Financial management training
Ended Awarded Last action
- Contract number
- HQ042322A0003
- Awardee
-
Management Concepts, Inc. UEI C2R2ML1DWXW6
- Awarding agency
-
Defense Finance and Accounting Service
Department of Defense
- Task orders
- 3 $1,494,745 obligated
Award facts
- Combined order value
- $1,494,745 Current and potential, with all options
- Last date to order 100% complete
- IDV ceiling 50% used
- $3,000,000.00
- Maximum order
- $1,000,000.00
- Award type
- Single award
- Who can order
- Only the awarding agency
- Contracting staff
- NAICS code
- 611430 Professional and Management Development Training
- PSC
- U009 Education/Training- General
- Set-aside
- No set-aside
- Competition
- 3 offers Multiple Award, Fair Opportunity
- Pricing
- Order Dependent (IDV only)
- Legislative mandates
-
- Service Contract Act FAR subpart 22.10
Award details come from SAM.gov/FPDS.
About this IDV
The Defense Finance and Accounting Service (DFAS), a defense agency, established a single-award Blanket Purchase Agreement (BPA) with Management Concepts, Inc. for the provision of financial management training services. The BPA, awarded October 1, 2022, carries a ceiling value of $3.0 million with an ultimate completion date of September 30, 2025. Management Concepts, a for-profit Subchapter S corporation headquartered in Vienna, Virginia, was selected without set-aside designation on a full and open competitive basis under the General Services Administration's Multiple Award Schedule (MAS) contract vehicle. All performance of work occurs in Vienna, Virginia. The contract enables DFAS to procure comprehensive financial management training solutions through task orders, leveraging Management Concepts' specialized expertise in federal financial management instruction delivered through instructor-led, virtual, and e-learning modalities.
Three task orders issued under this BPA demonstrate consistent utilization of the vehicle for financial management training delivery to DFAS personnel. The earliest task order, awarded October 10, 2022, carried a $593,499 ceiling value with completion by September 30, 2023. A subsequent task order issued November 1, 2023, valued at $543,888, concluded October 31, 2024. Most recently, a task order awarded November 1, 2024, valued at $357,358, extends performance through October 31, 2025. All task orders maintain firm fixed-price structures with no set-aside designations. Collectively, these three task orders total approximately $1.5 million against the $3.0 million BPA ceiling, reflecting DFAS's sustained demand for Management Concepts' financial management training services in support of federal workforce development and Enhanced Defense Financial Management Training requirements.
Task orders
| Task order | Ordering agency | Obligated | Awarded |
|---|---|---|---|
| Financial management training | Defense Finance and Accounting Service | $357,358 | |
| Financial management training | Defense Finance and Accounting Service | $543,888 | |
| Financial management training | Defense Finance and Accounting Service | $593,499 |
Transactions
| Action | Obligated | Date |
|---|---|---|
| Supplemental Agreement for work within scope | $0 | |
| Exercise an Option | $0 | |
| Other Administrative Action | $0 | |
| Other Administrative Action | $0 | |
| Exercise an Option | $0 | |
| Original award | $0 |
Quick answers
Who was awarded contract HQ042322A0003?
HQ042322A0003 was awarded to Management Concepts, Inc. by Defense Finance and Accounting Service (Department of Defense) on October 1, 2022.
How much is contract HQ042322A0003 worth?
Orders under HQ042322A0003 have obligated $1,494,745. HQ042322A0003's own ceiling is $3,000,000. A single order can be worth up to $1,000,000.
How many orders have been placed under contract HQ042322A0003?
3 orders have been placed under HQ042322A0003, the latest on November 1, 2024.
Who can order from contract HQ042322A0003?
HQ042322A0003 is a single award blanket purchase agreement. Only the awarding agency can place orders on it.
Is contract HQ042322A0003 under another contract?
Yes. HQ042322A0003 is a blanket purchase agreement under 47QREA18D000Y, a federal supply schedule, on Multiple Award Schedule (MAS).
Was contract HQ042322A0003 competed?
The government received 3 offers.
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