To comply with new statement of federal financial accounting standard 54: leases (sffas 54), ARS will need contractor support to complete the task, which has an effective date of october 1, 2023.…
Ended Awarded Last action
- Contract number
- 1232SA23F0137
- Awardee
-
It Concepts, Inc. UEI GJ5YALPQMCH1
- Awarding agency
-
Central Program Planning Coordination and Support
Agricultural Research Service, Department of Agriculture
- Obligated
- $963,442
Award facts
- Opportunity
-
- 1232SA23Q0126 Solicitation number
- Contract value 59% obligated
-
- $963,442.03 Current, with exercised options
- $1,629,692.06 Potential, with all options
- Completion date 100% complete
-
- Current, with exercised options
- Potential, with all options
- Contracting staff
- NAICS code
- 541512 Computer Systems Design Services
- PSC
- R499 Support- Professional: Other
- Set-aside
- No set-aside
- Competition
- Full and Open Competition · 1 offer Multiple Award, Fair Opportunity
- Pricing
- Firm Fixed Price
- Place of performance
- Vienna, VA 22180, USA
- Legislative mandates
-
- Employment Eligibility Verification (E-Verify) FAR subpart 22.18
- Service Contract Inventory FAR subpart 4.17
Award details come from SAM.gov/FPDS.
Transactions
| Action | Obligated | Date |
|---|---|---|
| Exercise an Option | $335,460 | |
| Other Administrative Action | $0 | |
| Supplemental Agreement for work within scope | $0 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Original award | $627,982 |
About this award
The U.S. Department of Agriculture's Agricultural Research Service awarded a delivery order valued at $1.63 million to It Concepts, Inc. (doing business as Kentro) on September 26, 2023, with completion targeted for September 25, 2026. This firm fixed-price delivery order provides contractor support to enable ARS compliance with Statement of Federal Financial Accounting Standard 54 (SFFAS 54), which became effective October 1, 2023, and revised federal financial reporting standards for leases. The work will be performed in Vienna, Virginia. No set-aside designation was used for this award.
It Concepts, an SBA Certified 8(a) Program Participant and Service-Disabled Veteran-Owned Small Business based in McLean, Virginia, is well-positioned to deliver this specialized accounting and financial reporting support. The company maintains an extensive portfolio of federal IT and business consulting contracts across civilian and defense agencies, with demonstrated expertise in systems integration, enterprise solutions, and strategic planning. This delivery order leverages It Concepts' existing capabilities and federal contracting infrastructure to support ARS's financial accounting modernization efforts required under the new lease accounting standards.
Description
To comply with new statement of federal financial accounting standard 54: leases (sffas 54), ARS will need contractor support to complete the task, which has an effective date of october 1, 2023. Sffas 54 revises the financial reporting standards for
Quick answers
Who was awarded contract 1232SA23F0137?
1232SA23F0137 was awarded to It Concepts, Inc. by Central Program Planning Coordination and Support (Agricultural Research Service) on September 26, 2023.
How much is contract 1232SA23F0137 worth?
The government has obligated $963,442 on 1232SA23F0137. Its potential value, with all options, is $1,629,692.
Is contract 1232SA23F0137 an order under another contract?
Yes. 1232SA23F0137 is a delivery order under GS35F0441Y, a federal supply schedule, on Multiple Award Schedule (MAS).
Was contract 1232SA23F0137 competed?
The extent of competition for 1232SA23F0137 was full and open competition. The government received 1 offer.
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