This federal contract award is for "LIT CONSULTANT" services provided by Stout Risius Ross, LLC (doing business as Stout), a global advisory firm specializing in dispute advisory, valuation, and investment banking services. The contract, valued at $174,041.30, was awarded on February 20, 2020 by the Criminal Division of the U.S. Department of Justice (DOJ) and has an ultimate completion date of August 19, 2024. The contract is a Purchase Order with a Time and Materials pricing type.
Stout has a long history of providing expert witness services, litigation support, financial and economic analysis, forensic accounting, and specialized consulting to various federal government agencies, including the DOJ, Department of Health and Human Services Office of Inspector General (HHS OIG), Securities and Exchange Commission (SEC), and Internal Revenue Service (IRS). This contract award does not have a set-aside designation, indicating that Stout was selected through full and open competition based on its expertise and capabilities in the required services.
In addition to this contract, Stout currently holds a single-award Indefinite Delivery/Indefinite Quantity (IDIQ) contract with the HHS OIG, valued at up to $500,000, for providing subject matter expertise in assessing healthcare beneficiaries' ability to pay for medical services. This IDIQ vehicle allows the HHS OIG to efficiently obtain specialized consulting support for its program integrity efforts related to beneficiary contributions in government healthcare programs.