Interior Dept. Spends $34M on Accounting Services with Deloitte & Touche via Full Competition
Contract Overview
Contract Amount: $34,092,237 ($34.1M)
Contractor: Deloitte & Touche LLP
Awarding Agency: Department of the Interior
Start Date: 2005-02-01
End Date: 2010-07-31
Contract Duration: 2,006 days
Daily Burn Rate: $17.0K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 6
Pricing Type: LABOR HOURS
Sector: Other
Official Description: 42030 - DELOITTE & TOUCHE
Place of Performance
Location: WASHINGTON, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20001
Plain-Language Summary
Department of the Interior obligated $34.1 million to DELOITTE & TOUCHE LLP for work described as: 42030 - DELOITTE & TOUCHE Key points: 1. Significant contract value of $34 million over 5 years. 2. Awarded under full and open competition, indicating market availability. 3. No small business participation noted, potentially limiting broader economic impact. 4. Services fall under 'Other Accounting Services', a common professional support category.
Value Assessment
Rating: fair
The contract value of $34 million over five years averages $6.8 million annually. Benchmarking against similar large-scale accounting service contracts is difficult without more specific service details, but the duration and value suggest a substantial engagement.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded through full and open competition, suggesting that multiple vendors had the opportunity to bid. This method generally promotes competitive pricing and ensures the government receives fair market value.
Taxpayer Impact: Taxpayer funds were used for accounting services. While competition was employed, the total expenditure of $34 million represents a significant allocation of public resources.
Public Impact
Government reliance on large professional services firms for essential functions. Potential for significant financial investment in specialized accounting expertise. Transparency in procurement through full and open competition is a positive indicator.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Lack of small business participation.
- Long contract duration may limit flexibility.
Positive Signals
- Awarded via full and open competition.
- Clear contract start and end dates.
Sector Analysis
The 'Other Accounting Services' sector involves a wide range of financial support functions. Spending benchmarks vary greatly depending on the specific services and agency needs. This $34 million contract appears substantial within this broad category.
Small Business Impact
The data indicates that this contract was not awarded to small businesses (sb: false). This suggests that the scope or nature of the accounting services required may have favored larger firms, potentially excluding smaller, specialized providers.
Oversight & Accountability
Awarded under full and open competition suggests a structured procurement process. Further oversight would involve reviewing performance metrics and ensuring adherence to contract terms and conditions throughout its lifecycle.
Related Government Programs
- Other Accounting Services
- Department of the Interior Contracting
- Departmental Offices Programs
Risk Flags
- Significant expenditure without clear ROI metrics.
- No small business participation.
- Long contract duration (5 years) may pose risks.
- Broad service category lacks specificity.
Tags
other-accounting-services, department-of-the-interior, dc, do, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of the Interior awarded $34.1 million to DELOITTE & TOUCHE LLP. 42030 - DELOITTE & TOUCHE
Who is the contractor on this award?
The obligated recipient is DELOITTE & TOUCHE LLP.
Which agency awarded this contract?
Awarding agency: Department of the Interior (Departmental Offices).
What is the total obligated amount?
The obligated amount is $34.1 million.
What is the period of performance?
Start: 2005-02-01. End: 2010-07-31.
What specific accounting services were provided under this contract, and how did they align with the Department of the Interior's core mission objectives?
The contract falls under NAICS code 541219, 'Other Accounting Services.' This broad category could encompass a variety of functions such as auditing, bookkeeping, payroll, tax preparation, or financial consulting. Understanding the precise services rendered is crucial to assessing their direct contribution to the Department's operational effectiveness and strategic goals.
Given the $34 million expenditure, what was the measurable impact or return on investment for the Department of the Interior's accounting operations?
Assessing the ROI requires detailed performance data and outcome metrics not present in the provided data. Key indicators could include cost savings achieved, efficiency improvements in financial reporting, enhanced compliance, or successful resolution of complex financial issues. Without this information, the value proposition remains qualitative.
How did the 'full and open competition' process ensure the most cost-effective solution for these accounting services, and were there any potential risks associated with a single awardee for such a lo
Full and open competition theoretically maximizes the pool of bidders, driving down prices. However, the risk with a single awardee over five years includes potential complacency, price creep, or vendor lock-in. Continuous monitoring and performance evaluations are essential to mitigate these risks and ensure ongoing value.
Industry Classification
NAICS: Professional, Scientific, and Technical Services › Accounting, Tax Preparation, Bookkeeping, and Payroll Services › Other Accounting Services
Product/Service Code: SUPPORT SVCS (PROF, ADMIN, MGMT) › MANAGEMENT SUPPORT SERVICES
Competition & Pricing
Extent Competed: FULL AND OPEN COMPETITION
Offers Received: 6
Pricing Type: LABOR HOURS (Z)
Contractor Details
Parent Company: Deloitte LLP (UEI: 014127109)
Address: 1750 TYSONS BLVD, MC LEAN, VA, 90
Business Categories: Category Business, Not Designated a Small Business
Financial Breakdown
Contract Ceiling: $38,512,007
Exercised Options: $36,634,066
Current Obligation: $34,092,237
Parent Contract
Parent Award PIID: INN05PA10454
IDV Type: BPA
Timeline
Start Date: 2005-02-01
Current End Date: 2010-07-31
Potential End Date: 2010-07-31 00:00:00
Last Modified: 2012-06-27
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