HHS awards $23.3M contract to MYERS & STAUFFER LC for accounting services, highlighting full and open competition
Contract Overview
Contract Amount: $23,268,169 ($23.3M)
Contractor: Myers & Stauffer LC
Awarding Agency: Department of Health and Human Services
Start Date: 2016-07-01
End Date: 2021-07-07
Contract Duration: 1,832 days
Daily Burn Rate: $12.7K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 1
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: IGF::OT::IGF SURVEY OR RETAIL PRICES
Place of Performance
Location: WINDSOR MILL, BALTIMORE County, MARYLAND, 21244
State: Maryland Government Spending
Plain-Language Summary
Department of Health and Human Services obligated $23.3 million to MYERS & STAUFFER LC for work described as: IGF::OT::IGF SURVEY OR RETAIL PRICES Key points: 1. Contract value of $23.3M over 5 years. 2. Services provided by MYERS & STAUFFER LC, a single firm. 3. Full and open competition was utilized. 4. Sector is professional services, specifically accounting. 5. Potential for cost savings through competitive bidding.
Value Assessment
Rating: good
The contract value of $23.3M for accounting services appears reasonable given the 5-year duration. Benchmarking against similar large-scale accounting contracts would provide a more precise assessment of value.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The use of full and open competition suggests a robust price discovery process. This method allows multiple qualified vendors to bid, potentially driving down costs and ensuring fair market pricing.
Taxpayer Impact: The competitive nature of this award is likely to result in taxpayer savings compared to a sole-source or limited competition scenario.
Public Impact
Ensures access to essential accounting expertise for HHS. Promotes fair competition among accounting firms. Supports transparency in government financial management.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of specific performance metrics in provided data.
- Potential for vendor lock-in if performance is exceptional.
Positive Signals
- Utilized full and open competition.
- Firm Fixed Price contract type can control costs.
- Long-term contract provides stability.
Sector Analysis
This contract falls within the professional services sector, specifically accounting and auditing. Government spending in this area is crucial for financial oversight and compliance, with benchmarks varying based on the complexity and scope of services required.
Small Business Impact
The data does not indicate any specific provisions or set-asides for small businesses in this contract. The focus appears to be on securing specialized accounting services from established firms.
Oversight & Accountability
The use of full and open competition and a firm fixed price contract suggests a degree of oversight. However, ongoing monitoring of performance and adherence to contract terms by CMS is essential.
Related Government Programs
- Offices of Certified Public Accountants
- Department of Health and Human Services Contracting
- Centers for Medicare and Medicaid Services Programs
Risk Flags
- Potential for cost overruns if scope expands.
- Dependence on a single vendor for critical services.
- Limited information on specific performance metrics.
- No clear indication of small business participation.
Tags
offices-of-certified-public-accountants, department-of-health-and-human-services, md, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Health and Human Services awarded $23.3 million to MYERS & STAUFFER LC. IGF::OT::IGF SURVEY OR RETAIL PRICES
Who is the contractor on this award?
The obligated recipient is MYERS & STAUFFER LC.
Which agency awarded this contract?
Awarding agency: Department of Health and Human Services (Centers for Medicare and Medicaid Services).
What is the total obligated amount?
The obligated amount is $23.3 million.
What is the period of performance?
Start: 2016-07-01. End: 2021-07-07.
What specific accounting services are covered under this contract, and how do they align with CMS's core mission?
The contract, identified by NAICS code 541211 (Offices of Certified Public Accountants), likely encompasses a range of financial auditing, accounting, and advisory services critical for CMS operations. These could include financial statement audits, cost report reviews, and compliance assessments, directly supporting CMS's mission to administer Medicare and Medicaid programs efficiently and effectively.
What are the key performance indicators (KPIs) used to evaluate MYERS & STAUFFER LC's performance under this contract?
The provided data does not explicitly list the Key Performance Indicators (KPIs) for this contract. Typically, for accounting services, KPIs might include timeliness of deliverables, accuracy of financial reporting, adherence to professional standards, and responsiveness to inquiries. Effective oversight would involve regular performance reviews against these unstated but presumed metrics.
How does the $23.3M award compare to historical spending on similar accounting services by CMS or other federal agencies?
Without specific historical data for comparable CMS contracts, a direct comparison is difficult. However, $23.3M over five years ($4.66M annually) for a large agency like CMS suggests a competitive rate for comprehensive accounting services. Benchmarking against contracts for similar-sized entities or complex healthcare programs would be necessary for a definitive assessment.
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
Offers Received: 1
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Address: 700 W 47TH ST, KANSAS CITY, MO, 64112
Business Categories: Category Business, Limited Liability Corporation, Not Designated a Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $27,168,784
Exercised Options: $23,268,169
Current Obligation: $23,268,169
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Parent Contract
Parent Award PIID: GS23F0058V
IDV Type: FSS
Timeline
Start Date: 2016-07-01
Current End Date: 2021-07-07
Potential End Date: 2021-07-07 00:00:00
Last Modified: 2022-10-19
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