DoD Awards $14.2M Contract for Audit Readiness Support Services to GenTech Associates Inc
Contract Overview
Contract Amount: $14,202,787 ($14.2M)
Contractor: Gentech Associates Inc
Awarding Agency: Department of Defense
Start Date: 2023-10-04
End Date: 2026-10-03
Contract Duration: 1,095 days
Daily Burn Rate: $13.0K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 3
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: AUDIT READINESS SUPPORT SERVICES
Place of Performance
Location: ARLINGTON, ARLINGTON County, VIRGINIA, 22203
State: Virginia Government Spending
Plain-Language Summary
Department of Defense obligated $14.2 million to GENTECH ASSOCIATES INC for work described as: AUDIT READINESS SUPPORT SERVICES Key points: 1. Contract Value: $14.2 million over 3 years. 2. Competition: Awarded under full and open competition. 3. Risk: Potential for cost overruns if scope expands. 4. Sector: Management Consulting Services for Defense.
Value Assessment
Rating: good
The contract value of $14.2 million for 3 years appears reasonable for specialized audit readiness support. Benchmarking against similar contracts for management consulting services in the federal space suggests this pricing is within expected ranges, assuming the scope of work is well-defined.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded through full and open competition, indicating a robust price discovery process. This method generally leads to more competitive pricing as multiple vendors can bid.
Taxpayer Impact: The competitive award process aims to ensure taxpayer funds are used efficiently for necessary audit readiness support.
Public Impact
Ensures Department of Defense compliance with audit requirements. Supports financial accountability and transparency within the agency. Provides specialized expertise for complex financial management tasks.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Potential for scope creep impacting final cost.
- Reliance on a single awardee for critical support.
Positive Signals
- Awarded via full and open competition.
- Clear contract duration and delivery order structure.
Sector Analysis
This contract falls within the administrative management and general management consulting services sector, a common area of federal spending. Benchmarks for similar services often range from $100-$500 per hour depending on specialization and experience.
Small Business Impact
The data does not indicate any specific provisions or set-asides for small businesses in this award. Further analysis would be needed to determine if small businesses had an opportunity to participate.
Oversight & Accountability
The contract is managed by the Defense Advanced Research Projects Agency (DARPA), a component of the Department of Defense known for rigorous oversight. The use of a delivery order under a larger contract structure allows for phased oversight.
Related Government Programs
- Administrative Management and General Management Consulting Services
- Department of Defense Contracting
- Defense Advanced Research Projects Agency Programs
Risk Flags
- Potential for scope creep.
- Limited visibility into specific deliverables.
- Dependency on contractor expertise.
- Audit readiness is a complex and evolving requirement.
Tags
administrative-management-and-general-ma, department-of-defense, va, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Defense awarded $14.2 million to GENTECH ASSOCIATES INC. AUDIT READINESS SUPPORT SERVICES
Who is the contractor on this award?
The obligated recipient is GENTECH ASSOCIATES INC.
Which agency awarded this contract?
Awarding agency: Department of Defense (Defense Advanced Research Projects Agency).
What is the total obligated amount?
The obligated amount is $14.2 million.
What is the period of performance?
Start: 2023-10-04. End: 2026-10-03.
What specific audit readiness tasks are included in this contract?
The contract likely encompasses a range of tasks such as financial statement preparation, internal control assessments, data analysis, policy development, and training for DoD personnel. Specifics would be detailed in the Statement of Work (SOW) which is not provided here, but these services are crucial for meeting federal financial management standards and audit requirements.
What is the risk of cost overruns given the firm-fixed-price structure?
While firm-fixed-price contracts aim to control costs, overruns can still occur if the scope of work expands beyond the initial agreement or if unforeseen complexities arise. Effective contract management, clear communication, and change control processes are essential to mitigate these risks and ensure the project stays within the $14.2 million budget.
How does this contract contribute to the DoD's overall audit effectiveness?
This contract directly supports the DoD's ability to achieve audit readiness by providing specialized expertise and resources. By helping to prepare financial statements, strengthen internal controls, and address audit findings, it enhances the accuracy and reliability of the DoD's financial reporting, ultimately contributing to greater accountability and transparency.
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) › MANAGEMENT SUPPORT SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Offers Received: 3
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Parent Company: Gentech Associates, Inc.
Address: 11644 N MICHIGAN RD, ZIONSVILLE, IN, 46077
Business Categories: Category Business, Service Disabled Veteran Owned Business, Small Business, Special Designations, Subchapter S Corporation, U.S.-Owned Business, Veteran Owned Business
Financial Breakdown
Contract Ceiling: $28,626,534
Exercised Options: $17,252,308
Current Obligation: $14,202,787
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: GS23F053AA
IDV Type: FSS
Timeline
Start Date: 2023-10-04
Current End Date: 2026-10-03
Potential End Date: 2028-10-03 00:00:00
Last Modified: 2025-09-26
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