System and organization controls 1 (SOC 1) type 2 examination of the USDA/ocfo/FMS financial systems
Active Awarded Last action
- Contract number
- 12314424F0099
- Awardee
-
Holmes & Company, L.L.C. UEI FAJDM7TGYYE3
- Awarding agency
-
Office of Procurement and Property Management
Department of Agriculture
- Obligated
- $262,000
Award facts
- Opportunity
-
- 12314424Q0027 Solicitation number
- Contract value 58% obligated
-
- $262,000.00 Current, with exercised options
- $448,700.00 Potential, with all options
- Completion date 53% complete
-
- Current, with exercised options
- Potential, with all options
- Contracting staff
- Funding agency
- Office of the Chief Financial Officer Department of Agriculture
- NAICS code
- 541211 Offices of Certified Public Accountants
- PSC
- R704 Support- Management: Auditing
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 3 offers Multiple Award, Fair Opportunity
- Pricing
- Firm Fixed Price
- Place of performance
- Cherry Hill, NJ 08002, USA
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Exercise an Option | $89,700 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $87,300 | |
| Original award | $85,000 |
About this award
The U.S. Department of Agriculture's Office of the Chief Financial Officer awarded a $448.7K delivery order to Holmes & Company, L.L.C. (doing business as Holmes CPAs) on March 1, 2024, to conduct a System and Organization Controls 1 (SOC 1) Type 2 examination of the USDA/OCFO/FMS financial systems. This delivery order represents the unilateral exercise of Option Year 2 under the underlying contract vehicle, with performance concluding by February 28, 2029. The award was made under the company's General Services Administration Multiple Award Schedule contract without a set-aside designation, though Holmes & Company itself is an SBA-certified 8(a) Program Participant, minority-owned small business headquartered in Cherry Hill, New Jersey.
Holmes & Company specializes in financial management oversight, compliance monitoring, and technical assistance services to federal agencies. The firm's work on this SOC 1 Type 2 examination aligns with its established expertise in financial systems auditing and compliance review, which has been demonstrated through prior engagements with the Federal Transit Administration and other civilian agencies. The SOC 1 Type 2 engagement represents an assessment of the design and operating effectiveness of controls within USDA's financial management systems, providing critical assurance regarding the organization's ability to safeguard assets and maintain reliable financial reporting. The company's existing GSA schedule contract vehicle enables USDA and other federal agencies to procure such specialized financial management services efficiently through delivery orders.
Quick answers
Who was awarded contract 12314424F0099?
12314424F0099 was awarded to Holmes & Company, L.L.C. by Office of Procurement and Property Management (Department of Agriculture) on March 1, 2024.
How much is contract 12314424F0099 worth?
The government has obligated $262,000 on 12314424F0099. Its potential value, with all options, is $448,700.
Which agency awarded contract 12314424F0099?
Office of Procurement and Property Management (Department of Agriculture) awarded 12314424F0099, with funding from Office of the Chief Financial Officer (Department of Agriculture).
Is contract 12314424F0099 an order under another contract?
Yes. 12314424F0099 is a delivery order under GS00F398GA, a federal supply schedule, on Multiple Award Schedule (MAS).
Was contract 12314424F0099 competed?
The extent of competition for 12314424F0099 was full and open competition. The government received 3 offers.
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