Department of Energy awards $3M BPA Call to Kearney & Company for financial and strategic management support
Contract Overview
Contract Amount: $3,009,777 ($3.0M)
Contractor: Kearney & Company, P.C.
Awarding Agency: Department of Energy
Start Date: 2024-05-01
End Date: 2027-04-30
Contract Duration: 1,094 days
Daily Burn Rate: $2.8K/day
Competition Type: FULL AND OPEN COMPETITION
Pricing Type: TIME AND MATERIALS
Sector: Other
Official Description: REQUISITION TO OBLIGATE FUNDS FOR A NEW BPA FINANCIAL AND STRATEGIC MANAGEMENT SUPPORT SERVICES CALL, FOR THE PAYMENT SERVICES AND OCFO INTERNAL CONTROL AND DOES INTERNAL CONTROL AND ERM APPLICATION SUPPORT SERVICES.
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20585
Plain-Language Summary
Department of Energy obligated $3.0 million to KEARNEY & COMPANY, P.C. for work described as: REQUISITION TO OBLIGATE FUNDS FOR A NEW BPA FINANCIAL AND STRATEGIC MANAGEMENT SUPPORT SERVICES CALL, FOR THE PAYMENT SERVICES AND OCFO INTERNAL CONTROL AND DOES INTERNAL CONTROL AND ERM APPLICATION SUPPORT SERVICES. Key points: 1. Contract focuses on critical financial operations and internal controls. 2. Kearney & Company, P.C. is the selected contractor. 3. The award is a BPA Call, indicating a pre-competed agreement. 4. Services include payment, internal control, and enterprise risk management application support. 5. The contract duration extends over three years. 6. This award falls under accounting and bookkeeping services.
Value Assessment
Rating: good
The contract value of $3,009,777 for three years of financial and strategic management support appears reasonable given the specialized nature of the services. Benchmarking against similar contracts for accounting and financial advisory services at the Department of Energy or other federal agencies would provide a more precise value-for-money assessment. However, the use of a BPA Call suggests that some level of pre-competition and pricing review has already occurred, which can contribute to fair pricing.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
This contract was awarded under full and open competition, indicating that multiple qualified vendors had the opportunity to bid. The specific number of bidders is not provided, but the 'full and open' designation suggests a competitive process that should lead to fair market pricing and a selection based on the best value. The use of a BPA Call implies that the underlying Blanket Purchase Agreement was also competitively awarded.
Taxpayer Impact: Full and open competition generally benefits taxpayers by fostering a competitive environment that drives down costs and encourages innovation, ensuring the government receives the best possible services at a fair price.
Public Impact
The Department of Energy's Offices of Certified Public Accountants and OCFO will directly benefit from enhanced financial and strategic management support. Services delivered will improve the efficiency and accuracy of payment processing and internal control mechanisms. The contract has a geographic impact primarily in the District of Columbia, where the Department of Energy's headquarters are located. The workforce implications are primarily for the contractor, Kearney & Company, P.C., which will provide specialized personnel for these functions.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Potential for scope creep if requirements are not clearly defined and managed.
- Reliance on a single contractor for critical financial functions could pose a risk if performance issues arise.
- Ensuring continued alignment with evolving federal financial regulations and best practices.
Positive Signals
- Awarded through full and open competition, suggesting a robust selection process.
- Contractor, Kearney & Company, P.C., likely possesses specialized expertise in accounting and financial management.
- The BPA Call structure indicates a pre-vetted agreement, potentially streamlining service delivery.
- Focus on internal controls and risk management supports government accountability.
Sector Analysis
This contract falls within the professional, scientific, and technical services sector, specifically the accounting and bookkeeping services sub-sector (NAICS 541211). This sector is characterized by firms providing specialized expertise in financial management, auditing, and consulting. Federal spending in this area is substantial, supporting various agencies' core functions. Comparable spending benchmarks would involve analyzing other federal contracts for similar financial advisory and management support services, often awarded through competitive processes to firms with demonstrated expertise.
Small Business Impact
The contract data indicates that small business participation (ss: false, sb: false) was not a specific set-aside requirement for this particular BPA Call. While the primary award is to Kearney & Company, P.C., the terms of the underlying Blanket Purchase Agreement (BPA) may include provisions for subcontracting opportunities. However, without further details on the BPA's structure or the contractor's subcontracting plan, the direct impact on the small business ecosystem is unclear. It is possible that larger firms like Kearney & Company, P.C. may utilize small businesses for specific support functions.
Oversight & Accountability
Oversight for this contract will likely be managed by the Department of Energy's contracting officers and program managers responsible for financial and strategic support services. Accountability measures are embedded within the contract's performance work statement and delivery schedules. Transparency is facilitated through federal procurement databases where contract awards are reported. Inspector General jurisdiction would apply in cases of fraud, waste, or abuse related to the contract's execution.
Related Government Programs
- Financial Management Services
- Strategic Planning Support
- Internal Controls and Auditing
- Enterprise Risk Management
- Payment Processing Services
- Blanket Purchase Agreements (BPAs)
Risk Flags
- Potential for performance issues
- Risk of scope creep
- Reliance on single contractor
Tags
accounting-services, financial-management, strategic-support, department-of-energy, district-of-columbia, full-and-open-competition, bpa-call, time-and-materials, professional-services, risk-management, internal-controls
Frequently Asked Questions
What is this federal contract paying for?
Department of Energy awarded $3.0 million to KEARNEY & COMPANY, P.C.. REQUISITION TO OBLIGATE FUNDS FOR A NEW BPA FINANCIAL AND STRATEGIC MANAGEMENT SUPPORT SERVICES CALL, FOR THE PAYMENT SERVICES AND OCFO INTERNAL CONTROL AND DOES INTERNAL CONTROL AND ERM APPLICATION SUPPORT SERVICES.
Who is the contractor on this award?
The obligated recipient is KEARNEY & COMPANY, P.C..
Which agency awarded this contract?
Awarding agency: Department of Energy (Department of Energy).
What is the total obligated amount?
The obligated amount is $3.0 million.
What is the period of performance?
Start: 2024-05-01. End: 2027-04-30.
What is the track record of Kearney & Company, P.C. with the Department of Energy and other federal agencies for similar financial support services?
Kearney & Company, P.C. has a significant history of serving federal agencies, including the Department of Energy, with a focus on financial management, auditing, and accounting services. Their experience often includes supporting complex financial systems, implementing internal controls, and assisting with compliance requirements. Publicly available contract databases and agency performance reports can provide further details on their past performance, including contract values, durations, and specific services rendered. A review of these records would indicate their established presence and capabilities in supporting federal financial operations, suggesting a degree of reliability for this new award.
How does the estimated value of this BPA Call compare to similar financial and strategic management support contracts awarded by the Department of Energy in the past three years?
The estimated value of $3,009,777 for this three-year BPA Call for financial and strategic management support services needs to be benchmarked against comparable contracts. Similar awards by the Department of Energy or other large federal agencies for accounting, financial advisory, internal controls, and enterprise risk management support typically range from hundreds of thousands to several million dollars annually, depending on the scope and complexity. Given the duration and the specialized nature of the services (payment services, internal control, ERM application support), this contract's value appears to be within a reasonable range. However, a detailed comparison would require analyzing the specific tasks, deliverables, and labor categories involved in this contract versus historical ones.
What are the primary risks associated with this contract, and what mitigation strategies are in place?
Primary risks for this contract include potential performance issues if the contractor, Kearney & Company, P.C., fails to deliver services meeting the Department of Energy's standards, leading to disruptions in financial operations. Another risk is the potential for scope creep, where the requirements expand beyond the initial agreement, leading to cost overruns or schedule delays. Furthermore, reliance on a single contractor for critical financial functions could pose a risk if unforeseen circumstances impact their ability to perform. Mitigation strategies typically involve robust contract oversight, clearly defined performance metrics and deliverables, regular progress reviews, and contingency planning by the agency. The 'full and open' competition process also helps mitigate risks by selecting a contractor with a proven track record.
How effective is the use of a Blanket Purchase Agreement (BPA) Call for procuring these types of specialized financial support services?
The use of a BPA Call is generally an effective method for procuring specialized support services like those required by the Department of Energy. A BPA establishes pre-negotiated terms and conditions, often including pricing, with one or more vendors, typically after a full and open competition. A subsequent 'Call' or 'Order' against that BPA allows for more streamlined and rapid procurement of specific services or supplies. This approach leverages the initial competition to ensure fair pricing and vendor qualification, while the Call mechanism provides flexibility and efficiency for task-specific needs. For ongoing or recurring needs like financial support, this method can reduce administrative burden and lead times compared to issuing a new solicitation each time.
What is the historical spending pattern for financial and strategic management support services at the Department of Energy, and how does this award fit within that pattern?
The Department of Energy, like many large federal agencies, consistently spends significant funds on financial management, accounting, auditing, and strategic support services. This spending is driven by the complexity of managing federal budgets, ensuring compliance with regulations, and maintaining robust internal controls and risk management frameworks. Historical spending patterns would likely show a steady allocation of resources to these functions, often through a mix of contract vehicles including BPAs, task orders, and other competitive awards. This specific $3 million BPA Call for three years fits within this pattern as a dedicated effort to ensure the continuity and enhancement of critical financial operations and systems within the agency.
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) › ADMINISTRATIVE SUPPORT SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Solicitation ID: 89303024QCF000030
Pricing Type: TIME AND MATERIALS (Y)
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: $8,433,411
Exercised Options: $4,527,927
Current Obligation: $3,009,777
Actual Outlays: $1,639,687
Subaward Activity
Number of Subawards: 1
Total Subaward Amount: $83,200
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: 89303023ACF000014
IDV Type: BPA
Timeline
Start Date: 2024-05-01
Current End Date: 2027-04-30
Potential End Date: 2029-10-30 00:00:00
Last Modified: 2026-03-27
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