Ginnie MAE valuation modeling
Ended Awarded Last action
- Contract number
- 47QFDA21F0011
- Awardee
-
Ernst & Young LLP UEI ECMMFNMSLXM7
- Awarding agency
-
Assisted Acquisition Services Region 11
Assisted Acquisition Services, General Services Administration
- Obligated
- $14,809,560
Award facts
- Opportunity
-
- Professional Service Schedule Solicitation · Posted Jun 10, 2019
- Contract value 58% obligated
-
- $17,626,901.32 Current, with exercised options
- $25,344,580.40 Potential, with all options
- Completion date 100% complete
- Current and potential, with all options
- Contracting staff
- Funding agency
- Government National Mortgage Association Department of Housing and Urban Development
- NAICS code
- 541211 Offices of Certified Public Accountants
- PSC
- R710 Support- Management: Financial
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 5 offers Multiple Award, Fair Opportunity
- Pricing
- Firm Fixed Price
- Place of performance
- Washington, DC 20024, USA
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
- Other statutory authority
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Close Out | -$27,423 | |
| Funding Only Action | $0 | |
| Funding Only Action | $1,707,685 | |
| Funding Only Action | -$181,951 | |
| Funding Only Action | $0 | |
| Funding Only Action | $2,169,406 | |
| Exercise an Option | $1,245,967 | |
| Funding Only Action | $0 | |
| Exercise an Option | $3,024,743 | |
| Funding Only Action | -$0 | |
| Funding Only Action | $38,618 | |
| Supplemental Agreement for work within scope | $1,135,288 | |
| Other Administrative Action | $0 | |
| Funding Only Action | $0 | |
| Exercise an Option | $1,372,299 | |
| Additional Work (new agreement, FAR part 6 applies) | $135,288 | |
| Exercise an Option | $2,007,653 | |
| Supplemental Agreement for work within scope | $361,008 | |
| Other Administrative Action | $0 | |
| Original award | $1,820,979 |
Show all 20
About this award
The Government National Mortgage Association issued a delivery order to Ernst & Young LLP on December 11, 2020, with a ceiling value of $25.3 million for Ginnie Mae valuation modeling, under the GSA Multiple Award Schedule.
Place of performance is Washington, DC. Ultimate completion date is June 10, 2026. The order carries firm fixed price pricing and no set-aside.
Service Contract Inventory reporting shows government-invoiced labor activity across five fiscal years. FY2025 (the most recent reported period) reflects 7.5 FTEs and 15,582 contractor hours at a derived government-paid rate of $198.44 per hour. FY2024 recorded the highest labor intensity at 27.6 FTEs and 57,511 hours but a lower derived rate of $56.22 per hour, reflecting a significant staffing ramp-down in FY2025. Across the award's lifecycle, invoiced dollars grew from $896 thousand in FY2021 to a peak of $3.2 million in FY2024, then declined slightly to $3.1 million in FY2025. Subcontracting represented 3 percent of contractor hours in FY2025, with one subcontractor engaged. The derived hourly rate trend across reported years is rising overall, excluding the FY2024 anomaly.
Quick answers
Who was awarded contract 47QFDA21F0011?
47QFDA21F0011 was awarded to Ernst & Young LLP by Assisted Acquisition Services Region 11 (Assisted Acquisition Services) on December 11, 2020.
How much is contract 47QFDA21F0011 worth?
The government has obligated $14,809,560 on 47QFDA21F0011. Its current value, with exercised options, is $17,626,901. Its potential value, with all options, is $25,344,580.
Which agency awarded contract 47QFDA21F0011?
Assisted Acquisition Services Region 11 (Assisted Acquisition Services) awarded 47QFDA21F0011, with funding from Government National Mortgage Association (Department of Housing and Urban Development).
Is contract 47QFDA21F0011 an order under another contract?
Yes. 47QFDA21F0011 is a delivery order under GS00F290CA, a federal supply schedule, on Multiple Award Schedule (MAS).
Was contract 47QFDA21F0011 competed?
The extent of competition for 47QFDA21F0011 was full and open competition. The government received 5 offers.
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