of-housing-and-urban-developm, ny, bpa-call, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Housing and Urban Development awarded $2.9 million to ERNST & YOUNG LLP. FINANCIAL, PROGRAM AND PROJECT MANAGEMENT AND TRAINING SUPPORT SERVICES
Who is the contractor on this award?
The obligated recipient is ERNST & YOUNG LLP.
Which agency awarded this contract?
Awarding agency: Department of Housing and Urban Development (Department of Housing and Urban Development).
What is the total obligated amount?
The obligated amount is $2.9 million.
What is the period of performance?
Start: 2025-09-24. End: 2026-09-28.
What specific metrics will be used to evaluate the effectiveness of the financial and program management support provided by Ernst & Young LLP?
The contract should define clear performance standards and key performance indicators (KPIs) to measure the effectiveness of the support. These might include timely financial reporting, successful project milestone completion, adherence to budget, and positive feedback from HUD program managers on the quality and utility of the training provided.
What is the potential risk of vendor lock-in or over-reliance on Ernst & Young LLP for these critical support functions?
The risk of vendor lock-in is moderate given the contract duration and specialized nature of the services. HUD should ensure clear deliverables and transition plans are in place. Regular performance reviews and market analysis can mitigate over-reliance and ensure continued competitive pricing for future needs.
How does this contract contribute to HUD's overall mission effectiveness and taxpayer value?
This contract directly supports HUD's mission by ensuring efficient management of its programs and finances, which are crucial for delivering housing and community development services. By leveraging expert support, HUD can optimize resource allocation, improve project outcomes, and enhance the effectiveness of its operations, ultimately delivering better value to taxpayers.
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: 86614325Q00012
Pricing Type: LABOR HOURS (Z)
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: $4,802,753
Exercised Options: $2,857,831
Current Obligation: $2,857,831
Actual Outlays: $645,215
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: 86615124A00001
IDV Type: BPA
Timeline
Start Date: 2025-09-24
Current End Date: 2026-09-28
Potential End Date: 2027-09-28 00:00:00
Last Modified: 2026-02-05
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