DoD's $62.6M Accounting Services Contract Awarded to Deloitte & Touche LLP
Contract Overview
Contract Amount: $62,605,113 ($62.6M)
Contractor: Deloitte & Touche LLP
Awarding Agency: Department of Defense
Start Date: 2023-09-14
End Date: 2025-09-13
Contract Duration: 730 days
Daily Burn Rate: $85.8K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 3
Pricing Type: COST PLUS FIXED FEE
Sector: Other
Official Description: LABOR- MIGRATION- CNIC, NAVFAC, BUPERS
Place of Performance
Location: WASHINGTON NAVY YARD, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20374
Plain-Language Summary
Department of Defense obligated $62.6 million to DELOITTE & TOUCHE LLP for work described as: LABOR- MIGRATION- CNIC, NAVFAC, BUPERS Key points: 1. Contract awarded for accounting services to support CNIC, NAVFAC, BUPERS. 2. Deloitte & Touche LLP is the sole awardee. 3. The contract has a duration of 730 days. 4. This falls under 'Other Accounting Services' (NAICS 541219).
Value Assessment
Rating: good
The contract's cost-plus-fixed-fee structure allows for flexibility but requires careful oversight to manage costs effectively. Benchmarking against similar accounting service contracts is recommended.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded under full and open competition, suggesting a robust price discovery process. The delivery order mechanism indicates a specific need within a broader contract vehicle.
Taxpayer Impact: Taxpayer funds are utilized for essential accounting services, with competition aiming for cost efficiency.
Public Impact
Ensures continued financial management and accounting support for key Navy entities. Supports operational efficiency through professional accounting services. Potential for cost savings through competitive bidding.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Cost-plus-fixed-fee pricing requires diligent monitoring.
- No small business participation noted.
Positive Signals
- Awarded under full and open competition.
- Supports critical defense functions.
Sector Analysis
This contract falls within the professional services sector, specifically accounting. Spending benchmarks for similar government accounting services vary widely based on scope and complexity.
Small Business Impact
The data indicates no small business participation in this specific award. Future opportunities should explore avenues for small business involvement in accounting services.
Oversight & Accountability
The Department of the Navy is responsible for oversight. The fixed-fee component provides some cost control, but monitoring of labor hours and expenses is crucial.
Related Government Programs
- Other Accounting Services
- Department of Defense Contracting
- Department of the Navy Programs
Risk Flags
- Cost-plus-fixed-fee pricing.
- No small business participation.
- Reliance on a single vendor for this delivery order.
- Potential for scope creep if not managed.
Tags
other-accounting-services, department-of-defense, dc, delivery-order, 10m-plus
Frequently Asked Questions
What is this federal contract paying for?
Department of Defense awarded $62.6 million to DELOITTE & TOUCHE LLP. LABOR- MIGRATION- CNIC, NAVFAC, BUPERS
Who is the contractor on this award?
The obligated recipient is DELOITTE & TOUCHE LLP.
Which agency awarded this contract?
Awarding agency: Department of Defense (Department of the Navy).
What is the total obligated amount?
The obligated amount is $62.6 million.
What is the period of performance?
Start: 2023-09-14. End: 2025-09-13.
What is the expected value delivered by Deloitte & Touche LLP for the $62.6M contract?
The expected value lies in providing specialized accounting services to CNIC, NAVFAC, and BUPERS, ensuring compliance, financial accuracy, and efficient resource management. The fixed fee component aims to provide a predictable cost for these essential services, supporting the operational readiness and administrative functions of these Department of the Navy entities.
What are the primary risks associated with this contract?
Key risks include potential cost overruns inherent in cost-plus contracts if not managed tightly, and the risk of service quality not meeting expectations despite competitive bidding. The lack of small business participation also represents a missed opportunity for economic impact and potentially diverse perspectives.
How effective is this contract likely to be in meeting the government's needs?
The contract is likely to be effective given the award to a reputable firm under full and open competition. However, effectiveness will hinge on robust government oversight, clear performance metrics, and the contractor's ability to adapt to evolving requirements within the specified fixed fee.
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
Solicitation Procedures: SUBJECT TO MULTIPLE AWARD FAIR OPPORTUNITY
Solicitation ID: N0018921RZ050
Offers Received: 3
Pricing Type: COST PLUS FIXED FEE (U)
Evaluated Preference: NONE
Contractor Details
Parent Company: Deloitte Financial Advisory Services LLP
Address: 1919 N LYNN ST, ARLINGTON, VA, 22209
Business Categories: Category Business, Not Designated a Small Business, Partnership or Limited Liability Partnership, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $62,605,113
Exercised Options: $62,605,113
Current Obligation: $62,605,113
Subaward Activity
Number of Subawards: 21
Total Subaward Amount: $20,136,885
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: N0018922DZ017
IDV Type: IDC
Timeline
Start Date: 2023-09-14
Current End Date: 2025-09-13
Potential End Date: 2025-09-13 00:00:00
Last Modified: 2025-09-12
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