CFPB Spends $24.4M on Management Consulting Services via BPA Call with PwC
Contract Overview
Contract Amount: $24,433,098 ($24.4M)
Contractor: Pricewaterhousecoopers LLP
Awarding Agency: Consumer Financial Protection Bureau
Start Date: 2012-09-28
End Date: 2015-06-30
Contract Duration: 1,005 days
Daily Burn Rate: $24.3K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 2
Pricing Type: LABOR HOURS
Sector: Other
Official Description: IGF::CT::IGF MANAGEMENT CONSULTING SERVICES SERVICE CONTRACT CODING: CRITICAL
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20552
Plain-Language Summary
Consumer Financial Protection Bureau obligated $24.4 million to PRICEWATERHOUSECOOPERS LLP for work described as: IGF::CT::IGF MANAGEMENT CONSULTING SERVICES SERVICE CONTRACT CODING: CRITICAL Key points: 1. Significant contract value of $24.4 million for management consulting. 2. Awarded to a single, well-known vendor, PwC. 3. Potential for concentrated risk due to single vendor. 4. Services fall under Administrative Management and General Management Consulting.
Value Assessment
Rating: fair
The contract value is substantial. Without specific task orders or comparable benchmarks, assessing the pricing's excellence is difficult. The BPA Call structure suggests potential for competitive pricing across individual orders, but the overall value requires scrutiny.
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. This method allows for competitive pricing on individual task orders, but the initial BPA setup's pricing and the overall vendor selection process are key to price discovery.
Taxpayer Impact: Taxpayer funds totaling $24.4 million were allocated for these consulting services, necessitating careful oversight to ensure value for money.
Public Impact
Consumers may benefit from improved agency operations funded by these services. Transparency in how consulting funds are utilized is crucial for public trust. The use of a BPA Call indicates a structured approach to acquiring services.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- High contract value concentrated with one vendor.
- Limited visibility into specific task order pricing.
- Potential for scope creep over the contract duration.
Positive Signals
- Awarded under full and open competition.
- BPA Call structure can facilitate competitive pricing.
- Services support administrative functions, potentially improving efficiency.
Sector Analysis
This contract falls within the professional services sector, specifically management consulting. Benchmarks for similar large-scale consulting engagements vary widely based on scope and agency, but $24.4 million represents a significant investment.
Small Business Impact
The contract data indicates that small business participation was not a factor (ss: false, sb: false). This suggests the primary award was not structured to benefit small businesses directly.
Oversight & Accountability
The use of a BPA Call implies a framework for oversight. However, detailed oversight of individual task orders and performance metrics is essential to ensure accountability and prevent waste.
Related Government Programs
- Administrative Management and General Management Consulting Services
- Consumer Financial Protection Bureau Contracting
- Consumer Financial Protection Bureau Programs
Risk Flags
- High dollar value.
- Single awardee for the BPA.
- Limited insight into specific task order performance.
- No explicit small business participation noted.
Tags
administrative-management-and-general-ma, consumer-financial-protection-bureau, dc, bpa-call, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Consumer Financial Protection Bureau awarded $24.4 million to PRICEWATERHOUSECOOPERS LLP. IGF::CT::IGF MANAGEMENT CONSULTING SERVICES SERVICE CONTRACT CODING: CRITICAL
Who is the contractor on this award?
The obligated recipient is PRICEWATERHOUSECOOPERS LLP.
Which agency awarded this contract?
Awarding agency: Consumer Financial Protection Bureau (Consumer Financial Protection Bureau).
What is the total obligated amount?
The obligated amount is $24.4 million.
What is the period of performance?
Start: 2012-09-28. End: 2015-06-30.
What specific management challenges did the CFPB aim to address with this $24.4 million contract, and how were the consulting services tailored to meet those needs effectively?
The contract data does not specify the exact management challenges. However, 'Administrative Management and General Management Consulting Services' typically address areas like organizational efficiency, strategic planning, process improvement, and operational effectiveness. The effectiveness would be measured by the successful implementation of recommendations and the achievement of defined agency goals related to these areas.
Given the full and open competition, what was the competitive landscape like for the initial BPA, and how did the pricing structure ensure value for money across multiple task orders?
While the initial BPA was awarded under full and open competition, the specific details of the bidding process and the resulting pricing structure are not provided. A well-structured BPA Call should include competitive pricing mechanisms for task orders, potentially through tiered rates or competitive bidding for larger orders, to ensure ongoing value for money.
What mechanisms were in place to monitor the performance and impact of PricewaterhouseCoopers LLP's consulting services to ensure they delivered tangible benefits to the CFPB and, by extension, consum
The provided data lacks specific details on performance monitoring. Typically, agencies use performance work statements, key performance indicators (KPIs), regular progress reports, and formal reviews to track contractor performance and impact. The success of the contract hinges on robust oversight and clear metrics for evaluating the delivered value.
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
Offers Received: 2
Pricing Type: LABOR HOURS (Z)
Evaluated Preference: NONE
Contractor Details
Address: 1800 TYSON BLVD 9TH FL, MC LEAN, VA, 22102
Business Categories: Category Business, Not Designated a Small Business, Partnership or Limited Liability Partnership, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $24,433,125
Exercised Options: $24,433,098
Current Obligation: $24,433,098
Contract Characteristics
Commercial Item: COMMERCIAL ITEM
Parent Contract
Parent Award PIID: CFP12Z00015
IDV Type: BPA
Timeline
Start Date: 2012-09-28
Current End Date: 2015-06-30
Potential End Date: 2015-06-30 00:00:00
Last Modified: 2023-06-15
More Contracts from Pricewaterhousecoopers LLP
- 200612!000200!9700!hq0423!def Finance & Actg SVC, Columbus!hq042306f0167 !A!N! !N! ! !20060929!20110927!132054466!132054466!132054466!n!pricewaterhousecoopers LLP !1800 Tysons Boulevard !mclean !va!22102!48376!059!51!mclean !fairfax !virginia !+000003826442!n!n!000046413357!r408!program Management/Support Services !S1 !services !000 !NOT Discernable !541618!E! !3! ! ! ! ! !99990909!B! ! !A! !a!u!y!1!005!b! !C!N!Z! ! !N!D!N! ! ! ! ! !a!a!000!a!b!n! ! ! ! ! ! !0001! ! — $56.3M (Department of Defense)
- Saqmma09l0997 IS Awarded to Pricewaterhousecoopers to Acquire the Highly-Skilled, Qualified and Experienced Personnel and Program Management Support Services to Meet or Exceed ENM Program Objectives and Support the Organization's Planning Directorate — $21.4M (Department of State)
- Internal Control Support Services — $18.6M (Department of the Treasury)
- Audit of Ssa's FY 2006 Financial Statements — $15.9M (Social Security Administration)
- Securitized Transaction Financial Advisor Services in Support of Gnma — $14.3M (General Services Administration)
Other Consumer Financial Protection Bureau Contracts
- Consumer Resource Center (CRC) — $50.8M (Senture LLC)
- Consumer Resource Center Support Services — $39.3M (Maximus Federal Services, Inc.)
- Enterprise Platform Support Services Siiss BPA Call — $38.2M (Acumen Solutions, Inc.)
- Lexington LAW Matter Idiq Task Order — $24.7M (JND Holdings LLC)
- Task Order 0003: Financial Coaching Igf::cl::igf — $22.5M (Magellan Federal, Inc.)