HUD Awards $23.87M for Accounting Services to Williams, Adley & Company LLP
Contract Overview
Contract Amount: $23,870,357 ($23.9M)
Contractor: Williams, Adley & Company DC LLP
Awarding Agency: Department of Housing and Urban Development
Start Date: 2022-04-27
End Date: 2027-04-26
Contract Duration: 1,825 days
Daily Burn Rate: $13.1K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 1
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: ACCOUNTING AND FINANCIAL OPERATIONS SERVICES (AFOS)
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20410
Plain-Language Summary
Department of Housing and Urban Development obligated $23.9 million to WILLIAMS, ADLEY & COMPANY DC LLP for work described as: ACCOUNTING AND FINANCIAL OPERATIONS SERVICES (AFOS) Key points: 1. Contract awarded for essential accounting and financial operations support. 2. Williams, Adley & Company LLP is the sole awardee. 3. The contract spans five years, indicating a need for sustained services. 4. The NAICS code 541211 points to certified public accounting services.
Value Assessment
Rating: good
The contract value of $23.87M over five years suggests a reasonable price for comprehensive accounting and financial operations services. Benchmarking against similar large-scale government contracts for professional accounting services would provide further context.
Cost Per Unit: $4,380 per day (approximate)
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 competitive process generally leads to better price discovery and value for the government.
Taxpayer Impact: Taxpayer funds are being used efficiently through a competitive bidding process for essential financial services.
Public Impact
Ensures continued financial integrity and operational efficiency within HUD. Supports critical accounting functions, including audits and financial reporting. Provides specialized expertise in public sector financial management.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Potential for vendor lock-in if performance is consistently high.
- Reliance on a single firm for critical financial operations.
Positive Signals
- Awarded through full and open competition.
- Firm Fixed Price contract type controls costs.
- Long-term contract provides stability for essential services.
Sector Analysis
This contract falls within the professional services sector, specifically accounting and auditing. Government spending in this area is crucial for maintaining financial accountability and compliance across agencies. Benchmarks for similar contracts vary widely based on scope and duration.
Small Business Impact
The data does not indicate any specific set-asides for small businesses. The award went to a single firm, Williams, Adley & Company LLP, which may or may not be classified as a small business. Further investigation would be needed to determine small business participation.
Oversight & Accountability
The contract is managed by the Department of Housing and Urban Development. Oversight would involve monitoring performance, ensuring compliance with contract terms, and verifying that services meet established standards and objectives.
Related Government Programs
- Offices of Certified Public Accountants
- Department of Housing and Urban Development Contracting
- Department of Housing and Urban Development Programs
Risk Flags
- Potential for over-reliance on a single vendor.
- Contract duration may exceed the need for specific services.
- Lack of explicit small business participation noted.
- Performance metrics and oversight effectiveness are not detailed.
Tags
offices-of-certified-public-accountants, department-of-housing-and-urban-developm, dc, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Housing and Urban Development awarded $23.9 million to WILLIAMS, ADLEY & COMPANY DC LLP. ACCOUNTING AND FINANCIAL OPERATIONS SERVICES (AFOS)
Who is the contractor on this award?
The obligated recipient is WILLIAMS, ADLEY & COMPANY DC 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 $23.9 million.
What is the period of performance?
Start: 2022-04-27. End: 2027-04-26.
What is the specific scope of 'Accounting and Financial Operations Services' covered by this contract?
The specific scope likely includes a broad range of services such as general ledger accounting, accounts payable/receivable processing, financial statement preparation, internal control assessments, audit support, and potentially budget formulation and execution assistance. Detailed requirements would be outlined in the contract's Statement of Work (SOW).
How does the awarded price compare to industry benchmarks for similar government accounting contracts?
Without specific details on the service level and deliverables, a precise benchmark is difficult. However, the daily rate of approximately $4,380 suggests a significant investment, typical for specialized professional services supporting a large agency like HUD. A comparative analysis with other federal contracts for similar scope and duration would be necessary for a definitive assessment.
What mechanisms are in place to ensure the effectiveness and efficiency of the services provided by Williams, Adley & Company LLP?
Effectiveness and efficiency are typically ensured through performance metrics defined in the contract, regular progress reviews, and the agency's contract officer's representative (COR) who monitors deliverables. The Firm Fixed Price structure incentivizes the contractor to perform efficiently to maintain profitability, while the agency retains the right to assess performance and address any deficiencies.
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: 86615721Q00008
Offers Received: 1
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 1016 16TH ST NW STE 400, WASHINGTON, DC, 20036
Business Categories: Black American Owned Business, Category Business, Minority Owned Business, Partnership or Limited Liability Partnership, Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $25,379,565
Exercised Options: $25,379,565
Current Obligation: $23,870,357
Actual Outlays: $13,191,282
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: GS00F013DA
IDV Type: FSS
Timeline
Start Date: 2022-04-27
Current End Date: 2027-04-26
Potential End Date: 2027-04-26 00:00:00
Last Modified: 2026-03-27
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