CFO/fiar sustainment
Ended Definitive Contract Awarded Last action
- Contract number
- FA877118C0003
- Awardee
-
Wealth Management Partners, LLC UEI NMEBDDB2KZW4
- Awarding agency
-
AFLCMC Maxwell AFB
Lifecycle Management Center, Department of Defense
- Obligated
- $3,563,611
Award facts
- Contract value 179% obligated
-
- $3,395,610.65 Current, with exercised options
- $1,987,606.65 Potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Funding agency
- Air Force Materiel Command Air Force, Department of Defense
- NAICS code
- 541611 Administrative Management and General Management Consulting Services
- PSC
- R703 Support- Management: Accounting
- Set-aside
- No set-aside
- Competition
- Not Competed · 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 | -$11,964 | |
| Exercise an Option | $168,000 | |
| Exercise an Option | $1,408,004 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Funding Only Action | $133,943 | |
| Other Administrative Action | $0 | |
| Modification | $1,495,428 | |
| Original award | $370,200 |
About this award
This is a $1,987,606.65 firm-fixed-price definitive contract awarded by the U.S. Air Force Materiel Command to Wealth Management Partners, LLC, a certified 8(a) small disadvantaged minority-owned business. The contract is for the provision of Chief Financial Officer (CFO) and Financial Improvement and Audit Readiness (FIAR) sustainment services to support the Air Force's efforts to address audit findings and improve financial processes. The contract has a period of performance through June 12, 2020 and was not awarded under a set-aside program.
In addition to this contract award, Wealth Management Partners holds two major federal contract Indefinite Delivery Vehicles (IDVs). The first is the $50 billion 8(a) STARS III Governmentwide Acquisition Contract (GWAC) awarded by the General Services Administration, which allows the firm to compete for and receive task orders from federal agencies for a range of IT services and solutions. The second is a $1 billion Blanket Purchase Agreement from the Federal Aviation Administration to provide wealth management services supporting the agency's Employee Financial Assistance Service program.
Quick answers
Who was awarded contract FA877118C0003?
FA877118C0003 was awarded to Wealth Management Partners, LLC by AFLCMC Maxwell AFB (Lifecycle Management Center) on June 12, 2018.
How much is contract FA877118C0003 worth?
The government has obligated $3,563,611 on FA877118C0003. Its current value, with exercised options, is $3,395,611. Its potential value, with all options, is $1,987,607.
Which agency awarded contract FA877118C0003?
AFLCMC Maxwell AFB (Lifecycle Management Center) awarded FA877118C0003, with funding from Air Force Materiel Command (Air Force).
Was contract FA877118C0003 competed?
The extent of competition for FA877118C0003 was not competed. The government received 1 offer.
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