Other function. The task order work is primarily to support the department and budget service for tasks such as the cohort analysis for which the specific assistance needed and concerns found varies…
Ended Awarded Last action
- Contract number
- 0002
- Awardee
-
FMR Consulting Inc. UEI JBGSLKSY8FZ7
- Awarding agency
-
Contracts and Acquisition Management
Department of Education
- Obligated
- $1,452,963
Award facts
- Contract value 100% obligated
- $1,452,963.47 Current and potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- Funding agency
- Office of Planning Evaluation and Policy Development Department of Education
- NAICS code
- 541219 Other Accounting Services
- PSC
- R499 Support- Professional: Other
- Set-aside
- Total Small Business
- Competition
- Full and Open Competition · 2 offers Multiple Award, Fair Opportunity
- Pricing
- Time and Materials
- Place of performance
- Washington, DC 20202, USA
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Other Administrative Action | -$299,578 | |
| Funding Only Action | -$79,134 | |
| Funding Only Action | -$393,251 | |
| Exercise an Option | $378,265 | |
| Exercise an Option | $370,843 | |
| Exercise an Option | $363,572 | |
| Supplemental Agreement for work within scope | $406,352 | |
| Funding Only Action | $356,442 | |
| Funding Only Action | $0 | |
| Exercise an Option | $356,442 | |
| Original award | $349,453 |
Show all 11
About this award
FMR Consulting Inc., a Washington DC-based multi-service consulting firm, received a $1.45 million Time and Materials Blanket Purchase Agreement Call under the General Services Administration's Professional Services Schedule to support the Department of Education's Office of Planning Evaluation and Policy Development. Awarded on August 23, 2017, with an ultimate completion date of August 22, 2022, this Total Small Business set-aside contract provides financial advisory and accounting services focused on credit reform administration, cohort analysis, and audit support functions. The work encompasses monthly credit reform work group activities, cohort analysis preparation, actuals-to-estimates compilation, ad hoc audit support during annual audit processes, and credit reform research to address inquiries from the Office of Management and Budget and respond to changing federal financial management regulations and policies.
FMR Consulting engaged Sikich CPA LLC as a primary subcontractor to deliver specialized credit reform support tasks, including monthly reporting packages, student loans modeling and assumptions development, and analytical support for defending the Department's credit reform estimates during independent audits. Sikich CPA LLC, a global professional services firm based in Alexandria, Virginia, brings extensive experience in federal financial management, auditing, and compliance services across multiple government agencies. This contract structure leverages the expertise of both firms to address the Department of Education's ongoing financial management and audit defense requirements related to federal credit reform accounting and reporting obligations.
Description
Other function. The task order work is primarily to support the department and budget service for tasks such as the cohort analysis for which the specific assistance needed and concerns found varies year by year or unplanned ad hoc analyses that may be required during the annual audit process to defend the department's credit reform estimates and balances challenged by the independent audit firm, respond to inquiries received from the office of management and budget, and to respond to new and changing statutes, regulations and policies affecting financial management, planning and reporting by federal agencies.
Quick answers
Who was awarded contract 0002?
0002 was awarded to FMR Consulting Inc. by Contracts and Acquisition Management (Department of Education) on August 23, 2017.
How much is contract 0002 worth?
The government has obligated $1,452,963 on 0002.
Which agency awarded contract 0002?
Contracts and Acquisition Management (Department of Education) awarded 0002, with funding from Office of Planning Evaluation and Policy Development (Department of Education).
Is contract 0002 an order under another contract?
Yes. 0002 is a BPA call under GS23F0040U-EDCFO17A0001, a blanket purchase agreement, on The Professional Services Schedule (PSS).
Was contract 0002 competed?
The extent of competition for 0002 was full and open competition. The government received 2 offers. It was set aside: Total Small Business.
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