The department of the navy and the united states marine corps financial statement audits for fiscal years 2021-2025
Active Awarded Last action
- Contract number
- HQ042321F0002
- Awardee
-
Ernst & Young LLP UEI ECMMFNMSLXM7
- Awarding agency
-
Defense Finance and Accounting Service
Department of Defense
- Obligated
- $343,663,218
Award facts
- Opportunity
-
- HQ042320Q0009 Solicitation number
- Contract value 97% obligated
-
- $343,995,206.37 Current, with exercised options
- $354,093,338.26 Potential, with all options
- Completion date 93% complete
- Current and potential, with all options
- Contracting staff
- Funding agency
- Assistant for Administration Secretary of the Navy, Department of Defense
- NAICS code
- 541211 Offices of Certified Public Accountants
- PSC
- R704 Support- Management: Auditing
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 1 offer Multiple Award, Fair Opportunity
- Pricing
- Labor Hours
- Place of performance
- Washington, DC 20005, USA
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Supplemental Agreement for work within scope | $0 | |
| Funding Only Action | -$229,954 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $4,846,885 | |
| Supplemental Agreement for work within scope | $400,007 | |
| Other Administrative Action | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $50,488,369 | |
| Supplemental Agreement for work within scope | $1,500,000 | |
| Funding Only Action | $0 | |
| Supplemental Agreement for work within scope | $18,900,921 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | -$331,989 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $749,452 | |
| Supplemental Agreement for work within scope | $0 | |
| Funding Only Action | $55,162,472 | |
| Supplemental Agreement for work within scope | $0 | |
| Exercise an Option | $0 | |
| Funding Only Action | -$1,539,508 | |
| Supplemental Agreement for work within scope | $175,000 | |
| Supplemental Agreement for work within scope | $0 | |
| Exercise an Option | $53,895,294 | |
| Funding Only Action | $0 | |
| Supplemental Agreement for work within scope | $3,969,281 | |
| Funding Only Action | -$1,373,090 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $2,169,392 | |
| Funding Only Action | $0 | |
| Exercise an Option | $42,559,951 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Exercise an Option | $62,049,923 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Original award | $50,270,811 |
Show all 38
About this award
The Department of the Navy and United States Marine Corps issued a delivery order to Ernst & Young LLP on January 1, 2021, for financial statement audits of Navy and Marine Corps operations for fiscal years 2021–2026, with a ceiling value of $354.1 million under the GSA Multiple Award Schedule.
Place of performance is Washington, DC. The order extends through March 31, 2027. Pricing is labor-hour based.
SCI reporting shows government-invoiced labor activity across four fiscal years. In FY2025 (the most recent reported period), Ernst & Young invoiced $55.6 million across 197 FTEs and 408,863 contractor hours, yielding a derived blended government-paid hourly rate of $135.93 per hour. In FY2022, the order's first full year, invoicing was $49.6 million across 803 FTEs and 1,670,148 contractor hours at $29.67 per hour. FY2023 and FY2024 showed stabilization: $53.8 million (201 FTEs, $128.45/hr) and $54.8 million (195 FTEs, $134.99/hr) respectively. The year-over-year trend from FY2022 to FY2025 reflects a declining FTE footprint and rising hourly rates, consistent with shift toward senior-level audit leadership. In FY2025, subcontractors performed 22 percent of contractor hours across 14 named sub-engagements.
Quick answers
Who was awarded contract HQ042321F0002?
HQ042321F0002 was awarded to Ernst & Young LLP by Defense Finance and Accounting Service (Department of Defense) on January 1, 2021.
How much is contract HQ042321F0002 worth?
The government has obligated $343,663,218 on HQ042321F0002. Its current value, with exercised options, is $343,995,206. Its potential value, with all options, is $354,093,338.
Which agency awarded contract HQ042321F0002?
Defense Finance and Accounting Service (Department of Defense) awarded HQ042321F0002, with funding from Assistant for Administration (Secretary of the Navy).
Is contract HQ042321F0002 an order under another contract?
Yes. HQ042321F0002 is a delivery order under GS00F290CA, a federal supply schedule, on Multiple Award Schedule (MAS).
Was contract HQ042321F0002 competed?
The extent of competition for HQ042321F0002 was full and open competition. The government received 1 offer.
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