CFO/fiar II
Ended Definitive Contract Awarded Last action
- Contract number
- FA877114C0005
- Awardee
-
Wealth Management Partners, LLC UEI NMEBDDB2KZW4
- Awarding agency
-
AFLCMC Maxwell AFB
Lifecycle Management Center, Department of Defense
- Obligated
- $3,998,002
Award facts
- Contract value 67% obligated
-
- $3,988,001.76 Current, with exercised options
- $5,993,847.76 Potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Funding agency
- Air Education and Training Command Air Force, Department of Defense
- NAICS code
- 541611 Administrative Management and General Management Consulting Services
- PSC
- D306 It And Telecom- Systems Analysis
- Set-aside
- 8(a) Sole Source
- Competition
- Not Available for Competition · 1 offer Only One Source
- Pricing
- Firm Fixed Price
- Place of performance
- Montgomery, AL 36104, USA
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Funding Only Action | -$1,998 | |
| Other Administrative Action | $0 | |
| Funding Only Action | $754,305 | |
| Other Administrative Action | $618,547 | |
| Exercise an Option | $640,250 | |
| Other Administrative Action | $10,000 | |
| Funding Only Action | $26,821 | |
| Modification | $0 | |
| Original award | $1,950,077 |
About this award
Wealth Management Partners, LLC, a Montgomery, Alabama-based certified public accounting and management consulting firm, received a modification to a definitive firm fixed-price contract from Air Education and Training Command to de-obligate funds. The original contract, awarded on September 12, 2014, with a ceiling value of approximately $5.99 million, supported the Air Force's Financial Improvement and Audit Readiness (FIAR) initiative by providing financial improvement and audit remediation services. The contract was set aside as an 8(a) sole source award to the SBA 8(a) Program Participant, with an ultimate completion date of September 11, 2016.
As a certified 8(a) program participant with additional certifications as a minority-owned and disadvantaged business, Wealth Management Partners brought relevant expertise in financial services and government contracting to support the Air Force's audit and financial process improvement objectives. The firm has demonstrated substantial experience delivering financial consulting services to federal agencies, including comparable work with Air Force Materiel Command and broader portfolio management services through multiple federal vehicles, positioning it to effectively address the FIAR program's requirements for audit remediation support.
Quick answers
Who was awarded contract FA877114C0005?
FA877114C0005 was awarded to Wealth Management Partners, LLC by AFLCMC Maxwell AFB (Lifecycle Management Center) on September 12, 2014.
How much is contract FA877114C0005 worth?
The government has obligated $3,998,002 on FA877114C0005. Its current value, with exercised options, is $3,988,002. Its potential value, with all options, is $5,993,848.
Which agency awarded contract FA877114C0005?
AFLCMC Maxwell AFB (Lifecycle Management Center) awarded FA877114C0005, with funding from Air Education and Training Command (Air Force).
Was contract FA877114C0005 competed?
The extent of competition for FA877114C0005 was not available for competition. The government received 1 offer. It was set aside: 8(a) Sole Source.
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