DOL Financial Services

Award Date 11/19/2013
Last Date To Order 6/15/2019
Shared Ceiling $100M
Contract Type
Master IDIQ
Predecessor
Not listed
Successors

The Department of Labor (DOL) Financial Services Indefinite Delivery/Indefinite Quantity (IDIQ) contract vehicle provides comprehensive financial management, accounting, and professional services to various DOL agencies, with a primary focus on supporting the Office of the Chief Financial Officer (OCFO). The contract vehicle enables DOL to rapidly acquire specialized financial systems support, program management, IT modernization, and consulting services through multiple pre-qualified contractors. Task orders under this vehicle span a wide range of financial operations, including financial reporting, system strategy, compliance management, and enterprise-level financial analysis.

The task orders are predominantly awarded to professional services firms such as Grant Thornton LLP, Verdi Consulting Inc., and Kearney & Company, with contract values ranging from $3,000 minimum guaranteed orders to over $5.8 million for comprehensive financial accountability services. Most task orders are not set aside for specific business categories and are priced using labor hours or firm fixed-price models. The typical contract duration spans approximately 12-18 months, with ultimate completion dates frequently extending into the following fiscal year. The primary funding agency is the DOL Office of the Chief Financial Officer, with some task orders also originating from the Office of Job Corps. Performance locations are predominantly in Washington, D.C., and the work consistently aims to enhance financial management, ensure regulatory compliance, and improve financial systems and reporting processes across DOL agencies.

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