The Department of Education Financial and Management Support Services Master Indefinite Delivery/Indefinite Quantity (IDIQ) contract provides professional financial and management support services to the Office of Federal Student Aid. The contract vehicle focuses on delivering attestation, performance, compliance, and non-audit support services across various financial and administrative functions. Task orders under this vehicle primarily involve auditing, review, and assessment services, with a specific emphasis on supporting federal student aid program operations and contract management.
The contract vehicle has been predominantly utilized by two prime contractors: Deva & Associates PC, a minority-owned small business, and Saint George Consulting Inc., a Service-Disabled Veteran-Owned Small Business. Task orders typically range from $100,000 to $1.6 million, with performance periods spanning 3-12 months. Common task order scopes include placement rate assessments for educational entities, contract closeout audit services, invoice and billing reviews, and attestation services for specific programs like the Total and Permanent Disability (TPD) program. Most task orders are either firm fixed-price or time and materials contracts, with no set-aside designation or total small business set-aside. The contract demonstrates a focus on providing specialized financial and compliance services to support the Department of Education's Federal Student Aid operations.