DoD Navy awards $14M for Accounting Services to Kearney & Company, P.C. under full and open competition
Contract Overview
Contract Amount: $14,070,579 ($14.1M)
Contractor: Kearney & Company, P.C.
Awarding Agency: Department of Defense
Start Date: 2025-08-20
End Date: 2026-08-28
Contract Duration: 373 days
Daily Burn Rate: $37.7K/day
Competition Type: FULL AND OPEN COMPETITION
Number of Offers Received: 2
Pricing Type: FIRM FIXED PRICE
Sector: Other
Official Description: TIGER TEAM SUPPORT - BASE YEAR
Place of Performance
Location: WASHINGTON NAVY YARD, DISTRICT OF COLUMBIA County, DISTRICT OF COLUMBIA, 20376
Plain-Language Summary
Department of Defense obligated $14.1 million to KEARNEY & COMPANY, P.C. for work described as: TIGER TEAM SUPPORT - BASE YEAR Key points: 1. Contract awarded for "TIGER TEAM SUPPORT - BASE YEAR" with a value of $14,070,579.2. 2. Kearney & Company, P.C. secured the contract through full and open competition. 3. The contract is for Other Accounting Services (NAICS 541219) with a duration of 373 days. 4. This award represents a significant investment in specialized accounting support for the Department of the Navy.
Value Assessment
Rating: good
The contract value of $14.07 million for a base year of specialized accounting support appears reasonable given the nature of 'Tiger Team' services. Benchmarking against similar high-level consulting or audit support contracts would provide a more precise assessment.
Cost Per Unit: N/A
Competition Analysis
Competition Level: full-and-open
The contract was awarded using full and open competition, indicating a robust process for soliciting bids and ensuring fair market pricing. This method generally leads to competitive pricing as multiple vendors have the opportunity to propose their services.
Taxpayer Impact: The use of full and open competition suggests that taxpayers are likely receiving a fair price for the specialized accounting services rendered, as market forces were allowed to drive the cost.
Public Impact
Ensures specialized accounting expertise is available to the Navy for critical support functions. The competitive award process aims to deliver value for taxpayer dollars. Supports the operational readiness and financial integrity of naval operations. Highlights the ongoing need for advanced accounting services within federal agencies.
Waste & Efficiency Indicators
Waste Risk Score: 50 / 10
Warning Flags
- Potential for scope creep in 'Tiger Team' engagements.
- Dependence on a single contractor for critical support.
- Ensuring long-term cost-effectiveness beyond the base year.
Positive Signals
- Awarded through full and open competition.
- Clear definition of service category (Other Accounting Services).
- Specific base year value provided.
Sector Analysis
The Department of Defense, specifically the Department of the Navy, frequently procures professional services, including accounting and auditing. Spending in this sector is driven by the need for financial oversight, compliance, and specialized support for complex operations. Benchmarks for similar contracts vary widely based on scope and duration.
Small Business Impact
The data indicates this contract was awarded to Kearney & Company, P.C., a known entity in the accounting services sector. There is no explicit information provided regarding small business participation or subcontracting opportunities within this specific award. Further analysis would be needed to determine if small businesses were involved.
Oversight & Accountability
The award through full and open competition suggests a degree of oversight in the procurement process. However, ongoing oversight of contract performance, deliverables, and adherence to the firm fixed price will be crucial to ensure accountability and effective use of funds.
Related Government Programs
- Other Accounting Services
- Department of Defense Contracting
- Department of the Navy Programs
Risk Flags
- Potential for undefined scope in 'Tiger Team' support.
- Limited duration may not address long-term systemic issues.
- Reliance on a single vendor for critical, specialized tasks.
- Need for robust performance monitoring to ensure value.
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 $14.1 million to KEARNEY & COMPANY, P.C.. TIGER TEAM SUPPORT - BASE YEAR
Who is the contractor on this award?
The obligated recipient is KEARNEY & COMPANY, P.C..
Which agency awarded this contract?
Awarding agency: Department of Defense (Department of the Navy).
What is the total obligated amount?
The obligated amount is $14.1 million.
What is the period of performance?
Start: 2025-08-20. End: 2026-08-28.
What specific 'Tiger Team' functions are being supported by this contract, and how do they align with the Navy's strategic financial goals?
Tiger Teams are typically deployed for intensive, short-term problem-solving or assessment missions. For the Navy, this could involve addressing complex financial audits, identifying cost-saving opportunities, or resolving critical accounting system issues. The alignment with strategic goals would depend on whether these functions directly support efficiency, compliance, or readiness objectives outlined in the Navy's financial management strategy.
What are the key performance indicators (KPIs) used to measure the success of Kearney & Company's support, and how will their achievement be verified?
Success metrics for such a contract often include timely delivery of reports, accuracy of findings, actionable recommendations provided, and successful resolution of identified issues. Verification would likely involve reviews by Navy contracting officers and subject matter experts, performance assessments against predefined milestones, and potentially independent quality assurance checks to ensure the contractor meets the agreed-upon standards and objectives.
Beyond the base year, what is the potential for follow-on work or contract extensions, and what is the estimated total value if exercised?
The provided data does not specify options or potential for follow-on work. However, 'Tiger Team' engagements can sometimes lead to further analysis or implementation phases. If options exist, they would typically be outlined in the contract's terms and conditions, with associated estimated values and exercise periods. Without this information, the potential for extended work and its total value remains unknown.
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: 2
Pricing Type: FIRM FIXED PRICE (J)
Evaluated Preference: NONE
Contractor Details
Parent Company: E.F. Kearney, Limited
Address: 1701 DUKE ST STE 500, ALEXANDRIA, VA, 22314
Business Categories: Category Business, Corporate Entity Not Tax Exempt, Not Designated a Small Business, Special Designations, U.S.-Owned Business
Financial Breakdown
Contract Ceiling: $32,630,496
Exercised Options: $14,229,579
Current Obligation: $14,070,579
Subaward Activity
Number of Subawards: 7
Total Subaward Amount: $1,161,797
Contract Characteristics
Commercial Item: COMMERCIAL PRODUCTS/SERVICES PROCEDURES NOT USED
Cost or Pricing Data: NO
Parent Contract
Parent Award PIID: N0018922DZ014
IDV Type: IDC
Timeline
Start Date: 2025-08-20
Current End Date: 2026-08-28
Potential End Date: 2028-04-20 00:00:00
Last Modified: 2025-09-30
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