DOE Awards $6.5M IT Budget Support to Grant Thornton LLP via Full and Open Competition
Contract Overview
Contract Amount: $6,551,169 ($6.6M)
Contractor: Grant Thornton LLP
Awarding Agency: Department of Energy
Start Date: 2022-10-01
End Date: 2026-09-30
Contract Duration: 1,460 days
Daily Burn Rate: $4.5K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 1
Pricing Type: TIME AND MATERIALS
Sector: IT
Official Description: THE PURPOSE OF THIS AWARD IS FOR OCIO IT BUDGET PLANNING, FORMULATION, EXECUTION AND PERFORMANCE MANAGEMENT SUPPORT SERVICES.
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20585
Plain-Language Summary
Department of Energy obligated $6.6 million to GRANT THORNTON LLP for work described as: THE PURPOSE OF THIS AWARD IS FOR OCIO IT BUDGET PLANNING, FORMULATION, EXECUTION AND PERFORMANCE MANAGEMENT SUPPORT SERVICES. Key points: 1. The contract focuses on critical IT budget planning and execution. 2. Grant Thornton LLP, a large firm, secured the award. 3. Full and open competition was utilized, suggesting a competitive bidding process. 4. The contract duration is four years, ending in September 2026.
Value Assessment
Rating: fair
The award amount of $6.55 million over four years for IT budget support services appears reasonable, but without specific benchmarks for similar consulting engagements, a precise value assessment is difficult. The Time and Materials contract type can lead to cost overruns if not closely managed.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded through full and open competition, indicating that multiple vendors had the opportunity to bid. This method generally promotes competitive pricing and allows the agency to select the best value offer.
Taxpayer Impact: The use of full and open competition aims to ensure taxpayer funds are used efficiently by fostering a competitive environment among potential contractors.
Public Impact
Ensures efficient IT budget management within the Department of Energy. Supports strategic planning for technology investments. Impacts the operational effectiveness of DOE's IT infrastructure. Provides continuity in essential administrative and management consulting services.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Time and Materials contract type can lead to cost uncertainty.
- Lack of specific performance metrics in provided data.
- Potential for scope creep without strict oversight.
Positive Signals
- Awarded via full and open competition.
- Long-term contract provides stability for essential services.
- Experienced contractor in Grant Thornton LLP.
Sector Analysis
This contract falls under administrative management and general management consulting services, specifically focusing on IT budget functions. Benchmarks for IT consulting services vary widely, but this award appears to be within a typical range for specialized support over a multi-year period.
Small Business Impact
The contract was not set aside for small businesses, and the awardee, Grant Thornton LLP, is a large business. This indicates that small businesses were likely not primary participants in this specific procurement, though they may be subcontractors.
Oversight & Accountability
The contract's success will depend on robust oversight from the Department of Energy to manage the Time and Materials aspects and ensure the services align with IT budget planning and execution goals.
Related Government Programs
- Administrative Management and General Management Consulting Services
- Department of Energy Contracting
- Department of Energy Programs
Risk Flags
- Time and Materials contract type.
- Potential for scope creep.
- Lack of specific performance metrics in summary data.
- Large business awardee, not set aside for small business.
Tags
administrative-management-and-general-ma, department-of-energy, dc, bpa-call, 1m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Energy awarded $6.6 million to GRANT THORNTON LLP. THE PURPOSE OF THIS AWARD IS FOR OCIO IT BUDGET PLANNING, FORMULATION, EXECUTION AND PERFORMANCE MANAGEMENT SUPPORT SERVICES.
Who is the contractor on this award?
The obligated recipient is GRANT THORNTON LLP.
Which agency awarded this contract?
Awarding agency: Department of Energy (Department of Energy).
What is the total obligated amount?
The obligated amount is $6.6 million.
What is the period of performance?
Start: 2022-10-01. End: 2026-09-30.
What specific performance metrics will be used to evaluate Grant Thornton's effectiveness in IT budget planning, formulation, execution, and performance management?
The provided data does not specify the performance metrics. Effective evaluation would require clearly defined Key Performance Indicators (KPIs) tied to budget accuracy, adherence to timelines, successful execution of IT initiatives, and demonstrable improvements in performance management reporting. These metrics should be detailed in the contract's Statement of Work.
What is the potential risk of cost overruns given the Time and Materials contract type for these IT budget support services?
The Time and Materials (T&M) contract type carries inherent risk of cost overruns if not managed diligently. Without a ceiling or strict controls on labor hours and rates, the total cost can escalate beyond initial estimates. Robust oversight, detailed task orders, and regular reviews are crucial to mitigate this risk and ensure costs remain within the allocated budget.
How will the effectiveness of these IT budget support services be measured in terms of improving the Department of Energy's overall IT financial management?
Effectiveness can be measured by tracking improvements in budget forecasting accuracy, reduction in budget variances, timely execution of IT projects within allocated funds, and enhanced reporting capabilities. Success would be demonstrated by the contractor's ability to provide actionable insights that lead to more strategic IT investments and optimized resource allocation across the agency.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Management, Scientific, and Technical Consulting Services › Administrative Management and General Management Consulting Services
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › PROFESSIONAL SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Solicitation ID: 89303022QIM000031
Offers Received: 1
Pricing Type: TIME AND MATERIALS (Y)
Evaluated Preference: NONE
Contractor Details
Address: 1000 WILSON BLVD STE 1400, ARLINGTON, VA, 22209
Business Categories: Category Business, Not Designated a Small Business, Partnership or Limited Liability Partnership, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $9,213,171
Exercised Options: $7,319,478
Current Obligation: $6,551,169
Actual Outlays: $5,302,997
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: 89303018ACF000003
IDV Type: BPA
Timeline
Start Date: 2022-10-01
Current End Date: 2026-09-30
Potential End Date: 2027-09-30 00:00:00
Last Modified: 2026-04-02
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