Ginnie MAE financial systems technology support and modernization (GFIT)

Active Awarded Last action

Contract number
47QFDA22F0017
Awardee
Awarding agency
Obligated
$79,085,264

Award facts

Opportunity
  • 47QFDA21Q0064 Solicitation number
Contract value 90% obligated
$87,856,732.49 Current and potential, with all options
Completion date 87% complete
Current and potential, with all options
Funding agency
Government National Mortgage Association Department of Housing and Urban Development
Set-aside
No set-aside
Competition
Full and Open Competition · 3 offers Multiple Award, Fair Opportunity
Pricing
Time and Materials
Place of performance
Washington, DC 20024, USA
Legislative mandates
  • Other statutory authority

Award details come from SAM.gov/FPDS.

Transactions

Action Obligated Date
Exercise an Option P00023 · KP change ginnie MAE financial systems technology support and modernization gfit $0
Funding Only Action P00019 $0
Other Administrative Action P00018 $0
Other Administrative Action P00017 $0
Exercise an Option P00016 $0
Exercise an Option P00015 $17,016,373
Other Administrative Action P00014 $0
Other Administrative Action P00013 $0
Other Administrative Action P00012 $0
Other Administrative Action P00011 $17,571,224
Other Administrative Action P00010 -$6,239,289
Other Administrative Action P00009 $0
Supplemental Agreement for work within scope P00008 $0
Other Administrative Action P00007 $0
Supplemental Agreement for work within scope P00006 $3,699,414
Exercise an Option P00005 $14,024,385
Other Administrative Action P00004 $0
Other Administrative Action P00003 $2,791,469
Other Administrative Action P00002 $0
Other Administrative Action P00001 $0
Original award $12,678,752
Show all 21

About this award

Written by GovTribe AI ·

The Government National Mortgage Association issued a delivery order to Ernst & Young LLP on January 26, 2022, under the GSA Multiple Award Schedule with a ceiling value of $87,856,732.49 for Ginnie Mae Financial Systems Technology Support and Modernization (GFIT).

Place of performance is Washington, DC. The order runs through July 25, 2027, on a time-and-materials basis. Grant Thornton Advisors LLC provides labor services as a subcontractor.

In FY2025, Ernst & Young invoiced $16.9 million across 36.2 FTEs and 75,294 contractor hours at a blended derived rate of $223.82 per hour. The contract has scaled significantly since award: FY2023 peaked at $14.6 million on 23.8 FTEs (49,534 hours), declined to $15.3 million in FY2024 despite growing to 121 FTEs (252,556 hours) at a lower per-hour rate of $60.53, then rebounded to $16.9 million in FY2025 with subcontractor depth at 33 percent of total hours across four subcontractors.

Subawards

Subcontractor Amount Awarded
Grant Thornton Advisors LLC GINNIE MAE FINANCIAL SYSTEMS TECHNOLOGY SUPPORT AND MODERNIZATION (GFIT) Labor services in support of a Government prime contract $530,398

Quick answers

Who was awarded contract 47QFDA22F0017?

47QFDA22F0017 was awarded to Ernst & Young LLP by Assisted Acquisition Services Region 11 (Assisted Acquisition Services) on January 26, 2022.

How much is contract 47QFDA22F0017 worth?

The government has obligated $79,085,264 on 47QFDA22F0017. Its current value, with exercised options, is $87,856,732.

Which agency awarded contract 47QFDA22F0017?

Assisted Acquisition Services Region 11 (Assisted Acquisition Services) awarded 47QFDA22F0017, with funding from Government National Mortgage Association (Department of Housing and Urban Development).

Is contract 47QFDA22F0017 an order under another contract?

Yes. 47QFDA22F0017 is a delivery order under 47QTCA18D003W, a federal supply schedule, on Multiple Award Schedule (MAS).

Was contract 47QFDA22F0017 competed?

The extent of competition for 47QFDA22F0017 was full and open competition. The government received 3 offers.

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